Author Topic: Save 50k single 100k couple in 2021 (Read 12363 times)

alcon835 · « **Reply #100 on:** August 20, 2021, 06:20:35 AM »

The percentage goal for me to be on track for August is 66.67%.

Bucket	Goal	Current
401K	$19,500	$12,616.80
Match	$3,500	$3,242.40
Roth 1	$6,000	$4,000.00
Roth 2	$6,000	$4,000.00
Brokerage	$12,000	$14,049.91
Dividends	$200	$187.77
Mortgage	$18,500	$12,508.21
Savings	$6,000	$7,171.12	(Done!)
Goal	$71,700	$57,776.21	80.58%	(+13.91% to goal)
Stretch	$100,000	$57,776.21	52.66%	(-8.89% to goal)

Update:
Seeing the progress everyone is making month-over-month is so encouraging! We're all walking a different road while still stretching ourselves to meet these goals. It keeps me going!

I'm still on track for my original goal, but I'm almost 10% behind on my stretch goal! I don't think September is going to be much better than August, so Oct/Nov/Dec need to step it up a notch. I expected Q2 to be bad - but not nearly this bad.

I say that as someone who saved over $58k in six months. What do I really have to complain about?

SaucyAussie · « **Reply #101 on:** August 24, 2021, 07:09:15 AM »

A bit off the pace but the dog days of summer are coming to an end. There is light ahead with an expected raise and bonus in September.

401k 12,819.0 19,500.0 65.7
Catchup 6,500.0 6,500.0 100.0
Match 7,151.0 11,000.0 65.0
Taxable 17,000.0 30,000.0 56.7
Roth 7,000.0 7,000.0 100.0
Mtg Principal - 4,000.0 -
H.S.A. 1,000.0 2,000.0 50.0
Cash - - -
Total 51,470.0 80,000.0 64.3

---------------------------------------------

JAN 8,011.0 10.0
FEB 15,622.0 19.5
MAR 23,456.0 29.3
APR 35,541.0 44.4
MAY 40,299.0 50.4
JUN 45,555.0 56.9
JUL 47,012.0 58.8
AUG 51,470.0 80,000.0 64.3

centwise · « **Reply #102 on:** August 26, 2021, 05:02:03 PM »

Lean August update! Little progress this month, and Sept/Oct are also likely to be "lean", but I'm still on track to surpass my goal, due to some fat savings from earlier in the year.

Goal: $30,000 [STRETCH goal: $40k]

Month Savings Goal Progress
Jan $3041 $2500/mo 10.1%
Feb $2700 $2500 9.0%
Mar $4200 $2500 14.0%
Apr $700 $2500 2.3%
May $1200 $2500 4.0%
June $9874 $2500 32.9%
July $2961 $2500 9.9%
Aug $700 $2500 2.3%

Totals $25,376 $20,000 84.6%

pasadenafr · « **Reply #103 on:** August 31, 2021, 08:27:31 AM »

Quote from: pasadenafr on July 30, 2021, 08:44:06 AM

July's contributions are in. I maxed out my Mega Backdoor Roth IRA, replenished my EF of the $550 I spent in June, and started saving in brokerage. My quarterly bonus was a little bigger than budgeted, and got paid out early (normally in August). We also got a small additional bonus because my employer is awesome, and it was a (small-ish) RSU month. So yeah, very good month on the savings front!

Bucket Goal Current
--------------------------------------
401k $19,500.00 $19,500.00
Roth 1 $28,750.00 $28,750.00
Brokerage $45,000.00 $12,588.58
401k Match $9,750.00 $9,750.00
Roth 2 $6,000.00 $6,000.00
HSA $4,000.00 $2,516.62
Savings $0.00 $0.00
--------------------------------------
Total $113,000.00 $80,588.58

Progress 71.32%

[not started] - [on track] - [behind] - [completed] - [exceeded]

August is in! (Well, almost, I do have a few RSU shares vesting today but they won't show up until tomorrow so I'll count them next month). Fairly uneventful month, but September will see my biggest contribution of the year. I'm now hoping to exceed my stretch goal by $10 to $13k.

Bucket Goal Current
--------------------------------------
401k $19,500.00 $19,500.00
Roth 1 $28,750.00 $28,750.00
Brokerage $45,000.00 $15,570.26
401k Match $9,750.00 $9,750.00
Roth 2 $6,000.00 $6,000.00
HSA $4,000.00 $2,624.95
Savings $0.00 $0.00
--------------------------------------
Total $113,000.00 $83,570.26

Progress 73.96%

zeli2033 · « **Reply #104 on:** August 31, 2021, 09:06:29 AM »

August Update

401k 1: $9,326 / $19,500
Match: $2,044/ $4,160
401k 2: $13,564 / $19,500
HSA: $5,684 / $7,100
~~2020 Roths: $0 / $12,000~~ Not gonna happen
2021 Roths: $0 / $12,000
Cash (Efund/House DP): $27,980 / $25,000 DONE
~~Brokerage: $0 / $25,000~~ Not gonna happen
HELOC Principal: $39,850 / $50,000
============================
Total: $98,488 / $125,260 (79.0%)

We've made some significant changes to our goals this year. Since the last update, we've settled into the new house and got a new job with potential for a second new job later this year. We are prioritizing putting all extra cash to debt. We're also trying to play catch up with maxing out one of the 401ks since it wasn't an option for 3 months. Painful to see so much cash going out the door but less painful than letting that HELOC hang around.

boarder42 · « **Reply #105 on:** August 31, 2021, 09:53:32 AM »

just dropping in to thank you all for keeping this thread series alive - GREAT WORK!

