"The Save £12k in 2024" challenge

gd55

Me again please! Target is £10k.

Doris17

Please could you put me down for 12k?

george4064

x_raphael_xx said:

Hello! I've been lurking in the 2023 thread, waiting for the 2024 one to start
12K is a bit of a stretch for me (we're also trying to overpay our mortgage) so my goal will be a little more achievable £1200 please!

Personally, I’d count mortgage overpayments within this challenge. So overpaying the mortgage shouldn’t be limiting your ability to save as it is a form of saving in itself.

If you wanted to get even more technical; as well as counting the overpayments when they’re initially made, you could also take into account the accumulated monthly interest you save from your overpayments made over the year. Somewhat inverse tracking of when you earn interest when you’ve got cash sat in a savings account earning interest.

Suffolk_lass

I'm in for £5000 again

Brianglasgow2022

Can you put me down for £12000 please.

juststuff123

Thanks for taking up the mantle this year!

Pop me down for £30k next year please.

Van_Girl

Could you put me down for £23k please? If I can keep #14 that would be great, but don't worry if not!

Edited to say, I counted the comments asking to join and I think I'm actually number 14 

x_raphael_xx

george4064 said:

x_raphael_xx said:

Hello! I've been lurking in the 2023 thread, waiting for the 2024 one to start
12K is a bit of a stretch for me (we're also trying to overpay our mortgage) so my goal will be a little more achievable £1200 please!

Personally, I’d count mortgage overpayments within this challenge. So overpaying the mortgage shouldn’t be limiting your ability to save as it is a form of saving in itself.

If you wanted to get even more technical; as well as counting the overpayments when they’re initially made, you could also take into account the accumulated monthly interest you save from your overpayments made over the year. Somewhat inverse tracking of when you earn interest when you’ve got cash sat in a savings account earning interest.

Interesting! I didn't think of it that way. I was thinking more 'a pot of £x', but you're right. The money we are paying onto the mortgage is money we would otherwise pop in a savings pot.

Okay! Make my goal total £12,000!

kev2009

Hi,

Thanks for adding me as #003, could you set my target to £6k please?

Many thanks

Kev

Hellesbelles

Hi @enthusiasticsaver and @Suffolk_lass, Thank you both for taking on this challenge. Best wishes to @slowlyfading too.
Please put my target as £6,000 again. Thanks