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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 28
    • Gem-gem
    • By Gem-gem 16th Apr 18, 9:17 PM
    • 2,824 Posts
    • 8,336 Thanks
    Gem-gem
    250 placed into my regular saver.
    150 placed into isa
    Total 400

    1880 + 400 = 2280
    2 Savers Club 2018 no 1 - 500 +
    Save 12k in 2018 no. 56 - Jan 2280/6,000
    • vintagebrighton
    • By vintagebrighton 17th Apr 18, 4:36 PM
    • 552 Posts
    • 1,681 Thanks
    vintagebrighton
    #32 ~ 2000

    Sorry for the lack of updating. I've been saving though and have 2k which is 500 a month for Jan - April. Now things have settled back down I'll be able to check in properly.

    Quick question if anyone who uses YNAB can help? Would it be suitable for someone who has erratic cash flow?

    Thanks

    VB x
    Australia (1% Challenge #6) ~ 66/100
    Weight Loss Challenge ~ 0/42
    Save 12k in 2018 #32 ~ 2000/6000
    • Westie983
    • By Westie983 17th Apr 18, 6:27 PM
    • 4,333 Posts
    • 14,890 Thanks
    Westie983
    #32 ~ 2000

    Quick question if anyone who uses YNAB can help? Would it be suitable for someone who has erratic cash flow?

    Thanks

    VB x
    Originally posted by vintagebrighton
    Yes as you only budget with money you have got, so having a erratic cash flow is okay as you just balance the available to budget with the budget catagories.

    Actually those with eratic cash flow are the ones that appreciate YNAB as they no longer look at their bank balances but their budget and forces you to cover your bills first, (which wouldn't know what you are short by and need to keep aside) if you were just looking at balance at each payday/funds to be budgeted.

    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
    • Merlin's Beard
    • By Merlin's Beard 17th Apr 18, 7:30 PM
    • 153 Posts
    • 1,413 Thanks
    Merlin's Beard
    #32 ~ 2000

    Sorry for the lack of updating. I've been saving though and have 2k which is 500 a month for Jan - April. Now things have settled back down I'll be able to check in properly.

    Quick question if anyone who uses YNAB can help? Would it be suitable for someone who has erratic cash flow?

    Thanks

    VB x
    Originally posted by vintagebrighton
    I would agree with Westie - if you have erratic income, then YNAB will try and get you to a point where that doesn't matter - I'm salaried, but I still appreciate the fact that things like car insurance, Christmas etc are 'paid for' over 12 months instead of covering it with just the month they occur in and crossing my fingers that this month's money is enough!
    • vintagebrighton
    • By vintagebrighton 18th Apr 18, 12:38 PM
    • 552 Posts
    • 1,681 Thanks
    vintagebrighton
    Thank you both. I'm hoping to free up a bit of head space by not having to remember payments in and out over several bank accounts! I'll check it out

    VB x
    Australia (1% Challenge #6) ~ 66/100
    Weight Loss Challenge ~ 0/42
    Save 12k in 2018 #32 ~ 2000/6000
    • Westie983
    • By Westie983 18th Apr 18, 1:30 PM
    • 4,333 Posts
    • 14,890 Thanks
    Westie983
    If it helps I have around 40 accounts on my YNAB, which means each account I can see how much I need in the account to cover the DD's and each time I have money, I fund each account going down, (*I have them listed in date order of DD's) so I cover DD in accounts that pay out on the 22nd after payday, and then I know I can cover the 1st Bills by the tax credit payment I get later on in the month.

    Any questions Ill try to help

    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
    • excelwizard
    • By excelwizard 18th Apr 18, 7:19 PM
    • 23 Posts
    • 130 Thanks
    excelwizard
    894.37 saved for March - form submitted

    total so far - a measley 63.25....

    however on the bright side my totals are looking good for April so I will finally start making some progress
    GOAL: Save 25,000 - current total 17,400
    Save 12k in 2017 #186 - 8,507.30 / 10,000
    Save 12K in 2018 #113 - 2951.16 / 6,000
    • CavendishWobble
    • By CavendishWobble 20th Apr 18, 11:21 AM
    • 34 Posts
    • 67 Thanks
    CavendishWobble
    Saved a wooping 1,789 this month! Helped largely by Natwest & First Direct switching incentives.

    My removal of takeaways and eating out so much has saved me loads more than i did previously!

