nikiz628
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Post by nikiz628 on Jan 9, 2017 21:17:41 GMT -5
Okay, I think this is how it needs to be  2017
| Start
| Present | Goal
| Still Need
| E.F.
| $2,016.87
| $2,036.87
| $3,000
| $963.13
| Roth
| $0
| $100 | $5,500 | $5,400.00
| DS1 Savings
| $1,300.19
| 1,300.19
| $1,500
| $199.81
| DS2 Savings
| $278.10
| $278.10
| $400
| $121.90
| Disney Fund
| $200.00
| $200.00
| $3,000 | $2,800.00
| TOTALS
| $3,795.16
| $3,915.16
| $13,400.00
| $9,484.84
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NikiZ628 1/9/17 $3,915.16 (Goal $13,400.00 WIRS2)
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teachermom
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Post by teachermom on Jan 9, 2017 21:41:42 GMT -5
Well.....a new year is here and I am excited to get back on the savings wagon. Paid off my car loan on 12/31 which was my goal. Frees up some cash now to have a more regular saving plan. On to paying off student loans but that will be YEARS so.....for now, focus on savings.  I didn't get very far on my goals last year after withdrawing everything to pay off cc debt.....so starting over at $0.00. I have some huge goals for long term and some short term goals for this year. So....my goal is huge but I know I will make some of them this year and some in the future. | Savings 2017 | | Fund | Goals | Previous Bal | Jan 2016 | YTD | Spent | End Bal | % Met | | Emergency Fund - Minor | $1,000.00 | $0.00 | $700.00 | $700.00 | $0.00 | $700.00 | 70.00% | | Emergency Fund - Major | $20,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Insurance - Deductible | $1,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Roof | $4,000.00 | $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% | | Appliances | $3,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Hardwood Floors | $3,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Tires | $800.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 12.50% | | Car Maintenace | $1,000.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 10.00% | | Car Replacement | $30,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Gifts | $1,200.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 8.33% | | Spring Break Trip 2017 | $500.00 | $0.00 | $200.00 | $200.00 | $0.00 | $200.00 | 40.00% | | Summer Trip 2017 | $500.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | MN trip 2017 | $1,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Hawaii trip | $2,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Total Savings | $72,000.00 | $0.00 | $1,200.00 | $1,200.00 | $0.00 | $1,200.00 | 1.67% | |
Teachermom $1200.00 1/9/2017 ($0.00, 1/1/2017, Goal $72,000) |
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Jaguar
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Post by Jaguar on Jan 9, 2017 22:44:09 GMT -5
Welcome to The WIR Savers club nikiz628, I'm so glad you are here, how are the wee ones doing ? |
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nikiz628
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Post by nikiz628 on Jan 10, 2017 0:10:06 GMT -5
Welcome to The WIR Savers club nikiz628 , I'm so glad you are here, how are the wee ones doing ? They are doing great. DS1 is enjoying Kindergarten, and DS2 is having fun being one!  |
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Jaguar
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Post by Jaguar on Jan 10, 2017 0:17:20 GMT -5
Welcome to The WIR Savers club nikiz628 , I'm so glad you are here, how are the wee ones doing ? They are doing great. DS1 is enjoying Kindergarten, and DS2 is having fun being one! Awesomesauce! |
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finnime
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Post by finnime on Jan 10, 2017 9:44:48 GMT -5
I just want to say I'm really happy no one snickered at my puny savings goals. At my age and stage of life, we should have much more.
Health issues have really done a job on plans and intentions.
So this week, on to saving another $3.20! Hmm, maybe I'll add a monthly challenge. Or another pot for car maintenance.