McStache · « **Reply #106 on:** August 31, 2021, 06:47:36 PM »

August Update:
Bucket Current / Goal
401k $ 17,763 / $ 19,500
401k Match $ 4,156 / $ 6,750
Roth IRA $ 2,000 / $ 6,000
SEP IRA $ 2,175 / $ 5,075
HSA $ 2,567 / $ 3,600
Taxable $ 26,941 / $ 49,075
------------------------------------
Total $ 55,601 / $ 90,000
Savings Rate 86.1%

January $ 5,744 6.4%
February $ 10,919 12.1%
March $ 16,599 18.4%
April $ 24,530 27.3%
May $ 29,447 32.7%
June $ 38,134 42.4%
July $ 47,000 52.2%
August $ 55,601 61.8%

On track to juuuuust get there as of now

philli14 · « **Reply #107 on:** September 01, 2021, 01:00:05 PM »

| 401k | tIRA | HSA | Brokerage | Savings | TOTAL |
GOAL | $ 19,500 | $ 6,000 | $ 3,600 | $ 5,900 | $ 15,000 | $ 50,000 | PROGRESS |

JAN | $ 1,500 | $ 6,000 | $ 3,600 | $ 3,000 | $ -9,600 | $ 4,500 | % 9.0 |
FEB | $ 1,500 | $ 0 | $ 0 | $ 1,700 | $ 0 | $ 3,200 | % 6.4 |
MAR | $ 1,500 | $ 0 | $ 0 | $ 0 | $ 4,600 | $ 6,100 | % 12.2 |
APR | $ 2,322 | $ 0 | $ 0 | $ 0 | $ 4,300 | $ 6,622 | % 13.2 |
MAY | $ 1,557 | $ 0 | $ 0 | $ 0 | $ 1,250 | $ 2,807 | % 5.6 |
JUN | $ 1,500 | $ 0 | $ 0 | $ 0 | $ 2,200 | $ 3,700 | % 7.4 |
JUL | $ 1,554 | $ 0 | $ 0 | $ 0 | $ 3,100 | $ 4,654 | % 9.3 |
AUG | $ 1,517 | $ 0 | $ 0 | $ 0 | $ 2,900 | $ 4,417 | % 8.8 |

YTD | $ 12,950 | $ ~~6,000~~ | $ ~~3,600~~ | $ 4,700 | $ 8,750 | $ 36,000 | % 72.0 |

Cool. Exactly at 36k. Had some side income boost up some otherwise leaky spending. Still on track, really cool to think that I could make it this year.

TyGuy · « **Reply #108 on:** September 02, 2021, 02:10:51 PM »

| 401k |R-IRA (2020)|R-IRA (2021)| Brokerage | Savings | TOTAL |
GOAL | $ 19,500 | $ 6,000 | $ 6,000 | $13,500 | $5,000 | $ 50,000 | PROGRESS |

JAN | $ 1,685 | $ 0 | $ 0 | $ 0 | $ 500 | $ 2,185 | % 4.37 |

FEB | $ 1,461 | $ 500 | $ 0 | $ 0 | $ 0 | $ 1,961 | % 3.92 |

MAR | $ 1,860 | $ 5,500 | $ 0 | $ 0 | $ 0 | $ 7,360 | % 14.72 |

APR | $ 1,675 | $ 0 | $ 0 | $ 31 | $ 500 | $ 2,206 | % 4.41 |

MAY | $ 1,945 | $ 0 | $ 500 | $ 0 | $ 0 | $ 2,445 | % 4.89 |

JUN | $ 3,312 | $ 0 | $ 500 | $ 100 | $ 100 | $ 4012 | % 8.02 |

JLY | $ 2,590 | $ 0 | $ 1,500 | $ 0 | $ 400 | $ 4,490 | % 8.98 |

AUG | $ 1,902 | $ 0 | $ 1,500 | $ 0 | $ 100 | $ 3,502 | % 7.00 |

SEP | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | % 0.0 |

YTD | $ 16,430 | $ 6000 | $ 4,000 | $ 131 | $ 1,600 | $28,161 | % 56.32 |

Approximately 10% behind on the year overall, hoping to close the gap a bit next month!

SaucyAussie · « **Reply #109 on:** September 23, 2021, 05:55:52 AM »

September is in the books, good catchup month helped along by my annual bonus. Still, with the tax advantaged buckets almost full, looking like I'm going to come up just short.

401k 16,237.0 19,500.0 83.3
Catchup 6,500.0 6,500.0 100.0
Match 9,173.0 11,000.0 83.4
Taxable 24,250.0 30,000.0 80.8
Roth 7,000.0 7,000.0 100.0
Mtg Principal - 4,000.0 -
H.S.A. 1,500.0 2,000.0 75.0
Cash - - -
Total 64,660.0 80,000.0 80.8

---------------------------------------------

JAN 8,011.0 8,011.0 10.0
FEB 15,622.0 7,611.0 19.5
MAR 23,456.0 7,834.0 29.3
APR 35,541.0 12,085.0 44.4
MAY 40,299.0 4,758.0 50.4
JUN 45,555.0 5,256.0 56.9
JUL 47,012.0 1,457.0 58.8
AUG 51,470.0 4,458.0 64.3
SEP 64,660.0 13,190.0 80.8

alcon835 · « **Reply #110 on:** September 30, 2021, 06:39:31 AM »

The percentage goal for me to be on track for September is 75.00%.

