teachermom
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Post by teachermom on Jan 5, 2016 13:51:37 GMT -5
Wow! Just read through everyone's goals.....going to be a great year for the savers. Still working on mine and figuring out what is doable for me this year. Will post when I have it ironed out.
Good luck to everyone!
Teachermom
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teachermom
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Post by teachermom on Jan 5, 2016 23:43:31 GMT -5
Been giving this a lot of thought......I always seem to make it so difficult and then get no where. I need to start over as I have nothing saved and no EF. Also, I know I need to save for some basics, like tires, gifts, etc. I also really need to redo my roof and have a plumbing issues that will need to be fixed. We are also taking a trip on spring break and this summer. Not sure where to get started, so going to throw out some numbers to get started and see how it goes!!! Getting started is the first step, right?? Will update after I pay bills and figure out where I am at. I have some $$$ I got for xmas and some extra hours/pay on my check so will be a larger amount than normal but glad I have it!!! | Saving 2016 | | Fund | Goals | Beg Bal | Jan 2016 | YTD | Spent | End Bal | % Met | | Savings | | Emergency Fund - Minor | $1,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Insurance - Deductible | $200.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Roof | $2,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | New Tires | $800.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Car Maintenance | $300.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Plumbing updates | $3,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Gifts | $1,200.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Spring break trip | $500.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Summer trip | $1,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Total Savings | $10,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | |
Teachermom 1/1/2016 $0 (1/1/2016 $0, Goal $10,000)
Have a great night!!! Teachermom |
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teachermom
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Post by teachermom on Jan 6, 2016 1:53:30 GMT -5
OK...me again.  Decided since I was working on my goals, best to keep at it and get financial stuff in order and pay bills. Hadn't looked at my checking account and balanced it.....find a wonderful surprise! Chase ran a promo in Dec where each time you used the cash machine to deposit a minimum amount or more you were entered in a drawing....well.....won $200 from that!!! No notification from them....just a deposit! Whoop!!! Starting off my EF!!! Also, was able to put away about another $1000 due to Christmas money I received and some extra pay money that was owed to me. So met 3 of my goals as well!!! Hoping I can stay on track with this and not have to "use" any of it. | Saving 2016 | | Fund | Goals | Beg Bal | Jan 2016 | YTD | Spent | End Bal | % Met | | Savings | | Emergency Fund - Minor | $1,000.00 | $0.00 | $200.00 | $200.00 | $0.00 | $200.00 | 20.00% | | Insurance - Deductible | $200.00 | $0.00 | $200.00 | $200.00 | $0.00 | $200.00 | 100.00% | | Roof | $2,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | New Tires | $800.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Car Maintenance | $300.00 | $0.00 | $300.00 | $300.00 | $0.00 | $300.00 | 100.00% | | Plumbing updates | $3,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Gifts | $1,200.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Spring break trip | $500.00 | $0.00 | $500.00 | $500.00 | $0.00 | $500.00 | 100.00% | | Summer trip | $1,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Total Savings | $10,000.00 | $0.00 | $1,200.00 | $1,200.00 | $0.00 | $1,200.00 | 12.00% | |
Time to start going through things at the house and start selling them. I have lots of clothes as I have lost 118 pounds in the last 2 years. Also, just things we don't need or use! All that money will be going to savings!!! Teachermom 1/5/2016 $1200 (1/5/2016 $1200, Goal $10,000)
Teachermom |
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bankergurl
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Post by bankergurl on Jan 6, 2016 14:11:03 GMT -5
I cashed in our Coin Jar and we had $50.10 in there. Put the .10 back in the Jar and added the $50 to savings. I also went to 2 of MO's BBall Games last week so added $6.00 each for that (no games for me this week). Also had some FB sales and added a few dollars to even out my accounts. My Mom got 8 (yes you read that right!) carts of stuff for us to sell on FB this last weekend. I will be picking it up Saturday, so I foresee some major savings deposits as soon as I can start getting those items up for sale! Based on my goal of $12K for the year, we would need to save $1K per month, and we are at a great pace for that for month #1!  Current Deposits $791.00 +$12.00 Basketball Savings (2 games) +$36.00 FB Sales +$2.00 Even Out +$50.00 Coin Jar Balance = $891.00 Banker Gurl : 1/6/16 $891.00 (1/1/16 $0, WIRS1) Goal - Contribute $12,000 |
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Ombud
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Post by Ombud on Jan 6, 2016 15:45:53 GMT -5
I won't make much progress this month. Only scheduled for 5 hrs. At that rate I'll just be able to keep current on bills
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teachermom
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Post by teachermom on Jan 6, 2016 16:41:34 GMT -5
Bankergurl.....you do great finding savings to boost your overall savings!! I also have stuff I need to start selling again and all of it will go to savings. Can't wait!! Goals to make this year!!!
