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  • FIRST POST
    • slowlyfading
    • By slowlyfading 5th Dec 17, 9:10 PM
    • 12,914Posts
    • 74,163Thanks
    slowlyfading
    The "Save 12k in 2018" Thread!
    • #1
    • 5th Dec 17, 9:10 PM
    The "Save 12k in 2018" Thread! 5th Dec 17 at 9:10 PM
    So, the title is pretty self explanatory, but this is the place to be in 2018 it's that time of year, again!

    In 2018, the aim is to save 12k (or, any other amount if you like) from 1st January 2018 til 31st December 2018. I know it's early, but it gives you the time to plan for how you are going to do it.


    2012 thread:http://forums.moneysavingexpert.com/showthread.php?t=3547675
    2013 thread: http://forums.moneysavingexpert.com/showthread.php?t=4315923
    2014 thread: http://forums.moneysavingexpert.com/showthread.php?t=4844519
    2015 thread: http://forums.moneysavingexpert.com/showthread.php?t=5122817
    2016 thread: http://forums.moneysavingexpert.com/showthread.php?t=5369493
    2017 thread: http://forums.moneysavingexpert.com/showthread.php?t=5568097


    RULES:

    - This challenge starts on 1st January 2018 00:00 and finishes on 31st December 2018 23:59.
    - Everything saved MUST be done between these two dates.
    - Any interest gained during this challenge on your savings can be counted!


    Feel free to sign up but, please only sign up if you intend to go the distance - the thread tends to start off great and then people disappear

    Challenger List:
    001. slowlyfading - 10,000
    002. geoffers4 - 24,000
    003. Clare43 - 12,000
    004. george4064 - 12,000
    005. Dolly Rocker - 12,000
    006. ryath - 6,000
    007. Puddylove - 12,000
    008. bobobski - 14,000
    009. ToiletLicker - 20,000
    010. Westie983 - 12,000
    011. Lomcevak - 30,000
    012. Wanna Bee Free - 12,000
    013. tara747 - 12,000
    014. BBH123 - 10,000
    015. cathybird - 12,000
    016. fiisch - 6,000
    017. pearl123 - 1,600
    018. thewildrabbit - 12,000
    019. StarShapedPeg - 8,000
    020. CrabbitDutchie - 18,000
    021. itslulu - 12,000
    022. jessy-eve - 3,000
    023. try harder - 12,000
    024. Lolly88 - 12,000
    025. laurenturner - 7,000
    026. List Maker - 12,000
    027. letiss7 - 12,000
    028. fllsion - 12,000
    029. kindanice - 12,000
    030. _Amaryllis_ - 20,000
    031. darkidoe - 15,000
    032. vintagebrighton - 6,000


    CLICK HERE for the easy update form:
    https://docs.google.com/forms/d/e/1FAIpQLScO6GEcckTv1UKWIRgeRHXGddzp5OLED1jugdxOLZSq PMay0g/viewform
    CLICK HERE to see the total amounts so far:
    https://docs.google.com/spreadsheets/d/1HQ1v_cB_jreLxknL0KT-OyIM_PpmoUyI1Ucu_q565Dc/edit?usp=sharing
    Last edited by Westie983; 31-01-2018 at 9:15 PM.
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / April NSD - 13 / Ultimate Dream Fund - 21,044.14/306,000
Page 5
    • Karen's girl
    • By Karen's girl 27th Dec 17, 1:15 PM
    • 59 Posts
    • 279 Thanks
    Karen's girl
    Hello slowlyfading,

    Thank you for organising the challenge in 2017; I have been very motivated to save decent amounts of money in the past two years, thanks to this thread. Please put me down for 7,000 again in 2018. Cheers.
    _______________________________________________
    Current savings: 17,762.22
    Save 12k in 2016 #87: 6,326/6,000
    Save 12k in 2017 #28: 6,746.34/7,000
    Save 12k in 2018 #70: 1,758.31/7,000
    • Rainbowsandtea
    • By Rainbowsandtea 27th Dec 17, 4:07 PM
    • 9 Posts
    • 25 Thanks
    Rainbowsandtea
    Hi, please put me down for 12k.
    • Westie983
    • By Westie983 27th Dec 17, 5:21 PM
    • 4,283 Posts
    • 14,826 Thanks
    Westie983
    No potting from me...

    I have been spending money on a birthday meal, thats allowed right...