Bucket	Goal	Current
401K	$19,500	$15,070.75
Match	$3,500	$3,895.89.40
Roth 1	$6,000	$4,500.00
Roth 2	$6,000	$4,500.00
Brokerage	$12,000	$15,028.52
Dividends	$200	$246.30
Mortgage	$18,500	$12,508.21
Savings	$6,000	$7,171.12
Goal	$71,700	$64,503.79	89.96%	(+14.96% to goal)
Stretch	$100,000	$64,503.79	64.50%	(-10.50% to goal)

Update:
Well, I hit my goals for Savings, Brokerage, and Dividends and I am all but guaranteed to hit my normal goal - which is very cool!

My stretch goal on the other hand...that's at risk. I'm $10k down from where I need to be. While the investing I'll be doing next month will help catch me up a little, I'm going to need November and December to do some serious work if I'm going to hit my goal. The real risk is a few big home repairs that popped up. It won't impact my normal contributing, but I expected to have a larger cash position at this point and what "extra" cash I had to help me fill the gaps is about to be poured in to the house. I'll need to do some work over the next few months and it's very, very up in the air whether or not I'll be able to do what I set out to do.

Overall though, a solid month for this race. I'm really happy to see myself a mere $7k away from my goal! I should be able to save that, easily, in October.

pasadenafr · « **Reply #111 on:** September 30, 2021, 03:47:40 PM »

Quote from: pasadenafr on August 31, 2021, 08:27:31 AM

August is in! (Well, almost, I do have a few RSU shares vesting today but they won't show up until tomorrow so I'll count them next month). Fairly uneventful month, but September will see my biggest contribution of the year. I'm now hoping to exceed my stretch goal by $10 to $13k.

Bucket Goal Current
--------------------------------------
401k $19,500.00 $19,500.00
Roth 1 $28,750.00 $28,750.00
Brokerage $45,000.00 $15,570.26
401k Match $9,750.00 $9,750.00
Roth 2 $6,000.00 $6,000.00
HSA $4,000.00 $2,624.95
Savings $0.00 $0.00
--------------------------------------
Total $113,000.00 $83,570.26

Progress 73.96%

Great month for savings, bad month for investments! I will reach my goal next week 😁 (except HSA).

Bucket Goal Current
--------------------------------------
401k $19,500.00 $19,500.00
Roth 1 $28,750.00 $28,750.00
Brokerage $45,000.00 $38,670.18
401k Match $9,750.00 $9,750.00
Roth 2 $6,000.00 $6,000.00
HSA $4,000.00 $2,949.94
Savings $0.00 $0.00
--------------------------------------
Total $113,000.00 $105,620.12

Progress 93.47%

[not started] - [on track] - [behind] - [completed] - [exceeded]

McStache · « **Reply #112 on:** September 30, 2021, 06:44:05 PM »

September Update:
Bucket Current / Goal
401k $ 18,253 / $ 19,500
401k Match $ 4,809 / $ 6,750
Roth IRA $ 2,000 / $ 6,000
SEP IRA $ 2,900 / $ 5,075
HSA $ 2,825 / $ 3,600
Taxable $ 33,901 / $ 49,075
------------------------------------
Total $ 64,688 / $ 90,000
Savings Rate 87.4%

January $ 5,744 6.4%
February $ 10,919 12.1%
March $ 16,599 18.4%
April $ 24,530 27.3%
May $ 29,447 32.7%
June $ 38,134 42.4%
July $ 47,000 52.2%
August $ 55,601 61.8%
September $ 64,688 71.9%

alcon835 · « **Reply #113 on:** October 01, 2021, 06:21:10 AM »

Quote from: pasadenafr on September 30, 2021, 03:47:40 PM

Great month for savings, bad month for investments! I will reach my goal next week 😁 (except HSA).

Ha, you nailed how I feel!

trc4897 · « **Reply #114 on:** October 01, 2021, 06:24:36 AM »

Slightly ahead of schedule! Weird to see my month with the highest savings turn into my worst month in regards to net worth change though. Oh well!

Bucket	Goal	Current
401K #1	$19,500	$19,500
Match #1	$3,556	$3,556
401K #2	$19,500	$19,500
Match #2	$4,857	$4,857
Roth 1	$6,000	$6,000
Roth 2	$6,000	$1,250
Brokerage	$5,000	$2,090
Mega Backdoor Roth	$31,474	$21,130
Mortgage	$12,000	$9,000
Total	$107,887	$86,286
*Percentage*	100%	80.0%

[/quote]
[/quote]

TyGuy · « **Reply #115 on:** October 01, 2021, 11:38:40 AM »

| 401k |R-IRA (2020)|R-IRA (2021)| Brokerage | Savings | TOTAL |
GOAL | $ 19,500 | $ 6,000 | $ 6,000 | $13,500 | $5,000 | $ 50,000 | PROGRESS |