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snapdragon
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Post by snapdragon on Jan 10, 2017 11:14:25 GMT -5
I just want to say I'm really happy no one snickered at my puny savings goals. At my age and stage of life, we should have much more. Health issues have really done a job on plans and intentions. So this week, on to saving another $3.20! Hmm, maybe I'll add a monthly challenge. Or another pot for car maintenance. Life and circumstances are different for everyone. I am not going to giggle and I am sure there have been several people that have been really similar in life to were you are right now finnime. Just keep taking small steps forward. Which is all anyone can do really.  |
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shanendoah
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Post by shanendoah on Jan 10, 2017 12:37:08 GMT -5
shanendoah: 1/10/2017 $20 (Goal: $480)
First paycheck of the year = first auto-deduction into savings.
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Deleted
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Post by Deleted on Jan 10, 2017 12:45:45 GMT -5
I just want to say I'm really happy no one snickered at my puny savings goals. At my age and stage of life, we should have much more. Health issues have really done a job on plans and intentions. So this week, on to saving another $3.20! Hmm, maybe I'll add a monthly challenge. Or another pot for car maintenance. Life and circumstances are different for everyone. I am not going to giggle and I am sure there have been several people that have been really similar in life to were you are right now finnime. Just keep taking small steps forward. Which is all anyone can do really.  I've definitely been there and in the back of my mind I know it wouldn't take much to be there again, which is probably why now that there has been money the past few years I'm a bit OCD about saving it. |
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shanendoah
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Post by shanendoah on Jan 10, 2017 12:49:38 GMT -5
finnime - I don't exactly have a huge savings goal this year, either. I know it's hard not to compare yourself to the others here. I struggle with the same thing. I just have to remind myself that my savings race/goals have to fit my life, and my financial situation RIGHT NOW. Things could change. But this is where I am right now. And I have to accept that and do the best I can with it.
I had to fight myself not to up my goal to an "even $500", because that just seemed so much better than $480, but I'd rather have a goal I can meet (or maybe beat) than a goal I come just short of and beat myself up about missing.
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NastyWoman
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Post by NastyWoman on Jan 10, 2017 15:39:37 GMT -5
Well.....a new year is here and I am excited to get back on the savings wagon. Paid off my car loan on 12/31 which was my goal. Frees up some cash now to have a more regular saving plan. On to paying off student loans but that will be YEARS so.....for now, focus on savings. I didn't get very far on my goals last year after withdrawing everything to pay off cc debt.....so starting over at $0.00. I have some huge goals for long term and some short term goals for this year. So....my goal is huge but I know I will make some of them this year and some in the future. | Savings 2017 | | Fund | Goals | Previous Bal | Jan 2016 | YTD | Spent | End Bal | % Met | | Emergency Fund - Minor | $1,000.00 | $0.00 | $700.00 | $700.00 | $0.00 | $700.00 | 70.00% | | Emergency Fund - Major | $20,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Insurance - Deductible | $1,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Roof | $4,000.00 | $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% | | Appliances | $3,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Hardwood Floors | $3,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Tires | $800.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 12.50% | | Car Maintenace | $1,000.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 10.00% | | Car Replacement | $30,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Gifts | $1,200.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 8.33% | | Spring Break Trip 2017 | $500.00 | $0.00 | $200.00 | $200.00 | $0.00 | $200.00 | 40.00% | | Summer Trip 2017 | $500.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | MN trip 2017 | $1,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Hawaii trip | $2,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Total Savings | $72,000.00 | $0.00 | $1,200.00 | $1,200.00 | $0.00 | $1,200.00 | 1.67% | |
Teachermom $1200.00 1/9/2017 ($0.00, 1/1/2017, Goal $72,000)This must have some long term goals in there right? Otherwise all I can say is HOLY SH*T. And I thought I was a supersaver by saving ~ 60% of my salary... |
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TheHaitian
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Post by TheHaitian on Jan 10, 2017 16:32:53 GMT -5
