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The Save £12k in 2025 challenge
enthusiasticsaver
Posts: 16,394
Ambassador
I give details below of the savings challenge I have been running this year and will continue to run next year with the help of @Suffolk_lass
This is the new Challenge thread for savers in 2025. The aim is to get more people saving throughout the year and this thread gives a space for people to record their progress.
The challenge starts on 1 January 2025 and finishes on 31 December 2025.
You can save £12k or any other amount you decide to set as a target. You can change your target at anytime.
Please post on this thread if you want to join in next year with your target amount and we will allocate numbers in the New Year which you should quote when posting. Most people update monthly but feel free to update more frequently if you wish.
Here is a link to the spreadsheet to check on progress through the year.
Save £12k in 2025 Challenge - Google Sheets
Savers who have not updated or posted by the end of February will be removed from the challenge.
This is the new Challenge thread for savers in 2025. The aim is to get more people saving throughout the year and this thread gives a space for people to record their progress.
The challenge starts on 1 January 2025 and finishes on 31 December 2025.
You can save £12k or any other amount you decide to set as a target. You can change your target at anytime.
Please post on this thread if you want to join in next year with your target amount and we will allocate numbers in the New Year which you should quote when posting. Most people update monthly but feel free to update more frequently if you wish.
Here is a link to the spreadsheet to check on progress through the year.
Save £12k in 2025 Challenge - Google Sheets
Savers who have not updated or posted by the end of February will be removed from the challenge.
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.
Save £12k in 2026 Challenge £12000/£12,000
365 day 1p Challenge 2026 £667.95/£700
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Save £12k in 2026 Challenge £12000/£12,000
365 day 1p Challenge 2026 £667.95/£700
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
6
Comments
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Thanks for the organising this. Can I join please? I hope to save £30,500
Challenges
NSD - August - xx/10
1. 2026 Mortgage-Free Wannabes #61 £27,100/£27,100, target met June 2026, mortgage balance - £0. mortgage @ Jan 2025 - £75,600
2. 2026 Mortgage Free Wannabe #47 , buy to let deposit xx/20k
3. Loan - Jan 2026 £1,029.22 - bal £0- fully paid
4.52 Week Envelope Saving Challenge #2 £689/£1,378 -( 26/52)
5. EF - £1,742
2 -
Please could i join in ? I hope i can save £17000 in 2025 ,i must try and stay on track this time ..Thank you2
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After an extremely poor attempt at saving in 2024, can I please join with a target for 3k in 2025?Debt Free as of December 2020 👏
MFW - 40 months shaved off the mortgage2 -
would like to be in again for 2025 will target £12,000 again but have a few holidays this year so may fall short we will see.
will only put in cash i can physically use and no pension payments etc.2 -
Could I be added please with a target of £5000. Thank you ☺️Grocery challenge Jan 2026 - £0/£600
Save 10k in 2026 £0/£50002 -
Could I be added please. I’m aiming for 10k total in 2025, which I’m splitting between 2k EF, 3k holiday fund (which I’ll hopefully spend on an holiday if possible, but I want it to be under savings here to keep me accountable and motivated) and 5k savings.
so far 450/10000.Emergency Fund: 1000/2000August Grocery Challenge: 208/550
S&S ISA: £420
Save 12k in 2025: #10 1200/10000
100 steps challenge.. to be where you want to be in 2025:
EF 60/100 (1 step= £20)
holiday 0/100 (1 step= £30)
savings 4/100 (1 step= £50)
2025 diary: https://forums.moneysavingexpert.com/discussion/6576803/a-fresh-start-a-year-of-growth-and-balance/p1?new=1
old diary becoming DMP free in 2024: https://forums.moneysavingexpert.com/discussion/6495850/freedom-and-independence/p11 -
Can I be added again this year please? Target of £6,000.
Many thanks1 -
I’d like to continue for 2025 please.
I exceeded my 2024 target so will increase to £6,000. I thought about trying £10K but if rates fall I won’t have a prayer (did quite well with Premium Bond prizes in 2024.)2 -
Hello everyone.
Please put me down for £36,000, which will be tough for me to achieve but includes absolutely everything that I'm saving. I have no work pension so this is almost all going towards investments for my retirement.No.13 in the 2025 saving money challenge. Target £36,000.
Monthly grocery budget challenge: £720
NSD challenge: target 10 a month
Fat loss quarterly challenge: 21%body fat to 17%.2 -
Please can I join with a target of £6,000.
I will save it in my cash ISA.Debt Free: 01/01/2020
Mortgage: 11/09/20241
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