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  • FIRST POST
    • slowlyfading
    • By slowlyfading 5th Dec 17, 9:10 PM
    • 12,923Posts
    • 74,213Thanks
    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 / May NSD - 11 / Ultimate Dream Fund - £21,044.14/£306,000
Page 19
    • fiisch
    • By fiisch 4th Feb 18, 2:04 PM
    • 270 Posts
    • 144 Thanks
    fiisch
    February 2018 update for no.16, reporting £754.88 total savings.

    Just back from holiday but money for that had already been put aside, so had an otherwise good month due to impressive OT effort by my other half and no council tax to pay for this month.

    Have opened up an AA Savings Account at 1.32% interest to supplement the regular saver, and give us more flexibility with some of the cash going forwards. Continuing at £100 per month for now into regular saver, £654.88 into the AA.

    Hoping for a similar amount next month as wife did similar amount of OT (she's paid for OT a month in arrears), although I'm currently toying with the idea of some new car parts which may put a dent in this.....

    Wife works part-time (10 hours per week on a nightshift). She's looking to change to 7 hours per week (dayshift) as the swap between days and nights is tough, especially with a young baby, and the loss in income is offset by better quality of life, plus it'll make it easier to get some overtime in...
    Save £6k in 2018: £1651.19 / £6000
    • Tales17
    • By Tales17 4th Feb 18, 9:29 PM
    • 218 Posts
    • 2,213 Thanks
    Tales17
    I used to have Nationwide FlexDirect earning 5% on £2,500 which is now expired, is it possible to re-open this? If so how?
    Originally posted by george4064
    I had a 5% one when I first joined which I put £500 into every month, when that one matured I got to open another 5% one but could only put £250 a month into it. That ones matures in the summer so hoping there will be a similar option again! Have you logged on and looked at the saving accounts that are available to you? I opened a new easy access one yesterday to put my 1p a day challenge money into! X
    Grocery Challenge 2018 YTD-£2500.31/£7200(35%)
    Grocery Challenge May - £279.26/£600(47%)
    £12k in 2018 #117: Monthly Saving Accounts £3600, Cashback & Competition Sites £170.37, Shopping Saving £696.27, Selling £154.05, Interest & Dividends £92.74, Surveys £25, Tesco Vouchers £140, Save 1p a Day #24 £253.24
    Total Saved - £5109.01/£12000(43%)
    • george4064
    • By george4064 4th Feb 18, 9:45 PM
    • 936 Posts
    • 1,017 Thanks
    george4064
    I had a 5% one when I first joined which I put £500 into every month, when that one matured I got to open another 5% one but could only put £250 a month into it. That ones matures in the summer so hoping there will be a similar option again! Have you logged on and looked at the saving accounts that are available to you? I opened a new easy access one yesterday to put my 1p a day challenge money into! X
    Originally posted by Tales17
    Ive got the same regular saver open as you do. My question was actually about the FlexDirect current account...
    Last edited by george4064; 04-02-2018 at 9:50 PM.
    "If you arenít willing to own a stock for ten years, donít even think about owning it for ten minutesĒ Warren Buffett

    Save £12k in 2016 - #045 £10,358.81/£12,000 (86%)
    Save £12k in 2017 - #003 £12,427.51/£12,000 (104%)
    Save £12k in 2018 - #004 £3,330.20/£12,000 (28%)
    • Tales17
    • By Tales17 4th Feb 18, 10:31 PM
    • 218 Posts
    • 2,213 Thanks
    Tales17
    Ive got the same regular saver open as you do. My question was actually about the FlexDirect current account...
    Originally posted by george4064
    Ah right sorry mis read that! Pretty sure they only let you have that for one year, attraction for new customers and all that!

