Women in Red SAVERS 2020

[resolution]

Update: Resolution 11/23/20 $34,300 (Goal: $35,000)

I am still coasting to my goal with automatic deductions from my paycheck for the 457 plan. We have temporarily stopped all other savings due to buying a house. The asbestos removal started today and we hope to move in two weeks. We have a bid outstanding for some cement work in the outbuilding and will probably need to buy a bunch of random things that we don't know about yet. 

Account	Goal	Saved  YTD	% of Goal
IRA 1	7,000	7000	100%
IRA 2	6,000	6000	100%
457 plan	10,000	9300	93%
Brokerage	12,000	12000	100%
Total	35,000	34,300	98%

[sealy]

Sealy $5,001.66 11/29/2020 ($25,000)

[plugginaway22]

Hope everyone had a nice, quiet, safe Thanksgiving.  I cooked the big meal and then DH and I made deliveries to my Mom and daughter. It was a beautiful day, nice enough for DH and I to eat out on the patio and we really enjoyed it.

Did a quick look at numbers this morning, and even though I haven't yet figured out if we saved any money this month, I see highest net worth due to this stock market. Need to really get a snapshot of spending the past couple of months and update my spreadsheets.

The nice weather also helped DH to get motivated to finish yard cleanup and put up some Christmas lights. We had been leaning toward less decorating the past few years, but now that there is a toddler grandchild who LOVES lights, well now we are putting up more, ha-ha.

[seriousthistime]

Update

Name	Start	Current	Goal	%
Emergency Fund	$224	$1,074	$2,000	53.7%
Gifts	$14	$864	$2,300	37.4%
Travel	$2,310	$2,560	$5,000	51.2%
Property Tax	$2,785	$3,035	$5,500	55.2%
Weekly Savings	$227	$227	$1,605	14.1%
Total	$5,560	$7,760	$16,405	47.3%

Seriousthistime [M], 11/27/20, $7,760 (Goal, $16,405)


Weekly Savings chart

$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

[seriousthistime]

Attention Savers:

The end of the month is fast approaching.  I'll do the smilies on Thursday evening, December 3. Please get your updates in by then.  Thank you!

[sealy]

Finally reached $5K.  Now I'm trying to decide if I should continue to save for the rest of the year and start paying off my truck in January.

[Rukh O'Rorke]

UPDATE! Rukh O'Rorke [1] 11/30/2020


2020 goals: $39,767.54  (Start=$0 / Goal=$43,600)

                                            

Saving Goals for 2020

Account	Goal	Added	Saved	Percent
401k	$26,000	$1,626.00	$22,752.00	88%
HSA	$7,600	$292.31	$7,015.54	92%
EF:MM	$5,000	0	$5,000.00	100%
EF:ETFs	$5,000	0	$5,000.00	100%
Total	$43,600	$1,918.31	$39,767.54	91%

Only 2 more paychecks until the end of the year! I'm busting at the seams in terms of "extra" spending, but I think I'll at least make my savings goals for 2020....

and try to reel it in in early 2021....


Rukh O'Rorke [2] Multiyear EF Goal



$21,015.80 (Start=$500 / Goal=$20,000)

EF at 21k. Kind of a paradox in 2020. I've managed to save about 50k all told this year, between EF, 401k, and HSA. Did 10k more than planned into the EF after having one large RI project billed. 

So very many negatives in 2020, trying to at least see the bright spots.

I did finally contract out the first step of necessary home stuff, will be 2700 so that is a drag. Currently have about 5k sitting on credit cards, with about 4k needing to be paid mid Dec to avoid finance charges. Medical bills as well as the usual monthly bills/food shopping and some holiday splurging. 

Have about 2k in billing for RI this month, so waiting on that to come in. One last project for December expected. That will all really help get me back on track. But - more medical bills also expected to roll in in Dec with a small surgery for DD. Hoping that all goes smoothly for that! - and moneywise - can always take out of HSA if necessary, but I've been hoping to be able keep HSA as savings, and then as I get more built up, invest some of it for long term health care costs. 

