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"The Save £12k in 2024" challenge

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  • A tiny little £200 this month to hopefully start getting back on track! We've moved house this year and just back from holiday so our savings are well and truly depleted!!
    Debt Free as of December 2020 👏

    Save 12k in 2025 #6 - £300 / £3000

    MFW - 19 months shaved off the mortgage
  • Suffolk_lass
    Suffolk_lass Posts: 10,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks for the update @CreditCardJunkie. Good luck with the rest of the year.

    By the way, your signature says you are #35 but you are #25 on the spreadsheet
    Save £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
    OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My new diary is here
  • Thanks for the update @CreditCardJunkie. Good luck with the rest of the year.

    By the way, your signature says you are #35 but you are #25 on the spreadsheet
    Thank you! Not sure how I've managed that but I've updated it now! I'm going to reset my target but need to figure out what's achievable with our new budget!
    Debt Free as of December 2020 👏

    Save 12k in 2025 #6 - £300 / £3000

    MFW - 19 months shaved off the mortgage
  • #34 ReleaseTheStars £526.08 for May
    Thank you
  • t2rry
    t2rry Posts: 1,075 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 24 May 2024 at 11:14AM
    #47 t2rry declaring a final £3570 for May (in addition to the £3k already declared)

    That's a hefty month thanks to 2 extra paydays (unusual).  The £70 is from savings round ups, the £3,500 from the latest additional payday... I have kept another £1k back for what looks to be a tight budget over the summer months, hopefully I won't feel the need to use all of it and I can add some of that in too at a later date.

    June will be teeny in comparison!
    Debt Free I FFEF I Building Savings I 2025 Plan:
    1. Regular Savings £7,400/£10,000
    2. Slush Fund £3,800/£10,000

    Save £12k in 2025 - #50 - £11,200/£20,000 (56%)
  • Jellybaby
    Jellybaby Posts: 1,301 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    #7 Jellybaby declaring £1,050 for May

    Happy with that. Can’t believe we’re heading into June already.
  • I've reworked my budget and my new target for the end of the year is £2000.

    We were initally saving hard to move house and now our larger mortgage payment and regular overpayments eat massively into our leftover income! 
    Debt Free as of December 2020 👏

    Save 12k in 2025 #6 - £300 / £3000

    MFW - 19 months shaved off the mortgage
  • Hi folks
    I am dropping out of this challenge for the rest of this year.  Apologies. 
    Best of luck to everyone who is still saving.
  • Karrlas
    Karrlas Posts: 19 Forumite
    Part of the Furniture 10 Posts Photogenic Combo Breaker
    #58 - Here is my update for end of May 24, Total to add - £1132.96
    Which leaves an avg of £788 a month to hit the £12k (Down from £831 from last month).

    Rough breakdown :-
    To savings accts/bonds - £770.73
    Savings Acct Interest - Easy Access - £7.82, ISA's - £154.41
    Premium Bond winnings - £200

    Very happy with progress, especially for this month seeing as it was MoT/Service & car tax month. 
    Just over 54% of target within 5mths gives a little room for manoeuvre too if anything crops up.


  • kev2009
    kev2009 Posts: 1,107 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 30 May 2024 at 11:31AM
    Hi folks
    I am dropping out of this challenge for the rest of this year.  Apologies. 
    Best of luck to everyone who is still saving.
    Hope everything is ok! Hope to see you back next year.

    Kev
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