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The Save £12k in 2025 challenge
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Hello all, happy April!
Number 53 here to report:
- £4,670 for March
- £2,455 for April
March was a bumper month as I've been stoozing a credit card into premium bonds and got to scrape out the winnings plus some surplus (£2,165) into my ISA before the tax year end.Save £12k in 2023 #51 - £20,411.96/£15k (136.08%)
Save £12k in 2024 #24 - £19,331.23/£20k (96.66%)
Save £12k in 2025 #53 - £12,395/£20k (39%)
I built a new salary tool to help explain deductions and tax brackets. Try it here: salarytools.co.uk4 -
Coming in to post my April savings. I'm being stricter going forward and only counting actual savings, not the things that would be saved if they weren't being spent on a goal in the same month, as I have declared myself a cheat over the special holiday.So #33 declaring £324.46 for March.April should be better as I will have 2 overtime days paid, plus a couple of weeks of holiday that is already saved for, so I won't be spending on supermarket or petrol to and from work.Save £12k in 2025 #33 £2531.77/£5000 (If this carries on I might have to up my target!)
April take lunch to work goal - 3 of 123 -
I have just updated the conditional formatting on the spreadsheet - just to explain -
- dark green if you are at 1/3rd of the year (end of April) and at or ahead of your total for this stage
- light green if you are at or ahead of 25% of the year (for those of us who post the month in arrears)
- amber if you have posted anything above £0 but under 25% of your target, and
- red if you are at £0 or have not posted.
The remaining 5 who have not updated at all will be removed when I get back from my (shorter trip) for the weekend, if there is still radio silence.
So also to clarify, neither of us are updating the spreadsheet now until next week, due to hols!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 here7 -
Just made the down payment on a new house. All my savings have gone towards that.
We will need to pay two mortgages for a while. Roughly £600 per month on our current place and now £1500 per month on the new place. The new place will be ready to move into summer 2026. We will sell our current place hopefully spring 2026. That will provide money to help bring down the mortgage on the new place and decorate it.
So there will be about £2100 per month going towards mortgages for a while, and varying amounts extra per month to start rebuilding retirement savings.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%.3 -
Update for March
#49 £832
Save £12k in 25 No 49
PB Win 21 £225, 22 £275, 23 £900, 24 £750 Balance Dec 25 £32.7K
Plan to move to Denmark for FIRE by Autumn 2025 “May your decisions reflect your hopes not your fears”
New diary aiming for fire https://forums.moneysavingexpert.com/discussion/6414795/mortgage-free-now-aiming-for-fire#latest4 -
#60 recording £240.48 for March please4
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#50 t2rry reporting £1,570 for April please
Debt Free I FFEF I Building Savings I 2025 Plan:- Regular Savings £7,400/£10,000
- Slush Fund £3,800/£10,000
Save £12k in 2025 - #50 - £11,200/£20,000 (56%)4 -
#46 Thriftymissus £216
this is my monthly pension payment and it needs to go up, big time.4 -
#16 - £300.81 for March
Went on a UK holiday to the sea this month which was planned, but on top of this some big and unexpected costs meant this was a much more expensive month than expected - car needed work, and then it broke down for an unrelated reason and needed a new battery. Some urgent healthcare-related costs too, and combined with losses on my investments means I was lucky to end the month with a positive.
New month, new tax year too - hopefully better!2 -
#48 here, March savings are £1600. Thank you for updating.
MFW 2025 #32 £4,006.43/£3,000; MFW 2024 #32 £4,217.84/£3,000; MFW 2023 #32 £5,238.84/£4,000; MFW 2022 #32 £8,246.43/£8,000; MFW 2021 #32 £8,982.73/£8,000; MFW 2020 #32 £12,000/£6,000
Save £12k in 2025 #48 £9,600/£14,000; Save £12k in 2024 #26 £13,055.37/£6,000; Save £12k in 2023 #31 £11,500/£6,000; Save £12k in 2022 #32 £7,180.24/£7,000; Save £12k in 2021 #32 £9,500/£8,000; Save £12k in 2020 #147 £9,370/£8,000
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