Women in Red SAVERS 2020

[forwardwego]

Update
Seriousthistime, 7/10/2020, $30,469 (Goal, $30,478)



seriousthistime I'd love to send you a ten spot 

[Rukh O'Rorke]

UPDATE! Rukh O'Rorke 07/10/2020

2020 goals: $23,121.66  (Start=$0 / Goal=$43,600)

                                            

Saving Goals for 2020

Account	Goal	Added	Saved	Percent
401k	$26,000	$1,424.74	$9,029.32	35%
HSA	$7,600	$292.31	$4,092.34	54%
EF:MM	$5,000	0	$5,000.00	100%
EF:ETFs	$5,000	0	$5,000.00	100%
Total	$43,600	$1,717.05	$23,121.66	53%

Regular payday updates, still trying to max 401k by years end.....the outlook is cloudy....

[azucena]

Jun 26, 2020 7:34:38 GMT -5 azucena said:

Jun 12, 2020 15:31:45 GMT -5 azucena said:

Payday update.  DH is on unpaid leave but using up all of his PTO for except a week first.  I think this means he will get at least one more check 6/30, but I'll wait until I see it before I count it.  At our current shelter in place level of spending, we can weather it.

Still trying to get $800 worth of camp refunds back.  Have emailed 3 times to leave a paper trail and have also left two voicemails.  I have better things to do and would turn this errand over to DH except that camp is thru his employer so it gets tricky for him to ask for a refund.

Makes my mathematical heart happy that we nailed 50% as we are ending June.  Couldn't have 'budgeted' closer 

6/26 Azucena $15,027 of $30,000 goal (50%)

Looks like I missed updating last week, so I'll just combine it into one update.  We continue to rack up savings mostly because we are not going anywhere.  DH should get one more partial payment of remaining PTO before his unpaid leave officially kicks in.  Remains to be seen when we will okay with him going back to work.  Fortunately, it's not a financial decision in part because I'm the bread winner but also because we have a nice healthy savings cushion.

Received the last of the summer camp refunds which was $900.  Now it sits as a credit on our credit card, so I'll need to remember to use it to buy groceries to run it off.  Another $200 sits on another card refunded from another camp. It's a weird position to be in to have the CC companies 'owe' us.

Payday deposit $3109.  We have our eye on a couple of minor home improvements - creating better entryway storage, updating our bar storage to have cabinets instead of shelves, new basement fridge.  These are mostly on hold because they are wants, not needs, and we don't want extra people in our house right now.  But it's likely any savings we compile above our annual goal will be spent on these things.

7/10 Azucena $18,136 of $30,000 goal (60%)

[seriousthistime]

Jul 10, 2020 9:05:42 GMT -5 forwardwego said:

Update
Seriousthistime, 7/10/2020, $30,469 (Goal, $30,478)



seriousthistime I'd love to send you a ten spot 

I know.  This is the game I play with myself.  My goal for payoff is in August.  I'm trying to stick to that because when I earn the  I'll feel like I have to come up with a new savings goal for the rest of the year.  And the rest of the year is so unsettled.  And I really hate to have NO savings goal staring me in the face, even for a week.  (That's the difference from the pre-Saver me to the post-Saver me.)

I'm still crunching numbers on my retirement budget, but as long as I'm working I feel I should have a solid savings plan. Always.  

Besides, a ten spot wouldn't do it.  That's what it would take to bring the bottom line to 100%, but I still wouldn't have earned a   for Weekly Savings. 

Thanks for the offer though!

[Rukh O'Rorke]

Rukh O'Rorke #2  Multiyear EF Goal 07/13/2020 18,760.90 ((Start=$500 / Goal=$20,000)

still maintaining the post-paycheck auto depo into EF at 250.

Haven't started tapping EF as yet.

Did get a ~2k RI project this month, was surprised it came through. Also, 1k project for October is scheduled. 

That will help me keep the 401k contribution going to max by year's end

[shanendoah]

shanendoah [Q3]: $1,000 7/7/2020 (Goal: $4,500 9/30/2020)
ROTH [Q3]: $0 7/7/2020 (Goal: $1,500 9/30/2020)
Savings [Q3]: $1,000 7/7/2020 (Goal: $3,000 9/30/2020)

Balancing the checkbook today, doing the cash flow projections with credit card payments through Aug 10, and determined that we had $1k that could go into savings, so made the transfer.



