Save £12k in 2026 challenge (or any other amount to challenge yourself!)

Caeraugirl

Thanks for continuing to run this challenge @Suffolk_lass and thank you to @enthusiasticsaver too for 2025. As mentioned in the 2025 thread I'd like to do this in 2026 - I'm happy to remain as #21, but not worried if you want to move me up the spreadsheet. I'm going to aim for £1200 for the year, but may need to tweak this goal as hoping to retire in August if all goes to plan.

Metrocammell

Spotted the 2025 version of this thread far too late into the year. Would like to take part this year if possible, with a goal of £5000. Looking at things subjectively this could well be quite a stretch for me all things considered. Like the fact I haven't worked a full week in December, and January isn't looking much better either. That said, if I can stick to at least paying into a RS every month and have the much needed de-clutter I shouldn't be far off and one can only try  

James240

I would like to be counted in for this 2026 challenge please! My target is £10,000

Suffolk_lass

Draft spreadsheet includes everyone to here. @Caeraugirl, did you mean £1200 or £12,000?

Malchester

Any guidance as to what is classed as saving? i assume income less expenditure. But is interest included in the income? For a monthly savings figure is it as simple as taking total accounts balance at end of month minus the balance at start of the month?

bsms1147

Malchester said:

Any guidance as to what is classed as saving? i assume income less expenditure. But is interest included in the income? For a monthly savings figure is it as simple as taking total accounts balance at end of month minus the balance at start of the month?

I include savings interest and gains (or losses) from investments, so I’m basically tallying all account balances each month.

AnotherNewDay

Hi, I think I posted in the 2025 thread that I would like to join again for 2026, but can't remember....so posting here
I'll go for £12,000 again. I'm currently #23 and happy to keep or change that

Suffolk_lass

Malchester said:

Any guidance as to what is classed as saving? i assume income less expenditure. But is interest included in the income? For a monthly savings figure is it as simple as taking total accounts balance at end of month minus the balance at start of the month?

We all do it our own way, @Malchester. Many post at the beginning of the month by predictable regular savings amounts.

I don't do that. I post at the start of the next month having checked the investments for that month to include the dividends from them. I do include dividends and interest, but not the stock and fund value movements (I do record them but I don't count them for this). Also in my tally is any PB or lottery wins (above a LD), my regular saver and my Tilly Tally total - if you are not familiar with that description it refers to checking your bank account and rounding it down, with the pennies, or pounds going into a savings pot and the name referencing the long ago Forumite that coined it. There are now various apps called this. I paid off about £40,000 of our mortgage by doing a daily check and Tillying down to the nearest £10, after every day's payments. I still do it, though the mortgage is long gone.

I also include any sales of honey (I am retired and a hobby beekeeper) or other products I sell from that hobby (all honey fudge this month)

Angelica123

I didn't participate in 2025 as I was purchasing property but now back on saving wagon. 

My aim is 12k. 

UKX69

Suffolk_lass - Can you withdraw my name from the list please - changed my mind! Thanks.