Author Topic: Race from 10 to 100k!!  (Read 381085 times)

Pooperman

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Re: Race from 10 too 100k!!
« Reply #200 on: October 17, 2014, 08:27:27 AM »
Adding myself to this. Started with an investment account and a car (approx $8k). Latest has me at $16,982.66 (as of the end of last month).

Virtus

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Re: Race from 10 too 100k!!
« Reply #201 on: October 20, 2014, 12:44:04 PM »
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.

I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.

I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.

I'm starting to wonder if a Roth has any benefit at all over a traditional.  As long as your deductions/exemptions equals your withdrawals, your taxes on the traditional will be $0.  So enjoy the tax benefits of the traditional now in your high earning years and don't pay any taxes later. Win win.

This assumes that all your income in retirement is under deductions/exemptions. Standard deduction for married plus 2 exemptions is  12,400 + 3,950 + 3,950 = $20,300 for 2014. When you consider regular 401k has minimum withdraw plus maybe some income from hobbies plus maybe some rental income plus SSI it would be easy to be over $20,300 in income in retirement. Also don't forget the taxes on growth! Look at scenario below

Regular 401k:  contribute $17,500; taxes -$4,375
- wait 40 years at 11%
- Balance $1,397,104
- Potential taxes @ 15% = $209,566

Roth 401K: contribute $17,500; taxes $0
- wait 40 years at 11%
- Balance $1,397,104
- Potential taxes @ 15% = $0

ohyonghao

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Re: Race from 10 too 100k!!
« Reply #202 on: October 20, 2014, 01:22:05 PM »
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.

I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.

I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.

I'm starting to wonder if a Roth has any benefit at all over a traditional.  As long as your deductions/exemptions equals your withdrawals, your taxes on the traditional will be $0.  So enjoy the tax benefits of the traditional now in your high earning years and don't pay any taxes later. Win win.

This assumes that all your income in retirement is under deductions/exemptions. Standard deduction for married plus 2 exemptions is  12,400 + 3,950 + 3,950 = $20,300 for 2014. When you consider regular 401k has minimum withdraw plus maybe some income from hobbies plus maybe some rental income plus SSI it would be easy to be over $20,300 in income in retirement. Also don't forget the taxes on growth! Look at scenario below

Regular 401k:  contribute $17,500; taxes -$4,375
- wait 40 years at 11%
- Balance $1,397,104
- Potential taxes @ 15% = $209,566

Roth 401K: contribute $17,500; taxes $0
- wait 40 years at 11%
- Balance $1,397,104
- Potential taxes @ 15% = $0

Your numbers there again are assuming that you withdrawl the entire 401k at once, rather than over a period of time, and doesn't include the current tax savings which then gets invested into non-tax advantaged accounts.  Since the $4,375 in savings would then go towards other investments here is how the example should work out:

Regular 401k:  contribute $17,500; taxes -$4,375
- wait 40 years at 11%
- Balance of 401k $1,397,104
- Balance from investing the tax savings $349,276
- Potential taxes @ 15% = $258912 *note long terms capital gains currently around 10%, but just keeping the example simple, also you forgot to exclude the $20,300 deduction from your original calculations
- Total Balance after $1,487,468

Roth 401K: contribute $17,500; taxes $0
- wait 40 years at 11%
- Balance $1,397,104
- No investment of tax savings
- Potential taxes @ 15% = $0
- Total Balance $1,397,104

Difference $90,364

That is without any optimizations in withdrawal, such as doing roth conversions during low earning years, and taking advantage of long term capital gains taxes being lower.  This is a per year example, so bring this over a 10 year working period and suddenly we are looking at possibly an extra million dollars or more.

dusty

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Re: Race from 10 too 100k!!
« Reply #203 on: October 31, 2014, 06:36:22 AM »
Hi there Isaac CBF.

I initially joined in with the challenge on day one then went to sea with my boat and have  been busy. Anywho, a lot of time at sea has allowed me to save / invest + a little bump from the market and my net worth is now 28k, up from 12k in july!!!!!!  More money than I have ever been worth!

