Women in Red Savers 2015

[seriousthistime]

WANT TO JOIN THE WOMEN IN RED SAVERS (WIRS)?
Hello and welcome to the Women in Red Savers (WIRS) group! We are a supportive community group that celebrates reaching the personal savings goals of the WIRS members, whether we are women or men, currently “in the red” or “in the black.” This thread will give you basic information what our group is about, so please read all of the information provided below and then start posting!

The purpose of the Savers group is to empower our members to take financial control of their lives by setting, tracking and achieving savings goals. If you're interested in a community of support, motivation, and inspiration, then this is the place for you.

As one part of the Women In Red, the Savers focus on encouraging members to save, no matter what your level of savings knowledge is. You may be starting on your first Emergency Fund or maxing out your retirement. It doesn’t matter to us, as long as you keep doing it. We feel that positive encouragement and motivation will help all of us to learn better savings habits, and accomplish those savings goals.

A key part of saving is learning to incorporate savings into your daily routine – many of our members are also member of the No Spend threads or the Women In Red Racers. Savings is an integral part of paying off debt and changing your lifestyle, so no matter where you are in the process, this is the right place for you to be!

The WIRS - Women in Red Savers group is a TINY little sub-group of the larger Women in Red community because we are seeking the common WIR goal: Taking Total Financial Control! The same support, encouragement, motivation…and yes, sometimes “tough love” provided by the WIR is applied towards savings goals as well! And because the support and encouragement from a group with similar goals also serves to provide a sense of accountability in meeting our individual goals, what better way to approach this than promoting our own Savers group!!

You may use a tag line as you desire BUT for me to be able to keep track and post updates please make sure and include the start & goal such as:

Username / Update date / Current amount saved you may follow that in parenthesis any manner you wish-Some suggestions are:

UserName 5/3/12 $8,500 ($0 1/1/12 / Goal=$16,000)

UserName 5/3/12 $8,500 (Start=$0 / Goal=$16,000)

There are some Savers that prefer to have massive multi-year goals that don't have an annual goal in mind so they could just do the basics like this, if they wanted to (not logging ★ progress).

UserName 5/3/12 $38,572 (Start=$24,369)

We are hoping everyone has a prosperous and save New Year. Please feel free to invite others to join us!!!

[seriousthistime]

HOW TO JOIN THE WOMEN IN RED SAVERS (and work to increase your Savings):

Read this entire page of info!!!!!
Sign in with the username you created.
Post a message in the RESPONSE BOX AT THE BOTTOM OF THE PAGE and a list of the savings categories and goals you want to track (more info about this below).

After you post your list of accounts, you are officially a member of the Women in Red Savers! The list of members is updated approximately twice a month, so if your name doesn't show up right away, please be patient! ALL the people working on this board are volunteers and they will get you added to the list as soon as possible.

UPDATING
So, now that you know a little about the group, here are the "rules" that we have adapted so that it's easy to keep track of everyone.

The list shows the date of each person's most recent update, her/his current savings balance, her/his starting date, her/his starting savings balance, page number is optional.

Like this: UserName: 5/1/12 $4,978 (1/1/12 $0, WIRS2)

The original starting amount and date is listed in parenthesis. The WIRS# is the page number the original post was listed on - it will be different for everyone. The current date and savings amount are listed next to your name. You choose which accounts you want to list and can add accounts later.

You can do the (parentheses) part how you want, goal amount, starting debt its ok to already have money "saved" See above post

To join, post your list of accounts, goals and any previous amounts saved. (Please do not list any debts here; you can get motivation that by joining the WIRRacers.)

