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"The Save £12k in 2024" challenge
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Just to confirm challenger numbers are not yet set in stone. I will sort this out in January but as many people last year signed up but did not complete we will be putting established savers near the top of the sheet and newbies at the bottom to save time on editing.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
The 365 Day 1p Challenge 2025 #1 £667.95/£162.90
Save £12k in 2025 #1 £12000/£70004 -
enthusiasticsaver said:MrFrugalFever said:Slowfading had a google sheets doc for this years, is there one for 2024?
#32 - £5,000 for 2024 for me please, some big expense next year so £12k is going to be out of the question
I have had a number of people requesting sharing rights to the sheet which I am refusing. People can use the link on page one to view the sheet. The only editors will be myself and Suffolk Lass.
Thanks for taking over the challengeIf you believe you can, you will. If you believe you can't, you won't.
Secured/Unsecured loans x 1
Credit Cards x 8 (total limit £55,050)
Creation FS Retail Account x 1
Creation Credit Sale 0% x 1 = £112.50pm x 20 mths
0% Overdraft x 1 (£0 / £250)
Mortgage Outstanding - £137,707.00 (Payment 13/360)
Total Debt = £7,400 (0%APR) @ £100pm - Stoozing4 -
Thankyou for offering to do this.
Could you please put me down for £9000 this year.
Happy to take whichever number is allocated.£6000 in 20233 -
One small question: Does the £1,000 bonus from the Lifetime ISA count as saved money?
Save £12,000 in 2024: £17,500 out of £12,000.Save £12,000 in 2025: £0 out of £12,000.2 -
Macsidia said:One small question: Does the £1,000 bonus from the Lifetime ISA count as saved money?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 here2 -
Can I join please? Aim is for £25,000!! Big total but should be achievable she says 🤞Save £25,000 in 2025: #45-£524.15/25, 000
PAD 2025: £609.19/61004 -
I've spent the morning setting up regular saver accounts for the maximum amount with three of the four banks I currently have accounts with, with 8% (Nationwide), 7% (First Direct) and 5.5% (Halifax) interest rates. That's taken care of £750 of my planned £1k a month, and will up my S&S ISA payment from £100 to £250 / month to take care of the rest. I'm sure there are more savvy ways of maxing interest, but as this is my first year with an ambitious target I thought I'd try and lock in the savings as much as possible.#21 Save £12k in 2025 £10477.35/£20000
June NSD Challenge 0/104 -
Caeraugirl said:I've spent the morning setting up regular saver accounts for the maximum amount with three of the four banks I currently have accounts with, with 8% (Nationwide), 7% (First Direct) and 5.5% (Halifax) interest rates. That's taken care of £750 of my planned £1k a month, and will up my S&S ISA payment from £100 to £250 / month to take care of the rest. I'm sure there are more savvy ways of maxing interest, but as this is my first year with an ambitious target I thought I'd try and lock in the savings as much as possible.
If you believe you can, you will. If you believe you can't, you won't.
Secured/Unsecured loans x 1
Credit Cards x 8 (total limit £55,050)
Creation FS Retail Account x 1
Creation Credit Sale 0% x 1 = £112.50pm x 20 mths
0% Overdraft x 1 (£0 / £250)
Mortgage Outstanding - £137,707.00 (Payment 13/360)
Total Debt = £7,400 (0%APR) @ £100pm - Stoozing4 -
MrFrugalFever said:The only downside I have found with the RS's is that they normally cannot be withdrawn without some form of penalty (such as a significant reduction in interest and account has to be closed in the case of FD). But, if this isn't a problem for you then the higher interest rates make for good returns.#21 Save £12k in 2025 £10477.35/£20000
June NSD Challenge 0/103 -
Could I please join in - target of £20,000 please!
also wish I’d found this in previous years!!Debt Free I FFEF I Building Savings I 2025 Plan:- Regular Savings £6,350/£10,000
- Slush Fund £3,800/£10,000
Save £12k in 2025 - #50 - £10,150/£20,000 (51%)4
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