Keep at it all, I would love to see a total of combined worth of everyone at the end of the year to see the money retained in individuals pocket's 

Primm

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Re: Race from 10 too 100k!!
« Reply #204 on: October 31, 2014, 07:57:15 AM »
-$13,008. Goddam it, I wish I'd noticed that in time to take my change jar (containing $50+) to the bank today, and push me into the -$12k amount. Oh well, next time. :)

carozy

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Re: Race from 10 too 100k!!
« Reply #205 on: October 31, 2014, 09:51:27 AM »
I'm really glad we're tracking.  It's good to see it grow!  I'm at $11,419 now, up from about $7,267 when we started.

A little about me: I work in admin at a funeral home.  I like to write on the side and hope to some day self-publish and increase my income that way too.  I work in SF but I'm staying out of the city with my parents for a few months to save up money, and then I'll probably move back to the city.  Rent is cheaper out of the city but then I have to factor in commuting cost and time on Bart.

Because of MMM I've gotten myself out of debt and am saving up my emergency fund.  My goal for 2015 is to start investing regularly.

SpareChange

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Re: Race from 10 too 100k!!
« Reply #206 on: October 31, 2014, 11:19:32 AM »
-$13,008. Goddam it, I wish I'd noticed that in time to take my change jar (containing $50+) to the bank today, and push me into the -$12k amount. Oh well, next time. :)

Hey now, don't short yourself...those coins count the same whether they're in a bank account or between your couch cushions. :)

SpareChange

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Re: Race from 10 too 100k!!
« Reply #207 on: October 31, 2014, 11:21:44 AM »
I'm really glad we're tracking.  It's good to see it grow!  I'm at $11,419 now, up from about $7,267 when we started.

A little about me: I work in admin at a funeral home.  I like to write on the side and hope to some day self-publish and increase my income that way too.  I work in SF but I'm staying out of the city with my parents for a few months to save up money, and then I'll probably move back to the city.  Rent is cheaper out of the city but then I have to factor in commuting cost and time on Bart.

Because of MMM I've gotten myself out of debt and am saving up my emergency fund.  My goal for 2015 is to start investing regularly.

Sounds like you have a solid plan. You're doing great. Slow and steady!

Pooperman

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Re: Race from 10 too 100k!!
« Reply #208 on: October 31, 2014, 11:25:27 AM »
Slipped backwards about $300 this month. Breaking news: moving is expensive! Deposit + rent + needed items (no furniture, no bed, no food) was just about $4000.

MWM1220

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Re: Race from 10 too 100k!!
« Reply #209 on: October 31, 2014, 11:56:26 AM »
Is it too late to join in???? I know i won't "Win" but it will be fun to track?

SpareChange

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Re: Race from 10 too 100k!!
« Reply #210 on: October 31, 2014, 12:08:11 PM »
Is it too late to join in???? I know i won't "Win" but it will be fun to track?

Of course you can join! Tracking really does help. Welcome!

SpareChange

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Re: Race from 10 too 100k!!
« Reply #211 on: October 31, 2014, 12:14:58 PM »
3 paycheck month :). Next month won't be as nice...about time to buy a new set of tires for the car, and I will probably buy a new road bike. Happy Halloween!

frogger

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Re: Race from 10 too 100k!!
« Reply #212 on: October 31, 2014, 06:37:04 PM »
Three paycheck month for me as well! I didn't do too bad.

Oct.: -$7900
Nov.: -$3100

Up $4800. Next month I'll be able to do the less than (more than? damn negative numbers) -$1000 dance!

givemesunshine

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Re: Race from 10 too 100k!!
« Reply #213 on: October 31, 2014, 11:10:00 PM »
Hi all,

I'm up $2750 this month. Next month I have some out of pocket medical expenses to cover so will probably go backwards (or hopefully just stay at this level). Can't be helped!

Good luck to all and keep it up!

ohyonghao

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Re: Race from 10 too 100k!!
« Reply #214 on: November 01, 2014, 02:56:00 AM »
5 Paycheck month really makes my savings look good, plus this last week stocks stopped being on sale.

Sep: $65,263.85
Oct: $70,999.50

Increase: $5,735.65

Been really happily surprised about how fast this is going up now.  Compound interest is great.  Also I hit my first $10,000 in a single Vanguard Index fund and changed to Admiral Shares.  Looks like I may have been a little too pessimistic in the long term net worth thread.