Ombud....so sorry you hours are cut. Maybe a 2nd job??
Teachermom
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Deleted
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Post by Deleted on Jan 7, 2016 11:02:08 GMT -5
Well, I promised myself I was going to make it simpler this year and not have this long list and make goals smaller...but here I go again and I've UPPED some.  I mean a lot of these are just regular old sinking funds, but I don't want to neglect them. I really should have house maintenance on there too, I'm very bad about saving there and it's going to bite me in the ass big time, it has in the past for sure. I received my Dependent Care FSA payout on Monday and today sent in an order to contribute to my 2016 Roth with it, so that's where that big chunk of money came from. Starting this year I'm going to track the FSA contributions as they are deducted from my check as 2017 Roth savings. Vacation savings is high. 2K is going towards the cruise I've been saving for that is now NEXT year, woohoo! The other $1000 is for a Summer vacation. I haven't gone anywhere but a water park or two since 2012 and the kids want to go to Yellowstone (although I'm not sure they're aware of how much driving that really is). Everything started at $0 12/31/15. I'm a month ahead on my budget, so these are my January contributions. | Fund | 2016 Goal
| Current | Needed | % Comp.
| 2016 Roth
| $5500
| $5000 | $500 | 90.91% | 2017 Roth
| $5500 | $0 | $5500 | 0.00% | Replacement Car
| $3600 | $300 | $3300 | 8.33% | | College | $2400 | $200 | $2200 | 8.33% | | Vacation | $3000 | $50 | $2950 | 1.67% | Pr. High School
| $1000 | $0 | $1000 | 0.00% | Car Maint
| $1000 | $75 | $925 | 7.50% | | Christmas | $1000 | $50 | $950 | 5.00% | Sea Base
| $500 | $50 | $450 | 10.00% | Y Membership
| $500 | $50 | $450 | 10.00% | | Total | $24000 | $5775 | $18225 | 24.06% |
I've always had Christmas at $500 and decided to double it this year. If I can get by for less I'm going to buy MYSELF something. Not for the kids, for ME. Not sure what though since there is nothing I really want.  |
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teachermom
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Post by teachermom on Jan 7, 2016 15:15:46 GMT -5
minnesotapaintlady....maybe just treat yourself to a massage or pedicure, something to relax and recharge as that is a busy and stressful time.
Teachermom
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forwardwego
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Post by forwardwego on Jan 7, 2016 19:01:03 GMT -5
Hola WIR Savers of "sweet 2016" Welcome aboard to new savers gracendignity & TheHaitian And members returning from 2015! and previous years!! When azucena , scrgrl47 , speechchick71 , & Jaguar get checked in to the 2016 board we will then be 20 members strong  And if you're a lurker, it's time to join this party  |
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Jaguar
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Post by Jaguar on Jan 7, 2016 19:41:58 GMT -5
Mine is happening as soon as I find out how much a new wood bed foundation is going to cost me......YES I GOT A TEMPURPEDIC twin mattress!!!