We earn smileys to represent how much we've saved and roses in celebration of meeting annual goals! It may seem silly, but once you start getting smileys and roses, you will see how great they are!
The smiley list is as follows:
$50= $100= $500= $1,000=  $5,000= $10,000= $25,000= $50,000=   $75,000=  and $100,000=  
Roses: per goal reached, = 10 's [10 goals reached]
Stars: 1 for each 25% goal; at 100%

We do not give out negative smileys if your savings goes down instead of up. This is for two reasons: 1) this board is all about being positive and supportive of each other, and 2) the whole point of savings is to use the money when it¡¦s needed. You may save for a year to pay for an expense but once paid, that money is gone. However, saving that money ahead of time kept you from going into debt, panicking over the payment or stealing from other accounts. That is a major accomplishment! Because we are a community and we talk about these kinds of savings issues, we want you to give us the update about using your savings but it¡¦s your choice how to present your totals. (Some of us find it easier to just track our contributions here and keep track of expenditures on our own.)

We hope that your participation in the WIRSavers group brings you the same feelings of empowerment and success that each of us has found. So? What are you waiting for? Join us!

Savers who have not posted anything - progress - comment - in 3 months will be removed from the list but will be on the master list.

[Ombud]

Ombud: 0 (Start: 0, Goal: $10,500 $10,000)

Corrected

[Jaguar]

This is how it looks for me now, but within the next week there will be changes.

Saving Funds	Goals	Current	% Saved	Woo Hoo
TV Fund	$510	$510	100%
Moving Fund	$1300	$168.91	13%	?
Gateway Voyage	$4390	$0	0%	?
Mattress Fund	$2300	$0	0%	?
GRAND TOTAL	$8,500	$678.91	8%	?

Sugilite - 1/1/2015 - [CURRENT - $678.91] - [NEW GOAL - $8,500] =

[megaptera]

megaptera: 1/1/2015 $0.00 [1/1/2015 $0.00 / Goal: $15,000]

[shanendoah]

shanendoah 1/1/2015 $5,051.10 (Start: $5,051.10 / Goal: $15,500)

Fund	Current Balance	Starting Balance	Goal Amount	% Saved
Pop Tart College	$1,061.10	$1,061.10	$2,500.00	42.44%
Vacation	$3,000.00	$3,000.00	$3,000.00	100.00%
House	$990.00	$990.00	$10,000.00	9.90%
Total	$5,051.10	$5,051.10	$15,500.00	32.59%

Okay, jumping in to the Savers. I do feel I need to do a little bit of explaining.
First, we have a fully funded emergency fund at $10k, so I don't have to worry about that.
Second, our vacation fund is currently at it's goal of $3k, BUT we are going on a week long Disneyland vacation in April. I want that fund to be back up at $3k by the end of the year. So, it's currently fully funded, but we'll start spending out of it soon, so I want to track it.
Our goal is to have at least $10k saved for Pop Tart by the time she graduates high school in 2022. If we can save for her at the rate I'm planning now ($1,250/yr), we'll hit that $10k at the end of 2021, and then use the money that would be going into that savings for the next 6 months on college application fees, campus visits, etc.
Our house fund may be for a down payment on a new house, it may be for renovations on the current house. We honestly don't know at this point, but I want to make sure we're saving specifically for that. In addition, at certain points, this will be the fund that benefits if we don't spend as much in car maintenance each year, etc.


I hope that covers everything.

[teachermom]

I am going to post my goals for 2015 savings but I also have larger multi year records that I will post now and then at the end of the year just to see how I am doing. This will help me feel like I accomplished something for the short term and also be able to see how I am doing on my overall.