Next month my Sister in Laws are paying us back (we live in different countries and often trade favors in each others currency until we have some other reason to transfer money, then balance the books, some things are just cheaper here).

Is it too late to join in???? I know i won't "Win" but it will be fun to track?

It's never too late to join, this is just the qualifying rounds for the $1 Million Net Worth thread :-P.

engineerbell

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Re: Race from 10 too 100k!!
« Reply #215 on: November 01, 2014, 09:11:16 AM »
Would love to join this challenge as well.  does anyone know of a website that makes these challenges easy to track and share progress.  Kinda like www.fi.tt but for  money instead of fitness.

Runge

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Re: Race from 10 too 100k!!
« Reply #216 on: November 01, 2014, 11:56:49 AM »
Glad to see more people joining, and I'm enjoying everyone's numbers keep going up!

Here's my update:
$15,784.94, up $1,250.84 from last month!

Awesome, especially since my employer switched from a bi-monthly pay cycle to every two weeks while also introducing a 2-week lag in pay. So my monthly budget has been effectively reduced and while this past month only had 1 full paycheck instead of two. So yay...but now I'm a part of the every other week crowd, so that's cool I guess. Do y'all have cookies?

tyler1215

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Re: Race from 10 too 100k!!
« Reply #217 on: November 02, 2014, 02:51:42 PM »
Here's my update:
$14,585.04, up by $2,599.04

My huge bump is a bit misleading, I got reimbursed for a trip I took at the end of September.  I still need to file my expense reports for the month of October, so that's holding me back. 

Good news, I got my raise in October and went straight to HR to double my 401(k) contributions.
Bad news, I test drove a Porsche yesterday and I'm very tempted.  Wouldn't really affect my financial lifestyle if I did it though.

Paulie

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Re: Race from 10 too 100k!!
« Reply #218 on: November 03, 2014, 03:43:29 AM »
I'm down $500 due to the market. But the next two months will be good months because of bonuses!

seanc0x0

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Re: Race from 10 too 100k!!
« Reply #219 on: November 03, 2014, 07:59:24 AM »
Wanted to do this on the weekend, but my brokerage was down for maintenance all weekend.

Decent month. Up from ~$6680 to ~$7825, +17.19%. Nice not to fight the market, though I got about $28 of dividends, which helped counter the market instability.

Virtus

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Re: Race from 10 too 100k!!
« Reply #220 on: November 03, 2014, 09:44:17 AM »
I would hate to be "that guy" but this just occurred to me while I was researching 401(k) Roth options.

I am assuming that everyone includes their 401(k) in the NW calc, I do. In doing my research into The Roth 401(k), I realized that the Roth 401(k) would have a smaller value than a traditional 401(k) because the traditional has not had the taxes withheld yet. So now I'm thinking that some of us my have some apples (traditional) and others have oranges (Roths), so to speak.

I don't think it's really a big deal in the grand scheme, but I thought it was interesting that you could be a millionaire with a traditional 401(k) then no longer be a millionaire once the taxes hit.

I'm starting to wonder if a Roth has any benefit at all over a traditional.  As long as your deductions/exemptions equals your withdrawals, your taxes on the traditional will be $0.  So enjoy the tax benefits of the traditional now in your high earning years and don't pay any taxes later. Win win.

This assumes that all your income in retirement is under deductions/exemptions. Standard deduction for married plus 2 exemptions is  12,400 + 3,950 + 3,950 = $20,300 for 2014. When you consider regular 401k has minimum withdraw plus maybe some income from hobbies plus maybe some rental income plus SSI it would be easy to be over $20,300 in income in retirement. Also don't forget the taxes on growth! Look at scenario below

Regular 401k:  contribute $17,500; taxes -$4,375
- wait 40 years at 11%
- Balance $1,397,104
- Potential taxes @ 15% = $209,566

Roth 401K: contribute $17,500; taxes $0
- wait 40 years at 11%
- Balance $1,397,104
- Potential taxes @ 15% = $0

Your numbers there again are assuming that you withdrawl the entire 401k at once, rather than over a period of time 

