Author Topic: Save 100k(couple) or 50k(single) in 2017  (Read 23106 times)

Luckyvik

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #200 on: July 12, 2017, 01:59:40 PM »
Mmm lets see:

Super 1: 25k
Super 2: 25k
Principal payments: 12k
Mortgage offset acc: 38k

= 100k

The mortgage offset of 38k is a stretch goal for us but at $3,167/month it's feasible, we just need to save most of my pay, which is something we wanted to do anyway.


Sent from my iPhone using Tapatalk
Jan-June 2017
26500 Super
10800 Principal payments
5000 Mortgage offset acc
= 42300
So, 42.3% of goal

Super payments are are on track, principal payments are ahead due to increasing our repayments, mortgage offset account savings are behind, I didn't take into account that most of our annual bills are in the first half of the year including $3300 health insurance and $1000 car registration and renewal costs. I am more closely monitoring the budget from now on.


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Dictator_Mars

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #201 on: July 20, 2017, 07:23:27 AM »
My goals at the beginning of the year:

401K                         18000
401K catch up           6000
401K match/profit   2000
HSA                           3400
HSA match                     550
Roth IRA                   5500
Roth IRA catch up   1000
52 week challenge   1378
   
Total Saved:         37828

But I need to get rid of things and build up the emergency fund as well.

McStache

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #202 on: July 20, 2017, 08:03:54 PM »
July Update:
Bucket         Current / Goal
401k          $ 12,353 / $ 18,000
401k Match     $ 2,938 / $ 5,000
Roth IRA       $ 4,650 / $ 5,500
HSA            $ 1,983 / $ 3,400
Brokerage      $ 7,012 / $ 20,000
------------------------------------
Total         $ 28,937 / $ 50,000

January        $ 3,727   7.5%
February       $ 7,918   15.8%
March         $ 11,838   23.7%
April         $ 15,599   31.2%
May/June      $ 24,764   49.5%
July          $ 28,937   57.9%

linuxhero

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #203 on: July 21, 2017, 07:49:52 AM »
July numbers...


HSA:                   $3354 / $5750
HSA Match:             $1000 / $1000
401K After Tax:       $28669 / $27010
401K Employer Match:   $4346 / $6885
Roth IRA:              $5500 / $5500
401K Pre Tax:          $2223 / $18000
Wife Traditional IRA:  $5500 / $5500
Mortgage principle:    $4881 / $8446
=====================================
Total:                $55473 / $78091 (71%)

ritz

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #204 on: July 27, 2017, 10:15:58 AM »
July Totals:
GoalActualRemaining
401(K)18,00010,4427,558
401(K) Match7,2004,1773,023
2016 Roth IRA1,5001,5000
2017 Roth IRA5,5005,5000
2016 HSA5135130
2017 HSA3,4003,4000
Taxable29,50017,50012,000
Total65,61343,03222,581
65.58% complete (57.48% without additional $12,500)

Lots of good this month. I maxed out both my Roth IRA and my HSA for the year! I finally got my California tax refund (4 months after filing my return). It came with an extra $10.11, so at least I got a little interest on it. Other than my 401(K), the only thing I have left to save is $12,000 in my taxable account. I have 11 paychecks left this year, so if I can save $1,000 from each one plus find another $1,000 from the rest combined, I should hit that goal. My roommate decided to stay, so I don't have to worry about replacing her or moving out on my own. The bad this month mainly came from my upcoming trip. I estimated a few months ago that I had $1,000-2,000 left to spend on it, and I'm already up to about $2,700, and I haven't even gone on the trip yet. I have the cash to pay for it, but it's a little sad to spend it all when I was hoping to be able to move it into my savings. The trip is next month though, so the rest of the year hopefully won't have any big expenses.

SAfAmBrit

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #205 on: July 27, 2017, 10:51:19 AM »
July numbers

15616  18000   401k
1400      1400   401k match
2000    5500    Roth IRA
3000       6500   DH Roth IRA
3600    36000    Mortgage
1450      15800   Taxable Vanguard
4800      4800      Archaeology Dig
3600     12000   Debt
67866   100000   
      
      
67.866% towards target - had a good uneventful month.      
   
« Last Edit: July 27, 2017, 10:58:57 AM by SAfAmBrit »

FireHiker

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #206 on: July 27, 2017, 11:51:12 AM »
July numbers are totaled. Not as much saved this month because our very painful car insurance (three cars including 16 year old male driver) hit this month. Ouch.

