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"The Save £12k in 2024" challenge

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  • First update of the year but possibly not the only one for the month…could be more to come for January but depends on how good my bonus from work is which I won’t know until the end of the month  ;)

    So, to get things started……

                                                   #18 Topscooby  £1000 January 2024

    All funds being deposited into fixed rate accounts with Nationwide, First Direct, Santander and Gatehouse.

    That gets me going for the year  o:)
    £12k in 2025 #27 ( £7,000 / £12000 ) 🤞
    £12k in 2024 #18 (£14,000 / £12,000)…Goal surpassed 🙏
    The 365 Day 1p Challenge 2023 #86 ( Completed at 299.42% )
  • Simobla1
    Simobla1 Posts: 58 Forumite
    Second Anniversary 10 Posts Name Dropper
    Number 39 with Jan's saving total of £950.  Many thanks!
    Save £12k in 2025
    #36 2025: Target £15k / £8,003
    #39 2024: 
    Target £10k / £13,623 (exceeded)
    #39 2023: Target £3k / £4,415 (exceeded)

    MFW member No.56
    2025 Overpayment Target £4k / £1,826
    2024 Overpayment Target £7k / £7,683 (exceeded)
    2023 Overpayment Target £5k £9,358 (exceeded)
    Mortgage total May ‘23: £119,202. Jan ‘25: £96,098.  Current June '25 £92,751
    Pay-off: 1st April ‘341st Sept ‘33, 1st May '33, 1st April '33, 1st March '33, 1st Aug '32, 1st  Sept '31

    MFiT-T7 #15
    Target £70k
  • #09 geordiejon
    last years challenge opened up regular savers in october which i didn't count towards the year but will be adding to this one.
    so first post will be for £1,800.
  • t2rry
    t2rry Posts: 1,074 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thanks so much @enthusiasticsaver

    My first for Jan due to automatic payments, hopefully not the last:

    #47 T2rry £620 January 2024
    Debt Free I FFEF I Building Savings I 2025 Plan:
    1. Regular Savings £6,350/£10,000
    2. Slush Fund £3,800/£10,000

    Save £12k in 2025 - #50 - £10,150/£20,000 (51%)
  • Doris17
    Doris17 Posts: 907 Forumite
    Tenth Anniversary 500 Posts Name Dropper Combo Breaker
    Hi, 

    #45 £741.31 

    Many thanks.

    "Make Everyday Count"



  • Is it too late to join? If not can I be in for £3k please?
  • Hi everyone! I'd like to join as well please.

    Can I please be put down for an ambitious 25k?

    Thanks for organising! 
  • MrFrugalFever
    MrFrugalFever Posts: 1,301 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    #32 £195 for January, not including aggregate interest from existing savings
    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 - Stoozing

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