    Ill be back on it again tomorrow


    Westie983
    Save 12k in 2018 #10 Total (25,000)+10,000/12,000 = 83.33%
    Sealed Pot Challenge ~ 11 #97 Total (410) + 10/800 = 1.25% ( x 11)
    Xmas 2018 1 a Day #2 Total 62.59/365 = 17.14%
    Virtual Sealed Pot #1 Total 600/1,000 = 60.00%
    2 Savers Club 2018 #16 Total (1,500)+-486/2,000 = 50.70%

    Total 10,686.59/16,165 = 66.10%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • Wanna Bee Free
    • By Wanna Bee Free 27th Dec 17, 6:36 PM
    • 1,162 Posts
    • 10,563 Thanks
    Wanna Bee Free
    Hi Westie, after all your saving this year a birthday meal is definitely allowed! Happy Birthday!!
    Save 12K in 2018 #12 - 2,225/12,000
    Save 12K in 2017 #44 - 7,750/7,500 (103%)
    AFDs April 6/14 2018 23/150
    • Westie983
    • By Westie983 27th Dec 17, 9:35 PM
    • 4,283 Posts
    • 14,826 Thanks
    Westie983
    Hi Westie, after all your saving this year a birthday meal is definitely allowed! Happy Birthday!!
    Originally posted by Wanna Bee Free
    Thanks, its a horrible time to have it but at least all of the restaurants are still serving christmas meals.

    Westie983
    Save 12k in 2018 #10 Total (25,000)+10,000/12,000 = 83.33%
    Sealed Pot Challenge ~ 11 #97 Total (410) + 10/800 = 1.25% ( x 11)
    Xmas 2018 1 a Day #2 Total 62.59/365 = 17.14%
    Virtual Sealed Pot #1 Total 600/1,000 = 60.00%
    2 Savers Club 2018 #16 Total (1,500)+-486/2,000 = 50.70%

    Total 10,686.59/16,165 = 66.10%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • AWPTheo
    • By AWPTheo 28th Dec 17, 12:43 AM
    • 35 Posts
    • 61 Thanks
    AWPTheo
    Hiya,

    Can you please add me to save 2,400? I'm a student so twelve grand is a pipe dream and I also have some debts to pay off, but I think if I make some cut backs I can find 200 a month! I already have 450 in savings so it would be a really healthy pot by then!

    Thanks and Hi
    Debts Jan 2018: 0/1,200 personal loan, 118.29/605.71 CC/SC Savings Jan 2018: 450
    2018 Challenges: Save 12k in 2018 #72 - 60/2,400, Virtual Sealed Pot Challenge #17 15.61/100

    • bassking
    • By bassking 28th Dec 17, 4:47 AM
    • 6 Posts
    • 11 Thanks
    bassking
    Hi Slowlyfading, I'm trying to be a little more proactive this year with regards to saving and I think your thread is a great idea! Can you put me down for 6000 please.
    Cheers ! Bassking
    • Windofchange
    • By Windofchange 28th Dec 17, 7:25 PM
    • 716 Posts
    • 826 Thanks
    Windofchange
    Hi all,

    I'm pretty much at the end of my debt repayment journey at last, and ready to start building some savings. I have a few big expenditures coming up in 2018 - a trip to Vegas later in the year being one of them, so 12k isn't going to be realistic for me. If I could be sitting here with 6k to my name this time next year, that would make me very happy. Anything over that is a bonus. So, can I be added to the challenge with a 6,000 target.
    Debt Free by Xmas 2018 21.51% (350) of 1,626.91
    Save 6k by 31/12/2018 2263 / 6000
    • economic
    • By economic 28th Dec 17, 7:49 PM
    • 2,936 Posts
    • 1,577 Thanks
    economic
    Hi all,

    I'm pretty much at the end of my debt repayment journey at last, and ready to start building some savings. I have a few big expenditures coming up in 2018 - a trip to Vegas later in the year being one of them, so 12k isn't going to be realistic for me. If I could be sitting here with 6k to my name this time next year, that would make me very happy. Anything over that is a bonus. So, can I be added to the challenge with a 6,000 target.
    Originally posted by Windofchange
    Why can you only save 6k a year? What about your NHS pension? Do you not contribute to that along with the uk taxpayer as well (quite generously)?

    Savings should also include pension contributions.
    • Green-Beagle
    • By Green-Beagle 28th Dec 17, 7:58 PM
    • 6 Posts
    • 32 Thanks
    Green-Beagle
    Please sign me up for 12k. First-timer at this but I'm going to try my best. A grand a month how hard can it be?
    • tori.k
    • By tori.k 28th Dec 17, 9:37 PM
    • 3,155 Posts
    • 7,926 Thanks
    tori.k
    I will throw my hat into the ring if that's ok with a target of 6K. I'm going to try and reverse myself this year and put the savings away first rather than at the end of my pay month and see if I can stick to a stricter budget than I have been.
    Debit to Credit (stage 1) 3652.34 completed 15/10/16
    Debit to Credit (stage 2) 6299.09 completed 25/06/17
    Mortgage Free (stage 3) 140000/ 0
    Save 12k in 2018 #76 3000/6000
    • rawr_
    • By rawr_ 29th Dec 17, 2:08 PM
    • 116 Posts
    • 474 Thanks
    rawr_
    I would love to take part in this challenge for 2018! 12K is a bit of a stretch for me, so please put me down for 6K. We are planning on buying a house, so have a decent deposit saved already, but I want to start another pot for other things in the year. I'd like to start a family, and being the larger wage earner, I'd like to have a bit of money in a pot before we do so, so that I can have some comfortable maternity leave!

