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  • FIRST POST
    • slowlyfading
    • By slowlyfading 5th Dec 17, 9:10 PM
    • 12,959Posts
    • 74,436Thanks
    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 / Sept NSD - 13 / In pursuit of FIRE
Page 27
    • bioboybill
    • By bioboybill 3rd Apr 18, 10:04 AM
    • 3,029 Posts
    • 1,419 Thanks
    bioboybill
    No. 119 reporting on the face of it a measly £177.91 for March, with update sheet filled in. Although a very small total, I am extremely pleased, because we had a two week walking holiday in Spain to pay for, and we built up a big credit card bill during the 2 weeks, which I paid off as soon as we got back. I expected a large negative figure this month, but fortunately I got some rare overtime and some other extra pay, which helped bring in a small positive instead.


    I am expecting the next 2 months to be quite tough too, as we're doing the Coast to Coast walk in May and that has to be paid for, but my wife stopped working at the end of last July, so should be owed about £600 in tax back. It depends when she gets that.


    Anyway, Happy Days for now!
    • imajica37
    • By imajica37 3rd Apr 18, 1:12 PM
    • 145 Posts
    • 616 Thanks
    imajica37
    I have £572 to add for March.
    Save £6,000 in 2018 #61: £5,733 / £6,000
    • Clare43
    • By Clare43 4th Apr 18, 2:54 PM
    • 81 Posts
    • 156 Thanks
    Clare43
    Hello Number 3 reporting £1702.10 saved for March

    Hi slowlyfading - while sorting this months figures I realised I left something off last month. Could you please change my February figure to £4723.04. Can I please also increase my yearly target to £18000. Many thanks
    Last edited by Clare43; 04-04-2018 at 2:59 PM.
    Save 12K in 2018. Number 3
    • KeepOnKnitting
    • By KeepOnKnitting 4th Apr 18, 4:28 PM
    • 170 Posts
    • 255 Thanks
    KeepOnKnitting
    Having not saved anything in February, (in fact I went quietly backwards and then made it forwards again) I have made a strange saving in March. I have moved my rent date back in my accounts from the 1st of the month to the last day of the month. I paid my rent twice in March, meaning that from April onwards my rent money will sit in my account for a whole month, rather just until the next day.

    Form completed.
    Save £12k in 2018 #62
    • slowlyfading
    • By slowlyfading 4th Apr 18, 9:22 PM
    • 12,959 Posts
    • 74,436 Thanks
    slowlyfading
    Is it ok to join?
    Originally posted by CosmicZebra
    Of course! Your challenge number is 142
    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 / Sept NSD - 13 / In pursuit of FIRE
    • slowlyfading
    • By slowlyfading 4th Apr 18, 9:25 PM
    • 12,959 Posts
    • 74,436 Thanks
    slowlyfading
    Spreadsheet updated
    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 / Sept NSD - 13 / In pursuit of FIRE
    • Alarae
    • By Alarae 5th Apr 18, 9:38 AM
    • 327 Posts
    • 336 Thanks
    Alarae
    #58 (somehow) declaring £1,145.45 for March!

    Had an extra boost last month as I had five weekly paydays from the second job, so an extra £100 or so in the kitty. Some expenses I expected to pay for ended up going on the joint account, so didn't impact the personal savings.

    Currently at a challenge total of £3,181.65, which is above my £1,000 average aim. April is the last month I can save that much as I should be completing on the new house next month- with a higher mortgage to boot

    Despite depleting my savings for the move I will start again, as the next aim is an all-out holiday in Canada for March 2019, from savings only. My savings power will reduce to about £700 a month from May, but I will still aim to hit target!
    Save 10k in 2018: #58