So far, we are:

Jan: $3913.79
Feb: $6682.73
March: $13292.82
April: $5136.54
May: $5736.67
June: $9056.87
July: $6822.09
Total YTD: $50,644.70, or 50.6% towards the $100k target, broken out as follows:

YTD 401k contributions: $24,234.52
YTD 401k matching: $9,838.09
YTD repayments on 401k loans: $8,283.25
YTD HSA: $2,934.65
YTD cash savings: $5,354.19

savings rate for June was 43%

August is a 3 paycheck month, so since we budget based on 2 checks, that will mean a lot of extra going to savings (in this case, extra payments on the 401K loan, in addition to the regular pre-tax savings).

Need2Save

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #207 on: July 29, 2017, 07:18:02 AM »
JULY UPDATED TOTALS/ORIG GOALS:
401k Mrs:  $10,306 / $18,000 (57%)
401k Match Mrs: $3,259 / $2,400 (136%) - finally got employer match for the 1st half of the year.**
401k Mr: $12,196 / $18,000 (68%)
401k Match Mr: $7,881 / $5,500 (143%) -- includes $5,000 employer profit sharing deposit
HSA Mrs: $3,652 / $5,230 (70% - includes employer $ of $1,500)
HSA Mr: $1,300 / $1,520 (86% - includes employer $ of $1,000)
Taxable Investments:  $37,183 / $14,300 (260%)*
Other Savings: $7,200 / $10,800 (67%)
College 529: $2,912 / $4,990 (58%)
Other College: $2,745 / $14,000 (20%) - no change
Extra Mortgage Princ:  $22,482 / $27,668 (81%)
TOTAL: $101,115/ $122,408 (83% of original goal)

Look at that - over the $100k mark.  Awesome!

*I got the 2nd half of my annual bonus in July which is why we were able to kick another $10,000 into investments this month.
**Finally got employer 401k match for the 1st six month. This is all I will be receiving until January, 2018.

Although no more bonus money is coming this year, we do have extra earnings due to hitting the SS annual max so we will pad the investments a little more between now and the end of the year.  We are on track to exceed our stretch goal.  Double awesome!  After an extremely busy June and July with little time to think or check on financial matters, it's pretty nice to see that our plans have all played out fine and we are having an excellent year.

BlueHouse

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #208 on: July 31, 2017, 07:58:08 AM »
July update:  2017 Progress against Goal
 
  Year to date progress:       Saved          Goal
   401k                               14,000              24,000   
   401k match                     32,445              30,000   
   Roth IRA                           6,500              6,500   
   Taxable Savings              11,600            100,000   
------------------------------------------------------------------------------         
   YTD                                 64,545            160,500         40% of goal
   
January YTD savings             14,485          160,500          9%
February YTD savings            36,995          160,500         23%
March YTD savings                39,505          160,500         25%
April   YTD savings                67,015          160,500         42%
May    YTD savings                59,525          160,500         37% (ugh)
June YTD savings                  62,035          160,500         39%
July YTD savings                   64,545          160,500         40%
Sometimes nothing can be a real cool hand

NinetyFour

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #209 on: July 31, 2017, 08:13:08 AM »
I am at $32,515, for a singleton.  Reaching the $50K goal will be achievable. 

What will be a bit of a stretch will be maxing out both my 403b and my 457.  (I can put $24,000 into each of those, because I am old.)  But I am pretty sure I can do it.
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2Birds1Stone

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #210 on: July 31, 2017, 12:37:04 PM »
Saved $40,600 myself through July 31st.

SO has probably saved closed to ~$12k
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Sailor Sam

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #211 on: July 31, 2017, 04:36:58 PM »
JULY
              JULY         YTD        GOAL
Fed TSP:   $1,515.22   $10,567.02   $18,000 
Trad IRA:    $459.36    $3,212.92    $5,500
After Tax: $2,686.38   $23,885.30   $26,500
Total:     $4,660.96   $37,665.24   $50,000

Jan YTD Savings:   $5,571.87  (11% of goal) 
Feb YTD Savings:  $13,850.36  (28% of goal)
Mar YTD Savings:  $19,459.58  (39% of goal)
Apr YTD Savings:  $22,175.50  (47% of goal)
May YTD Savings:  $27,927.41  (56% of goal)
Jun YTD Savings:  $33,104.29  (66% of goal)
Jul YTD Savings:  $37,665.24  (75% of goal)


A very blah month. I had to spend almost $1300 on professional re-qualification stuff. Irritating, but such is life.