[Q1]: $7,037.28 3/25/2020 (Goal: $5,040 3/31/2020)
[Q2]: $5,475 6/25/2020 (Goal: $2,500 6/30/2020)

[flamingo]

I'm slacking on updating here, oops. I'll post an update at the end of July.

In the meantime, I know it's going to show some backsliding. I used my savings to buy a decent desk chair AND a new at home spin bike. I'm rationalizing the expensive spin bike by saying, well due to COVID I had to cancel my gym membership. Which, ok, it's true, but I was only spending $10/month on the membership. Sooo, not quite the same amount of money, haha. Whatever, since I can't really go on vacation anymore, it's coming from that fund and I'm not going to worry about it. The bike gets here next week - I can hardly wait!

[nidena]

Surprisingly, even with all the turmoil going on in my bank accounts, my total savings has increased by $400 since my June 1st tally.  I may need to add another category to the list: home improvements.  

April 11th:  $16,308.01
June 1st:    $18,311.42
July 22nd:  $18,739.36

[Deleted]

I can't believe we're almost to the end of July already.  It's looking good to hit my 401K goal by end of September, but I'll need to crunch the numbers once I get closer as I may have to increase that.  Covid put the kabosh on my childcare FSA so that's throwing me off. 

 

Fund	2020 Goal	Current	Needed	% Complete
401K	$15,000	$12,491	$2,509	83.27%
HSA	$7,100	$4,019	$3,550	56.61%
College	$1,900	$1,400	$500	73.68%
IRA	$500	$500	$0	100.00%
Pr. High School	$500	$500	$0	100.00%
Vacation	$500	$500	$0	100.00%
Christmas	$500	$200	$300	40.00%
Total	$26,000	$19,610	$6,390	75.42%

MPL 7/23/2020  $19,610 - Goal $26,000

[seriousthistime]

Update

Account Name	Goal	Start	Amt. Saved 7/23/20	Amt. Saved %	Roses
Gifts	$2,600	$2,300	$2,613	100.0%
Property Tax	$5,500	$0	$5,500	100.0%
Travel	$4,000	$5	$4,000	100.0%
Car	$3,000	$17	$3,000	100.0%
Survival Fund	$6,000	$16	$6,000	100.0%
Weekly Savings	$1,378	$13	$1,379	100.0%
Household/EF	$2,000	$5	$2,042	102.1%
Mortgage	$6,000	$695	$6,000	100.0%
Total	$30,478	$3,051	$30,534	100.0%

Seriousthistime, 7/23/2020, $30,534 (Goal, $30,478)


Weekly Savings Tracker:

[seriousthistime]

Seriousthistime [2], 7/24/20, $10,000 (Goal $10,000) 

Seriousthistime [3], 7/24/20, $850 (Goal $25,000)


I just couldn't finish two goals without starting a third one.  

Remember, I am on the fast track to retirement now.  I am socking away every last penny I've got.  Next year's savings goal will be way more modest. 

[forwardwego]

seriousthistime I   your Saver Race #3. You set a good example of how savings goals can (and maybe should) shift and change. 

ETA: My participation as a WIRSaver has enhanced my ability to adjust to new times and circumstances. While I'm typing out my thoughts for my fellow Savers I usually end up understanding my situation better. 

WIRSavers Rock!!!

[azucena]

Jul 10, 2020 10:02:54 GMT -5 azucena said:

Jun 26, 2020 7:34:38 GMT -5 azucena said:

7/10 Azucena $18,136 of $30,000 goal (60%)

Payday deposit of $1375 and likely last one for July.

DH's paychecks have officially stopped as he has used all his PTO except one week, so he's now unpaid.  Thankfully, our budget numbers look good and this likely means we will just put less in savings.  We're still not spending as much as normal because we're not leaving the house much.

Back to school expenses will hit next month.  Tried talking to the kids about using the same backpacks and raiding the school supplies around the house and then making a list of only what they really need to buy.  Got shocked faces at that one.  Backpacks are where they pushed back the hardest but the ones from last year are in decent shape.  We'll see - not sure it's worth arguing over since we can afford it.