    £4,111.44 / £10,000 - 41.11%
    • Karen's girl
    • By Karen's girl 5th Apr 18, 11:30 AM
    • 66 Posts
    • 300 Thanks
    Karen's girl
    #70 declaring £350 for March. Less than I usually manage to save, due to a holiday, but we all need to enjoy ourselves too, eh.
    _______________________________________________
    Current savings: £19,137.22
    Save 12k in 2016 #87: £6,326/£6,000
    Save 12k in 2017 #28: £6,746.34/£7,000
    Save 12k in 2018 #70: £3,133.31/£7,000
    • Tales17
    • By Tales17 6th Apr 18, 2:51 PM
    • 238 Posts
    • 2,390 Thanks
    Tales17
    Added in the final totals for March to get £1218.33 so doing well with target, just about to do spreadsheet update! x
    Grocery Challenge 2018 YTD-£3747.45/£7200(56%)
    Grocery Challenge July - £562.75/£600(94%)
    £12k in 2018 #117: Monthly Saving Accounts £6300, Cashback & Competition Sites £265.90, Shopping Saving £996.58, Selling £338.07, Interest & Dividends £139.98, Surveys £25, Tesco Vouchers £140, Save 1p a Day #24 £386.43
    Total Saved - £8591.96/£12000(72%)
    • george4064
    • By george4064 6th Apr 18, 5:45 PM
    • 1,019 Posts
    • 1,071 Thanks
    george4064
    £1,199.41 saved in February!

    ISA portfolio was down -2.2% in February, just a small bump on a very long-term track.

    HT ISA - £200
    P2P - £165.36
    Other cash accounts - £834.05

    Submitting my February amount now.
    Originally posted by george4064
    £926.83 saved in March.

    I took out a credit card with a promotional 30 month 0% interest in January, and I've been thinking of how to include this within my overall savings. I have decided to have a new column for the credit card and update a negative value each month. For January and February's figures were a bit inflated as I had not been factoring in this 'free' money I was borrowing. Would be interested to hear if/how anyone else factors in debts such as this into the savings spreadsheet?

    This month is also going to be overstated (and look like it doesnt all add-up), whereas next month will be back to normal!

    TSB RS - £250
    HTB ISA - £200
    P2P - £1,047.23
    Last edited by george4064; 06-04-2018 at 6:18 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 £4,457.62/£12,000 (37%)
    • lindez
    • By lindez 6th Apr 18, 8:10 PM
    • 284 Posts
    • 1,047 Thanks
    lindez
    thank you
    Thank you Tales10 I will look it up now
    • lindez
    • By lindez 6th Apr 18, 8:14 PM
    • 284 Posts
    • 1,047 Thanks
    lindez
    thank you
    2000 please and thank you for adding me. Sorry I tried to reply to your thread but I can,t seem to add to it apologies
    • Tales17
    • By Tales17 6th Apr 18, 8:40 PM
    • 238 Posts
    • 2,390 Thanks
    Tales17
    2000 please and thank you for adding me. Sorry I tried to reply to your thread but I can,t seem to add to it apologies
    Originally posted by lindez
    You can't reply direct to a message but if you press the "Quote" button on the post you want to reply to, it adds the post you were replying to in the message

    Also if you want to add a signature at the bottom to track everything, go to User CP in the menu at the top, then you can select "Edit Signature" on the left hand side menu

    Here is the link to the penny saving forum thread:
    http://forums.moneysavingexpert.com/showthread.php?t=5765534&page=6

    And the latest grocery challenge if you are interested:
    http://forums.moneysavingexpert.com/showthread.php?t=5812342&page=7

    Enjoy!
    Grocery Challenge 2018 YTD-£3747.45/£7200(56%)
    Grocery Challenge July - £562.75/£600(94%)
    £12k in 2018 #117: Monthly Saving Accounts £6300, Cashback & Competition Sites £265.90, Shopping Saving £996.58, Selling £338.07, Interest & Dividends £139.98, Surveys £25, Tesco Vouchers £140, Save 1p a Day #24 £386.43
    Total Saved - £8591.96/£12000(72%)
    • lindez
    • By lindez 7th Apr 18, 7:35 PM
    • 284 Posts
    • 1,047 Thanks
    lindez
    If you look up Save a Penny a Day in the forums, it is another saving goal where you put away 1p extra each day so 1st January 1p, 2nd January 2p, etc all the way up to £3.65 31st December. The idea is that you won't miss the extra money if you keep putting it away each day.