JAN | $ 1,685 | $ 0 | $ 0 | $ 0 | $ 500 | $ 2,185 | % 4.37 |

FEB | $ 1,461 | $ 500 | $ 0 | $ 0 | $ 0 | $ 1,961 | % 3.92 |

MAR | $ 1,860 | $ 5,500 | $ 0 | $ 0 | $ 0 | $ 7,360 | % 14.72 |

APR | $ 1,675 | $ 0 | $ 0 | $ 31 | $ 500 | $ 2,206 | % 4.41 |

MAY | $ 1,945 | $ 0 | $ 500 | $ 0 | $ 0 | $ 2,445 | % 4.89 |

JUN | $ 3,312 | $ 0 | $ 500 | $ 100 | $ 100 | $ 4012 | % 8.02 |

JLY | $ 2,590 | $ 0 | $ 1,500 | $ 0 | $ 400 | $ 4,490 | % 8.98 |

AUG | $ 1,902 | $ 0 | $ 1,500 | $ 0 | $ 100 | $ 3,502 | % 7.00 |

SEP | $ 2,481 | $ 0 | $ 2,000 | $ 600 | $ 0 | $ 0 | % 10.16 |

OCT | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | % 0.0 |

YTD | $ 18,911 | $ 6000 | $ 6,000 | $ 731 | $ 1,600 | $33,242 | % 66.48 |

Closed the gap a bit this past month, I will be very close to my goal if I can maintain this level of saving for the rest of the year! Maxed out my Roth IRA for the year, and my 401k will be maxed out on my next pay check!

TyGuy · « **Reply #116 on:** October 01, 2021, 11:39:22 AM »

Quote from: alcon835 on October 01, 2021, 06:21:10 AM

Quote from: pasadenafr on September 30, 2021, 03:47:40 PM
Great month for savings, bad month for investments! I will reach my goal next week 😁 (except HSA).

Ha, you nailed how I feel!

Who doesn't love a good sale!?

pasadenafr · « **Reply #117 on:** October 01, 2021, 12:08:43 PM »

Quote from: TyGuy on October 01, 2021, 11:39:22 AM

Quote from: alcon835 on October 01, 2021, 06:21:10 AM
Quote from: pasadenafr on September 30, 2021, 03:47:40 PM
Great month for savings, bad month for investments! I will reach my goal next week 😁 (except HSA).

Ha, you nailed how I feel!

Who doesn't love a good sale!?

Right? Still, seeing my whole bonus go in flames was a little sad, but hey, it's September, so nothing out of the ordinary!

philli14 · « **Reply #118 on:** October 01, 2021, 01:02:26 PM »

| 401k | tIRA | HSA | Brokerage | Savings | TOTAL |
GOAL | $ 19,500 | $ 6,000 | $ 3,600 | $ 5,900 | $ 15,000 | $ 50,000 | PROGRESS |

JAN | $ 1,500 | $ 6,000 | $ 3,600 | $ 3,000 | $ -9,600 | $ 4,500 | % 9.0 |
FEB | $ 1,500 | $ 0 | $ 0 | $ 1,700 | $ 0 | $ 3,200 | % 6.4 |
MAR | $ 1,500 | $ 0 | $ 0 | $ 0 | $ 4,600 | $ 6,100 | % 12.2 |
APR | $ 2,322 | $ 0 | $ 0 | $ 0 | $ 4,300 | $ 6,622 | % 13.2 |
MAY | $ 1,557 | $ 0 | $ 0 | $ 0 | $ 1,250 | $ 2,807 | % 5.6 |
JUN | $ 1,500 | $ 0 | $ 0 | $ 0 | $ 2,200 | $ 3,700 | % 7.4 |
JUL | $ 1,554 | $ 0 | $ 0 | $ 0 | $ 3,100 | $ 4,654 | % 9.3 |
AUG | $ 1,517 | $ 0 | $ 0 | $ 0 | $ 2,900 | $ 4,417 | % 8.8 |
SEP | $ 1,677 | $ 0 | $ 0 | $ 0 | $ 2,900 | $ 4,577 | % 9.1 |

YTD | $ 14,627 | $ ~~6,000~~ | $ ~~3,600~~ | $ 4,700 | $ 11,650 | $ 40,577 | % 81.1 |

81% with 3 months to play. With a 3 paycheck month next, I have a hard time picturing how this won't work out. I'm excited.

centwise · « **Reply #119 on:** October 01, 2021, 02:38:08 PM »

Another lean month, as predicted! I've had (predictably) larger expenses and less income, but I expect to have a couple of fat months later to make up for it. I'm pretty sure I will be able to surpass my main goal.

Goal: $30,000 [STRETCH goal: $40k]

Month Savings Goal Progress
Jan $3041 $2500/mo 10.1%
Feb $2700 $2500 9.0%
Mar $4200 $2500 14.0%
Apr $700 $2500 2.3%
May $1200 $2500 4.0%
June $9874 $2500 32.9%
July $2961 $2500 9.9%
Aug $700 $2500 2.3%
Sep $700 $2500 2.3%

Totals $26,076 $22,500 86.9%

zeli2033 · « **Reply #120 on:** October 01, 2021, 05:00:26 PM »

September Update

401k 1: $11,556 / $19,500
Match: $2,346/ $4,160
401k 2: $15,182 / $19,500
HSA: $6,206 / $7,100
2021 Roths: $0 / $12,000
Cash (Efund/House DP): $27,980 / $25,000 DONE
HELOC Principal: $44,985 / $50,000
============================
Total: $108,255 / $125,260 (86.4%)

We are tracking ahead of our goal but things may slow down as we head to the end of the year. Will keep truckin'.

jiimmy · « **Reply #121 on:** October 08, 2021, 09:42:33 PM »

Don’t have the gumption at the moment to post a screenshot, but as of today I’ve saved $33,009.01 (73% of the 45k goal). We’re 77% through the year so I’m a bit behind.