SpareChange

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #212 on: August 01, 2017, 12:30:04 AM »
July: $3,898.83 saved.

YTD: $34,644.25/50k (69.3%)

RWD

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #213 on: August 14, 2017, 09:36:33 AM »
January 2017 - $17.3k
February 2017 - $22.6k
March 2017 - $39.4k
April 2017 - $43.8k
May 2017 - $46.7k
June 2017 - $69.1k

July 2017

401k + matching: $12,101 / $21,219
HSA: $3,400 / $3,400
Mandatory retirement + matching: $9,584 / $14,745
457: $0
403b: $0
Roth IRAs: $11,000 / $11,000
Car loan principal: $3,419 / $5,962
Mortgage principal: $5,829 / $10,058
Brokerage: $29,000 / $33,616

TOTAL: $74.3k / $100k

linuxhero

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #214 on: August 22, 2017, 01:49:52 PM »
August numbers...


HSA:                   $3833 / $5750
HSA Match:             $1000 / $1000
401K After Tax:       $28669 / $27010
401K Employer Match:   $5098 / $6885
Roth IRA:              $5500 / $5500
401K Pre Tax:          $5429 / $18000
Wife Traditional IRA:  $5500 / $5500
Mortgage principle:    $5588 / $8446
=====================================
Total:                $60617 / $78091 (77%)

bigchrisb

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #215 on: August 22, 2017, 05:23:10 PM »
Sadly, I have blown mine in April.  Combination of a honeymoon, costs associated with an upcoming kid, and booking in a bucket list trip for before the kid arrives.  Sadly I'm out for this one from here on in.

Ok, I'm crawling back on the bandwagon.  A lot of changes - now married, took a bucket list trip to dive the Galapagos and Mexico for a month while I can (expecting it to be a bit harder for long dive trips post kid).  I have also handed in notice a bit later, finishing up on  the 7th of October.

I've saved  $88k year to date (to the end of August).  I'd like to get this to $110k by my last day at work (7 Oct).  September and October are big dividend months, and there should be a small amount of vacation time paid out at the end.

Jan $24763
Feb $5079
Mar $18870
Apr $2328
May $4325
Jun $3499
Jul $14404
Aug $14616
« Last Edit: August 22, 2017, 05:38:26 PM by bigchrisb »

Need2Save

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #216 on: August 26, 2017, 07:20:56 AM »
AUGUST UPDATED TOTALS/ORIG GOALS:
401k Mrs:  $11,693 / $18,000 (65%)
401k Match Mrs: $3,259 / $2,400 (136%)
401k Mr: $13,379 / $18,000 (74%)
401k Match Mr: $8,275 / $5,500 (150%) -- includes $5,000 employer profit sharing deposit
HSA Mrs: $3,935 / $5,230 (75% - includes employer $ of $1,500)
HSA Mr: $1,340 / $1,520 (88% - includes employer $ of $1,000)
Taxable Investments:  $39,183 / $14,300 (274%)
Other Savings: $7,200 / $10,800 (67%)
College 529: $3,328 / $4,990 (67%)
Other College: $2,745 / $14,000 (20%) - no change
Extra Mortgage Princ:  $26,544 / $27,668 (96%)
TOTAL: $110,885/ $122,408 (91% of original goal)


McStache

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #217 on: August 27, 2017, 09:21:26 PM »
August Update:
Bucket         Current / Goal
401k          $ 13,435 / $ 18,000
401k Match     $ 3,371 / $ 5,000
Roth IRA       $ 5,000 / $ 5,500
HSA            $ 2,267 / $ 3,400
Brokerage      $ 8,566 / $ 20,000
------------------------------------
Total         $ 32,638 / $ 50,000

January        $ 3,727   7.5%
February       $ 7,918   15.8%
March         $ 11,838   23.7%
April         $ 15,599   31.2%
May/June      $ 24,764   49.5%
July          $ 28,937   57.9%
August        $ 32,638   65.3%

boarder42

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #218 on: August 28, 2017, 06:08:03 AM »
PC actually tracks this perfectly for me so i dont have to go thru every account and find what i've invested and sum it up so Aug month end.

