Author Topic: Save 100k(couple) or 50k(single) in 2017  (Read 18574 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.


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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%
PM me about how to save 6% on your annual grocery Bill!

There is a 35k starwood bonus right now as well. PM me for the info.

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

  • Stubble
  • **
  • Posts: 131
  • Age: 46
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

  • Handlebar Stache
  • *****
  • Posts: 1506
  • Location: Mississippi
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

  • Bristles
  • ***
  • Posts: 291
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.