SotI · « **Reply #122 on:** October 09, 2021, 12:30:23 PM »

Just noticed that I hadn't updated since July, so here's the situation after two spendy months (blame some winter preps):

Planned Actuals % to date
Total 67,237 61,174 91.0%

Tax exempt 5,237 4,826 92.1%
EF/Accruals 19,200 18,550 96.1%
Brokerage 42,800 37,800 88.3%

Now, this looks I reach my savings target if nothing unexpected comes up.

alcon835 · « **Reply #123 on:** October 16, 2021, 09:46:34 AM »

I don't generally prefer mid-month updates, but I wanted to say I HIT MY MAIN GOAL!!!

I've still got a few months left to try and hit my stretch goal of 100k, but it was so exciting to update my spreadsheet after my last 401k contribution and see it peak over my original, $71.7k goal! It's truly insane to have saved so much in 10 months.

McStache · « **Reply #124 on:** October 16, 2021, 05:47:33 PM »

Congrats @alcon835 !!

ToughMother · « **Reply #125 on:** October 17, 2021, 10:41:13 AM »

alcon835 · « **Reply #126 on:** October 28, 2021, 07:09:39 AM »

The percentage goal for me to be on track for October is 83.33%.

Bucket	Goal	Current
401K	$19,500	$16,589.51
Match	$3,500	$4,275.58
Roth 1	$6,000	$5,000.00
Roth 2	$6,000	$5,000.00
Brokerage	$12,000	$19,964.46
Dividends	$200	$277.52
Mortgage	$18,500	$15,678.21
Savings	$6,000	$7,171.12
Goal	$71,700	$73,956.40	103.15%	(+19.82% to goal)
Stretch	$100,000	$73,956.40	73.96%	(-9.37% to goal)

Update:
I officially hit my goal for 2021! Feels good!!!!

And yet...

I am a long way from hitting my stretch goal. I had a bit of savings I was planning on throwing at it in Nov/Dec and then the house turned out to need lots and lots and lots and lots of repairs. Additionally, my company didn't do nearly as well in Q3 as I hoped. There's still a chance (the quarter ends Friday), but even if we close everything we're hopping to, I probably won't see that money until January. So, I'll likely fall short of $100k.

Still, this has been the best year of my life financially. My income has grown significantly, my savings rate is huge, and my investments have all grown a lot. And even though I'm spending a lot of money now, I have the cash for it and my original savings goals are unimpacted - which is pretty dang cool.

Maybe Nov/Dec will come with a few surprises. Maybe not. Either way, it's both awesome to hit my original goal and disappointing to realize I'm going to miss my stretch.

trc4897 · « **Reply #127 on:** October 28, 2021, 11:17:17 AM »

Update for end of October. Looks like I should be able to hit my goal, even though at the beginning of the year I thought it was a stretch! I'd crush the goal if we didn't have to pay for a new roof next month...

Bucket	Goal	Current
401K #1	$19,500	$19,500
Match #1	$3,556	$3,556
401K #2	$19,500	$19,500
Match #2	$4,837	$4,837
Roth 1	$6,000	$6,000
Roth 2	$6,000	$3,000
Brokerage	$5,000	$2,600
Mega Backdoor Roth	$31,474	$24,578
Mortgage	$12,000	$11,050
Total	$107,867	$94,621
*Percentage*	100%	87.7%

McStache · « **Reply #128 on:** October 28, 2021, 05:47:30 PM »

October Update:
Bucket Current / Goal
401k $ 18,742 / $ 19,500
401k Match $ 5,462 / $ 6,750
Roth IRA $ 5,000 / $ 6,000
SEP IRA $ 3,625 / $ 5,075
HSA $ 3,083 / $ 3,600
Taxable $ 37,854 / $ 49,075
------------------------------------
Total $ 73,767 / $ 90,000
Savings Rate 88.3%

January $ 5,744 6.4%
February $ 10,919 12.1%
March $ 16,599 18.4%
April $ 24,530 27.3%
May $ 29,447 32.7%
June $ 38,134 42.4%
July $ 47,000 52.2%
August $ 55,601 61.8%
September $ 64,688 71.9%
October $ 73,767 82.0%

Another low spend month puts me safely on track to hit my goal (not with a ton of wiggle room, but shouldn't be a nail biter either).

centwise · « **Reply #129 on:** October 28, 2021, 06:49:56 PM »

A quick and unimpressive update for October:

Goal: $30,000 [STRETCH goal: $40k]

Month Savings Goal Progress
Jan $3041 $2500/mo 10.1%
Feb $2700 $2500 9.0%
Mar $4200 $2500 14.0%
Apr $700 $2500 2.3%
May $1200 $2500 4.0%
June $9874 $2500 32.9%
July $2961 $2500 9.9%
Aug $700 $2500 2.3%
Sep $700 $2500 2.3%
Oct $700 $2500 2.3%

Totals $26,776 $25,000 89.3%

SaucyAussie · « **Reply #130 on:** October 29, 2021, 05:40:43 AM »

3 paycheck month kept the momentum going. Coming down to the wire.