Well.....a new year is here and I am excited to get back on the savings wagon. Paid off my car loan on 12/31 which was my goal. Frees up some cash now to have a more regular saving plan. On to paying off student loans but that will be YEARS so.....for now, focus on savings. I didn't get very far on my goals last year after withdrawing everything to pay off cc debt.....so starting over at $0.00. I have some huge goals for long term and some short term goals for this year. So....my goal is huge but I know I will make some of them this year and some in the future. | Savings 2017 | | Fund | Goals | Previous Bal | Jan 2016 | YTD | Spent | End Bal | % Met | | Emergency Fund - Minor | $1,000.00 | $0.00 | $700.00 | $700.00 | $0.00 | $700.00 | 70.00% | | Emergency Fund - Major | $20,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Insurance - Deductible | $1,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Roof | $4,000.00 | $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% | | Appliances | $3,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Hardwood Floors | $3,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Tires | $800.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 12.50% | | Car Maintenace | $1,000.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 10.00% | | Car Replacement | $30,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Gifts | $1,200.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 8.33% | | Spring Break Trip 2017 | $500.00 | $0.00 | $200.00 | $200.00 | $0.00 | $200.00 | 40.00% | | Summer Trip 2017 | $500.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | MN trip 2017 | $1,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Hawaii trip | $2,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Total Savings | $72,000.00 | $0.00 | $1,200.00 | $1,200.00 | $0.00 | $1,200.00 | 1.67% | |
Teachermom $1200.00 1/9/2017 ($0.00, 1/1/2017, Goal $72,000) Wow that is one insane goal!!! I want to be like you when I grow up 😱😱😱 |
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TheHaitian
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Post by TheHaitian on Jan 10, 2017 16:34:14 GMT -5
Well.....a new year is here and I am excited to get back on the savings wagon. Paid off my car loan on 12/31 which was my goal. Frees up some cash now to have a more regular saving plan. On to paying off student loans but that will be YEARS so.....for now, focus on savings. I didn't get very far on my goals last year after withdrawing everything to pay off cc debt.....so starting over at $0.00. I have some huge goals for long term and some short term goals for this year. So....my goal is huge but I know I will make some of them this year and some in the future. | Savings 2017 | | Fund | Goals | Previous Bal | Jan 2016 | YTD | Spent | End Bal | % Met | | Emergency Fund - Minor | $1,000.00 | $0.00 | $700.00 | $700.00 | $0.00 | $700.00 | 70.00% | | Emergency Fund - Major | $20,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Insurance - Deductible | $1,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Roof | $4,000.00 | $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% | | Appliances | $3,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Hardwood Floors | $3,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Tires | $800.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 12.50% | | Car Maintenace | $1,000.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 10.00% | | Car Replacement | $30,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Gifts | $1,200.00 | $0.00 | $100.00 | $100.00 | $0.00 | $100.00 | 8.33% | | Spring Break Trip 2017 | $500.00 | $0.00 | $200.00 | $200.00 | $0.00 | $200.00 | 40.00% | | Summer Trip 2017 | $500.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | MN trip 2017 | $1,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Hawaii trip | $2,000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 0.00% | | Total Savings | $72,000.00 | $0.00 | $1,200.00 | $1,200.00 | $0.00 | $1,200.00 | 1.67% | |
Teachermom $1200.00 1/9/2017 ($0.00, 1/1/2017, Goal $72,000)This must have some long term goals in there right? Otherwise all I can say is HOLY SH*T. And I thought I was a supersaver by saving ~ 60% of my salary... Hey now, 60% is nothing to sneeze at either! 👍🏾👍🏾 Question: how do you do it? We try to do a minimum 25% and anything over 30% we feel awesome. So 60% is unthinkable for us unless we greatly overnight double/triple our income or something. |
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NastyWoman
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Post by NastyWoman on Jan 10, 2017 16:51:16 GMT -5
This must have some long term goals in there right? Otherwise all I can say is HOLY SH*T. And I thought I was a supersaver by saving ~ 60% of my salary... Hey now, 60% is nothing to sneeze at either! 👍🏾👍🏾 Question: how do you do it? We try to do a minimum 25% and anything over 30% we feel awesome. So 60% is unthinkable for us unless we greatly overnight double/triple our income or something. TheHaitian it's not that hard once (a) you are older --- remember I am the REALLY old 39yo who is eligble for Medicare, (b) kids are grown and more than self-sufficient, (c) mortgage is paid off, and (d) last but not least my salary is now 250% from what it was 16 years ago but my spending has only gone up 20%. Not that that is something to boast about since I already have everything I need and I don't like getting rid of things until I don't have a choice.
