The Save £12k in 2025 challenge

Kim_13

#12 Kim_13 adding £272.84

Total for August (hopefully the last update!) £908.45

t2rry

Good morning!
It's payday for me today, which means my August (spreadsheet) is complete.

I said previously that I wouldn't include round ups (where my bank rounds up my spends and adds the difference to my savings account) in this challenge, and between Jan-Jul that equates to around £70 a month.  Happy to leave this out of my count as it gets swallowed into my spends so I don't really notice it, just a nice bonus.

This month, I decided to boost it by manipulating the system a little, purely because this linked savings account has a better rate than my instant saver where I have a small emergency fund and I knew I would have underspends this month.  In doing so, I've added an extra £270 to my savings and I think this is significant enough to warrant including.

I'm going to do the same through September, with a bigger budget against it, making it proactive saving rather than passive, basically until I have filled those savings accounts at the preferential rate.

#50 t2rry therefore declaring an additional £270 for August please
That should bring my August total up to £1,070

Jellybaby

#26 Jellybaby with £800 for August.

Think I’m over my planned total now and delighted with how this challenge has kept me focused. 

Thanks for all the hardwork that goes into this.

enthusiasticsaver

Good morning everyone. #1 Declaring a total of £2000 for August as I have just transferred a further £1000 in to savings. 

Spreadsheet updated. My first pension goes in tomorrow and as we don’t have any large payments going out in September I am hoping to put £2000 away then too. I think I will exceed my target this year. 

Topscooby

An update for August please: #27 Topscooby £1000 Getting more and more difficult to find accounts with decent interest rates to put our savings into. The last couple of years have seen a steady decline in the interest we are earning back from our savings whilst, at the same time, everything is getting more expensive to buy. Never mind, we shall keep going and look for more ways to economise and reduce our spending.

Bridlington1

Topscooby said:

An update for August please: #27 Topscooby £1000 Getting more and more difficult to find accounts with decent interest rates to put our savings into. The last couple of years have seen a steady decline in the interest we are earning back from our savings whilst, at the same time, everything is getting more expensive to buy. Never mind, we shall keep going and look for more ways to economise and reduce our spending.

Still quite a few good regular savers on offer though, Principality BS have come up with another 7.5% RS only this morning. Has been discussed in the main regular savers thread though:
https://forums.moneysavingexpert.com/discussion/6576962/the-top-regular-savers-discussion-thread/p1

RunsFromRobots

#22 declaring £3,000 for August 2025.