401k 17,712.0 19,500.0 90.8
Catchup 6,500.0 6,500.0 100.0
Match 10,416.0 11,000.0 94.7
Taxable 28,000.0 30,000.0 93.3
Roth 7,000.0 7,000.0 100.0
Mtg Principal - 4,000.0 -
H.S.A. 1,500.0 2,000.0 75.0
Cash - - -
Total 71,128.0 80,000.0 88.8

---------------------------------------------

JAN 8,011.0 8,011.0 10.0
FEB 15,622.0 7,611.0 19.5
MAR 23,456.0 7,834.0 29.3
APR 35,541.0 12,085.0 44.4
MAY 40,299.0 4,758.0 50.4
JUN 45,555.0 5,256.0 56.9
JUL 47,012.0 1,457.0 58.8
AUG 51,470.0 4,458.0 64.3
SEP 64,660.0 13,190.0 80.8
OCT 71,128.0 6,468.0 88.8

pasadenafr · « **Reply #131 on:** October 29, 2021, 03:04:02 PM »

Quote from: pasadenafr on September 30, 2021, 03:47:40 PM

Great month for savings, bad month for investments! I will reach my goal next week 😁 (except HSA).

Bucket Goal Current
--------------------------------------
401k $19,500.00 $19,500.00
Roth 1 $28,750.00 $28,750.00
Brokerage $45,000.00 $38,670.18
401k Match $9,750.00 $9,750.00
Roth 2 $6,000.00 $6,000.00
HSA $4,000.00 $2,949.94
Savings $0.00 $0.00
--------------------------------------
Total $113,000.00 $105,620.12

Progress 93.47%

[not started] - [on track] - [behind] - [completed] - [exceeded]

Another good month on the savings front - November and December won't be as good. Reached my stretch-stretch goal for the year!!!

Also a bad month on the spending side (ugh) BUT I didn't lower my savings, just did some serious juggling in my budget.

I changed the way I count my Roth 2 in this table. Since I normally lump sum it in January, I actually save for it the previous year. So I reset that to show savings for 2022 backdoor instead of the 2021 lump sum I made back in January. Did the same thing for my HSA.

Bucket Goal Current
--------------------------------------
401k $19,500.00 $19,500.00
Roth 1 $28,750.00 $28,750.00
Brokerage $45,000.00 $55,254.42 - $45k was the stretch goal (up from $35k). $55k was the stretch-stretch goal :) New unofficial goal is $60k
401k Match $9,750.00 $9,750.00
Roth 2 $6,000.00 $4,000.00
HSA $3,600.00 $3,166.60
Savings $0.00 $0.00
--------------------------------------
Total $122,600.00 $120,421.02

Progress 98.22%

[not started] - [on track] - [behind] - [completed] - [exceeded]

TyGuy · « **Reply #132 on:** November 01, 2021, 10:18:29 AM »

| 401k |R-IRA (2020)|R-IRA (2021)| Brokerage | Savings | TOTAL |
GOAL | $ 19,500 | $ 6,000 | $ 6,000 | $13,500 | $5,000 | $ 50,000 | PROGRESS |

JAN | $ 1,685 | $ 0 | $ 0 | $ 0 | $ 500 | $ 2,185 | % 4.37 |

FEB | $ 1,461 | $ 500 | $ 0 | $ 0 | $ 0 | $ 1,961 | % 3.92 |

MAR | $ 1,860 | $ 5,500 | $ 0 | $ 0 | $ 0 | $ 7,360 | % 14.72 |

APR | $ 1,675 | $ 0 | $ 0 | $ 31 | $ 500 | $ 2,206 | % 4.41 |

MAY | $ 1,945 | $ 0 | $ 500 | $ 0 | $ 0 | $ 2,445 | % 4.89 |

JUN | $ 3,312 | $ 0 | $ 500 | $ 100 | $ 100 | $ 4012 | % 8.02 |

JLY | $ 2,590 | $ 0 | $ 1,500 | $ 0 | $ 400 | $ 4,490 | % 8.98 |

AUG | $ 1,902 | $ 0 | $ 1,500 | $ 0 | $ 100 | $ 3,502 | % 7.00 |

SEP | $ 2,481 | $ 0 | $ 2,000 | $ 600 | $ 0 | $ 0 | % 10.16 |

OCT | $ 589 | $ 0 | $ 0 | $ 100 | $ 1,500 | $ 2,189 | % 4.38 |

NOV | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | % 0.0 |

YTD | $ 19,500 | $ 6000 | $ 6,000 | $ 831 | $ 3,100 | $35,431 | % 70.86 |

Had some big planned expense come up this month, but I maxed out my 401k for the first time ever, feels great to have protected that chunk of my income from taxes this year! I do not see myself reaching my goal this year, I knew it was a long shot coming into it. This has given me inspiration for next year, and think reaching the 50K mark then will be likely! I plan to add most of my income directly into my savings account for the reminder of the year to be used to pay off a large chunk of my remaining student loans when they begin collecting interest once again next year. I will likely add several hundred to my taxable as well to keep that account growing! Congratulations to everyone who is reaching their goals!

jiimmy · « **Reply #133 on:** November 01, 2021, 05:50:43 PM »

Still a bit behind. I think I'll most likely end at around 42k or 43k, but you never know! Good year regardless.