Long story short - it is a stage-of-life thing 
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Jaguar
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Post by Jaguar on Jan 10, 2017 19:11:09 GMT -5
One of my relatives from way back in the 1800's/1900's made both her kids millionaires when she died. She hid pennies every freaking where all over her farm. Pennies, yup she saved pennies, so do not knock any amount that's saved. A saving is a saving no matter how you slice it.
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TheHaitian
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Post by TheHaitian on Jan 11, 2017 0:56:11 GMT -5
I will also ask in the WIRR thread to get somewhat unbiased responses but here it goes as a good discussion for this thread:
How do you feel about using your credit cards as your Emergency Fund?
Off course retirement savings is off limit (always is for me) but let's say no savings at all and throwing it all at the debt and having the credit card as EF.
Off course you would have to include the new credit card debt incurred in your debt paydown but basically focusing on paying down debt vs 50/50 approach?
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Deleted
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Post by Deleted on Jan 11, 2017 10:36:18 GMT -5
I think credit cards are a horrible emergency fund. For one thing not everyone TAKES credit cards. My mortgage and childcare for starters, so how would I pay these things? When my well pump went out a few years back, it was 5K, one man operation. No credit cards accepted. Plus, you still have to make payments on the debt. If you have a job loss where are you going to get the money to make the minimum payments if you have no emergency fund?
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forwardwego
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Post by forwardwego on Jan 11, 2017 22:08:47 GMT -5
I will also ask in the WIRR thread to get somewhat unbiased responses but here it goes as a good discussion for this thread: How do you feel about using your credit cards as your Emergency Fund? Off course retirement savings is off limit (always is for me) but let's say no savings at all and throwing it all at the debt and having the credit card as EF. Off course you would have to include the new credit card debt incurred in your debt paydown but basically focusing on paying down debt vs 50/50 approach? Good question. Like a lot of financial strategies, it comes down to the individual or household. Our household has to have an actual EF account. It acts as both a safety net, and a mental and emotional barrier against debt. We needed an EF that we "protect" and that protects us from debt. In my mind I have to use the EF before I can go into credit card debt. And I worked so long and hard to build our little EF that I don't want to have to build it from scratch again if I can help it. Life is chock full of "emergencies" ranging from tiny to huge. If we used a CC for a tiny emergency, and the next tiny emergency, etc we would grow a balance. We did that for a lot of years. It was like being a hamster on a wheel. |
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teachermom
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Post by teachermom on Jan 11, 2017 23:05:41 GMT -5
The goal I posted definitely includes long term goals and I will be luck to get 1/8th of this done this year....I just hate restarting so I decided to try this, putting up everything I am saving for and then see....so yes, some will take multiple years and I am ok with that. Some are things I need to have in place for spending this year....gifts, possibly tires, car maintenance. We will be going to Minnesota this summer so I know I have to save that....other vacations may or may not happen and I am not sure where they will be to or maybe will just be a weekend trip. My car fund....hopefully I will get another 5 years or more out of mine...it is a Honda and totally feasible if maintained. I will see how this format goes this year and modify next year if needed. TheHaitian - I have struggled with that same issue. I paid off my credit cards and have no credit card debt but also didn't have an EF or money saved for Christmas etc. Needless to say, it was easy to charge some of those things through the holidays and get back in debt a bit. I agree with the others in that, if I have to withdraw the cash, it is much harder for me and I am very conscientious about that decision. Much easier to charge and pay later. However, if I were to do that....I would designate a paid off card with low interest rate and have very specific guidelines (what constitutes an emergency and using the card) and then be putting everything I could on debt so I was out of debt quickly. The questions I have would be.....how fast can you be out of debt doing that? How disciplined can you be in using that card for "emergencies" versus "wants"? Teachermom |
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Post by Deleted on Jan 12, 2017 10:20:06 GMT -5
TheHaitian I do think if you're already sitting on a lot of high interest CC debt, you shouldn't build a big EF and focus on paying down the debt. At that point, you're not really that much worse off by charging again if you need to (as long as you don't get caught up in the charging more than you need to as was previously stated), but I still think there should be SOMETHING in liquid assets to get you through the smaller bumps while paying down debt. Dave Ramsey says $1000. I wouldn't be comfortable with it being that low, (although he says being uncomfortable is the point). I think being able to pay a month of expenses is probably safer.