Total = 60k    /    100.5K  60%
Best super bonuses on Credit cards right now - ask me how to Mfg spend to meet the sign up bonus

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SpareChange

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #219 on: August 29, 2017, 11:24:29 PM »
August: $4,117.66 saved.

YTD: $38,761.91/50k (77.5%)

dogboyslim

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #220 on: August 31, 2017, 09:09:40 AM »
Through June I was at 71% of the way there.  Now I'm 81.9%.  Progress of 5.45% each month.  That pace should get me 3% over goal.  I am currently looking for some wood to knock...

August update:

Source               Goal        YTD    Remaining
-------------------------------------------------
401(K)             18,000     13,346        4,654
Match              24,000     20,913        3,087
Taxable            60,400     50,760        9,640
Debt Reduction      7,700      5,170        2,530
-------------------------------------------------
Total             110,100     90,189       19,911

FireHiker

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #221 on: August 31, 2017, 09:43:24 AM »
August was a 3 paycheck month, so I've had to wait until today to tally up the numbers (although I could have projected today's of course).

So far, we are:

Jan: $3913.79
Feb: $6682.73
March: $13292.82
April: $5136.54
May: $5736.67
June: $9056.87
July: $6822.09
August: $12,498.75
Total YTD: $63,143.45 or 63% towards the $100k target, broken out as follows:

YTD 401k contributions: $29,637.46
YTD 401k matching: $10,784.80
YTD repayments on 401k loans: $13,455.90
YTD HSA: $3,328.57
YTD cash savings: $5,936.72

savings rate for August was 52.8%, YTD is 42.8%

We're only 3% behind for the year now, so hopefully we can actually make it.

StarBright

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #222 on: August 31, 2017, 10:02:36 AM »
Long time since I last updated:

401k Starbright                         8,942 /  14,400                         
Starbright company match              0  /  1,000
401a w/ match DH                   8,640  /  12,960
457 DH                                   2,800   /  4,200
Roths                                      1,600  /  11,000
HSA                                        2,000  /   3,000
Extra Mortgage Principal           3,200  /   4,800
Taxable/Moneymarket               2,240  /   8,640

$29,422/ $60,000  (approx 50%)

Since 60k was a huge stretch for us I'm feeling pretty good about this. DH and I also recently got raises and his goes into effect on his September paycheck so our 401k and 401a should come in slightly higher than anticipated for the year.

Our savings goal for 2016 was 35k and last year's thread inspired us to hit 47k. Even if we can't get to 60k this year I think we can definitely hit 50!

Thanks everyone for the continuing inspiration.

BlueHouse

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #223 on: August 31, 2017, 10:02:55 AM »
August update:  2017 Progress against Goal
 
  Year to date progress:       Saved          Goal
   401k                               16,000              24,000   
   401k match                     32,955              30,000   
   Roth IRA                           6,500              6,500   
   Taxable Savings              31,600            100,000   
------------------------------------------------------------------------------         
   YTD                                 87,055            160,500         54% of goal
   
January YTD savings             14,485          160,500          9%
February YTD savings            36,995          160,500         23%
March YTD savings                39,505          160,500         25%
April   YTD savings                67,015          160,500         42%
May    YTD savings                59,525          160,500         37% (ugh)
June YTD savings                  62,035          160,500         39%
July YTD savings                   64,545          160,500         40%
August YTD savings               87,055         160,500          54%
Sometimes nothing can be a real cool hand

ritz

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #224 on: August 31, 2017, 10:50:10 AM »
August Totals:
GoalActualRemaining
401(K)18,00011,7456,255
401(K) Match7,2004,6982,502
2016 Roth IRA1,5001,5000
2017 Roth IRA5,5005,5000
2016 HSA5135130
2017 HSA3,4003,4000
Taxable29,50019,50010,000
Total65,61346,85618,757
71.41% complete (64.68% without additional $12,500)

Finally went on my big trip in August! I've been paying for it throughout the year and it ended up costing nearly $8,000 (although about $1,800 of that was gear for the trip which I am mostly happy to have and about $550 should be reimbursable by my HSA for vaccines, physicals, and prescriptions). Ouch. But it was a bucket list trip (Kilimanjaro) and much more than I normally spend on vacations, and it's just really great to know that I can do things like that and still save money. The only unexpected thing this month was that I was told that I could go negative on my PTO at work, and apparently by that they really meant I could take unpaid time. So I had 10 hours that I wasn't paid for this month (not included in my $8,000 cost above), which meant I had a smaller paycheck and missed out on some matching on my 401(K). My 401(K) will still max out on my last paycheck of the year though, so at least I don't have to change my withholdings.

