The Save £12k in 2025 challenge

enthusiasticsaver

Nintud said:

Can I join please?
£153 saved so far (£50 EF, £52 cash envelope, £1 virtual envelope)

What is your target amount for the year? 

enthusiasticsaver

Here are new joiners.  I am away for a few days coastal walking in West Cornwall.  Fingers crossed for no snow.  I will check in again next week. 

48	Sandrya	£14,000.00
49	TallGirl	£12,000.00
50	t2rry	£20,000.00
52	Quantaqa	£40,000.00
53	steves_uk	£20,000.00

george4064

Cassingtonbear said:

#13 Managed to put away £3248 for the start of January. 

My savings are all for retirement. Each month £448 goes to a private pension and a varying amount will go to my general investment account.

I presume you’ve used up your annual (stocks & shares I’d expect) ISA allowance already and hence you’re using general investment account (GIA) instead?

Cassingtonbear

george4064 said:

Cassingtonbear said:

#13 Managed to put away £3248 for the start of January. 

My savings are all for retirement. Each month £448 goes to a private pension and a varying amount will go to my general investment account.

I presume you’ve used up your annual (stocks & shares I’d expect) ISA allowance already and hence you’re using general investment account (GIA) instead?

Hi, I'm living and working abroad so do not have an ISA. 

Cassingtonbear

enthusiasticsaver said:

Cassingtonbear said:

#13 Managed to put away £3248 for the start of January. 

My savings are all for retirement. Each month £448 goes to a private pension and a varying amount will go to my general investment account.

That is a healthy start to the new year. 

Thanks, I'm very happy with that. Enjoy your trip to Cornwall, I'm from there and haven't been in years but I'm mentally planning/dreaming of a summer walking trip round the coast one day.

Macsidia

A bit late to this thread, continuing in 2025 with the regular £12,000 target. It's likely I will save more than that but there are possible external factors that could affect the outcome this year should they occur but I have to presume everything continues as normal for now.

rjrs0510

It’s been a while since I have been focussed on saving!  Could you please put me down for a goal if £6000 in 2025?

t2rry

Oh @enthusiasticsaver you've no idea how pleased I am to be a nice round #50!

And with that:

#50 t2rry declaring £1,750 for January please

Some of my ground rules, thought it might be interesting to share/see others:
I DO NOT include savings interest or investment returns
I DO NOT include round ups (money that goes into savings from rounding up spends, I consider this an expense)
I DO NOT knock off any spending that is planned (Unplanned spends will come off in-month savings)

Overall this essentially means taking away with one hand but giving back with the other, so whilst it's never meant to result in one negating the other, it's a give and take that I allow so I can concentrate on my savings totals (and spending) being proactive rather than passive. 

Good luck everyone 

Kim_13

#12 Kim_13 beginning with £53.31 for January

Dizzycap

Well done with the savings so far folks xxx

# No.34 Dizzycap beginning with £5423.18 for January 2025 of a 12k yearly total.

I'm only including savings left over from wages after any other savings payments have been made i.e. pension contributions, regular savers, investments, and other MSE saving challenges etc. I also begin my yearly 12k savings challenge in September and usually finish in August which allows me leeway to complete this challenge by the end of the year, should things not go as planned.