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movinonup
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Post by movinonup on Jan 12, 2017 21:05:04 GMT -5
I will also ask in the WIRR thread to get somewhat unbiased responses but here it goes as a good discussion for this thread: How do you feel about using your credit cards as your Emergency Fund? Off course retirement savings is off limit (always is for me) but let's say no savings at all and throwing it all at the debt and having the credit card as EF. Off course you would have to include the new credit card debt incurred in your debt paydown but basically focusing on paying down debt vs 50/50 approach? Interesting article: www.investopedia.com/articles/personal-finance/123113/why-emergency-funds-are-bad-idea.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186&lgl=bt1tn-above-textnote A very good point that the author makes: Perhaps you’re worried about the transmission falling out of your car, which would necessitate a $3,000 repair. If you feel that the prospect of this problem warrants creating an emergency fund, but you’re already carrying enough debt to cover three or four transmission replacements, the sad news is this: Your emergency has already begun. It began several thousand dollars ago.
Personally, I keep some cash available, have a credit card available that doesn't have a balance, and am able to sell some of the investments that I hold in taxable accounts. The investments are my true emergency fund. Really, your comfort with having or not having a cash emergency fund is probably the deciding factor of whether to have an emergency fund and how large it should be. -movinonup |
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TheHaitian
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Post by TheHaitian on Jan 12, 2017 23:12:37 GMT -5
TheHaitian I do think if you're already sitting on a lot of high interest CC debt, you shouldn't build a big EF and focus on paying down the debt. At that point, you're not really that much worse off by charging again if you need to (as long as you don't get caught up in the charging more than you need to as was previously stated), but I still think there should be SOMETHING in liquid assets to get you through the smaller bumps while paying down debt. Dave Ramsey says $1000. I wouldn't be comfortable with it being that low, (although he says being uncomfortable is the point). I think being able to pay a month of expenses is probably safer. My mortgage is $3,240 (PITI) so an EF of $1,000 would not work for me  |
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forwardwego
Well-Known Member
Joined: Dec 22, 2010 3:54:23 GMT -5
Posts: 1,400
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Post by forwardwego on Jan 13, 2017 12:13:58 GMT -5
Update 1/13/17 $13215 (Start $12165, Goal $32000) | 2017 FUND | Present | Goal | % Met | $$ Needed | | EF Bridge | 5120 | 10000 | 51 | 4880 | | Veh XF | 500 | 1500 | 33 | 1000 | | Med XF | 500 | 1500 | 33 | 1000 | | Rental Margin | 1690 | 10000 | 16 | 8310 | | DD invest/gift | 3700 | 5000 | 74 | 1300 | | Rusty J Boxer Pt2 | 1530 | 2000 | 76 | 470 | | Weekly Challenge* | 175 | 2000 | 8 | 1825 | | TOTALS | 13215 | 32000 | 41 | 18785 |
*$50 base + (sum of $12 thru $63) = $2000 | 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 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 |
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I am a creature of habit and these new goals feel weird... going to need some breaking in time |
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azucena
Junior Associate
Joined: Jan 17, 2011 13:23:14 GMT -5
Posts: 5,942
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Post by azucena on Jan 13, 2017 12:57:11 GMT -5
I'd like to save $10,000 to my down payment account by 3/31. Part of this will include my bonus which is paid in March but that number is up in the air. Then, I'm going to rethink my savings goals after we move.