Keep the faith everyone! On last month to make your goals. 

[plugginaway22]

Plugginaway22 12/01/20 $26,433 ($12,000)

2020             Saved          Goal

Jan                831.00      1000.00
    
Feb              1626.00      1000.00

Mar              3948.00      1000.00

Apr               1409.00      1000.00

May              4700.00      1000.00

June             2972.00       1000.00
July              6965.00       1000.00

Aug              1050.00       1000.00

Sept               400.00       1000.00

Oct                             1000.00
Nov              2532.00       1000.00
subTotals     26,433.00    12,000.00


Dear God I want this year to end, but what will be better in 2021?  For now we are fortunate to have our health and jobs, minimal expenses and the very intense desire to save so that we are prepared for no jobs, with a possible earlier retirement than planned. The world feels a bit bleak right now and sometimes I am having difficulty seeing light at the end of the tunnel. Grand-baby #3 is coming soon!

[Rukh O'Rorke]

plugginaway22 - when are you thinking of retirement now? and what did it used to be?

[plugginaway22]

Rukh,we always said retirement at age 62. DH will be 61 soon, I am 60. All that is holding us back is affordable health insurance.

[speechchick71]

Update


Speechchick, 12/3/2020, $34,619 (Goal $28,500)

	Goal	Amount Saved 8/1/2020	% Saved	Roses
403b	17,000	16169	95.11%
Roth IRA	5,500	12000	218.18%
Car expenses	4,000	4200	105%
General Savings	2,000	2250	112.5%
Total	28,500	34169	121.47%

I missed my end of Oct/beginning of Nov update so here is November's numbers!  I'm going to meet my goals. I have 2 more paychecks to put about $850 into that 403b! I really need to sit down and play with some numbers. I don't think I'll race the 403b again because that's automatic. I think I will track the Roth because I've been so lax on doing it over the years. I think I'm going to put a bigger goal on the general savings too. 

I hope everyone has been safe and healthy and that you continue to do what you can to avoid the 'Rona and any other illnesses. 

[seriousthistime]

Well, speechchick71, it looks like I forgot to do the smilies/updates last month, so we were plainly on the same wavelength. 

[seriousthistime]

Update!

Stars	Name		Amount Saved	Goal	% Saved	Roses	Smilies
	azucena		$24,402	$30,000	81.3%
	bobosensei		$7,786	$25,430	30.6%
	debthaven		7,551€	10,000€	75.5%
	finnime [1]		$0	$0	0.0%
	finnime [2]		$1,000	$18,500	5.4%
	flamingo		$9,418	$13,000	72.4%
	forwardwego		$12,305	$14,000	87.9%
	forwardwego		$45	$1,000	4.5%
	idlechatter		$24,062	$30,000	80.2%
	jenpen		$52,339	$48,550	107.8%
	minnesotapaintlady		$24,994	$26,000	96.1%
	nidena		$20,159	$145,000	13.9%
	nikiz628		$5,050	$5,050	100.0%
	paynointerest		$72,050	$71,000	100.1%
	plugginaway22		$26,433	$12,000	220.3%
	resolution		$34,300	$35,000	98.0%
	Rukh O'Rorke		$39,768	$43,600	91.0%
	Rukh O'Rorke [2]		$21,016	$20,000	105.1%
	Saving4Norway		$24,400	$24,006	102.0%
	sealy		$5,002	$25,000	20.0%
	seriousthistime		$30,534	$30,478	100.1%
	seriousthistime [2]		$10,000	$10,000	100.0%
	seriousthistime [3]		$28,000	$28,000	100.0%
	seriousthistime [M]		$7,760	$16,405	47.3%
	shanendoah [Q1]		$6,537	$5,040	129.7%
	shanendoah [Q2]		$5,475	$2,500	219.0%
	shanendoah [Q3]		$6,500	$4,500	144.4%
	shanendoah [Q4]		$8,300	$10,500	79.0%
	snapdragon		$8,733	$9,500	91.9%
	speechchick71		$34,619	$28,500	121.5%
	steph08		$31,972	$32,600	98.1%
	teachermom		$6,379	$75,000	8.5%
	tobinikui		$45,792	$96,940	47.2%

As always, let me know if your numbers, stars, bananas, and smilies are not correct.

