Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • slowlyfading
    • By slowlyfading 5th Dec 17, 9:10 PM
    • 12,946Posts
    • 74,346Thanks
    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 / Aug NSD - 6 / Ultimate Dream Fund - £25,646.36/£306,000
Page 37
    • lightbulb0811
    • By lightbulb0811 5th Aug 18, 6:21 PM
    • 78 Posts
    • 355 Thanks
    lightbulb0811
    I've been rubbish at keeping up to date with this - just posted an update of £681.52 saved over the last couple of months.
    Save £12k in 2018 #90 £4500/£6000
    Sealed pot challenge #10 £162.96/200
    Weight Loss 18/60 lb challenge
    • HustleGang
    • By HustleGang 5th Aug 18, 10:14 PM
    • 22 Posts
    • 27 Thanks
    HustleGang
    Not sure if it has been updated but £922.25 for July please

    Number 145
    • bobobski
    • By bobobski 6th Aug 18, 9:05 AM
    • 712 Posts
    • 1,650 Thanks
    bobobski
    A very expensive month over here for July, with things like parts of the holiday to pay for as well as organising and starting to pay for a friend's stag do. Looking on the bright side, I still managed to save something - £580.18 for me for July.


    August and September will be hard for me with a changeover of jobs coming up with several weeks' gap, a change in pay day and a holiday coming up - realistically my target for August is not to dip into savings rather than actually to save something!


    Will re-assess once this bumpy part of the road is cleared.


    Thanks as ever to SF and all the Save 12k-ers for keeping me accountable!
    #8: Save 12k in 2018: £5,552.14 / £10,000 (55.52%) | #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: £26,113.38
    / £60,000 (43.52%) | Emergency fund by 31/12/2020: £2,560 / £5,000 (51.20%) | "New" car fund: £700 / £6,000 (11.66%)
    • darkidoe
    • By darkidoe 7th Aug 18, 1:22 AM
    • 951 Posts
    • 1,100 Thanks
    darkidoe
    Reporting £2415.10 for July! I realise doing this challenge that from month to month, your savings rate can vary a lot depending on holidays, big once off expenses, etc, etc. It is not easy to keep a steady constant figure monthly. Erratic numbers are perhaps not a best sign for a saver. I might just be a binge spender after all.

    Save 12K in 2018 #31 0/15 000
    Save 12K in 2017 # 9 £15,848.84/15 000 (105.65%) Achieved!
    Save 12K in 2016 # 8 £19 721.58/12 000 (164.35%) Achieved!
    • darkidoe
    • By darkidoe 7th Aug 18, 1:30 AM
    • 951 Posts
    • 1,100 Thanks
    darkidoe
    Is Sussex in London?
    Originally posted by george4064
    Does it have to be London?

    And I think you shouldn't be re-calibrating. Having a target we fail to achieve might be useful to learn about how awkward plans might screw up our own ambitious plans or perhaps overestimating our abilities to save. Perhaps we might learn more about why people fail to achieve targets than about people easily achieving their targets.

    As Charlies Munger once said, Always Invert!

    Save 12K in 2018 #31 0/15 000
    Save 12K in 2017 # 9 £15,848.84/15 000 (105.65%) Achieved!
    Save 12K in 2016 # 8 £19 721.58/12 000 (164.35%) Achieved!
    • george4064
    • By george4064 7th Aug 18, 8:04 AM
    • 1,010 Posts
    • 1,060 Thanks
    george4064
    Does it have to be London?

    And I think you shouldn't be re-calibrating. Having a target we fail to achieve might be useful to learn about how awkward plans might screw up our own ambitious plans or perhaps overestimating our abilities to save. Perhaps we might learn more about why people fail to achieve targets than about people easily achieving their targets.

    As Charlies Munger once said, Always Invert!
    Originally posted by darkidoe
    It doesnít HAVE to be in London, but things would have to change if I moved out of London. My social life, sports I play and would mean longer commute to work.
    "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%)
    • Karen's girl
    • By Karen's girl 9th Aug 18, 1:07 AM
    • 65 Posts
    • 295 Thanks
    Karen's girl
    #70 declaring £225 for August.....
    _______________________________________________
    Current savings: £18,912.22
    Save 12k in 2016 #87: £6,326/£6,000
    Save 12k in 2017 #28: £6,746.34/£7,000
    Save 12k in 2018 #70: £2,908.31/£7,000
    • slowlyfading
    • By slowlyfading 12th Aug 18, 9:55 PM
    • 12,946 Posts
    • 74,346 Thanks
    slowlyfading
    Hi,

    I think I initially signed up but life happened and I wasnít able to save/update. Can I please have a second chance and start with the aim to save £6,000 by 31 December 2018?