Goal $0/$10,000 by March 31 I don't mind being left out of the smiley and updates because I've set it up differently. I just like the accountability of posting here.
Good news, bad news...
Good news is significant progress towards my goal as both my husband and I got paid today. After covering all of our bills for the next two weeks, I made a deposit into savings.
Paycheck transfer of $1006 so $1006 / $10,000 goal by 3/31
For those of you following along from home (LOL), this puts my total down payment savings to $49,959 just a tiny bit short of my 2016 goal of $50,000. 
Bad news, in reconciling my 2016 balances, I discovered a fairly significant spending leak. I think I had my head in the sand about it for at least the last six months. But in yearend totals it really became clear. I've mentioned before that I'm the saver and my husband is the spender. To avoid disagreements, we agreed to set him up with his own account and auto deposit $125 every month and I would just avoid looking at where/what he was spending from there. This was supposed to be random purchases and Starbucks, I didn't care if he charged some work lunches through our regular spending because I do the same. Well he was about $1000 over that for the year when I total random spending through our main account. Then, I also noticed other odds and ends credit card payments that totaled $2000. When we talked, he thought he had a system in place to use a credit card that I didn't know he had to charge his purchases and then pay them off out of our family account and then reimburse that account from his personal one. Well, you can imagine which step was often getting skipped. He thought he was 'making money on the rewards' which was why he opened the card in the first place. You can imagine that I was livid about this, particularly since most of his purchases were kickstarter and board games that have begun to be a source of contention for storing in our house, not to mention moving. The glimmer of good news within this is that the credit card doesn't have an outstanding balance so this whole mess could have been much, much worse. He brought a small amount of credit card debt into our marriage 15 years ago that I didn't know about and took us a while to pay off. So there was already a trust issue there that I thought we had really gotten past. Hence our agreement that he shouldn't have open cards that I didn't know about. Credit report has been pulled and there isn't anything else there. I'm kicking myself for not noticing the small transactions here and there and also just avoiding the nagging idea that the amount of stuff coming to the house exceeded $125. I've agreed to let it go and he has given me 'permission' to dig in and question ongoing charges. He clearly feels remorse and is the type of guy that really doesn't put together how $20 here and there really adds up. His love language is definitely gifts so buying himself things he could never afford as a really poor, to the point of eating at friends houses or not eating, and he knows that this gets him into trouble sometimes.
Anyway, it's been a couple of days since our discussion and we've sat down and reviewed 2016 along with our balances and goals and we're back on the same page. We talked about the $125/month and he will work within that and doesn't think an increase is warranted particularly after the last bit. And if $125 feels low given our combined income, we talk about fun spending above that and negotiate it on larger types items. This is really just frivolous, hobby type stuff.
Once again, this group is my therapy because I haven't said anything to anyone about this in real life. Not even close girlfriends because I'm really just trying to work through it and then let it go.
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Jaguar
Administrator
Fear does not stop death. It stops life.