    Total for the year so far 5,913.96
    Save 12k in 2018 = 7,595.93/15,000 (50.64%) #36
    Virtual Sealed Pot = 119.55/200 #11
    Sealed Pot Challenge 2018 #19
    1 a Day Challenge = 282.18/668

    Starting: Jan'17: 33,729
    • BBH123
    • By BBH123 20th Apr 18, 2:05 PM
    • 660 Posts
    • 1,196 Thanks
    BBH123
    Hi Everyone


    #14 Reporting 2186 for April please


    Good luck all
    Save 12k in 2018 challenge #14
    3700/ 10000

    Saving for Christmas 2018 - 1 a day challenge
    #15 120/365
    • Karen's girl
    • By Karen's girl 21st Apr 18, 9:47 AM
    • 59 Posts
    • 282 Thanks
    Karen's girl
    #70 declaring 350 for April.....
    _______________________________________________
    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
    • Westie983
    • By Westie983 23rd Apr 18, 4:47 AM
    • 4,333 Posts
    • 14,890 Thanks
    Westie983
    Reporting 2500 this month,

    I have had two switching incentives that I have included this month, and I have had two maturing Regular Savers, so I will expect next month to be less as I have a few more maturing.

    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
    • Tales17
    • By Tales17 23rd Apr 18, 12:02 PM
    • 218 Posts
    • 2,213 Thanks
    Tales17
    Just under 50 saved this week, will update final total next week when my direct debit savings have moved across
    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%)
    • Dot Cotton
    • By Dot Cotton 24th Apr 18, 7:37 AM
    • 10 Posts
    • 43 Thanks
    Dot Cotton
    !!!8364;1000 saved for April. Total of !!!8364;4000 now yay :-)
    • Owen1991
    • By Owen1991 26th Apr 18, 9:59 PM
    • 49 Posts
    • 90 Thanks
    Owen1991
    should I count my bonus from LISA as savings? Got it paid in today
    12k in 2018 - 4250/12000 ~ #101 | Sealed Pot Challenge 2018 ~ #44
    12750 in Lifetime ISA
    • excelwizard
    • By excelwizard 26th Apr 18, 10:05 PM
    • 23 Posts
    • 130 Thanks
    excelwizard
    787.91 saved this month - total so far 851.16

    Realistically I think I'm going to have to lower my target for the year so that I'm not setting myself up to fail

    Owen1991 I'm not including my LISA bonus for now as I'm tracking how much I can save out of my payslip but who knows...I may add it to my total for the end of the year if my saving goes awfully
    GOAL: Save 25,000 - current total 17,400
    Save 12k in 2017 #186 - 8,507.30 / 10,000
    Save 12K in 2018 #113 - 2951.16 / 6,000
    • Suffolk lass
    • By Suffolk lass 26th Apr 18, 10:14 PM
    • 1,971 Posts
    • 20,630 Thanks
    Suffolk lass
    Managed a bit more this month, but still miscalculated so that both current accounts will incur small overdraft charges next month. Frustrating!
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save 12k in 2018 #53 - after March 19.96% 1,996.19/10,000 5.04% behind
    OS Grocery Challenge 2018 spent 721.33/3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Owen1991
    • By Owen1991 26th Apr 18, 10:21 PM
    • 49 Posts
    • 90 Thanks
    Owen1991
    787.91 saved this month - total so far 851.16

    Realistically I think I'm going to have to lower my target for the year so that I'm not setting myself up to fail

    Owen1991 I'm not including my LISA bonus for now as I'm tracking how much I can save out of my payslip but who knows...I may add it to my total for the end of the year if my saving goes awfully
    Originally posted by excelwizard

    I was thinking the same, I'm not including tax relief on my SIPP but feel like this is slightly different. Hmmm I'll have a think anyway.
    12k in 2018 - 4250/12000 ~ #101 | Sealed Pot Challenge 2018 ~ #44
    12750 in Lifetime ISA
    • Merlin's Beard
    • By Merlin's Beard 27th Apr 18, 10:36 AM
    • 153 Posts
    • 1,413 Thanks
    Merlin's Beard
    I'm including LISA bonus, interest on bank accounts, cashback etc despite those all being "free extra" money... every 1 I get through those sorts of things gives me an extra 1 to put towards the house deposit, which is the big savings goal at the minute, so for me it feels right to do so.

    (But not pension relief on the SIPP, because there's not much I can do with that for the next 50 years).

    I guess it depends how close you are to a house purchase as to how relevant the LISA bonus is to your savings goals - if it's a "maybe in 10 years" probably a lot less relevant than it is to me?
    • rawr_
    • By rawr_ 27th Apr 18, 11:55 AM
    • 118 Posts
    • 478 Thanks
    rawr_
    Nothing saved this month unfortunately and I anticipate not much saved next month either - but then should pick up as my husband will start paying in some money to my savings account to help out! It's slow going at the moment.
    Debt March 2018: 11,529.70 | Current House Deposit: 18,732.02 | #77 Save 12K in 2018: 1374.23 / 6000
    Comp Wins 2018: Easter Tote Bag & Egg
    • Owen1991
    • By Owen1991 28th Apr 18, 12:08 AM
    • 49 Posts
    • 90 Thanks
    Owen1991
    No. 101 - 2050 saved this month, decided to include my LISA bonus as it is a part of my short term savings.
    12k in 2018 - 4250/12000 ~ #101 | Sealed Pot Challenge 2018 ~ #44
    12750 in Lifetime ISA
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