My specific goals for 2015:

Tires                           $400
Car Maintenance           $500
Insurance deductible      $200
Roof                           $500
Plumbing                      $400
Gifts                           $500
EF                              $500
Total                          $3000

Teachermom 1/1/2015 $0 (1/1/2015 $0, Goal $3000)

I am still selling things and making some money. Unfortunately, after paying bills for the month and doing a zero based budget, I can't pay everything and still have money for food, gas, and household necessities, so I zero based it with what I have. It didn't pay the minimums on all my cards ($175) or completely cover food, gas and household ($50+) necessities for the month. With the money I have ($178 so far) and the sales I make, I am going to finish out my budget (ie: pay minimums on my other cards and add some for food, gas, and household necessities). Once that is filled, the rest will go to start the snowball on my cc's. I have quite a few more sales lined up for tomorrow ($92 so far). If they all come through....that will put a big dent in it (min. $225 needed) and I can start paying off Old Navy. I have a reimbursement for $92.59 that will be deposited on 1/7, a check coming for $85, and another reimbursement towards the end of the month for $85.68.....some will go for food, gas, and household if I am running low and the rest will go to Old Navy. Overall should see some progress there.  Will also start putting some of my proceeds from sales to start meeting savings goals but not until I am in a better position.

Hope everyone had a Happy New Year! May you be blessed, happy and healthy in 2015!!!

Teachermom

[Saving4Norway]

Fund	2015 Goals	Last Month	This Month	% Met	Roses
Iceland Flight	4000	0	4000	100%	Jan
Iceland Expenses	3000	0	1000	33%
Vehicles	2000	0	2000	100%	Jan
Harley Trip	2000	0	500	25%
Gifts&Donations	2000	0	500	25%
Palm Springs	2000	0	2000	100%	Jan
Wallace,ID	1000	0	1000	100%	Jan
Cultural	1000	0	250	25%
Vacay Prop	1000	0	250	25%
Christmas	500	0	0	0%
Oleana	250	0	0	0%
Quilting	250	0	0	0%
Sisu (& sister?)	3000	0	2000	67%
Home Improvement	5000	0	2500	50%
TOTAL	27000	0	16000	59%

Saving4Norway 1/3/15 $16,000 (Goal $27,000)

[Saving4Norway]

Hi Savers,

I have enjoyed so much success at planning and executing significant savings here on the Savers thread over the years that I want to be on board for this year, as well.

A little about me, I'm a 23-year veteran teacher in the Pacific NorthWet. DH and I are DINKs, with one fur baby, Sisu, a Bernese mountain dog. The only debt that we have our mortgage. I first started with the Savers to save $1000 for a basic Emergency Fund. Once I got that rose, I raised it to $7,500 (3 months expenses). That's been so long ago that that fund's value is now $18,000! I automatically fund my retirement, investments, and maximize my Roth contributions so I don't track them here. That's why you might notice that my savings categories are mostly "fun" things.

Happy Savings!

[seriousthistime]

Copying this from the 2014 thread:


Round-up of savings ideas:

Lately, we have been kicking around some ideas for ways to save. Some people are very methodical, and others need tricks and motivation. Some of us like both.

See replies #339, #348, #353, #358, and $360 in the Savers 2014 thread.

First, there is the weekly savings challenge. The idea is that for the first week of the year, you save $1, second week you save $2, then the third week you save $3, and so on up to $52 on the last week of the year. You end up with $1,378. This is a great way to build up an EF.

Variations:
Reverse weekly challenge: Start with $52 on the first week, $51 on the second week, $50 on the third week, and so on. You end up with the same $1,378, but it builds more quickly.

Bump-up weekly challenge: Instead of starting with $1 on the first week, start with a few dollars more than that, and increase by $1 each week. So maybe start with $5 the first week, $6 the second week, $7 the third week, and so on.

Maximum-tackle weekly challenge: Make a list of weeks from 1 to 52. Each week, select an amount from $1 to $52 that you can manage that week. If it's $1, cross that off the list, and put it in savings. If it's $52, cross that off and put it in savings. Once it's crossed off, it's done and you have to select from the other amounts in future weeks. This gives you more flexibility during the more challenging weeks of the year.

Plateau weekly challenge: Start with the straight weekly challenge ($1, $2, $3...) and if it becomes too much to put in an ever-increasing amount, STOP increasing but continue to put in the last amount you were able to make. So if you had to stop at week 20, with $20, continue to put in $20 for the rest of the year.

