seriousthistime
Senior Member
Joined: Dec 22, 2010 20:27:07 GMT -5
Posts: 4,909
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Post by seriousthistime on Jul 7, 2024 14:19:49 GMT -5
UpdateName | Start | Goal | Saved | % Saved | Spent | Rose | Travel | $1,289 | $6,000 | $4,353 | 72.6% |
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| Property Tax | $1,843 | $6,200 | $5,176 | 83.5% | $3,099 |
| Weekly Savings | $0 | $2,600 | $1,351 | 52.0% |
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| Pet Care | $0 | $1,500 | $876 | 58.4% |
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| Total | $3,132 | $16,300 | $11,756 | 72.1% |
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Seriousthistime $11,756, 7/7/2024 (Goal, $16,300)Stash of $5 bills: $340
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debthaven
Senior Associate
Joined: Apr 7, 2015 15:26:39 GMT -5
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Post by debthaven on Jul 9, 2024 16:29:07 GMT -5
I'm glad you did that Rukh O'Rorke . plugginaway22 put it well. With your income and net worth, you shouldn't have to worry about your monthly mortgage or SL payment. I'm sure you'll be much less stressed going forward!
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
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Post by Rukh O'Rorke on Jul 9, 2024 17:09:52 GMT -5
I'm glad you did that Rukh O'Rorke . plugginaway22 put it well. With your income and net worth, you shouldn't have to worry about your monthly mortgage or SL payment. I'm sure you'll be much less stressed going forward! Thanks, still feeling conflicted about it, but I guess it had to be done! I'll see how it goes for a few months and then plan accordingly.
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debthaven
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Post by debthaven on Jul 9, 2024 17:33:35 GMT -5
Rukh O'Rorke I also think it would be worthwhile looking at the different SLs at some point. It could be good to put either a bonus or some Rukh Inc income towards one of the loans to knock it out. Maybe not ... I don't know what your interest rates are. Like plugginaway22 I'm all about sleeping at night LOL. But I acknowledge that I've always been a low earner, despite my education. You clearly prefer to maximize potential future gains, but then you sometimes have problems paying when bills are due, which means sometimes you're very stressed out. I do think you need to find a better balance. mollyc I'm so glad you were finally able to open that joint account with your DD! How are you doing?
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
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Post by Rukh O'Rorke on Jul 13, 2024 15:05:44 GMT -5
Update! Vehicle | Original Goal | Revised Goal | Current | Percent | 401k | 30,500 | 20,795
| 16,611
| 80% | SEP-IRA | ~4,500 | 1,700 | 1,700 | 100% | HSA | 5,150 | 5,150 | 2,611
| 51% | bonds | 10,000 | 3,100 | 3,100
| 100% | Total | 50,150
| 30,745
| 24,022
| 78% |
Been spending the Saturday lazy coffee time with my spreadsheets today Been working on resolving my conflicted feelings about reducing the 401k to the minimum amount to get the full match. Since I have been on track so far this year to max with the catch up, it shows as 80% of the new goal complete. The new goal is the money already completed, plus the minimum for the rest of the year. The HSA is left to max, don't think you can change that outside of open enrollment anyway. The sep-ira came in lower than expected, but that was maxed as much as I could per my tax person. I bonds might not get any more money than I have already put, so will leave that as is for the goal. I am trying to reframe the current situation as focusing on other aspects of getting ready for retirement, as lowering retirement savings meant not only less money for retirement, but that the amount I was spending annually was so high I wasn't even close to being able to retire! Was being a bit of head-in-the-sand about the cash flow issues, so now I will be looking at that very closely and try to work on reductions of monthly expenses as well as targeting debt. And the less spent per month on a regular basis, the closer I am to retirement, right? So similar to increased savings. So that is my reframe!
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seriousthistime
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Post by seriousthistime on Jul 14, 2024 9:25:28 GMT -5
I like your thought process, Rukh.
