The "Save 12k in 2018" Thread!

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  • Twiggy_34
    Twiggy_34 Posts: 685 Forumite
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    My flexdirect 5% says it'll pay 1% after the first 12 months which is fine as I'll use it as my float account as it will pay higher than my other side accounts do. What I don't know is whether I still have to make sure I transfer £1k in every month to keep that rate. Does anyone know?
    £12k in 2019 #084 £3000/£3000
    £2 Savers Club 2019 #18 TOTAL:£394 (2013-2018 = £1542)
  • Eco_Miser
    Eco_Miser Posts: 4,708 Forumite
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    To get any interest on a FlexDirect you must pay in £1000 each month from an external account.

    If you don't care about the interest, but want to keep the FlexDirect to qualify for the 5% regular saver you don't need to pay anything in.
    Eco Miser
    Saving money for well over half a century
  • Westie983
    Westie983 Posts: 5,213 Ambassador
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    Im still here ladies and gents,

    having a low time, a relationship ended this week, I am still off work sick and finding my pain is getting worse. Soooo

    I haven't left the flat for a few days, so I haven't spent anything so no pennies have been spent or crossed my palms but I am need of food so I need to venture out soon.

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income 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 MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • vicki2221
    vicki2221 Posts: 165 Forumite
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    Hello! I have just discovered this thread and it is just what I was looking for to keep myself motivated. I decided to aim for £7000 savings this year and just submitted my form. I think I can save between £500 to £1000 per month for the first part of this year, but then we are hopefully moving house with larger mortgage payment so then I think it will be £500 max.
    I have set a budget for the month and put all the pots of cash for each category into plastic envelopes and feel very organised and determined! Good luck everyone.
    Save £12k in 2018 #130 - £1200/£7,000
  • lightbulb0811
    lightbulb0811 Posts: 93 Forumite
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    #90 reporting £1117.10 for January. I've updated my signature to include £1000 for February but will send and update on this with any other savings at the end of the month.
    Save £12k in 2019 #111 £440.39/£4000
    Sealed pot challenge #5 £153.59/250
    Weight Loss 28/60 lb challenge
  • cathybird
    cathybird Posts: 13,327 Forumite
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    Afternoon all, no. 15 here reporting the grand total for January of £62.40 :rotfl:but I fully expected it to be nil for this month so I guess that's not a bad result. Onwards and upwards! :)
    In April I am taking a break from buying: Books
  • Twiggy_34
    Twiggy_34 Posts: 685 Forumite
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    Eco_Miser wrote: »
    To get any interest on a FlexDirect you must pay in £1000 each month from an external account.

    If you don't care about the interest, but want to keep the FlexDirect to qualify for the 5% regular saver you don't need to pay anything in.

    Thanks for confirming what I suspected, it won't be a problem continuing with a £1k money shift every month to retain the 1%. Once my 2 current regular savers mature (one this month and one next month) I should have sufficient funds to re open them and go for the Nationwide one as well, giving me 3 RS's running at the same time.
    £12k in 2019 #084 £3000/£3000
    £2 Savers Club 2019 #18 TOTAL:£394 (2013-2018 = £1542)
  • Tales17
    Tales17 Posts: 257 Forumite
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    Weekly update from me!

    - Got a £25 Amazon Voucher from Pinecone Survey Account so added that in for surveys

    - Won £5 in a free online site this week but waiting for the money to go into my account before I count that one! :)

    - Used £70 Tesco Vouchers to pay for RAC Membership, saving me £140.

    - £14.76 saved in Penny a Day Challenge

    - £41.77 in Shopping Savings

    Off on holiday next week so enjoy your week everyone! :D
    Grocery Challenge 2019 YTD-£820.46/£7200(11%)
    Grocery Challenge Feb - £93.10/£600(16%)
    £12k in 2019 #: Monthly Saving Accounts £500, Cashback & Competition Sites £2.59, Shopping Saving £152.09,Selling £121.26, Interest & Dividends £43.93, Surveys £0, 365 Day Penny Challenge # £103.44
    Total Saved - £923.31/£12000(8%)
  • Solgate
    Solgate Posts: 13 Forumite
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    Bit late from me I!!!8217;m afraid. Total for jan was £2150. Good start to the year but being a musician Christmas is a bumper month work wise. The rest of the year won!!!8217;t be anything like that!!
    no 84 save 12,000 in 2018. target 8000
  • Suffolk_lass
    Suffolk_lass Posts: 9,345 Forumite
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    Westie983 wrote: »
    Im still here ladies and gents,

    having a low time, a relationship ended this week, I am still off work sick and finding my pain is getting worse. Soooo

    I haven't left the flat for a few days, so I haven't spent anything so no pennies have been spent or crossed my palms but I am need of food so I need to venture out soon.

    Westie983

    :( Sorry to hear you are feeling low Westie - feel free to have a bit of a vent or outpouring if you want to :mad:- there is always support for you here :grouphug:
    Save £12k in 2024 - #2 target is £5000 only £798.34 so far
    OS Grocery Challenge 2024 31.1% spent or £932.98/£3,000 annual
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My Debt Free Diary Get a grip Woman
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