7/24/2020 Azucena $19,511 of $30,000 goal (65%)

[snapdragon]

Well I am going to have to basically slow down on my savings goals at the moment. Work has been slapped around due to the virus. I and every other salary employee were given a 10% pay cut and the first check was received on Monday with my new take home. I am going to have to wait a bit and see how this progresses. Let's just say that I am sorta bitter at the moment - especially since I haven't gotten a raise in 3 years. 

I finally have the court approval to start selling and dealing with Dad's estate....I basically had to turn into the Hulk and demand my retainer and the will back before he did his *n job. If he had been doing his job I could have started dealing with this back in May or June...now it is going to be August I expect. I ended up getting really ticked off after not hearing from him after the 4th. And 2019 taxes were to be done by the 15th.  Luckily I have a wonderful friend who has been a paralegal for many years and she is the one who got me my approval paperwork. I still haven't heard from the lawyer by the way. 

So PUBLIC ANNOUNCEMENT TIME -- 

It doesn't matter if someone else wrote the will of a loved one up...you can take it to anyone you want to for getting the estate settled. I used the lawyer that Dad and his wife used and it was a big mistake on my part. I should have used someone much closer to me and not dealt with this ineptness for so long.  

[seriousthistime]

And sometimes the inept lawyer actually keeps the will in his or her file.  Maybe you should insist that the original will not be kept in the law office. 

[snapdragon]

Actually the will is with the state now. I was smart enough to scan it before I dropped it off though. In my state, the will is held with the person who it applies to. I had the original copy and when everything was finally handed over to probate they kept it. Or maybe they copied also -- everything is electronic but it might have been mailed to the court so I just don't know.

[TheOtherMe]

Jul 24, 2020 11:16:24 GMT -5 snapdragon said:

I finally have the court approval to start selling and dealing with Dad's estate....I basically had to turn into the Hulk and demand my retainer and the will back before he did his *n job. If he had been doing his job I could have started dealing with this back in May or June...now it is going to be August I expect. I ended up getting really ticked off after not hearing from him after the 4th. And 2019 taxes were to be done by the 15th.  Luckily I have a wonderful friend who has been a paralegal for many years and she is the one who got me my approval paperwork. I still haven't heard from the lawyer by the way. 

So PUBLIC ANNOUNCEMENT TIME -- 

It doesn't matter if someone else wrote the will of a loved one up...you can take it to anyone you want to for getting the estate settled. I used the lawyer that Dad and his wife used and it was a big mistake on my part. I should have used someone much closer to me and not dealt with this ineptness for so long.  

I'm sorry this has happened.  My parents had said that the attorney who drew up their will would have to be used.  They had given the originals of their wills to my sister.  She called the attorney they used for their will and he told her that was not true and it could be handled locally.

This could have ended up in a contentious situation because of my half sister so both sister and I agreed we needed an attorney.  

Dad died December 19, 2019.  Executor appointed January 20, 2020.  121 days later attorney called to say no one contested the will so the funds in the joint accounts with dad, sister and me were distributed.  Then the plan to disburse the estate funds had to be filed with the court.  Time to object to that is August 7.  The funds can not be distributed until a judge signs off and the estate account can finally be closed.  

You better get your retainer back.  Good luck

[Rukh O'Rorke]

UPDATE! Rukh O'Rorke 07/24/2020

2020 goals: $24,838.72  (Start=$0 / Goal=$43,600)

                                            

Saving Goals for 2020

Account	Goal	Added	Saved	Percent
401k	$26,000	$1,424.75	$10,454.07	40%
HSA	$7,600	$292.31	$4,384.65	56%
EF:MM	$5,000	0	$5,000.00	100%
EF:ETFs	$5,000	0	$5,000.00	100%
Total	$43,600	$1,717.06	$24,838.72	57%

Another payday, Another step forward..... 

[Rukh O'Rorke]

Jul 24, 2020 11:16:24 GMT -5 snapdragon said:

Well I am going to have to basically slow down on my savings goals at the moment. Work has been slapped around due to the virus. I and every other salary employee were given a 10% pay cut and the first check was received on Monday with my new take home. I am going to have to wait a bit and see how this progresses. Let's just say that I am sorta bitter at the moment - especially since I haven't gotten a raise in 3 years. 