Sailor Sam

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #225 on: August 31, 2017, 09:31:53 PM »
AUGUST
              AUG         YTD        GOAL
Fed TSP:   $1,515.22   $12,082.24   $18,000 
Trad IRA:    $459.36    $3,672.28    $5,500
After Tax: $2,686.38   $26,835.30   $26,500
Total:     $4,924.58   $42,589.82   $50,000

Jan YTD Savings:   $5,571.87  (11% of goal) 
Feb YTD Savings:  $13,850.36  (28% of goal)
Mar YTD Savings:  $19,459.58  (39% of goal)
Apr YTD Savings:  $22,175.50  (47% of goal)
May YTD Savings:  $27,927.41  (56% of goal)
Jun YTD Savings:  $33,104.29  (66% of goal)
Jul YTD Savings:  $37,665.24  (75% of goal)
Aug YTD Savings:  $42,589.82  (85% of goal)


I feel like I spent a lot in August, but also managed to save a fair amount. I hit my after tax goal, which is a nice feeling indeed.
« Last Edit: August 31, 2017, 09:33:58 PM by Sailor Sam »

SAfAmBrit

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #226 on: September 01, 2017, 11:49:56 PM »
August numbers

18000   18000   401k
  1400     1400   401k match
  3000     5500   Roth IRA
  3500     6500   DH Roth IRA
  3600    36000    Mortgage
  1950    15800   Taxable Vanguard
  4800      4800  Archaeology Dig
  8000    12000   Debt
76650   100000   
      
76 % towards target - happy to be ahead of the game right now. My pool pump gave up - so will need to purchase a new one unfortunately!

RWD

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #227 on: September 02, 2017, 08:05:50 AM »
January 2017 - $17.3k
February 2017 - $22.6k
March 2017 - $39.4k
April 2017 - $43.8k
May 2017 - $46.7k
June 2017 - $69.1k
July 2017 - $74.3k

August 2017

401k + matching: $14,596 / $21,219
HSA: $3,400 / $3,400
Mandatory retirement + matching: $10,322 / $14,745
457: $0
403b: $0
Roth IRAs: $11,000 / $11,000
Car loan principal: $3,912 / $5,962
Mortgage principal: $6,670 / $10,058
Brokerage: $29,000 / $33,616

TOTAL: $78.9k / $100k

neverrun

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #228 on: September 03, 2017, 05:22:04 AM »
I feel like I've cheated due to my work transfer I've hit my goal for the year basically.

TSP:                                                12474/18,000
TSP match:                                      4431.36/7050*
HSA:                                               3350/3350
IRA:                                                5,500/5,500
Brokerage orig goal:                         21200/41000 
Profit invested from sale of house:** 80,000/0
Mortgage Principle                            0/0
                                                       ___________
                                                       126,955/75,000

*Match will not reach goal as I took a slight pay cut in August so match will drop about $300 for the year.
**  As part of my move I downsized in price of my house.  The 80,000 is the estimated difference.  I did go from owning free and clear to having a mortgage so my base monthly after-tax contributions will be smaller now and I will add in mortgage principle. 
***I also invested the mortgage amount but I am not counting that as saving as it was just more of a money transfer. 

Need2Save

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #229 on: September 23, 2017, 06:31:43 AM »
SEPTEMBER UPDATED TOTALS/ORIG GOALS:
401k Mrs:  $13,774 / $18,000 (77%)
401k Match Mrs: $3,259 / $2,400 (136%) - no change, will not get more $ until January '18
401k Mr: $15,153 / $18,000 (84%)
401k Match Mr: $8,866 / $5,500 (161%) -- includes $5,000 employer profit sharing deposit
HSA Mrs: $4,369 / $5,230 (84% - includes employer $ of $1,500)
HSA Mr: $1,400 / $1,520 (92% - includes employer $ of $1,000)
Taxable Investments:  $42,383 / $14,300 (296%)
Other Savings: $7,200 / $10,800 (67%)
College 529: $3,744 / $4,990 (75%)
Other College: $2,745 / $14,000 (20%) - no change
Extra Mortgage Princ:  $28,406 / $27,668 (103%)
TOTAL: $131,299 / $122,408 (107% of original goal)