We have more dancing bananas, stars, and roses, more birthday cakes, angels and party hats.  More of everything. Including more money in the bank!

[jenpen]

Jenpen, 11/30/2020, $52,339, 108% (Start $895, Goal $48,550)

Yikes, I thought I missed one month update -- no, it was 3 months!

Still chugging along. Due to changes at work, made some strategic changes to 403b contributions, redirecting most of those funds to my taxable account. I won't hit the 403b goal, but I don't have the energy to re-do my goals AGAIN.

	2020 Goal	Prior 7/31	Added	Current	% saved
403b (orig goal 24000)	22,000	14,000	4,500	18,500	84%
457b (orig goal 12000)	6,250	6,050	150	6,200	100%
Roth IRA	7,000	7,000	0	7,000	100%
Taxable inv	2,400	2,400	1,132	3,532	147%
LT savings	2,400	8,875	0	8,875	370%
ST to spend (orig 4800)	8,500	6,682	1,500	8,182	96%
Total (orig 52600)	48,550	47,557	7,282	52,339	108%

ETA: seriousthistime, sorry I missed the deadline for updates! Don't worry about this one. I'll get the end of year one in on time!

[seriousthistime]

Jenpen, I edited the smilies to get you updated. 

[Saving4Norway]

Month	2020 Goals	Saved	% Met
So far this year	$18,003	$19,400	108%
B of October	2000	3000	150%
E of October	1	0	0%
B of November	2000	2000	100%
E of November	1	0	0%
B of December	2000	2000	100%
E of December	1	0	0%
TOTAL	$24,006	$26,400	110%

Saving4Norway 12/3/20 $26,400 (Goal $24,006)
  

[Saving4Norway]

I can't remember if I mentioned it earlier - we paid off our mortgage this Fall! 
Maybe the ONLY good thing about 2020 for us.

[paynointerest]

Dec 6, 2020 2:12:51 GMT -5 Saving4Norway said:

I can't remember if I mentioned it earlier - we paid off our mortgage this Fall! 
Maybe the ONLY good thing about 2020 for us.

Congratulations Saving4Norway!  It is a great feeling to officially "own" your house and not to pay a monthly mortgage payment.

[teachermom]

Saving4Norway - Congrats!!! Still want to be like you when I grow up!!!

Teachermom

[snapdragon]

Snapdragon Update 12-08-20 - $8783.61 / $9500



Car/House $ 4279.58 / $5000



Savings $ 4504.03/ $4500



New Totals $ 8783.61 / $9500

I finally got to take a staycation last week. It was glorious! I just slept in and did much of nothing. I was really starting to get snappish and forgetful at work so the break was badly needed. 

Everyone take care. 

[shanendoah]

shanendoah [Q4]: $9,300 12/09/2020 (Goal: $10,500 12/31/2020)
ROTH C[Q4]: $2,000 11/16/2020 (Goal: $3,000 12/31/2020)
ROTH S [Q4]: $6,000 11/16/2020 (Goal: $6,000 12/31/2020)
Savings [Q4]: $1,300 11/16/2020 (Goal: $1,500 12/31/2020)

The last $1,000 in C's ROTH will go in at the end of this month. I don't expect I'll put the last $200 in general savings. 
We decided to indulge ourselves and buy a hot tub as a Christmas gift to ourselves. It won't arrive for another 4-5 months, but still have to pay for that now. 
Overall, very happy with what we managed to do savings wise this year, and am hoping that we'll be able to do close to the same next year, given my new job and raise.