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mollyc
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Post by mollyc on Jul 14, 2024 11:24:58 GMT -5
Good morning.
DD Joint Account - $80 Savings Account - $46
Even though I probably shouldn’t have, l put another $20 in the joint savings account when I was paid last week.
My first week back at work went ok. I’m still not caught up on the June 30 year end stuff. There were too many interruptions regarding current fires to put out.
Regarding my health, I still have some pains but that’s apparently normal for about another 2 months. I went swimming in the river with DH and the dogs one evening. It’s a good thing the river is so low because I couldn’t stroke & kick hard enough to cross to the calm part without being way down stream. I need to work on that.
I’ve decided not to go with the chemo. It could have had some beneficial effect but maybe not. I’ve gotten copies of the various Dr reports for my short term benefits. It seems that generally my type of cancer has 30% chance of recurrence. The chemo would potentially have dropped that by 10%. It may be I regret that but when no one was telling me percentages, it still sounded like a lot of uncertainty about whether the potential long term damages would be worth the effort.
I have an appointment with the radiation oncologist on Jul 22
For the next 3 years, I will see a regular OB-GYN every 4 months for follow up.
Which brings to mind, why are doctors/dentists not aware of how their staff schedule things. Dr O made me promise 3 times that I would book my first follow up before I left the clinic. The receptionist told me that they don’t have the schedule yet so to call in at the end of the month. Now this isn’t just the staff’s fault. Dr O is a surgeon so they might need to wait to see when the hospital has booked her hours in the operating room for November. But I’ve already pissed her off by talking at the wrong times. I don’t want her to fire me for non-compliance as she’s the best OB-GYN in town.
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seriousthistime
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Joined: Dec 22, 2010 20:27:07 GMT -5
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Post by seriousthistime on Jul 14, 2024 12:45:53 GMT -5
Good morning. DD Joint Account - $80 Savings Account - $46 Even though I probably shouldn’t have, l put another $20 in the joint savings account when I was paid last week. My first week back at work went ok. I’m still not caught up on the June 30 year end stuff. There were too many interruptions regarding current fires to put out. Regarding my health, I still have some pains but that’s apparently normal for about another 2 months. I went swimming in the river with DH and the dogs one evening. It’s a good thing the river is so low because I couldn’t stroke & kick hard enough to cross to the calm part without being way down stream. I need to work on that. I’ve decided not to go with the chemo. It could have had some beneficial effect but maybe not. I’ve gotten copies of the various Dr reports for my short term benefits. It seems that generally my type of cancer has 30% chance of recurrence. The chemo would potentially have dropped that by 10%. It may be I regret that but when no one was telling me percentages, it still sounded like a lot of uncertainty about whether the potential long term damages would be worth the effort. I have an appointment with the radiation oncologist on Jul 22 For the next 3 years, I will see a regular OB-GYN every 4 months for follow up. Which brings to mind, why are doctors/dentists not aware of how their staff schedule things. Dr O made me promise 3 times that I would book my first follow up before I left the clinic. The receptionist told me that they don’t have the schedule yet so to call in at the end of the month. Now this isn’t just the staff’s fault. Dr O is a surgeon so they might need to wait to see when the hospital has booked her hours in the operating room for November. But I’ve already pissed her off by talking at the wrong times. I don’t want her to fire me for non-compliance as she’s the best OB-GYN in town. I wonder if your condition is the same sort that a friend of mine had. They called it borderline ovarian cancer. It didn't mean it was borderline between whether it was or was not cancer, but the kind that spread to adjacent tissue rather than through the lymph nodes. After her surgery she went for scans every few months, then twice a year, then once a year, eventually the doc said they didn't need to monitor it so closely anymore. It's been maybe 15 years since her diagnosis? No recurrence for her. I wish the same for you.