Three months to go! Our Stretch Goal of $160k is in sight!

badscooter

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #230 on: September 23, 2017, 10:24:56 AM »
Couple challenge here. The totals so far (contributions only):

401k - 24k
401k match - 40k
Roth - 0 🙁
529 - 22.8k
Taxable - 20k

Total: 106.8k (84k not counting 529).

Will do our Roth at the end of the year with the bonus, so we should hit the 100k mark. Feels good to save!

PharmaStache

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #231 on: September 24, 2017, 10:44:22 AM »
50k

5.5k TFSA 1
5.5k TFSA 2
3k RRSP
2.5k RESP 1
5k RESP 2 (2.5k done)
19500 TFSA 1
9000 Taxable (1k done)
(not including pension contributions/matches this year)

bigchrisb

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #232 on: September 24, 2017, 04:16:40 PM »
This thread is such an inspiration!  So many people not only meeting their goals, but blowing them out of the water!  Also good to see people hitting other goals at the same time, like Ritz's Kilimanjaro trip.  I did similar with a Galapagos  diving trip, and still managed to save.

As of September sitting on $107k saved.  I have 8 work days left, and $3k to save in October to hit my $110k goal. 

Jan $24763
Feb $5079
Mar $18870
Apr $2328
May $4325
Jun $3499
Jul $14404
Aug $14616
Sep $20045

linuxhero

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #233 on: September 25, 2017, 10:23:51 PM »
September numbers...


HSA:                   $4313 / $5750
HSA Match:             $1000 / $1000
401K After Tax:       $28669 / $27010
401K Employer Match:   $5594 / $6885
Roth IRA:              $5500 / $5500
401K Pre Tax:          $8635 / $18000
Wife Traditional IRA:  $5500 / $5500
Mortgage principle:    $6299 / $8446
=====================================
Total:                $65510 / $78091 (84%)

SpareChange

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #234 on: September 25, 2017, 11:36:54 PM »
Sept: $4,042.79 saved

YTD: $42,804.70/50k (85.6%)

akzidenz

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #235 on: September 27, 2017, 04:57:25 PM »
I'm so close! I got a 20% raise that kicked in this month, and I filled out my 401(k)…which means I'll have a bit more take-home income to add to my taxable investments. I've started lurking around these forums again to motivate myself to be frugal and actually hit the $50k mark.

Here's a breakdown of my goal by different categories:

GoalSo farPercentage
401(k)$18,000$18,000100%
Roth IRA$5,500$5,500100%
Taxable$21,500$15,60072.6%

From March 1: (just after a nice company bonus, which is how I managed to fill out my Roth IRA so quickly)

GoalSo farPercentage
401(k)$18,000$6,90038.3%
Roth IRA$5,500$5,500100%
Taxable$21,500*$4,00018.6%

ritz

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #236 on: September 27, 2017, 05:54:13 PM »
September Totals:
GoalActualRemaining
401(K)18,00013,1414,859
401(K) Match7,2005,2561,944
2016 Roth IRA1,5001,5000
2017 Roth IRA5,5005,5000
2016 HSA5135130
2017 HSA3,4003,4000
Taxable29,50021,5008,000
Total65,61350,81014,803
77.44% complete (72.13% without additional $12,500)

Not much interesting to report for September, although I did hit the thread's goal amount of $50,000 (going for a little more for myself). Still on track and nothing crazy came up. The most notable thing is that I've been spending a lot of money eating out for lunch at work because I keep getting invited to eat with other people. At my last job I ate at my desk alone several days a week, so I almost always say yes when I'm invited, even though I always have a lunch in the office fridge. It's so nice to have friends to eat with at work though! Sometimes they bring lunch and we can all eat together in the common area, but they've been slacking off on bringing food, so we keep going out. Perhaps I should encourage them to start being better about bringing food.
« Last Edit: October 03, 2017, 04:37:09 PM by ritz »

BlueHouse

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #237 on: September 28, 2017, 11:32:29 AM »
September update:  2017 Progress against Goal
 