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megaptera
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Post by megaptera on Jan 7, 2016 20:19:23 GMT -5
Mine is happening as soon as I find out how much a new wood bed foundation is going to cost me......YES I GOT A TEMPURPEDIC twin mattress!!! Congrats! I love our tempurpedic. |
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forwardwego
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Post by forwardwego on Jan 8, 2016 18:04:01 GMT -5
UPDATE 1/8/2016 $1724 (goal $18000) | FUND 2016 | Present | Goal | % Met | $$ Needed | | SL payoff | 30 | 5000 | 1 | 4970 | | DD wedding | 20 | 5000 | 1 | 4980 | | Homestead EF | 1050 | 2000 | 52 | 950 | | Vehicle XF | 500 | 1500 | 33 | 1000 | | Medical XF | 10 | 1500 | 1 | 1490 | | Travel | 10 | 1000 | 1 | 990 | | Rusty J Boxer | 80 | 600 | 13 | 520 | | Weekly Challenge* | 24 | 1400 | 1 | 1386 | | Totals | 1724 | 18000 | 9 | 16276 |
*53 week challenge summary (I update on Fridays, and there are 53 Fridays in 2016) 1 2 3 4 5 6 7 8 9 10
11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 22 |
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speechchick71
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Post by speechchick71 on Jan 8, 2016 23:07:21 GMT -5
UPDATE: speechchick71 $223.00 1/8/2016 (goal=$17,700, started 1/1/2016)
| Start | 8-Jan | Goal | How much to go | % Met | | SS #1 |
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| $3,000.00 | $3,000.00 | 0% | | car fund | $0.00 | $223.00 | $5,200.00 | $4,977.00 | 4% | | Gen Saving |
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| $4,000.00 | $4,000.00 | 0% | | Roth 2016 |
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| $5,500.00 | $5,500.00 | 0% |
| - | - | - | - |
| | Totals | $0.00 | $223.00 | $17,700.00 | $17,477.00 | 1% | |
I had to really move and rethink my goals and I might still have to pull back even more. I won't change my amount to my 401k even though it is taking a good chunk of my paycheck. I can make do on what I'm making: it's not chump change...just not what I'm used to right now. I am paying the mortgage on my dad's house until we sell it. I will admit that I've been very spoiled by not paying housing expenses. I need to start tightening the belt a little and cut back on some of my excess spending. The car fund is for my next car or any car expenses with the current one, including insurance. My car got hit while I was at work a couple weeks ago. Luckily the other car was majorly at fault (considering that it was parked and I was not in it) so that insurance is picking up the tab but it's all such a hassle. SS#1 is special savings which is more for school I suppose. That was my weekly challenge account last year which amassed over $13k last year. I decided to add my General Savings into the mix. It was stocked a little bit last year but was used for a variety of work/professional expenses. Hoping for a good weekend to all! And if you never hear from me again it's because I won PowerBall!
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Blonde Granny
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Post by Blonde Granny on Jan 9, 2016 8:39:36 GMT -5
I can't participate in this thread due to the recent changes in my life, but the enthusiasm that all of you participants have is contagious. I look forward to reading the progress of everyone in 2016.
BG...also a quilter. |
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forwardwego
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Post by forwardwego on Jan 9, 2016 8:55:44 GMT -5
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Ombud
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Post by Ombud on Jan 9, 2016 12:37:23 GMT -5
$2266.77 in repairs so far + $3000 contractor in just painting + whatever bathroom costs. Had $4000 put aside so I guess that EF will be dipped into this year. On a happy note, I'll be out of debt by March at this rate and putting into 2015 & 2016 when market is down
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lund
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Post by lund on Jan 9, 2016 12:38:12 GMT -5
I take the liberty to read, like and occasionally write, even though my own saving is highly irregular at this point, chiefly due to our very irregular income and some slight underemployment.
The enthusiasm of the savers makes it easier and more fun to use the income checks to replenish savings and sinking funds, stock up the pantry, and check that the family is adequately shod´n´clad instead of living feast or famine style.