    I'll also not be counting my pension pot, as I like to forget about it as it's not something I can put towards anything (apart from retirement of course!).

    Time for a frugal 2018!!
    Debt March 2018: 11,859.12 | Current House Deposit: 18,132.02 | #77 Save 12K in 2018: 1374.23 / 6000
    Comp Wins 2018: Easter Tote Bag & Egg
    • IreneCWP
    • By IreneCWP 29th Dec 17, 10:08 PM
    • 20 Posts
    • 66 Thanks
    IreneCWP
    Having had the best part of ten years where I've been a master at geography with money, trying to deal with all sorts of issues, I think that 2018 may actually be the year where I end it without being in my overdraft! I'm hoping to actually start paying myself a wage from January, six months after starting my own business. I think that combining this along with a rental income we get (barring no house emergencies) should see me reach my target. I've never considered saving to a target like this but Im really motivated to give it a go. Thanks for setting up the challenge.
    2 Savers Club 2018 no 7 - 200 Target 52 of 200 so far

    12K in 2018 - 12000 Target 500 of 12000 so far

    1 a day Xmas 2018 - 400 Target 98 of 400 so far
    • agiaga
    • By agiaga 29th Dec 17, 10:22 PM
    • 163 Posts
    • 338 Thanks
    agiaga
    Put me down for 6k
    Anything more will be s bonus but very difficult to reach as have some credit cards to repay in 2018
    Make 2018 in 2018 #40 1543.01/2018
    Save 12k in 2018 #78 1,925.47/12k

    mortgage started 31st May 2011 -59200
    mortgage overpayment started July 2011
    • black taxi
    • By black taxi 30th Dec 17, 2:18 AM
    • 1,808 Posts
    • 6,324 Thanks
    black taxi
    hi slowly fading

    can you give me number 81

    2018 target 4200

    thx
    48515 interest 181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa 750
    credit union 300
    emergency fund5074
    #81 save 20184200
    • cathybird
    • By cathybird 30th Dec 17, 11:28 AM
    • 2,994 Posts
    • 11,332 Thanks
    cathybird
    hi all, gearing up for 2018, really looking forward to getting my teeth into the savings challenge again but I'm going to have an expensive January, think I will have to replace the boiler this coming month plus a couple of other household items have gone on the blink and I have nursed them over to 2018 so I could meet my savings target for 2017. So already I think it will be a big fat nil for January but that's life.
    No. 15 in Save 12K in 2018. 1,232.59/12,000
    2017: 12,978.51/12K 2016: 20,880.11/15K 2015: 25,464.86/10K
    Apr AFDs: 21/21. 2018 AFDs: 95/260. 2017: 306/252
    Mortgage 8/2/18: 30,626.56 27,608.93. Paid off: 3,017.63
    • AWPTheo
    • By AWPTheo 30th Dec 17, 3:36 PM
    • 35 Posts
    • 61 Thanks
    AWPTheo
    Related side note; one person has mentioned it, but what do you all think of saving at the start of the month vs saving at the end of it? Does saving on payday help? Or do you find yourselves withdrawing from your savings? Opinions?
    Debts Jan 2018: 0/1,200 personal loan, 118.29/605.71 CC/SC Savings Jan 2018: 450
    2018 Challenges: Save 12k in 2018 #72 - 60/2,400, Virtual Sealed Pot Challenge #17 15.61/100

    • stoozie1
    • By stoozie1 30th Dec 17, 3:43 PM
    • 535 Posts
    • 437 Thanks
    stoozie1
    Please could I join in with a target of 24k to include additions to SIPP?
    • slowlyfading
    • By slowlyfading 30th Dec 17, 9:49 PM
    • 12,914 Posts
    • 74,163 Thanks
    slowlyfading
    Just interest from savings accounts or can p2p interest count?

    I assume investment returns/losses don't count? but what about the govt bonus for LISA subscriptions?

    Thought I'd check before signing up as it will dramatically affect my target and I'd need to adjust how I track my 'savings'.
    Originally posted by TheShape
    It's up to you what you count I personally don't count investment returns/losses or dividend income, but it's up to you.
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / April NSD - 13 / Ultimate Dream Fund - 21,044.14/306,000
    • slowlyfading
    • By slowlyfading 30th Dec 17, 9:51 PM
    • 12,914 Posts
    • 74,163 Thanks
    slowlyfading
    - Would capital paid off mortgage count?
    - Would pension contributions count?
    Originally posted by Niv
    I don't count these but it's up to you
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / April NSD - 13 / Ultimate Dream Fund - 21,044.14/306,000
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