I finally have the court approval to start selling and dealing with Dad's estate....I basically had to turn into the Hulk and demand my retainer and the will back before he did his *n job. If he had been doing his job I could have started dealing with this back in May or June...now it is going to be August I expect. I ended up getting really ticked off after not hearing from him after the 4th. And 2019 taxes were to be done by the 15th.  Luckily I have a wonderful friend who has been a paralegal for many years and she is the one who got me my approval paperwork. I still haven't heard from the lawyer by the way. 

So PUBLIC ANNOUNCEMENT TIME -- 

It doesn't matter if someone else wrote the will of a loved one up...you can take it to anyone you want to for getting the estate settled. I used the lawyer that Dad and his wife used and it was a big mistake on my part. I should have used someone much closer to me and not dealt with this ineptness for so long.  

sorry about the paycut and the legal issues....

hope everything gets smoothed out soon...

[speechchick71]

Update


Speechchick, 8/1/2020, $27120 (Goal $28,500)

	Goal	Amount Saved 8/1/2020	% Saved	Roses
403b	17,000	10070	59.24%
Roth IRA	5,500	12000	218.18%
Car expenses	4,000	2800	70%
General Savings	2,000	2250	112.5%
Total	28,500	27120	95.16%

Well I am totally on track to meet each individual goal which is making me feel pretty good. I need to start planning for 2021: I make a spreadsheet and figure out what amount is going to what fund. I was planning on paying off one of my cars and then putting a little extra toward the payment of the other one to get that paid off sooner too but now I think I need to hold on to my cash as I might need to replace my roof. I had a leak that leaked so infrequently that I would for get about it. Now it's an OMG I HAVE A LEAK type of leak. I share a roof with my neighbor so I need to convince him that it's time. I'm dealing with the original roof from 1982 so it's had a good run but I'm getting estimates of anywhere from $30k to $43k (split between the two of us). I need to get it done and then get a contractor to do some repairs to the drywall. I need to start making a plan to pay back my money market no matter what. It's been very nice to have that nice cushion and I know it's there to cover the expenses but I want to get into mega savings mode to get those numbers back!

[shanendoah]

shanendoah [Q3]: $2,000 7/27/2020 (Goal: $4,500 9/30/2020)
ROTH [Q3]: $500 7/7/2020 (Goal: $1,500 9/30/2020)
Savings [Q3]: $1,500 7/7/2020 (Goal: $3,000 9/30/2020)

Still doing pretty well in not spending much, so transferred another $500 to savings in addition to the $500 to C's ROTH.



[Q1]: $7,037.28 3/25/2020 (Goal: $5,040 3/31/2020)
[Q2]: $5,475 6/25/2020 (Goal: $2,500 6/30/2020)

[Rukh O'Rorke]

Rukh O'Rorke #2  Multiyear EF Goal 07/28/2020 $19,010.92 ((Start=$500 / Goal=$20,000)


Closing in on this one.....although - still need to pull some out, just haven't started those projects....

Will likely spend a lot of this and then replenish next year to make that 20k a semi-stable floor for the EF. That is the goal anyway...

[paynointerest]

UPDATE! July 28, 2020

Seriousthistime:  Congratulations with meeting your yearly savings goals! That is an impressive effort.  It is great that you are adding more to savings with the remaining months in 2020!

As I mentioned in my last post, I'm in supersaving mode to catch up my retirement account and am now adding a big chunk to my 457b.  I'm trying not to beat myself up too much, but man, I regret not saving more in these accounts from 2010 to now.  I was so gun shy and convinced the market was going to tank again that I limited my contributions.  At least I learned from that lesson and held tight during this last major downturn.

We met the goal of funding $10K of DH 403b supplemental retirement account ! Here are the numbers:

Pay-no-interest: $60,400.00 (Goal: $71,000)

	Goal	Saved	% of Goal	Amt Spent
My 403b	$19,500	$19,500	100%
My 457b	$19,000	$8,600	45%
Tax Invest Acct	$6,000	$7,300	122%
Property taxes	$4,750	$4,750	106%	$1,252
DH2020 Roth	$6,000	$6,000	100%
MY2020 Roth	$6,000	$5,250	79%
DH 403b	$10,000	$11,000	110%
Total	$71,000	$60,400	85%

[seriousthistime]

Hey Savers, it's almost the end of the month, again.  How did that happen?  

So looking at the calendar, I think I'll update the smilies on Tuesday, August 4.  That gives everyone a chance to get in a last update or two before I do the chart. 