    Maybe worth looking into other accounts that offer a switching bonus if you are looking to change, not sure how many years you have to be away from a bank to be considered a new customer again to switch back!
    Grocery Challenge 2018 YTD-£2500.31/£7200(35%)
    Grocery Challenge May - £279.26/£600(47%)
    £12k in 2018 #117: Monthly Saving Accounts £3600, Cashback & Competition Sites £170.37, Shopping Saving £696.27, Selling £154.05, Interest & Dividends £92.74, Surveys £25, Tesco Vouchers £140, Save 1p a Day #24 £253.24
    Total Saved - £5109.01/£12000(43%)
    • SamSam17
    • By SamSam17 5th Feb 18, 1:52 PM
    • 65 Posts
    • 141 Thanks
    SamSam17
    Hello everyone.

    Finally got around to filling out the update form.

    #46 £1664/16000 for Jan (10%).

    Very happy with my start of this challenge

    All the best everyone.
    • Eco Miser
    • By Eco Miser 5th Feb 18, 5:15 PM
    • 3,444 Posts
    • 3,234 Thanks
    Eco Miser
    Ah right sorry mis read that! Pretty sure they only let you have that for one year, attraction for new customers and all that!

    Maybe worth looking into other accounts that offer a switching bonus if you are looking to change, not sure how many years you have to be away from a bank to be considered a new customer again to switch back!
    Originally posted by Tales17
    It used to be possible to downgrade the FlexDirect, then upgrade a year later, and get another year at 5%, but that's been stopped now. If you've ever had the 5% FlexDiect you won't get it again.
    Before you switch the Flex Direct, remember it entitles you to the Regular Saver at 5% on £250 a month (there are other ways to qualify)
    Eco Miser
    Saving money for well over half a century
    • Xenon
    • By Xenon 5th Feb 18, 5:28 PM
    • 78 Posts
    • 130 Thanks
    Xenon
    Xenon The Mighty

    Was not sure i was added but Jan : £1102
    • bobobski
    • By bobobski 5th Feb 18, 5:46 PM
    • 705 Posts
    • 1,620 Thanks
    bobobski
    £300 TSB 5% saver.
    Originally posted by baibelle
    Which account is this? TSB had a 5% monthly saver but I thought it had dropped down to 2% more than a year ago which would mean you couldn't be on a legacy 5% one?

    January 2018 Update. Bit fragmented at the moment because I just moved house, so have lots of new bills etc currently in progress of sorting out! Hopefully February onwards will be a lot more consistent.

    I have found myself quite short on ideas to put my savings. My Nationwide Regular Saving matured in January, and need a new home for it. I recently opened TSB Regular saver (only 2% interest) but still need more places to put them, I'm reluctant to put more into P2P as I already have a lot there and I can't seem to find the right account for me. Any advice appreciated.

    I used to have Nationwide FlexDirect earning 5% on £2,500 which is now expired, is it possible to re-open this? If so how?

    £658.10 saved, split as below:

    HTB ISA - £200
    RS - £250
    P2P - £208.10
    Originally posted by george4064
    I'm in the same boat as you George - both my First Direct and Nationwide regular savers are maturing this month so I'll have £10k and no direct debits to play with. I'll be putting some into my LISA but that will only take care of about £6k (topping up from help to buy ISA and covering next tax year too) so I'll still have £4k unallocated. I may stick it in my Nationwide loyalty saver for now until I see the advice people give you for your savings

