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The Save £12k in 2025 challenge

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  • steves_uk
    steves_uk Posts: 50 Forumite
    Part of the Furniture 10 Posts Photogenic Name Dropper
    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.uk
  • KeepOnKnitting
    KeepOnKnitting Posts: 860 Forumite
    Ninth Anniversary 500 Posts Photogenic Name Dropper
    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 12
  • Cassingtonbear
    Cassingtonbear Posts: 62 Forumite
    10 Posts Name Dropper
    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%. 
  • TallGirl
    TallGirl Posts: 6,174 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 3 April at 11:52AM
    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#latest

  • penny_less
    penny_less Posts: 150 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    #60 recording £240.48 for March please 
  • t2rry
    t2rry Posts: 1,075 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    #50 t2rry reporting £1,570 for April please
    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%)
  • Thriftymissus
    Thriftymissus Posts: 265 Forumite
    100 Posts Photogenic Name Dropper
    edited 4 April at 10:54PM
    #46 Thriftymissus £216

    this is my monthly pension payment and it needs to go up, big time. 
  • bsms1147
    bsms1147 Posts: 2,274 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    #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!
  • Sandyra
    Sandyra Posts: 291 Forumite
    Tenth Anniversary 100 Posts Name Dropper Cashback Cashier
    #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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