There are a few non-weekly challenges we've been discussing.

Random cash challenge: If you find cash in pockets, floating around in your purse, in your laundry room, and basically any place other than your wallet, it goes into a pot to be added to your savings.

Specific denomination challenge: Choose a denomination that you want to save. It could be $10, $5, $1, quarters, dimes, all coins, etc. You get the idea. At the end of each day, if you have any of that denomination in your purse, wallet, backpack, or wherever you keep your money, it goes into a pot to be added to your savings.

[seriousthistime]

And here's another helpful post from the 2014 thread, courtesy of bankergurl (hoping she doesn't mind my reposting it here ...)


Hi Ladies! Hope everyone on the savings board is doing well!

I was with the WIRS waaaaay back in 2005 and off and on since then. I put small amounts in savings very frequently and ended up feeling like I was either "over-updating" or not tracking accurately on here, which prompted me to start my own savings blog in 2009. If you would like to read my blog, the link is on the bottom of my post. If there one thing I am good at in life....it is saving money. I don't make much (about $35K a year), but I can pinch a penny (or coupon...or rebate) as hard as anyone I know! I (sadly) got divorced this year. After the divorce my savings was down to $17K. That was just about 4 months ago...since then I went up to $27K! And that is on one income! I have had some major bills since then (car repairs, insurance bills etc.) and am now at $24K, but still pretty darn good if you ask me, for a single 30 y/o with no debt other then mortgage. Some people take the word "cheap" as as insult, but you can call me cheap all day long and I will accept it proudly!

I am a HUGE believer in nickel and diming your savings. You do no need a $100 to save money, you don't need $10, you don't even need $1. All you need is 1 red cent to start. Through it in a jar. You started!

Here are my personal favorite ways to save:

Save all of your change, once a month take it to the bank and deposit it into savings. Do not use a Coin Star or anything else that charges you to turn in your change, nearly
all banks have a coin machine and will process it for free if you have an account there.

When you get your monthly or quarterly interest in your savings accounts, add a deposit to get that amount to at least the next $5 amount, or even try for the next even $100 amount if it's not too far away. So if after your interest goes in your new balance is $379.18, deposit another $20.82 to get to that $400 mark. It might not seem like much, but I am sure I have saved at least another $1000 by doing this every month.

When you make a savings deposit, do the same thing as with the interest, round it up to the next $5, or even $100 mark (depending on what the amount is). So if I got a rebate for $12.00, I deposit $15 or $20 into saving. 

Put all rebates, bonuses, tax returns, gift money (unless for a specific gift), found money (on the ground, in your car, in the washer, etc.), rummage sale or online selling, recycling money, and any and all other "extra/surprise/not standard" funds into savings. You survived without them before, you don't need them now!

This is an oldie, but a goodie. Set up an automatic savings plan. It doesn't have to be a lot. If you can only start with $5, then start with $5. Then next month try to move it to $10, whatever amount you start with, just try to keep moving it up, no matter how slowly or gradually. Try to set it up for every paycheck, that way you know the money will be in your account on payday, and it will already be transferred and gone before you even have a chance to miss it!

There will (of course) when you have to take money out of savings. Sometimes this will be for a planned purchase. Sometimes this will be for an emergency or an unexpected expense. That is ok! That is what your savings is for! Do not get discouraged. If you have to take $100 out of savings today for a car repair, but tomorrow you find $5 in an old Christmas card...you still put that $5 in savings. The old notion of "slow and steady wins the race" is completely true of savings. Just keep making those deposits no matter how big or small and they WILL add up!

[dogmom]

I made a payroll deduction change close to the end of last year.  $100. every two weeks into an interest bearing checking account that we've had for a while.  I used to put rebates, change jar, etc into it.  I don't have it earmarked for anything yet.  Every little bit helps. 