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forwardwego
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Post by forwardwego on Jan 10, 2016 8:33:29 GMT -5
lund and Blonde Granny thanks for sharing and participating. More is definitely merrier. I love the spirit and atmosphere of this thread. Thank you for being part of that. Anyone else who is watching or following, you don't have to post your goals to benefit from participating. C'mon in! On another note, looks like there's enough quilters for a quilters' thread? Question re:QUILTING Can you use fabric from other than fabric store? like Goodwill or garage sales, or recycle clothing back to being pieces of fabric?
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Blonde Granny
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Post by Blonde Granny on Jan 10, 2016 8:59:20 GMT -5
Back in the olden days of my Grandmother, and she would be about 130 or so now, every scrap of fabric was eventually turned into a quilt. Buttons were cut off shirts and saved in what I call the Magic Button Box. That generation was the ultimate reduce, reuse and recycle people.
One of the treasured items that quilters want today are the old seed sacks....my Grandmother used to go into town with her DH when it was time to buy seed and chose the bags she wanted based on making clothes and quilts for her family. Quilting fabric, or any fabric is scooped up quickly at thrift stores. Old chenille bedspreads make great throws for winter. You just need to use your imagination. Old worn sheets are perfect for quilt backing.
Garage sales are another place to find fabric, someone would love to get their hands on my stash, but I'm planning on taking it with me...
Some quilt fabric has hit $15 a yd. I simply won't pay that much for it.
Oops, seed sacks not feed. |
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lund
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Post by lund on Jan 10, 2016 9:49:59 GMT -5
Thank you for the nice words, Forward!
And thank you to Forward, Sugilite, Ombud and Blonde Granny for the likes!
ETA: And to Serious!
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seriousthistime
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Post by seriousthistime on Jan 10, 2016 10:09:13 GMT -5
Yes, lund and Blonde Granny, thanks for popping in even though you're not racing your savings. Conversation, comments, and encouragement are most welcome.
forwardwego, your listing of 53 weeks in your posts has a typo. You go from 52 to 22 instead of 52 to 53. Or am I not getting something?
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seriousthistime
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Post by seriousthistime on Jan 10, 2016 10:47:54 GMT -5
Not a quilter... but I do knit. Mostly baby blankets, because they don't need to be fitted. I'm taking a break right now because I had to race through three blankets for three new babies. I got burned out.
One good thing about knitting is that you can watch tv and knit, and feel like you accomplished something.
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forwardwego
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Post by forwardwego on Jan 10, 2016 13:31:52 GMT -5
Hey there Serious  ? I used $22 for my 53rd Friday to round the 1378 up to 1400 |
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forwardwego
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Post by forwardwego on Jan 10, 2016 13:44:58 GMT -5
Excuse the " ?" I'm posting from phone Not my strength  |
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seriousthistime
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Post by seriousthistime on Jan 10, 2016 15:14:27 GMT -5
Hey there Serious  ? I used $22 for my 53rd Friday to round the 1378 up to 1400 Ahh, mystery solved! And knowing you, you will pay that $22 earlier than the 53rd week. |
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bankergurl
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Post by bankergurl on Jan 10, 2016 18:15:19 GMT -5
MO got paid on Friday and has a small auto deposit every payday to our regular savings. We also went out on Friday night and played bar bingo and he won $75! We used part of that to pay our last week for the 2015 Weekly Challenge! Glad that is done! Hoping to knock out a few of the late weeks early this year so we can stay on track for the 2016 Challenge.
Current Deposits $891.00
+$25.00 MO Payday
+$52.00 2015 Weekly Challenge
+$2.00 2016 Weekly Challenge
Total Deposits for 2016 = $970.00
Tomorrow I will log my FB sales for last week and that may get me to the monthly goal of $1000! That would be great!