philli14 · « **Reply #134 on:** November 02, 2021, 08:14:17 AM »

| 401k | tIRA | HSA | Brokerage | Savings | TOTAL |
GOAL | $ 19,500 | $ 6,000 | $ 3,600 | $ 5,900 | $ 15,000 | $ 50,000 | PROGRESS |

JAN | $ 1,500 | $ 6,000 | $ 3,600 | $ 3,000 | $ -9,600 | $ 4,500 | % 9.0 |
FEB | $ 1,500 | $ 0 | $ 0 | $ 1,700 | $ 0 | $ 3,200 | % 6.4 |
MAR | $ 1,500 | $ 0 | $ 0 | $ 0 | $ 4,600 | $ 6,100 | % 12.2 |
APR | $ 2,322 | $ 0 | $ 0 | $ 0 | $ 4,300 | $ 6,622 | % 13.2 |
MAY | $ 1,557 | $ 0 | $ 0 | $ 0 | $ 1,250 | $ 2,807 | % 5.6 |
JUN | $ 1,500 | $ 0 | $ 0 | $ 0 | $ 2,200 | $ 3,700 | % 7.4 |
JUL | $ 1,554 | $ 0 | $ 0 | $ 0 | $ 3,100 | $ 4,654 | % 9.3 |
AUG | $ 1,517 | $ 0 | $ 0 | $ 0 | $ 2,900 | $ 4,417 | % 8.8 |
SEP | $ 1,677 | $ 0 | $ 0 | $ 0 | $ 2,900 | $ 4,577 | % 9.1 |
OCT | $ 2,347 | $ 0 | $ 0 | $ 0 | $ 3,000 | $ 5,347 | % 10.7 |

YTD | $ 16,974 | $ ~~6,000~~ | $ ~~3,600~~ | $ 4,700 | $ 14,650 | $ 45,924 | % 91.8 |

Looking just about a sure thing now, super excited.

zeli2033 · « **Reply #135 on:** November 02, 2021, 04:32:11 PM »

October Update

401k 1: $15,478 / $19,500
Match: $2,346/ $4,160
401k 2: $16,800 / $19,500
HSA: $6,728 / $7,100
2021 Roths: $0 / $12,000
Cash (Efund/House DP): $27,980 / $25,000 DONE
HELOC Principal: $48,573 / $50,000
============================
Total: $117,905 / $125,260 (94.1%)

Getting pretty far along and still trucking to hit/exceed our goal by just a bit.

SotI · « **Reply #136 on:** November 07, 2021, 01:47:42 AM »

Update October, on track.

Planned Actuals % to date
Total 67,237 65,108 96.8%

Tax exempt 5,237 5,108 97.6%
EF/Accruals 19,200 19,200 100%
Brokerage 42,800 40,800 95.3%

alcon835 · « **Reply #137 on:** November 24, 2021, 06:27:53 AM »

The percentage goal for me to be on track for October is 91.67%.

Bucket	Goal	Current
401K	$19,500	$18,044.44
Match	$3,500	$4,606.24
Roth 1	$6,000	$5,500.00
Roth 2	$6,000	$5,500.00
Brokerage	$12,000	$22,224.88
Dividends	$200	$298.93
Mortgage	$18,500	$17,269.45
Savings	$6,000	$7,271.12
Goal	$71,700	$80,715.06	112.57%	(+10.90% to goal)
Stretch	$100,000	$80,715.06	80.72%	(-10.95 to goal)

Update:
Chugging along per normal in November. At this point, it is guaranteed I won't hit my stretch goal for 2021. I'll probably add another $5k in December, which will leave me about $15k short of my goal. Looking back on the year, the failure came from two places:

A lot of big home repairs showed up and forced me to scale back Oct/Nov/Dec savings.
I am paid from commission and we've only hit about 50% of our goal for the year as a company.

For point 1, I probably could have hit my goal this year with money earned, but the wife and I made a decision to invest heavily into our home in Q4. It is definitely worth the cost, but the costs are high and I'm having to both divert the money I would have saved and dip into my Emergency Fund to cover some of it. I had planned to use a bit of a nest egg we'd built over the year to cover the gap in savings, but with these recent expenses, that fund has dwindled to zero.

I think the bigger impact was point 2, my commissions. I make a significant income. Even so, I should have doubled my commission this year. The problems was a failure of our Product team to fix some issues and allow us to innovate, of the Marketing team to support the sales team in any meaningful way, and of Sales failing to figure out how to get in front of prospects during COVID. I've been talking to our CEO about this stuff and I'm seeing actual improvement. He seems to have come out of his funk and realized he's let things fester. He's making big, important changes and I'm bullish again for next year.