[sealy]

FUND	GOAL	THIS MONTH	LAST MONTH	% MET	ROSES	COMMENTS
EF	$10,000	$400	$0	0.04%		I'd actually like this to be 25K but will start with 10K
FUR BABY	$1,000	$0	$0	0%
CHRISTMAS and SUMMER	$5,000	$0	$0	0%		I want to take my kids on a trip somewhere nice.
GIVE	$500	$0	$0	0%
SAVE	$5,000	$0	$0	0%		This fund is for thing that may come up so I won't use my EF.
TOTALS	$21,500	$400	$0	0%

SEALY 1/2/2015 $400 (GOAL $21,500)

I've been using the table provided underneath Font Size for awhile but I just noticed that if you right click you can add a row or column. Learn something new every day.

[scrgrl47]

**Edited starting total because I was confused, sorry!!**

scrgrl47 1/2/2015 $42.04 (Start: $42.04 / Goal: $19,820)

Fund	Start	Last Update	Saved Since	Current Balance	Total Saved	Goal
HSA	$0.00	$0.00	$0.00	$0.00	$0.00	$3,300.00
Rowing	$0.00	$0.00	$0.00	$0.00	$0.00	$2,000.00
Retirement	$0.00	$0.00	$0.00	$0.00	$0.00	$7,500.00
Car	$0.00	$0.00	$0.00	$0.00	$0.00	$3,120.00
Vacations	$0.00	$0.00	$0.00	$0.00	$0.00	$2,400.00
EF	$42.04	$42.04	$0.00	$42.04	$0.00	$1,500.00
Total	$42.04	$42.04	$0.00	$42.04	$0.00	$19,820.00

Both my work's and my contributions are applied to the retirement fund so that's less out of pocket for me than it seems, although I'm stepping it up from $0.00, so it seems like an awful lot when I have debt to pay off, but I need to get the work match and set-it-and-forget-it.

My EF was at $1,250 and I pretty much drained it reimbursing myself for work travel - I have this thing about starting the year off with 0's on CC's wherever I can, but this will be refunded when I get reimbursed from work.  There are enough general savings elsewhere that I can cover emergencies before that. 

Happy savings :-)  

[teachermom]

Dang! I wish I didn't have so much debt....having a great day of selling stuff from home.....$138 so far and more people to meet up with!!! Add that to the $178 already this week and I could almost meet one of my small savings goals.

Teachermom

ETA: sold $10 more.....$148 total. Few more tomorrow. Need to get more stuff listed.

Will go through budget tonight and see what I need to add some to with regards to food, gas, and household expenses and then the rest will be deposited so I can pay towards credit cards.

[seriousthistime]

First update and goals for 2015

	1/2/2015	Goal	% Saved	Roses
Deferred purchases	$505	$2,075	24.3%
CC paydown	$0	$8,500	0%
EF	$200	$1,000	20%
Gifts	$353	$2,600	13.6%
Utilities	$10	$270	3.7%
Weekly Savings	$53	$53	3.8%
Total	$1,121	$14,498	7.7%

Serious this time, 1/2/15, $1,121 (Goal $14,498)


I am not tracking my savings for things that are automatically deducted from my paycheck.  So, no retirement savings or HSA deposits will be tracked this year. 

Here is what I am tracking:

Deferred purchases are things I have put on 0% interest/same as cash deals. You know, those deals where if you don't pay it off in full by the time the 0% interest ends, then you have to pay a ridiculous interest rate retroactively to the time of purchase.  I have two accounts like that.  One is due in September. Another is due in May 2015.  I have to make small payments each month which are not reflected in savings.  This is only the amount I will have to pay in a lump sum at the end.

CC paydown is the amount I would otherwise be paying out monthly for my Debt Race #4. The interest rate is 0%, and instead of making super-huge payments to get it paid off quickly I will be making the minimum payment, putting the super-huge amounts into this savings account, and when I feel secure enough to pay off a big chunk I will take the money from this account.  Race #4 will be turtling along, with giant leaps forward from time to time, or maybe one giant leap forward at the end.  Since my current race will not be won until the end of February, I won't be making any deposits into this account until March at the earliest.  