Hope all is well in your neck of the woods. Stay cool, folks.

[resolution]

Update: Resolution 07/30/20 $29,100 (Goal: $35,000)

This was a good savings month for me. Our IRAs are maxed out and the 457 plan is a regularly scheduled payroll deduction, so all of my extra is going into the brokerage account at this point. The brokerage account is part money market and part S&P 500 index funds, so the only decision I have had to make was which fund to put it in.

My husband has hit the point on his fireplace project where he has to use up all the materials that we already bought, so we didn't need to buy anything this month.  He is doing everything by hand and it is taking him longer to work with the materials than it takes us to earn the money for the next set of materials. He is doing the trim work with hand planes and carving some of it with a chisel, so it is slowing down the pace that we spend on it.

Account	Goal	Saved  YTD	% of Goal
IRA 1	7,000	7000	100%
IRA 2	6,000	6000	100%
457 plan	10,000	6100	61%
Brokerage	12,000	10000	83%
Total	35,000	29,100	83%

[flamingo]

July Updates

                        Current            Goal                  Change



Savings/Efund.      $8,418         $10,000.          $0



Vacation Fund.          $600          $3,000.          -$200



Total.                      $9,018          $13,000.      -$200



Flamingo, 7/30/20 $9,018 (Goal $13,000)


Well, I'm down a couple hundred. I spent some of my vacation money on a new exercise bike. And then instead of adding an additional $200 to my savings account this month, i put that towards the bike too. Since I can't go anywhere, I decided to maximize my exercise experience here at home. Shrug. Someday I'll make it to $13,000. 

[Rukh O'Rorke]

Jul 30, 2020 13:04:50 GMT -5 resolution said:

Update: Resolution 07/30/20 $29,100 (Goal: $35,000)

This was a good savings month for me. Our IRAs are maxed out and the 457 plan is a regularly scheduled payroll deduction, so all of my extra is going into the brokerage account at this point. The brokerage account is part money market and part S&P 500 index funds, so the only decision I have had to make was which fund to put it in.

My husband has hit the point on his fireplace project where he has to use up all the materials that we already bought, so we didn't need to buy anything this month.  He is doing everything by hand and it is taking him longer to work with the materials than it takes us to earn the money for the next set of materials. He is doing the trim work with hand planes and carving some of it with a chisel, so it is slowing down the pace that we spend on it.

Account	Goal	Saved  YTD	% of Goal
IRA 1	7,000	7000	100%
IRA 2	6,000	6000	100%
457 plan	10,000	6100	61%
Brokerage	12,000	10000	83%
Total	35,000	29,100	83%

looks wonderful!!

[ArchietheDragon]

Jul 30, 2020 13:04:50 GMT -5 resolution said:

Update: Resolution 07/30/20 $29,100 (Goal: $35,000)

This was a good savings month for me. Our IRAs are maxed out and the 457 plan is a regularly scheduled payroll deduction, so all of my extra is going into the brokerage account at this point. The brokerage account is part money market and part S&P 500 index funds, so the only decision I have had to make was which fund to put it in.

My husband has hit the point on his fireplace project where he has to use up all the materials that we already bought, so we didn't need to buy anything this month.  He is doing everything by hand and it is taking him longer to work with the materials than it takes us to earn the money for the next set of materials. He is doing the trim work with hand planes and carving some of it with a chisel, so it is slowing down the pace that we spend on it.

Account	Goal	Saved  YTD	% of Goal
IRA 1	7,000	7000	100%
IRA 2	6,000	6000	100%
457 plan	10,000	6100	61%
Brokerage	12,000	10000	83%
Total	35,000	29,100	83%

Beautiful. That is a work of art.

[nikiz628]

2020 Savings	START	CURRENT	GOAL	STILL NEED
Emergency Fund	$1,000.00	$2,000.00	$2,000.00	goal met 5/28/20
DS1's Savings	$1,960.29	$2,061.48	$2,200.00	$138.52
DS2's Savings	$734.55	$835.21	$850.00	$14.79
Totals	$3,694.84	$4,896.69	$5,050.00	$153.31

NikiZ628 7/30/2020 $4,896.69 (Goal $5,050.00 WIRS2)

[seriousthistime]

Seriousthistime [3], 7/31/20, $5,250 (Goal $25,000)