    That is the theory but lots of people do it different ways, I do a week of small amounts and then a week of large amounts otherwise by the time it gets to December you are needing £20+ a week which might be tight at xmas time!

    I hve created a saving account to store it but some people do money in a jar, idea is that by the end of the year you have £600+ to either spend on xmas or just a nice little saving pot to continue!
    Originally posted by Tales17
    Thank you so much, I have just learned how to reply to a post. I found the 1p a day challenge
    • daveyjones95
    • By daveyjones95 8th Apr 18, 1:48 AM
    • 6 Posts
    • 36 Thanks
    daveyjones95
    Wasn't able to save anything for the first two months of the year unfortunately, but managed to save £1200 for March. Hopefully will just continue going up from here!
    Save 10k 2017 - £1200/£10,000
    • bobobski
    • By bobobski 8th Apr 18, 1:17 PM
    • 713 Posts
    • 1,665 Thanks
    bobobski
    A bizarrely good month for me with £1,300 saved. I say bizarrely as I went on holiday for a week and spent more than I should/I budget for in my "fun" categories as well. The savings were boosted by interest being paid on my help to buy ISA but I'm not sure how I managed the rest!

    Onwards and upwards for April. With a week of it having been spent from and accounted for in the "holiday" category, I'm hoping to stay in budget in my normal categories this month as I've still allocated a whole month's amount to each of them. Fingers crossed!

    (Do we get some sunshine now?!)
    #8: Save 12k in 2018: £5,587.22 / £10,000 (55.87%) | #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: £26,148.46
    / £60,000 (43.58%) | Emergency fund by 31/12/2020: £2,560 / £5,000 (51.20%) | "New" car fund: £700 / £6,000 (11.66%)
    • Solgate
    • By Solgate 8th Apr 18, 9:20 PM
    • 13 Posts
    • 25 Thanks
    Solgate
    £400 for. Not much to write home about! Hoping for better next month!!
    no 84 save 12,000 in 2018. target 8000
    • MastG
    • By MastG 11th Apr 18, 10:47 PM
    • 70 Posts
    • 37 Thanks
    MastG
    Just updated Aprils contribution.
    boosted by being paid twice for overtime yahay
    April £3100, but next month will be lower
    (If I tell them of the over payment :O? )


    Gary


    target £20,000 so far £8,500
    • Tales17
    • By Tales17 15th Apr 18, 10:01 AM
    • 238 Posts
    • 2,390 Thanks
    Tales17
    Have added about £50 this week through shopping savings and 1p a Day Saving Challenge, main savings will be into accounts at the end of the month
    Grocery Challenge 2018 YTD-£3747.45/£7200(56%)
    Grocery Challenge July - £562.75/£600(94%)
    £12k in 2018 #117: Monthly Saving Accounts £6300, Cashback & Competition Sites £265.90, Shopping Saving £996.58, Selling £338.07, Interest & Dividends £139.98, Surveys £25, Tesco Vouchers £140, Save 1p a Day #24 £386.43
    Total Saved - £8591.96/£12000(72%)
    • MERFE
    • By MERFE 15th Apr 18, 10:25 AM
    • 1,884 Posts
    • 5,913 Thanks
    MERFE
    April has been a better month £604.54 total savings. I also received a £500 gift which went straight into savings but I am not counting that as I want to know at the end of the year how much we have actually saved. Got some interest coming in May and June so they should be good months and July has an extra pay week. Been away with the kids and spent a grand total of £20 bargain (we were treated to some days out by friends) but I am keeping the extra left in my account for now instead of transferring to savings because we need oil.
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