That is not at all true. Removing the money in a lump sum would push you into the 39.6% tax bracket. A 15% is actually too low of an assumption. Because if your withdrawals were small enough to be in the 15% bracket you would be withdrawing less than SWR and your funds would grow causing a substantial tax liability when you hit 70 and are required to start taking money out of a 401k or IRA.

tarheeldan

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Re: Race from 10 too 100k!!
« Reply #221 on: November 03, 2014, 11:29:42 AM »
Steady progress :-) Up an average of $2,613.41 over the past five months. Finally got my IRA's transferred to Vanguard too! Can't wait to reach the halfway mark!

kickel

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Re: Race from 10 too 100k!!
« Reply #222 on: November 04, 2014, 03:42:16 PM »
Figured I'd put my hand in. I'm starting with somewhat of a head start.

As of today my investment and cash accounts minus all liabilities are at $68,109 (64,109 invested, and 4,000 cash). My goal is to reach $75,000 by the end of the year, which with some good market returns and a few extra gigs could be plausible.

trailrated

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Re: Race from 10 too 100k!!
« Reply #223 on: November 05, 2014, 11:34:13 AM »
I was super unmustachian and went to the Saturday World Series Game and lent my best friend $1,600 to fix his car. Next month I will be back on track

Wiggle

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Re: Race from 10 too 100k!!
« Reply #224 on: November 06, 2014, 08:28:10 AM »

Debts: $0
Savings: $7,750
Retirement Accts: $31, 637

NW: $39, 387 (increase of $889)


End of October Update:
Cash/Savings: $2,633
Mutual Funds (non-retirement, house savings): $10,139
Work Retirement Accounts: $28,508

NW: $41,280 (increase of $1893)

Hummer

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Re: Race from 10 too 100k!!
« Reply #225 on: November 06, 2014, 09:20:39 AM »
Where is this spreadsheet everyone is talking about? I can't find it.

Pooperman

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Re: Race from 10 too 100k!!
« Reply #226 on: November 06, 2014, 09:54:30 AM »
Where is this spreadsheet everyone is talking about? I can't find it.

Page 1 Post 1.

MWM1220

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Re: Race from 10 too 100k!!
« Reply #227 on: November 07, 2014, 12:30:17 PM »
I noticed rank is just "how close we are to 100k" which, I guess, is consistent with the idea! But I thought it'd be interesting to see, instead, improvement in net worth from the beginning, so I created a new sheet called "Growth." It's a rough start, and I suspect one of the worksheet wizards could do a lot to improve it, but if you like the idea, please jump in and make some improvements.

Or if you think this pollutes the whole contest irreparably, delete the sheet! :)

*Some might notice the odd coincidence that the creator of this new sheet is the best ranked. Totally... weird... coincidence ;)

GREAT IDEA! Love this. Thanks for doing!

ohyonghao

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Re: Race from 10 to 100k!!
« Reply #228 on: November 07, 2014, 12:38:33 PM »
6/30/2014: -$6922
7/31/2014: $2291 (yay positive! - downgraded car, don't expect $9k every month!)
8/31/2014: $5896
9/30/2014: $11,201
Changing jobs, I got a vacation payout, and a shift in when I'm paid. I also logged my quarterly changes in investment returns/dividends. Despite some (paper) losses from a rocky stock market, good dividend returns and gains in some places. If only every month was so positive!

10/31/2014: $14,610
I actually deleted some old "escrow" account information from my tracking software, which decreased my "apparent" net worth several hundred dollars, but the numbers going forward will be correct. Just a minor "apparent" setback. Not a bad month. I moved some money from savings into stocks during the 5% dip, and was pleased to see the values climb from there! Excited for 2015. Next month I can start contributing to my 401k pre-tax, plus get 4% employer match!

That's pretty awesome!  I've been just dollar cost averaging with the same amount every month, watching the stocks go on sale two months in a row.  I'm also happy to see the values coming back up.

Mazzinator

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Re: Race from 10 too 100k!!
« Reply #229 on: November 12, 2014, 03:28:29 AM »
Oct 2014

Savings $89,520
SL -$67,477

NW $22,043

Congrats on the baby!! I'm due in 4 weeks, with my third. I'm a sahm, my hubby is an army lawyer (JAG) and we live on Oahu.