Joined: Dec 20, 2011 6:07:45 GMT -5
Posts: 50,108
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Post by Jaguar on Jan 13, 2017 13:07:21 GMT -5
I finally heard from the government this morning, YUP I was right they did overpay me. I now owe them some money, lmao. I got it, I just got to get my ass down to the bank, and I'm lazy today. So I was right, they can't do math that well. |
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seriousthistime
Junior Associate
Joined: Dec 22, 2010 20:27:07 GMT -5
Posts: 5,178
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Post by seriousthistime on Jan 14, 2017 12:27:22 GMT -5
2017 Savings
| 2017 Goal | Added | 1/14/2017 | % Saved | Roses | | Gifts | $ 2,600 | $100 | $100 | 3.8% |
| | Travel | $ 2,000 | $240 | $240 | 12.1% |
| | EF increase | $ 2,600 | $100 | $100 | 3.8% |
| | Weekly Savings | $ 2,078 | $78 | $78 | 3.8% |
| | Moving | $ 2,000 | $75 | $75 | 3.8% |
| | Sweep Fund | $ 2,600 | $0 | $0 | 0% |
| | Total | $13,878 | $593 | $593 | 4.3% |
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First update of the new year. My sweep fund stands at $0 because even though there was money in my checking account just before payday, I need to catch up on a few things and can't just sweep that balance into the sweep fund. Next paycheck, maybe...
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finnime
Junior Associate
Be kind. Everyone you meet is fighting a great battle.
Joined: Dec 23, 2010 7:14:35 GMT -5
Posts: 8,151
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Post by finnime on Jan 14, 2017 12:55:55 GMT -5
Finnime - 1/14/2017 $12.25 [ $2,996.50 ]
| Saved | Goal | % Saved | Periods Completed
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| | Weekly Challenge | $6.00 | $1,378
| .44
| 02/52 | | Daily Dime Challenge | 3.20
| $954.20 | .34
| 12/365 | Penny Challenge
| 3.05
| $664.30
| .46
| 12/365
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| | Total EF | $12.25 | $2,996.50
| .41% |
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Added the penny challenge to get a $3,000 EF built. That feels better. DH is well on board, handing me small bills and change as soon as he finds them. |
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seriousthistime
Junior Associate
Joined: Dec 22, 2010 20:27:07 GMT -5
Posts: 5,178
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Post by seriousthistime on Jan 14, 2017 15:41:51 GMT -5
Finnime - 1/14/2017 $12.25 [ $2,996.50 ]
| Saved | Goal | % Saved | Periods Completed
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| | Weekly Challenge | $6.00 | $1,378
| .44
| 02/52 | | Daily Dime Challenge | 3.20
| $954.20 | .34
| 12/365 | Penny Challenge
| 3.05
| $664.30
| .46
| 12/365
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| | Total EF | $12.25 | $2,996.50
| .41% |
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Added the penny challenge to get a $3,000 EF built. That feels better. DH is well on board, handing me small bills and change as soon as he finds them. You're well on your way, finnime! Good for you. |
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TheHaitian
Senior Associate
Joined: Jul 27, 2014 19:39:10 GMT -5
Posts: 10,144
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Post by TheHaitian on Jan 14, 2017 19:36:53 GMT -5
TheHaitian - 01/14/17 : $3,278.78 -----> Goal : $42,500
Might as well do something useful while waiting in the hospital.... | Account | Account Goal | Account Balance | Spent Money | Total Saved | Difference | % Goal | | Savings | 9,250.00 | 1,000.00 | 0.00 | 1,000.00 | 8,250.00 | 10.81% | | Car Fund | 2,500.00 | 900.00 | 0.00 | 900.00 | 1,600.00 | 36.00% | | C - Retirement | 18,000.00 | 845.00 | 0.00 | 845.00 | 17,155.00 | 4.69% | | S - Retirement | 6,000.00 | 533.78 | 0.00 | 533.78 | 5,466.22 | 8.90% | | HSA Account | 6,750.00 | 760.38 | 0.00 | 760.38 | 5,989.62 | 11.26% | | TOTAL | 42,500.00 | 3,278.78 | 0.00 | 3,278.78 | 38,460.84 | 7.71% |
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forwardwego
Well-Known Member
Joined: Dec 22, 2010 3:54:23 GMT -5
Posts: 1,400
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Post by forwardwego on Jan 14, 2017 20:11:28 GMT -5
TheHaitian I am so very happy for you. Looking forward to hearing your happy announcement. 35 weeks gestation is amazing, and a relief I imagine.
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