EF is self-explanatory.  This is for furnace breakdowns, a new tire,  and so on -- small emergencies that would otherwise go on a credit card.  Tiny emergencies are cash-flowed. (We won't talk about what Suze Orman requires for an EF.)

Gifts is for birthday, wedding, Christmas, and miscellaneous gift giving occasions.  It also includes charitable donations (memorial donations, special event donations for things like Relay for Life, etc.) but does not include the amount I have deducted from each paycheck for my 5 favorite charities. 

Utilities is just a surplus to use for a larger-than-planned utility bill.  

Weekly Savings is a concept familiar to people here.  After kicking around various ways to make deposits to weekly savings, I finally decided to deposit 1/26th of the annual amount from each biweekly paycheck.  If things are flush, I may get a bit ahead.  If things get tight, I may get a bit behind and start adjusting.  

[teachermom]

Update....added $100 to my budget, paid the rest of my credit card bill minimums and still had $120.80 to snowball towards Old Navy....so schedule that too.

I still have $45 cash for change and purchase already this morning.....another payment next week.

Teachermom

[forwardwego]

forwardwego 1/4/2015 $1550 (goal 10,000)


weekly savings 1/2/2015 $52 (goal $1378)

fund 2015	present	goal	$$ needed	% met
rental EF	0	5000	5000	0
homestead EF	1000	2000	1000	50
vehicle EF	500	1000	500	50
truck tires	0	800	800	0
tree removal	50	1200	1150	4
totals	1550	10000	8450	15

I zeroed my rental EF and moved that $$ to an operating fund, and will be using it in Feb or March to prepare for new tenants. 

[seriousthistime]

Nice to see some new faces, and the promise of more to come.  And always happy to see some of 2014's members here in 2015.

Welcome scrgrl47, shanendoah, and dogmom.  Looking forward to seeing your updates. dogmom, do you have a particular goal?  If you can put your goal and amount saved into a tag line (see post #1) it would help.  Otherwise, I can just put you down in the updates/smilies for a total amount saved to date, as long as you post your progress.
 
Coffeegirl is also going to be joining us, and Ombud is back with some new goals for 2015.  We are off to a great start!  

As always, everyone here is an inspiration. 

 

[Ombud]

seriousthistime, thanks for welcome back!! OMG coffeegirl! I remember you from MSN days!

[coffeegirl]

Ombud I remember you too! I set these boards up too, not sure if the trackers are still using my systems but this was such a huge part of my life. After MSN and some wonky stuff with MP/Mia and loosing my job in 2009, I needed a big break. The whole life had to change ya know? Add to that I became the object of much derision when MP wasn't such a public face. I have stayed in touch with a few, even had one awesome WIRR at my wedding last summer! Can't leave it all behind....still working on my 2015 goals.... Some notes teachermom nice to see you still plugging away, sealy your name is familiar too, bankergurl sorry to hear of the divorce I think I recall the wedding savings....

I bet I could go through some old files and get a huge round of applause going. I really miss doing the galactic state of the unions! Those were the days

[speechchick71]

Speechchick71 1/4/2015 $75 (Start=$75 Goal=$20,000)


Hey everyone:  I'm hoping to get my savings going again and I have some big plans.  I am going to do a weekly challenge but instead of $1/week, I'm doing $10/week.  At the end of the year that should amount to $13,780.  I am also doing another savings that I plan to use toward car expenses and that one will be $25/paycheck (bi-weekly) for a total of $725.  I have another savings that I don't plan on having in this "race" but, if all goes well, there should be a nice chunk in there as well.  Rounding out all of it, I am also planning on completely funding my Roth 2015.  Putting the first two savings plus the Roth, it is a hair over $20k so I'm just going to call it that. 