  Year to date progress:       Saved          Goal
   401k                               18,000              24,000   
   401k match                     33,465              30,000   
   Roth IRA                           6,500              6,500   
   Taxable Savings              31,600            100,000   
------------------------------------------------------------------------------         
   YTD                                 89,565            160,500         56% of goal
   
January YTD savings             14,485          160,500          9%
February YTD savings            36,995          160,500         23%
March YTD savings                39,505          160,500         25%
April   YTD savings                67,015          160,500         42%
May    YTD savings                59,525          160,500         37% (ugh)
June YTD savings                  62,035          160,500         39%
July YTD savings                   64,545          160,500         40%
August YTD savings               87,055         160,500          54%
SeptemYTD savings               89,565         160,500          56%

I have no idea where all of my money is going!  I'll have to dig in to take a look.  Each quarter my Estimated taxes are killing me and making it so I can't catch up/get ahead. 
Sometimes nothing can be a real cool hand

dogboyslim

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #238 on: September 28, 2017, 11:39:11 AM »
I have no idea where all of my money is going!  I'll have to dig in to take a look.  Each quarter my Estimated taxes are killing me and making it so I can't catch up/get ahead <of my plan>.

IFYP!...$90k through 3 quarters is not exactly falling behind.  Granted, you are below your plan (I think) but its still 90k ahead.  ;)

BlueHouse

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #239 on: September 28, 2017, 11:49:25 AM »
I have no idea where all of my money is going!  I'll have to dig in to take a look.  Each quarter my Estimated taxes are killing me and making it so I can't catch up/get ahead <of my plan>.

IFYP!...$90k through 3 quarters is not exactly falling behind.  Granted, you are below your plan (I think) but its still 90k ahead.  ;)
Thanks for the encouragement DogBoy.  I don't think I've been spending more than last year.  I think I may have to get better at planning my taxes.  I think I had a massive tax refund from 2015, so that would have set up 2016 for a really strong year.  After 2016, I owed a bit, and that got me started in the hole.  At least I hope that's all it is.
Sometimes nothing can be a real cool hand

FireHiker

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #240 on: September 28, 2017, 12:44:48 PM »
Well...we snagged our flights and lodging for next April's trip, so savings was low this month:

So far, we are:

Jan: $3913.79
Feb: $6682.73
March: $13292.82
April: $5136.54
May: $5736.67
June: $9056.87
July: $6822.09
August: $12,498.75
September: $6,922.95
Total YTD: $70,066.40 or 70% towards the $100k target, broken out as follows:

YTD 401k contributions: $33,239.42
YTD 401k matching: $11,415.94
YTD repayments on 401k loans: $15,371
YTD HSA: $3,713.19
YTD cash savings: $6,326.85

savings rate for September was 43.7%, YTD is 42.9%

TheAnonOne

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #241 on: September 28, 2017, 06:58:30 PM »
We crossed 100k 2 months ago. Sitting at +126K currently!

RWD

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #242 on: September 29, 2017, 05:29:20 PM »
September 2017

401k + matching: $17,091 / $21,219
HSA: $3,400 / $3,400
Mandatory retirement + matching: $11,796 / $14,745
457: $0
403b: $0
Roth IRAs: $11,000 / $11,000
Car loan principal: $4,406 / $5,962
Mortgage principal: $7,514 / $10,058
Brokerage: $47,000 / $33,616

TOTAL: $102.2k / $100k


Well, we hit the goal. I thought this was going to be a lot tighter, but we've still got a whole quarter left in the year. Though I don't intend to make any more brokerage account contibutions this year (saving for January 2018 Roth IRA max). That makes extrapolating the rest of the year easy. Assuming no employment changes or further brokerage contributions we should end 2017 at about $116k.
« Last Edit: September 29, 2017, 05:33:21 PM by RWD »

ToughMother

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #243 on: September 30, 2017, 10:10:46 AM »
Here's the Q3 update

                         (through 9/30 paycheck)
GOALS                       ACTUAL (thru Q3)
Pension savings $12K  10640 89%
457 savings $24K        20000 83%
403b savings $12K      16000 133% (got a promotion/raise, going here)
ROTH savings $6.5K      6500 100% (I forgot I had already contributed to my 2016 account, so I had everything saved for 2017)
After tax savings $4K     9232 231% (rest of promotion/raise going here)
TOTAL $58.5K ($8K higher goal than 2016)  62,372 107% in Q3
« Last Edit: September 30, 2017, 10:14:26 AM by ToughMother »
In English & Latin,
ToughMother.