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forwardwego
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Joined: Dec 22, 2010 3:54:23 GMT -5
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Post by forwardwego on Jul 26, 2024 10:26:22 GMT -5
Hi Savers! I hope you've had a good month of July so far. Forwardwego $4600, 7-26-24, goal $17,000. Some of this month’s progress is new savings, most is from closing down 2 underutilized accounts. Getting organized makes a big impact. Keep up the good work fellow savers 👍👍
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debthaven
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Post by debthaven on Jul 30, 2024 9:25:32 GMT -5
I couldn’t get the table to work properly on my phone so this month it’s just my tagline.
Update: 1 Aug 2024: +1,750 savings +750 event +200 travel=14,000 euros (Savings goal: 15,750)
It was another great month for savings! That's it for a while. I have no work in Aug, and little in Sept.
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azucena
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Joined: Jan 17, 2011 13:23:14 GMT -5
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Post by azucena on Aug 2, 2024 11:49:10 GMT -5
Azucena $45,530 on 6/14/2024 towards Goal $65,000 70% Spent $20k of savings on a used 2015 sienna with 97k miles. This was known and planned but I wasn't sure when I would pull the trigger. I was struggling with how to track this, but I think the best thing is just to subtract the $20k from the balance and the goal. Monthly credit card bill has been crazy high the past 3 months. Still spoiling bonus teen but she's set up now so need to reign it in a bit. Way, way too much eating out which is even more costly with 5th person. Also throwing away too many groceries. Way, way too lose with Amazon orders. Azucena $29,174 on 8/2/24 towards Revised Goal $45,000 65%
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mollyc
Familiar Member
Joined: Dec 24, 2010 2:12:25 GMT -5
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Post by mollyc on Aug 3, 2024 12:38:13 GMT -5
DD joint account - $120.00 Savings account - $46
Bubba Bear got his butt cheek bit by a coyote. DH was keeping the wound clean but there was still a small amount of internal bleeding so we went to the vet. Almost $700 later, he came home with a drain and the wound stitched closed. The cost covers the follow up appointments. He got the drainage tube out yesterday. They’ll take out the stitches this coming Friday. I pulled $400 from savings to help cover his bill.
Seriousthistime, I am told that I had endometriod ovarian cancer. I don’t know if it goes by another name. I know there isn’t a lot of research for this type of cancer. I decided that the risks of further treatment which may or may not prevent a reoccurrence (which may not happen anyway) weren’t worth the long term side effects of hand and foot neuropathy.
Thank you for your good wishes.
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seriousthistime
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Joined: Dec 22, 2010 20:27:07 GMT -5
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Post by seriousthistime on Aug 11, 2024 9:42:39 GMT -5
I'm glad you weighed the pros and cons and made the decision that's right for you, mollyc.
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seriousthistime
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Joined: Dec 22, 2010 20:27:07 GMT -5
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Post by seriousthistime on Aug 11, 2024 10:27:44 GMT -5
UpdateName | Start | Goal | Saved | % Saved | Spent | Rose | Travel | $1,289 | $6,000 | $6,000 | 100.0% |
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| Property Tax | $1,843 | $6,200 | $5,692 | 91.8% | $3,099 |
| Weekly Savings | $0 | $2,600 | $1,601 | 61.6% |
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| Pet Care | $0 | $1,500 | $1,001 | 66.7% |
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| Total | $3,132 | $16,300 | $14,294 | 87.7% |
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Seriousthistime $14,294, 8/12/2024 (Goal, $16,300)Stash of $5 bills: $355
Travel savings goal is met so I transferred that money into my Performance Savings account to get the higher interest. I haven't had to spend any of it because I've been able to cash flow my travel so far this year. The other savings categories are on automatic transfer so I will coast on those with the expectation I will meet my goals by year end. The second property tax bill is due September 1 and I have enough in that category to cover that payment. I just bought a new car with special financing at less than 1%. Thinking I may start a separate savings account to accumulate enough to pay it off if I ever feel the need. I think I would track it in the WIR Racers thread as well as here. I would take the official balance each month and subtract whatever amount I had in that separate savings account. So the Racer balance would be the difference between the official balance and the amount in the separate savings account. I guess I'd be a hybrid Saver/Racer. Thoughts?