    Such a good problem to have
    #8: Save 12k in 2018: £2,758.01 / £14,000 (19.70%) | #18: Save 12k in 2017: £12,078.82 / £12,000 (100.65%) | #86: Save £12k in 2016: £8,476.09 / £10,000 (84.76%)
    House deposit by 31/12/2020: £24,349.25
    / £60,000 (40.58%) | Emergency fund by 31/12/2020: £2,230 / £5,000 (44.60%)
    • stoozie1
    • By stoozie1 5th Feb 18, 6:44 PM
    • 549 Posts
    • 485 Thanks
    stoozie1
    @ecomiser, I've just received my 5% monthly interest with Nationwide for a flex direct, having had one for a year, closed it for a year and then applied again using 'recommend a friend'.
    Save 12 k in 2018 challenge member #79
    Target 2018: 24k Jan 2018- £560 April £2670
    • Eco Miser
    • By Eco Miser 5th Feb 18, 6:59 PM
    • 3,444 Posts
    • 3,234 Thanks
    Eco Miser
    @ecomiser, I've just received my 5% monthly interest with Nationwide for a flex direct, having had one for a year, closed it for a year and then applied again using 'recommend a friend'.
    Originally posted by stoozie1
    So you re-opened it before 13th January? Just got in in time then.
    See http://forums.moneysavingexpert.com/showthread.php?t=5727599
    Eco Miser
    Saving money for well over half a century
    • stoozie1
    • By stoozie1 5th Feb 18, 7:10 PM
    • 549 Posts
    • 485 Thanks
    stoozie1
    Thank you, I hadn't seen that.
    Save 12 k in 2018 challenge member #79
    Target 2018: 24k Jan 2018- £560 April £2670
    • Twiggy_34
    • By Twiggy_34 5th Feb 18, 9:40 PM
    • 659 Posts
    • 2,079 Thanks
    Twiggy_34
    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 2018 #040 £1000/£3000
    £2 Savers Club 2018 #027 TOTAL: £150 (2013-2017 = £1150)
    • Eco Miser
    • By Eco Miser 6th Feb 18, 3:41 PM
    • 3,444 Posts
    • 3,234 Thanks
    Eco Miser
    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
    • By Westie983 6th Feb 18, 11:37 PM
    • 4,333 Posts
    • 14,890 Thanks
    Westie983
    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
    Save 12k in 2018 #10 Total (£25,000)+£10,000/£12,000 = 83.33%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £40/£500 = 8.00% ( x 11)
    Xmas 2018 £1 a Day #2 Total £62.59/£365 = 17.14%
    Virtual Sealed Pot #1 Total £750/£1,000 = 75.00%
    £2 Savers Club 2018 #16 Total (£1,500)+-480/£2,000 = 51.00%

    Total £11,872.59/£15,865 = 74.83%

    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
    • vicki2221
    • By vicki2221 7th Feb 18, 12:20 PM
    • 62 Posts
    • 278 Thanks
    vicki2221
    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.
    • lightbulb0811
    • By lightbulb0811 7th Feb 18, 2:14 PM
    • 74 Posts
    • 348 Thanks
    lightbulb0811
    #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 2018 #90 £2618.03/£6000
    Sealed pot challenge #10 £105.47/200
    Weight Loss 13/60 lb challenge
    • cathybird
    • By cathybird 7th Feb 18, 5:01 PM
    • 3,040 Posts
    • 11,612 Thanks
    cathybird
    Afternoon all, no. 15 here reporting the grand total for January of £62.40 but I fully expected it to be nil for this month so I guess that's not a bad result. Onwards and upwards!
    No. 15 in Save 12K in 2018. £2,437.63/£12,000
    2017: £12,978.51/£12K 2016: £20,880.11/£15K 2015: £25,464.86/£10K
    May AFDs: 18/21. 2018 AFDs: 118/260. 2017: 306/252
    Mortgage 8/2/18: £30,626.56 £27,608.93. Paid off: £3,017.63
    • Twiggy_34
    • By Twiggy_34 7th Feb 18, 10:10 PM
    • 659 Posts
    • 2,079 Thanks
    Twiggy_34
    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.
    Originally posted by Eco Miser
    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 2018 #040 £1000/£3000
    £2 Savers Club 2018 #027 TOTAL: £150 (2013-2017 = £1150)
    • Tales17
    • By Tales17 8th Feb 18, 8:15 PM
    • 218 Posts
    • 2,213 Thanks
    Tales17
    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!
    Grocery Challenge 2018 YTD-£2500.31/£7200(35%)
    Grocery Challenge May - £279.26/£600(47%)
    £12k in 2018 #117: Monthly Saving Accounts £3600, Cashback & Competition Sites £170.37, Shopping Saving £696.27, Selling £154.05, Interest & Dividends £92.74, Surveys £25, Tesco Vouchers £140, Save 1p a Day #24 £253.24
    Total Saved - £5109.01/£12000(43%)
    • Solgate
    • By Solgate 8th Feb 18, 8:47 PM
    • 13 Posts
    • 25 Thanks
    Solgate
    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
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