debthaven
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Post by debthaven on Jan 1, 2023 15:37:25 GMT -5
I am officially retired as of today, but I'm continuing to work (less). I regret agreeing to work as much this semester (2-3 days/week at school instead of 3-4).
But this is a unique opportunity for me to save. I've never earned much, so I was never able to save much. Now I'm getting a modest pension AND working. I saved ALL of the retirement bonuses I received in December, and more!!!
My goal is to save as much as I can in 2023. I don't want to do this forever. I'm committed to the Spring semester. I'm planning to do Fall too, but we'll see.
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seriousthistime
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Post by seriousthistime on Jan 2, 2023 10:54:56 GMT -5
The clock has rolled over to 2023. A new thread should probably start.
There was no official "spokesmodel" for the Savers in 2022. I am not wanting to take on that role for 2023, but if people want to continue to be Savers, I would be happy to start a new thread for us.
I personally think being part of the Savers is an easy way to stay mindful of wasteful spending vs. saving, kind of like the 'needs vs. wants' of financial decisions. I would continue to post my updates in 2023.
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debthaven
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Post by debthaven on Jan 2, 2023 12:17:47 GMT -5
seriousthistime thank you so much for being such a fabulous cheerleader and organizer of this thread over the years! I know the smilies are fun, but we can still save without them.  Personally I'd be happy just to have a new 2023 thread to post on.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jan 2, 2023 15:09:15 GMT -5
I am officially retired as of today, but I'm continuing to work (less). I regret agreeing to work as much this semester (2-3 days/week at school instead of 3-4). But this is a unique opportunity for me to save. I've never earned much, so I was never able to save much. Now I'm getting a modest pension AND working. I saved ALL of the retirement bonuses I received in December, and more!!! My goal is to save as much as I can in 2023. I don't want to do this forever. I'm committed to the Spring semester. I'm planning to do Fall too, but we'll see. Awesome!!  |
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jan 2, 2023 15:11:16 GMT -5
The clock has rolled over to 2023. A new thread should probably start. There was no official "spokesmodel" for the Savers in 2022. I am not wanting to take on that role for 2023, but if people want to continue to be Savers, I would be happy to start a new thread for us. I personally think being part of the Savers is an easy way to stay mindful of wasteful spending vs. saving, kind of like the 'needs vs. wants' of financial decisions. I would continue to post my updates in 2023. Thanks for having done this serious! I think we can just ad hoc our way through posting and acknowledging everyone....what is everyone else's thoughts? |
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jan 2, 2023 15:34:52 GMT -5
UPDATE!Rukh O'Rorke Saving Goals for 2022| Account | Goal | Added | Saved | Percent | | 401k | $27,000 | $1,075/pp | $14,202
| 53% | | HSA | $3,650 | $167/pp | $2,470
| 68%
| | I-Bonds | $10,000 |
| $10,000
| 100% | | SEP-IRA | $4,500 |
| $4,500
| 100% | MM/stocks/
TIPS/treasuries | $20,000 | $600
| $4,800
| 24%
| | Total | $65,150 | $1,842 | $35,972 | 55% |
so settling <back> in to the work-a-world grind and letting the automatic settings and time do their work. I think this was my last formal update.... | Account | Goal | Saved | Percent | | 401k | $27,000 | $27,000
| 100% | | HSA | $3,650 | $4,478
| 122%
| | I-Bonds | $10,000 | $10,000
| 100% | | SEP-IRA | $4,500 | $4,500
| 100% | MM/stocks/
TIPS/treasuries | $20,000 | $7000
| 35%
| | Total | $65,150 | $52,978 | 81% |
Not sure what happened with the HSA, Ithought 3650 was the max, but my final pay stub says 4478? Not sure what is up......oh - I think catch up because I am old? Yes, so my goal should have been 4650...but I missed it? I did get 300 from employer I think that ggoes towards the max? Not sure! Why can't I just say max and have it go through? Have to try to figure it out and then so seems I missed something/messed up? Who knows! For the MM/stocks/TIPs/treasuries.....I put 7k into tips and treasuries. I did have 500-1k/month put into my brokerage accounts, but then I always ended up taking some out and so I think that is a wash at best, could be negative. need to refine this goal in 2023 and have better budget/tracking on things. I'll take nearly 53k of savings and investment as a minor win and see where 2023 takes me. Given the market losses I took in 2022, it's a very minor win....... Savings and investments may get skimpier when I have to go back to student loan payments. Riding that 0% as far as I can take it....let inflation erode that balance . $102,000 in 2020 equals $115,189.74 in 2022 although my raises have not kept pace with inflation, I have had some, and able to put money into ibonds and treasuries at nice rates rather than paying off the student loans, so I continue to regard pushing off repayment as a positive for me. Although - it will hurt when I have to go back to it,  . |
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debthaven
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Post by debthaven on Jan 3, 2023 14:50:32 GMT -5
I think we can just ad hoc our way through posting and acknowledging everyone. ...what is everyone else's thoughts?I agree Rukh O'Rorke . Would you mind creating a new thread when you have time seriousthistime ? I think everyone will understand that you're no longer "supervising" us and doing the smilies. Again, thanks for having done it for all these years. 
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jan 3, 2023 17:43:24 GMT -5
I think we can just ad hoc our way through posting and acknowledging everyone. ...what is everyone else's thoughts?I agree Rukh O'Rorke . Would you mind creating a new thread when you have time seriousthistime ? I think everyone will understand that you're no longer "supervising" us and doing the smilies. Again, thanks for having done it for all these years. I went ahead and got it started, Let me know if I should change anything...... |
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debthaven
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Post by debthaven on Jan 3, 2023 18:17:39 GMT -5
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seriousthistime
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Post by seriousthistime on Jan 9, 2023 12:51:21 GMT -5
The clock has rolled over to 2023. A new thread should probably start. There was no official "spokesmodel" for the Savers in 2022. I am not wanting to take on that role for 2023, but if people want to continue to be Savers, I would be happy to start a new thread for us. I personally think being part of the Savers is an easy way to stay mindful of wasteful spending vs. saving, kind of like the 'needs vs. wants' of financial decisions. I would continue to post my updates in 2023. Thanks for having done this serious! I think we can just ad hoc our way through posting and acknowledging everyone....what is everyone else's thoughts? Ad hoc'ing our way through posting, and acknowledging and supporting others is a great idea. I tend to read and 'like' people's posts more than I write out a comment. I will try to write something instead of just giving thumbs up. |
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