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Ombud
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Post by Ombud on Jan 10, 2016 20:37:38 GMT -5
$2266.77 in repairs so far + $3000 contractor in just painting + whatever bathroom costs. Had $4000 put aside so I guess that EF will be dipped into this year. so he only charged me $800 for electrical & plumbing (inc sink / fan / mirror) so total repairs = 6k. EF took a hit but not as much as I feared. Not adding it into goals UNLESS I make 2015 & 2016 by end of primary tax season Fan is too noisy. He needs to come back to fix that ... he's texting me options the next time he's at Home Depot |
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azucena
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Post by azucena on Jan 11, 2016 8:11:27 GMT -5
First post for 2016... I started 2015 at $19,300 and ended up at $35,840 as of 12/31/15. CRAZY!
I am saving towards a down payment on a house because we've outgrown our current home. I think I will set my goal at $50,000 this year with an interim goal of $41,000 by 3/31/16. By then, I should have received my work bonus (not expected to be great this year) and my tax refund (maybe $2k). I could also submit my first quarter of daycare reimbursements of about $1250.
On Friday I will receive the results for my final actuarial exam. It will either be a fabulous day (including a $1000 after tax bonus and a $1400 raise) or absolutely terrible. I'm also expecting it to lead to a promotion. Like I said, either fabulous (and I will most likely adjust my goals) or I will be devastated. |
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bankergurl
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Post by bankergurl on Jan 11, 2016 12:12:57 GMT -5
Current Deposits $970.00
+$1.91 Interest at Local Savings +$3.09 Even Out Amount
+$20.00 FB Sales for last week
Total Deposits for 2016 = $995.0
So close! Ok I better toss in an extra $5!
Current Deposits $995.00
+$5.00 to get to $1000.00
Total Deposits for 2016 = $1000.00
January goal met!
Our total savings is at $11,965.00 (not counting Weekly Challenge, HSA, Retirement, etc.). But we have a TON of huge expenses coming. I am taking MO on a mini surprise vaca over the long weekend. He hasn't had any days off other than Thanksgiving Day and Christmas Day and he really needs a break. This coming weekend he doesn't have to work and they also aren't having practice or games for his Bball team so I am finally able to sneak him out of here! I booked a room for a casino about 4 hrs away, they have a pool/hot tub, gambling, 3-4 places to eat and my cousin and her BF are also going to meet us there. I am doing my best to not tell MO. I plan to just load him in the car Friday after work and surprise him that way! So hard not to spill the beans! Should be a fun trip!
Oh and good news we paid our last week for the 2015 Weekly Challenge! So that money is set aside and it is NOT included in the $20K Challenge so that is $1378 more we actually do have in savings. We plan on saving that for a trip we are taking in April.
In not so fun news, we have been informed that MO's old house (Rental #1) needs to be surveyed to see if it is in the flood plain or not....and the survey is going to cost about $1200. Booooo! If we get the ok that we are NOT in the flood plain, that will save us about $2K per year in flood insurance costs so hoping that it turns out ok. The map that we got shows part of the yard in the flood plain, and part is not, so I think it is worth the cost of the survey to see if we don't need to pay for flood insurance.
We are STILL waiting for a bill for the New AC at Rental #2, and some other repair bills on our current home. The bill for the new garage door at Rental #2 is due at the end of Feb, and property taxes on Our House and Rental #2 are all due in Feb as well. After this mini vaca it will need to be nose to the grindstone for awhile to get all of these big bills handled! |
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forwardwego
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Post by forwardwego on Jan 11, 2016 12:41:22 GMT -5
Ombud Good work staying on top of those home repairs! I hope you will get an excellent finished product. azucena Wow! A lot is riding on the results!! Please let us know Friday. I'll be looking forward to it and hope your results are positive as they have been in the past. Excellent job saving for that down payment  bankergurl Your MO is a lucky fella! We used to live in a house that had a part of the property in flood zone. If I remember correctly, a lot depended on whether any part of the mechanicals of the house (A/C unit, electrical,...) were at the level or not. So if just a corner or edge of the yard was affected we didn't have a problem. I hope you get a good report.
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