[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)
[Q3]: $6,500 9/25/2020 (Goal: $4,500 9/30/2020)

[forwardwego]

UPDATE

Forwardwego(A) 10/19/2020 $12,305 (goal $14,000) 

Forwardwego(B) 12/11/2020 $715 (goal $1000, Cash Stash)
 
  

[Rukh O'Rorke]

UPDATE! Rukh O'Rorke [1] 12/11/2020


2020 goals: $41,685.85  (Start=$0 / Goal=$43,600)

                                            

Saving Goals for 2020

Account	Goal	Added	Saved	Percent
401k	$26,000	$1,626.00	$24,378.00	94%
HSA	$7,600	$292.31	$7,307.85	96%
EF:MM	$5,000	0	$5,000.00	100%
EF:ETFs	$5,000	0	$5,000.00	100%
Total	$43,600	$1,918.31	$41,685.85	96%

Only 1 more paycheck to go and still on track to meet all 2020 savings goals!!


Rukh O'Rorke [2] Multiyear EF Goal



$18,816.31 (Start=$500 / Goal=$20,000)

used 2700 for tree trimming and removing a lot of extraneous trees (that I should have gotten myself at the sapling stage... ...definitely a personal stupid tax....or maybe....a I-was-in-grad-school-for-5-years surcharge....) But another 250 rolled in with the paycheck.

Since this was a multiyear goal, and I still have more than what I wanted at end of 2020 (10500), I'm calling it a win..and still over 2 week left .

But if I said I needed to also bank the regular student loan amounts not being paid..... [img alt="" class="smile" src="//storage.proboards.com/forum/images/smiley/embarrassed.png"]

[azucena]

Nov 13, 2020 8:51:27 GMT -5 azucena said:

Oct 9, 2020 6:15:18 GMT -5 azucena said:

Payday deposit of $961.  Savings rate has slowed down as I'm not bothering to be as careful with spending in the craziness of the world right now.  As I'm seeing online black friday deals, I'm buying things for our family and house.  Likely also going overboard for kids Christmas as we're going to have to keep them busy thru this long winter.

Waiting for the third bid for our flooring project.  Found the luxury vinyl that we want for the basement.  Trying to find one to match/coordinate with the upstairs hard wood.  1000 square feet of basement and 3 upstairs bedrooms.  Likely cost $13k that comes from our overall savings.

Just got our first direct bill property tax after refinancing and taking it out of escrow.  We'll pay it ourselves when it comes, we said.  Bill is $4700.  Yowza!  That will also come from savings.  And, don't get me wrong, isn't unexpected but the timing right before Christmas along with the flooring bill is a triple whammy.

Not escrowing is still the right choice for us.  Plus refi put us at 2.5% interest rate and 15 yr repayment instead of 27 more yrs out of 30.  Saves us $100k in interest and also means that I'm no longer pre-paying at all because our overall interest is $50k which I can live with.  

Dancing within $3800 of having $100,000 in liquid savings for the first time ever.  Stinks not to at least kiss that goal but btwn flooring and taxes, buh bye for now.

Will start fresh in 2021 and still overall pleased with our 2020 given that DH has been on unpaid leave and only netted $2100 this year instead of $25,000.

11/13/20 Azucena $24,402 of $30,000 goal (81%)

Final update for the year.  Feels a bit like confession time.  We spent $12,000 on new floors and $5000 on property taxes this month.  The flooring replaces carpet that we've hated since we moved in 3 years ago.  This was pulled from savings, so we'll end the year right at 10,000 in savings.

Looking at 2020 in the mirror,
- we didn't know DH would only work in Jan, netting $1400 instead of $17,000
- we paid $14,000 cash for a used vehicle for DH after his bite the dust at 212k miles
- we refinanced our mortgage to a 15yr at 2.5% saving 100k in interest and setting us up to pay it off 12 years faster
- we skipped escrow, hence the tax hit just now which made us say what were we thinking but it was the right choice to cashflow given they were holding about $500 extra for us perpetually and we've proven that we can save for it
- we prepaid a couple grand for spring break at the beach
- maxed my 401k
All in all, I can't complain about the position we're in even with this late savings hit.  We were within $5k of reaching $100k in liquid savings - would have been nice to see that milestone.  Will likely set the same $30k goal for next year as it did push us to save.