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forwardwego
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Joined: Dec 22, 2010 3:54:23 GMT -5
Posts: 1,399
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Post by forwardwego on Aug 15, 2024 7:12:11 GMT -5
Serious, Congratulations on your new car! What kind? Wishing you many safe miles and good adventures. Racing off the debt directly or with a designated savings for potential lump sum payoff are both good. What is the timeline of the loan and what timeline do you see or plan for actual payoff?
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seriousthistime
Senior Member
Joined: Dec 22, 2010 20:27:07 GMT -5
Posts: 4,909
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Post by seriousthistime on Aug 15, 2024 15:20:34 GMT -5
It's a Tesla Model Y. It's a 6-year loan but I haven't thought about whether or when I will pay it off early. The interest rate is so low! As long as I can make more from savings, I'll just put money in savings to offset the loan. I may get tired of having the loan before the 6 years is up, and I can make the decision what to do at that point.
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mollyc
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Joined: Dec 24, 2010 2:12:25 GMT -5
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Post by mollyc on Aug 18, 2024 12:19:46 GMT -5
DD Joint Account- $140.00 Saving Account - $246.12
I sent DD the silver necklace her dad bought me a few decades ago to be something old and borrowed for her to wear in Vegas.
I hope they remember their marriage paperwork but I’m not going to bug them. They are turning 24 and 23 soon. They’ll figure it out or just elope at home later. It would be disappointing though for E because she is only spending the money to go to Vegas to see them get married.
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seriousthistime
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Joined: Dec 22, 2010 20:27:07 GMT -5
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Post by seriousthistime on Aug 18, 2024 12:27:42 GMT -5
How are you feeling mollyc? Nice progress on the savings!
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mollyc
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Post by mollyc on Aug 18, 2024 19:51:34 GMT -5
How are you feeling mollyc? Nice progress on the savings! I’m feeling very well, thank you. Everything is almost back to normal which is a big relieve.
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debthaven
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Post by debthaven on Aug 20, 2024 14:21:48 GMT -5
Here is the table I couldn't manage for Aug, plus my vacation spending. Name | Goal | Saved | Spent | General Savings | 10,000 | +1,750=8,250 | 0 | Travel | 3,200 | +200=3,200 | 1,700* | Event | 750 | +750 | 750 | Garden | 750 | 750 | 750 | Rug + Misc | 1,050 | 1,050 | 1,050 | TOTAL | 15,750 | 14,000 | 4,250 |
Debthaven: 20 Aug 2024: 14,000 euros (Total savings goal: 15,750)
I won't be able to save anything for Aug, and very little for Sept. Fall should be better. *There's 1,500 left in the travel fund, hopefully for 2025.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Aug 25, 2024 13:15:17 GMT -5
I may have jumped the gun a little lowering my 401k to the minimum to get the match (6%), since this is a 3 paycheck month I now have a couple of thousand extra in checking that doesn't have any immediate use. I had also forgotten that part of my plan for the year included 500 extra each month from treasury notes maturing. the first will come next week, then I have 500 each month through december and I will be finishing up an RI project this coming week, bill that, and then the payment will be in september. tow more RI projects in nov too.
All that to say! I've upped my 401k to 10%. Shouldn't be too big a change in income, and I'm still being very economical and looking for ways to trim the monthly budget. Right now I think at 10% to 401k I will be good month to month with a little change (previously to max was at 17%), and have the extras available for debt pay down and other stuff....
I plan for the 500 from notes to go into ibonds, will see what I net off the RI projects this year and use that for savings and debt paydown. I think this is workable, will see how it goes....