Sailor Sam

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #244 on: October 01, 2017, 12:22:28 AM »
SEPTEMBER
              SEPT         YTD        GOAL
Fed TSP:   $1,515.22   $13,597.46   $18,000 
Trad IRA:    $459.36    $4,131.64    $5,500
After Tax: $2,867.46   $29,750.31   $26,500
Total:     $4,842.04   $42,589.82   $50,000

Jan YTD Savings:   $5,571.87  (11% of goal) 
Feb YTD Savings:  $13,850.36  (28% of goal)
Mar YTD Savings:  $19,459.58  (39% of goal)
Apr YTD Savings:  $22,175.50  (47% of goal)
May YTD Savings:  $27,927.41  (56% of goal)
Jun YTD Savings:  $33,104.29  (66% of goal)
Jul YTD Savings:  $37,665.24  (75% of goal)
Aug YTD Savings:  $42,589.82  (85% of goal)
Sep YTD Savings:  $47,479.41  (95% of goal)


So close!

NinetyFour

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #245 on: October 01, 2017, 03:24:39 PM »
Singleton.

401a:  $6000 (this is mandatory; cannot be increased or decreased)
403b: $24,000 (optional, but I will max it out)
mortgage principal:  $5000
457:  at least $15,000 (optional; I can put a max of $24,000 in, but not sure I will be able to)

That gets me to $50,000, but maybe I can do better!  We'll see!

My progress:

401a:               $10,518
403b:               $18,500
457:                $13,930
mortgage principal:  $8,788

Total:              $51,736


And another $18K+ will go into retirement accounts before the year is over.  :)
My Journal

Countdown to Freedom:  152 days; 16 weeks of classes; 48 days of classes

McStache

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #246 on: October 02, 2017, 09:22:15 AM »
September Update:
Bucket         Current / Goal
401k          $ 14,516 / $ 18,000
401k Match     $ 3,803 / $ 5,000
Roth IRA       $ 5,500 / $ 5,500 <-- Complete
HSA            $ 2,550 / $ 3,400
Brokerage     $ 23,008 / $ 20,000 <-- Complete, but with windfall - now targeting $30,000
------------------------------------
Total         $ 49,377 / $ 50,000

January        $ 3,727   7.5%
February       $ 7,918   15.8%
March         $ 11,838   23.7%
April         $ 15,599   31.2%
May/June      $ 24,764   49.5%
July          $ 28,937   57.9%
August        $ 32,638   65.3%
September     $ 49,377   98.8%

SAfAmBrit

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #247 on: October 11, 2017, 09:57:07 AM »
September numbers

18000   18000   401k
  1400     1400   401k match
  3000     5500   Roth IRA
  5500     6500   DH Roth IRA
 36000   36000    Mortgage
  2200    15800   Taxable Vanguard
  4800      4800  Archaeology Dig
 12000    12000   Debt
83400   100000   
      
83 % towards target

Vaulter

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #248 on: October 11, 2017, 11:16:53 AM »
You guys are inspiring! We're 95% done and hoping to put a little bit in savings as extra credit now that the student loans are finally gone.

AccountSavingsGoal
401k (A)18,00018,000
401k match/PS (A)13,50018,000
401k (B)18,00018,000
401k PS (B)8,0009,000
HSA (A+B)6,7506,750
BD Roth IRA (A+B)11,00011,000
Loan Payoff40,75040,750
TOTAL116,000121,500

StarBright

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Re: Save 100k(couple) or 50k(single) in 2017
« Reply #249 on: October 11, 2017, 12:18:34 PM »

Updating through Sep 30 -

401k Starbright                        11,250/  14,400                         
Starbright company match        3,842  /  1,000
401a w/ match DH                   9,720  /  12,960
457 DH                                   3,150   /  4,200
Roths                                      2,300  /  11,000
HSA                                        2,000  /   3,000
Extra Mortgage Principal           3,600  /   4,800
Taxable/Moneymarket               2,390  /   8,640

$38,652/ $60,000  (approx 64%)

I'm super pleased with this.