I have to work on getting my spreadsheet all set up so hopefully it will be good to go for this payday when the first amount goes in! I like when I have a plan in hand and those accounts are the ones that are really planned.  It's the other savings that might be flexible so I'm not including it.  I'm going back to school and will have tuition expenses so that savings will be put to good use! 

I'm feeling really good about 2015!

[sealy]

So glad to see you're back coffee.

[tobinikui]

Hi all & welcome to 2015! I did not manage to update my 2014 thread in time, but I'll survive. And now, here we are in 2015! How and when did that happen?

I have decided to only focus on one main goal this year, which is to get our big emergency fund to $20,000, which would be 6 full months of expenses. We have smaller separate ER funds for the house, the cars, and the dog. Our income is quite stable, thankfully.

My DH is retired, and is collecting a state pension. He is home with our infant full-time, which saves us a pretty penny on childcare! I work for the state, and just reached the point of being fully vested a few months ago. My paycheck just bumped back up to 100% after over a year of smaller checks to save/bank time for maternity leave, and then I promptly upped my retirement savings to 16%!! I'm not going to track that - but I am thrilled that we're at this point again finally!

My biggest struggle with savings and debt pay off (thankfully, just our mortgage now!) is patience. I have seriously depleted our monthly funds to add to savings, or pay down debt in the past, and I am always looking (too far) forward. In an effort to counteract that tendancy this year, I am aiming to NOT fund my entire goal. My actual goal is to put $750 a month into our ER fund. If I do that all year, I'll save $9,000, on top of what I already have saved. I could save more, but I want to keep a larger buffer in our checking account, and not be so close to the edge all the time. I am hopeful that our tax refund might bump up our savings, but that would just be a bonus. And then, if, at the end of the year, we have an extra chunk to put into savings, then I will do that (instead of making life harder, by preemptively saving too much)!

This will give us a little extra breathing room for the random small house projects that inevitably pop up, and will still take us most of the way towards fulling funding our ER fund!

This year's goal:

Emergency Fund - $13,500 (Already have $6,500)
Current Savings - $0

Looking forward to this year, and the *patient* savings that will come!

Tobinikui: Current - $0, 1/5/15 (Goal - $13,500; Started @ $0)

[Ombud]

1st Roth done + allocated today's $500 put into the emergency fund to 2014 so I'm only going to be putting aside another $10,000 this year. It'll make it so much easier to do the percentages

[runmarathons]

Runmarathons 1/7/15 $16,474 (Start=$16,474 / Goal=$30,000) WIRS1

Rental #1 EF - $10,000 (Current $5,363.40)
Rental #2 EF - $10,000 (Current $6,009.42)
6 month EF - $10,000 (Current $5,101.91)


I've heard about this thread from the WIRR. I have paid off all of my debt except my two mortgages, which are currently rental properties. I would like to ensure I have funds for repair/house maintenance for the properties. I also want to make sure I have an emergency fund set up for monthly expenses for myself (rent/mortgage/bills/etc).

Looking forward to being inspired by all of you! Thanks!

[teachermom]

Welcome to the savers.....Runmarathons!! How great that you are debt free except your mortgages!!! Does the rent for the places cover the mortgages? Taxes? Insurance? If so, they are paying for themselves!!! What an awesome place to be!!!

Teachermom

[bankergurl]

Coffee - Ouch, that was a stinger. 

[bankergurl]

Serious - Sorry I did not see that you were needing info on the old thread for me until today.  I am getting some more concrete goals set and will post them soon.  Thanks for sharing my tips!

[snapdragon]

I think I will go ahead and join to get closer to my goals. They are not big but I might as well track them here as well in excel.

snapdragon 1/8/15 ( $4205 / Goal $ 6500 )



Travel Fund - $ 4500 (currently $ 3132)

EF              - $1500 (currently $ 925)

House/car   - $ 500 ( currently $ 148)