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The Save £12k in 2025 challenge

enthusiasticsaver · 2024-10-24 16:26:25

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…

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enthusiasticsaver Posts: 16,133 Ambassador

17 October at 4:28PM

I have scratched together £450 this month to open two regular savers. One with Nationwide earning 7% paying in £200 a month and one with YBS paying 4.85% paying in £250 a month. So total now is £12450 for the year.

£450 a month will be the best I can save I think going forward until February when I get my state pension as we have just paid out for our November holiday and two new laptops. In January we have to pay for our May holiday and we will be saving for our China trip next year too.

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.

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

The 365 Day 1p Challenge 2025 #1 £667.95/£451.50
Save £12k in 2025 #1 £12000/£12450
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