12/14/20 Azucena $10,000 of $30,000 goal (33%)

[azucena]

Nice to see the likes/support.  I was a bit worried we'd overspent but my gut still says we made the right choices given the environment.  All 3 bedroom floors are finished now and they make me smile when I enter instead of wincing about the yucky carpet.

[seriousthistime]

Update

Name	Start	Current	Goal	%	Spent
Emergency Fund	$224	$2,000	$2,000	100.0%
Gifts	$14	$2,300	$2,300	100.0%
Travel	$2,310	$3,660	$5,000	73.2%
Property Tax	$2,785	$5,495	$5,500	99.9%
Weekly Savings	$227	$227	$1,605	14.1%
Total	$5,560	$13,682	$16,405	83.4%

Seriousthistime [M], 12/24/20, $13,682 (Goal, $16,405)


Weekly Savings chart

$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

[flamingo]

Final update for 2020: I did not hit my $13,000 goal. But I did hit $10,000 total. Which is nothing to sneeze at.

I'm ok with this. I think if 2020 had been a normal year and I could traveled, I would have ended up even farther behind. I bought some things I didn't plan on (hello spin bike and other home exercise equipment!) and I bought some new furniture for our place to spruce if up a bit. But I managed to keep saving through all of this, which I'm counting in as a win. And we didn't increase our debt, which is another win.

12/24/20 Flamingo $10,000 of $13,000 (77%)

[snapdragon]

Everything is still up in the air for me but I got close enough for the time being. 

Work is wobbling so I am holding off on doing much of anything until after the new year.

Everyone has made steps even if they weren't huge they did make a difference.

Have a safe and reasonably healthy holiday season. 

[resolution]

Update: Resolution 12/24/20 $35,500 (Goal: $35,000)

I met all of my savings goals for the year, although I took a step backwards when I raided the brokerage account for a down payment on a house last month.

I haven't figured out a plan for next year yet. I haven't received a full month of utility bills to see what the costs are, and there are a number of house projects on the horizon that don't have exact prices. Hopefully I will have the new goals figured out by the end of Jan. 

Thanks so much for organizing and running this thread. It has helped me to consistently stay on track throughout the year.

Account	Goal	Saved  YTD	% of Goal
IRA 1	7,000	7000	100%
IRA 2	6,000	6000	100%
457 plan	10,000	10500	105%
Brokerage	12,000	12000	100%
Total	35,000	35,500	101%

[speechchick71]

Update


Speechchick, 12/25/2020, $36,323 (Goal $28,500)

	Goal	Amount Saved 8/1/2020	% Saved	Roses
403b	17,000	17473	102.78%
Roth IRA	5,500	12000	218.18%
Car expenses	4,000	4600	115%
General Savings	2,000	2250	112.5%
Total	28,500	36323	127.45%

Merry Christmas everyone. This is my last post of the year as I just got my last paycheck! When I look at my numbers, I have to admit that I'm proud of myself but I don't feel like I really stretched myself. I still haven't made the time to sit down and figure out my goals but I won't be racing my 403b again because that's automatic. I really want to work on bigger savings and my Roth IRA. I'll be 50 in 2021 so I can add $7000 to it. I have been bad about putting money in during the past years so that is really my #1 focus. I'm going to keep up with car savings but may not race it. I plan to do some work on my home (or paying someone to do it) and with how 2020 has been I don't think I can be too careful about the stability of my job and income. 

It's been great to be back in the group again. I was saving before but belonging to the group again just made me think about it and focus a little more. I hope you all are having a good Christmas, had a good Hanukkah, and that we all have a healthy and wealthy New Year!