Also, could someone please please please update my numbers every month??? Please :-) I have no clue how to update from my ipad. Thanks!!! And thanks to Runge for doing this last time!!!

Nov 2014

Debt 67,460
Savings 92,845

NW 25,385

This is as of the beginning of the month, when i normally calculate it. I'm just now getting around to posting it. I had my baby girl..yay!!!

Also, i actually got a windfall inheritance!! I still can't believe it..but it's true!!!

$20k, so next month is going to look awesome.. I'm going to change my race to $120k, because i feel like i'm cheating with a windfall..

FoundPeace

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Re: Race from 10 too 100k!!
« Reply #230 on: November 12, 2014, 05:59:44 AM »
Just found this thread, so I updated the spreadsheet with my numbers. I actually started my own personal spreadsheet to track my net worth in June, but I was able to guesstimate for May. It was my spreadsheet that lead me to MMM in September. It didn't change very much for me, but it helped me see that my savings rate should allow me to FIRE one day (started my first engineering job in January). I like this challenge, because it seems so obtainable.

May: $19,822
October:  $28,781

This isn't sustainable for me because I am getting an extra $1,000 per month for Per Diem while traveling for work. Also, This isn't including my 401(k) or HSA yet. I need to get that tied into my software.

Sadly, I imagine most of this money is in cash right now and will hopefully be a down payment on a house next year. Is anyone including equity or their mortgage in their net worth?

Runge

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Re: Race from 10 too 100k!!
« Reply #231 on: November 12, 2014, 06:35:23 AM »
Uh oh...

I may have broken the spreadsheet... I'll see if I can get it fixed.

Runge

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Re: Race from 10 too 100k!!
« Reply #232 on: November 12, 2014, 07:09:16 AM »
Ok, I think it's working now. Phew...

FoundPeace

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Re: Race from 10 too 100k!!
« Reply #233 on: November 12, 2014, 07:23:07 AM »
Sorry, I was trying to add the current NW column and make it self-updating. I got a little carried away and tried to make it too complicated for my skill level. Thanks for making it happen.

Runge

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Re: Race from 10 too 100k!!
« Reply #234 on: November 12, 2014, 07:27:13 AM »
Sorry, I was trying to add the current NW column and make it self-updating. I got a little carried away and tried to make it too complicated for my skill level. Thanks for making it happen.

No worries at all! I don't think it was you though, haha. I tried to add the ArrayFormula() function to the IF/Thens column and it blew up, haha.

eyePod

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Re: Race from 10 too 100k!!
« Reply #235 on: November 12, 2014, 08:57:06 AM »
Alright. I'll bite. I'm currently at $12k only counting my investment accounts. I was up around 25k, but buying a house will really cut into that. Will we come back and update our original post, or just post a new one when we have an update?

Just as an FYI, you do lose the closing costs but the down payment gets transferred to equity, so you should only see a small dip in NW = to closing costs.

Mazzinator

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Re: Race from 10 too 100k!!
« Reply #236 on: November 12, 2014, 09:40:40 AM »
Can someone explain to me how to update the chart from my ipad??? Please...

Pooperman

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Re: Race from 10 too 100k!!
« Reply #237 on: November 12, 2014, 10:16:14 AM »
Can someone explain to me how to update the chart from my ipad??? Please...

Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!

SpareChange

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Re: Race from 10 too 100k!!
« Reply #238 on: November 12, 2014, 11:14:09 AM »
This is as of the beginning of the month, when i normally calculate it. I'm just now getting around to posting it. I had my baby girl..yay!!!

Congratulations!

FoundPeace

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Re: Race from 10 too 100k!!
« Reply #239 on: November 12, 2014, 11:44:44 AM »
Can someone explain to me how to update the chart from my ipad??? Please...

Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!

Or you could just download the google sheets app. https://itunes.apple.com/us/app/google-sheets/id842849113?mt=8

Personally, I'm a fan of the computer though...

Mazzinator

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Re: Race from 10 too 100k!!
« Reply #240 on: November 12, 2014, 02:50:40 PM »
Can someone explain to me how to update the chart from my ipad??? Please...

Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!

Hahaha!!!

Jerk ;-)

Pooperman

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Re: Race from 10 too 100k!!
« Reply #241 on: November 12, 2014, 03:10:53 PM »
Can someone explain to me how to update the chart from my ipad??? Please...

Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!

Hahaha!!!

Jerk ;-)

It maaaay have come off a bit more asshole-y than intended, at least it was taken as I meant it :).

Mazzinator

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Re: Race from 10 too 100k!!
« Reply #242 on: November 13, 2014, 12:12:52 PM »
Can someone explain to me how to update the chart from my ipad??? Please...

Hold down the power button for a few seconds. Swipe across the screen. Walk over to a non-mobile device, turn it on. Navigate your way to this thread and open the google doc. Now it's editable!

Hahaha!!!

Jerk ;-)

It maaaay have come off a bit more asshole-y than intended, at least it was taken as I meant it :).

Nah, it's all good...i was just beginning to think that maybe i was just to stoopid to figure out how to edit it..so i thought i'd ask. I don't have a pc, just my ipad. I think i'll try the app, thanks FPeace.

Pooperman

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Re: Race from 10 too 100k!!
« Reply #243 on: November 29, 2014, 09:01:04 AM »
NW up this month from 16,949.24 to 18,967.23 partially due to a correction in vehicle valuation (KBB says it's worth more than I thought it was when I guessed and now it's fixed and reflected).

Only saved 21% this month with a slew of yet more moving expenses (furniture is expensive when you have none or so I've discovered). Everything is furnished, but next month I've got the 6 month auto insurance bill of $550 + xmas gift cards so it won't be perfect, but it is getting better.

Runge

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Re: Race from 10 too 100k!!
« Reply #244 on: November 29, 2014, 09:09:33 AM »
I'm up to $16,496.95 from $15,774.94. Fairly ho-hum this month. My employer decided to introduce a 2 week lag in pay in October, and I'm feeling the effects of it this month.

frogger

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Re: Race from 10 too 100k!!
« Reply #245 on: November 29, 2014, 12:14:59 PM »
I'm going to predict -$1000 around November 2014. And let's go with -$100, $0, and $100 in December, $1000 in February...
I almost didn't make it, but a market bump, car value bump, and bonus for opening a Capital One 360 account put me at $150 for the end of the month. I have joined the land of the positive net worth! I could totes use a dancing emoticon right now!

Two more paychecks in December will put me well past $1000 by the end of the year. Peach fuzz, here I come!  :D :D :D

MWM1220

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Re: Race from 10 too 100k!!
« Reply #246 on: November 29, 2014, 01:25:59 PM »
Is anyone else having trouble with the spreadsheet? Mine isn't autocalculating my change and in the growth tab my user is next to completely different numbers.

Anyway, went from a $6100 net worth to about $11,500! Not too shabby!

Primm

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Re: Race from 10 too 100k!!
« Reply #247 on: November 29, 2014, 04:14:01 PM »
Is anyone else having trouble with the spreadsheet? Mine isn't autocalculating my change and in the growth tab my user is next to completely different numbers.

Anyway, went from a $6100 net worth to about $11,500! Not too shabby!

Yeah, it won't even open for me. If someone could update my November numbers to -$11,503.84 that would be awesome, thank you!

ohyonghao

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Re: Race from 10 too 100k!!
« Reply #248 on: November 30, 2014, 01:15:57 PM »
The spreadsheet seems to be working fine for me.  I bought a nice road bike this month, so savings weren't quite what they would have been, but I got a hell of a deal on the bike.  Used on Craigslist for $1,000, the MSRP is $4,200, has all the components I would like and came with clipless pedals and a pair of shoes.

Oct:     $70,999.50
Nov:    $73,869.62
Saved: $2,870.12

Next month our new high deductible health plan starts taking premiums, which will mean a bit of savings for us along with the adjustment done on my W-4, we should see our savings accelerate.

FoundPeace

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Re: Race from 10 too 100k!!
« Reply #249 on: November 30, 2014, 03:35:00 PM »
Integrated my 401k into my numbers this week, which added $3,740

Oct. $28,781
Nov.  $35,983

Even discounting the 401k, it was a great month!