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debthaven
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Joined: Apr 7, 2015 15:26:39 GMT -5
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Post by debthaven on Aug 28, 2024 17:13:18 GMT -5
Posting early for 1 Sept. I didn't work in Aug, so no change. Name | Goal | Saved | Spent | General Savings | 10,000 | 8,250 | 0 | Travel | 3,200 | 3,200 | 1,700* | Event | 750 | 750 | 750 | Garden | 750 | 750 | 750 | Rug + Misc | 1,050 | 1,050 | 1,050 | TOTAL | 15,750 | 14,000 | 4,250 |
*1,500 left in travel savings Debthaven: 1 Sept 2024: 14,000 euros (Total savings goal: 15,750)I hope to hit my EOY goal in November.
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seriousthistime
Senior Member
Joined: Dec 22, 2010 20:27:07 GMT -5
Posts: 4,909
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Post by seriousthistime on Aug 29, 2024 19:38:04 GMT -5
UpdateName | Start | Goal | Saved | % Saved | Spent | Rose | Travel | $1,289 | $6,000 | $6,000 | 100.0% |
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| Property Tax | $1,843 | $6,200 | $6,207 | 100.0% | $5,692 |
| Weekly Savings | $0 | $2,600 | $1,751 | 67.3% |
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| Pet Care | $0 | $1,500 | $1,126 | 75.0% |
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| Total | $3,132 | $16,300 | $15,084 | 92.5% |
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Seriousthistime $15,084, 8/30/2024 (Goal, $16,300)Stash of $5 bills: $365
Still plodding along. I have one rather large credit card bill coming up at the end of September. I paid for DGS's 2-week intensive therapies which his insurance doesn't cover. I was glad to be in a position to do it. I can't imagine a better use of my funds.
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mollyc
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Joined: Dec 24, 2010 2:12:25 GMT -5
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Post by mollyc on Aug 31, 2024 20:50:54 GMT -5
DD Joint Account - $160.00 Savings Account - $346.17
Poking along. All of the annual bills are paid now until April 2025 when they start up again.
I don't have benefits deducted over the summer which has helped me deal with expected and unexpected costs pretty quickly. I will have about $200.00 less net pay per pay period starting in September because benefits will start up again. Because of timing issues in getting the information to the Investment company, my pension may start again in September or in October. That will be about another $265.00 per pay but because it is a registered pension, my tax deduction will be a little less.
Whenever I know what my regular net pay will be, I will review my expenses, donations and savings and see what, if anything, I can increase.
I hope everyone has a great long weekend.
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debthaven
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Post by debthaven on Sept 2, 2024 14:57:39 GMT -5
I found out today that I'm having hip replacement surgery in mid Oct. I don't know the OOP cost yet. Since I'm officially retired, I'm between work contracts, so my complementary health insurance doesn't take effect until tomorrow. It's a huge PITA but it is what it is. I put my leftover "travel fund" into the new "hip surgery fund". I'm not sure 1,500 will be enough. I can't save more this year but I'll tweak things as I know more. I may need to reduce "general savings" to pay for the surgery, but that's OK. I'm leaving it for now. That's also why I redid my table. NAME | GOAL | SAVED | SPENT | General savings | 10,000 | 8,250 | 0 | Hip surgery | 1,500 | 1,500 | 0 | Travel | 1,700 | 1,700 | 1,700 | Event | 750 | 750 | 750 | Garden | 750 | 750 | 750 | Rug | 300 | 300 | 300 | Misc | 750 | 750 | 750 | TOTAL | 15,750 | 14,000 | 4,250 |
2 Sept 2024 = 14,000 (total savings goal = 15,750)
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mollyc
Familiar Member
Joined: Dec 24, 2010 2:12:25 GMT -5
Posts: 912
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Post by mollyc on Sept 2, 2024 22:45:39 GMT -5
I hope everything goes well with your surgery
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debthaven
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Post by debthaven on Sept 3, 2024 15:30:21 GMT -5
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