    If so, then Iíve managed £1,050 in July !!!128588;!!!127998;
    Originally posted by Sassysaver7
    Not too late! Your challenger number is 147
    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 / Aug NSD - 6 / Ultimate Dream Fund - £25,646.36/£306,000
    • slowlyfading
    • By slowlyfading 12th Aug 18, 9:57 PM
    • 12,946 Posts
    • 74,346 Thanks
    slowlyfading
    Spreadsheet updated - sorry for the delay
    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 / Aug NSD - 6 / Ultimate Dream Fund - £25,646.36/£306,000
    • Gem-gem
    • By Gem-gem 15th Aug 18, 9:47 AM
    • 2,883 Posts
    • 8,564 Thanks
    Gem-gem
    Good morning one and all,
    Amount saved this month:
    250 into a regular saver
    500 into an easy access isa (will need this money early next year)
    16 interest
    Total £766
    Total for the year: £4096
    £2 Savers Club 2018 no 1 - £500 +
    Save £12k in 2018 no. 56 - Jan £4096/£6,000
    • Dura
    • By Dura 15th Aug 18, 10:30 AM
    • 4 Posts
    • 3 Thanks
    Dura
    Can you sign me up please?
    • Tales17
    • By Tales17 16th Aug 18, 8:49 PM
    • 238 Posts
    • 2,384 Thanks
    Tales17
    So added £1053.17 for July, just updated the spreadsheet - chaos since the holidays started so just found some time for an update!

    We also bought a car so some savings have been taken out but I am not removing anything from this challenge as we have saved it before spending it so it shows what we have saved over the year, not including any outgoings!
    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%)
    • bobobski
    • By bobobski 17th Aug 18, 10:08 AM
    • 712 Posts
    • 1,650 Thanks
    bobobski
    Mid-month update from me - things are SO expensive with holiday coming up next week, a friend's wedding that's costing me a fortune and a few fairly expensive medical-type bills - and I'm only receiving about half pay for two months due to the job move. Trying reeeeally hard not to dip into my savings so I'm moving money about in my budget like nobody's business! The idea of reporting a negative number here is keeping me accountable though, so thank you guys for keeping me honest!
    #8: Save 12k in 2018: £5,552.14 / £10,000 (55.52%) | #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: £26,113.38
    / £60,000 (43.52%) | Emergency fund by 31/12/2020: £2,560 / £5,000 (51.20%) | "New" car fund: £700 / £6,000 (11.66%)
    • Wanna Bee Free
    • By Wanna Bee Free 17th Aug 18, 2:31 PM
    • 1,202 Posts
    • 10,788 Thanks
    Wanna Bee Free
    Update from me for June and July, managed to add £950 each month to savings which is amazing considering how much I seem to have spent. I got my bonus in June and had hoped it would be a chunk more for my savings but it turned out I spent it about twice while waiting for it so it went to bash my credit card back down under control instead. Running a bit close to going back into debt at the moment so trying to avoid spending. I want to pay tomorrowís credit card bill and then not have a credit card bill next month and live on my actual money rather than living a month ahead all the time.

    Keep up the great work on here everyone! Canít believe itís August already!
    Save 12K in 2018 #12 - £4,225/£12,000
    AFDs May 10/10 June 9/15 July 5/15 August 2/16
    2018 52/150
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

144Posts Today

1,192Users online

Martin's Twitter
  • Ta ta... for now. This August, as I try and do every few yrs, I'm lucky enough to be taking a sabbatical. No work,? https://t.co/Xx4R3eLhFG

  • RT @lethalbrignull: @MartinSLewis I've been sitting here for a good while trying to decide my answer to this, feeling grateful for living i?

  • Early days but currently it's exactly 50 50 in liberality v democracy, with younger people more liberal, older more? https://t.co/YwJr4izuIj

  • Follow Martin