Still, this was suppose to be our year. I'm disappointed that I won't hit $100k.

centwise · « **Reply #138 on:** November 26, 2021, 08:05:57 PM »

November was great! I received some reimbursements for past expenses, some $ my ex owed me, and a small inheritance.
Woo hoo! I have achieved my basic goal of $30k savings! I won't make the stretch goal, but I'm happy. Thanks for the inspiration, all. :)

Goal: $30,000 [STRETCH goal: $40k]

Month Savings Goal/mo Progress/mo
Jan $3041 $2500/mo 10.1%
Feb $2700 $2500 9.0%
Mar $4200 $2500 14.0%
Apr $700 $2500 2.3%
May $1200 $2500 4.0%
June $9874 $2500 32.9%
July $2961 $2500 9.9%
Aug $700 $2500 2.3%
Sep $700 $2500 2.3%
Oct $700 $2500 2.3%
Nov $14,227 $2500 47.4%

Totals $31,003 $27,500 103%

TyGuy · « **Reply #139 on:** November 28, 2021, 09:46:26 AM »

Quote from: centwise on November 26, 2021, 08:05:57 PM

November was great! I received some reimbursements for past expenses, some $ my ex owed me, and a small inheritance.
Woo hoo! I have achieved my basic goal of $30k savings! I won't make the stretch goal, but I'm happy. Thanks for the inspiration, all. :)

Goal: $30,000 [STRETCH goal: $40k]

Month Savings Goal/mo Progress/mo
Jan $3041 $2500/mo 10.1%
Feb $2700 $2500 9.0%
Mar $4200 $2500 14.0%
Apr $700 $2500 2.3%
May $1200 $2500 4.0%
June $9874 $2500 32.9%
July $2961 $2500 9.9%
Aug $700 $2500 2.3%
Sep $700 $2500 2.3%
Oct $700 $2500 2.3%
Nov $14,227 $2500 47.4%

Totals $31,003 $27,500 103%

I just added your total for the year together and got $41,003. Unless I'm missing something, it looks like you made your stretch goal!!!

SaucyAussie · « **Reply #140 on:** November 29, 2021, 05:36:39 AM »

Maxed out SS this month so a little extra going to the the taxable.

401k 18,620.0 19,500.0 95.5
Catchup 6,500.0 6,500.0 100.0
Match 11,244.0 11,000.0 102.2
Taxable 31,000.0 30,000.0 103.3
Roth 7,000.0 7,000.0 100.0
Mtg Principal - 4,000.0 -
H.S.A. 1,500.0 2,000.0 75.0
Cash - - -
Total 75,864.0 80,000.0 94.8

---------------------------------------------

JAN 8,011.0 8,011.0 10.0
FEB 15,622.0 7,611.0 19.5
MAR 23,456.0 7,834.0 29.3
APR 35,541.0 12,085.0 44.4
MAY 40,299.0 4,758.0 50.4
JUN 45,555.0 5,256.0 56.9
JUL 47,012.0 1,457.0 58.8
AUG 51,470.0 4,458.0 64.3
SEP 64,660.0 13,190.0 80.8
OCT 71,128.0 6,468.0 88.8
NOV 75,864.0 4,736.0 94.8

centwise · « **Reply #141 on:** November 29, 2021, 06:38:48 PM »

Quote from: TyGuy on November 28, 2021, 09:46:26 AM

Quote from: centwise on November 26, 2021, 08:05:57 PM

November was great! I received some reimbursements for past expenses, some $ my ex owed me, and a small inheritance.
Woo hoo! I have achieved my basic goal of $30k savings! I won't make the stretch goal, but I'm happy. Thanks for the inspiration, all. :)

Goal: $30,000 [STRETCH goal: $40k]

Month Savings Goal/mo Progress/mo
Jan $3041 $2500/mo 10.1%
Feb $2700 $2500 9.0%
Mar $4200 $2500 14.0%
Apr $700 $2500 2.3%
May $1200 $2500 4.0%
June $9874 $2500 32.9%
July $2961 $2500 9.9%
Aug $700 $2500 2.3%
Sep $700 $2500 2.3%
Oct $700 $2500 2.3%
Nov $14,227 $2500 47.4%

Totals $31,003 $27,500 103%

I just added your total for the year together and got $41,003. Unless I'm missing something, it looks like you made your stretch goal!!!

OMG is that possible? I will have to review my records and double check but HOLY crap! LOL. Obviously I'm not as good with my financial records as most people on this forum, but this time I am NOT complaining. Will double check records when I have time and maybe post a correction.

philli14 · « **Reply #142 on:** November 30, 2021, 09:28:32 AM »

| 401k | tIRA | HSA | Brokerage | Savings | TOTAL |
GOAL | $ 19,500 | $ 6,000 | $ 3,600 | $ 5,900 | $ 15,000 | $ 50,000 | PROGRESS |

JAN | $ 1,500 | $ 6,000 | $ 3,600 | $ 3,000 | $ -9,600 | $ 4,500 | % 9.0 |
FEB | $ 1,500 | $ 0 | $ 0 | $ 1,700 | $ 0 | $ 3,200 | % 6.4 |
MAR | $ 1,500 | $ 0 | $ 0 | $ 0 | $ 4,600 | $ 6,100 | % 12.2 |
APR | $ 2,322 | $ 0 | $ 0 | $ 0 | $ 4,300 | $ 6,622 | % 13.2 |
MAY | $ 1,557 | $ 0 | $ 0 | $ 0 | $ 1,250 | $ 2,807 | % 5.6 |
JUN | $ 1,500 | $ 0 | $ 0 | $ 0 | $ 2,200 | $ 3,700 | % 7.4 |
JUL | $ 1,554 | $ 0 | $ 0 | $ 0 | $ 3,100 | $ 4,654 | % 9.3 |
AUG | $ 1,517 | $ 0 | $ 0 | $ 0 | $ 2,900 | $ 4,417 | % 8.8 |
SEP | $ 1,677 | $ 0 | $ 0 | $ 0 | $ 2,900 | $ 4,577 | % 9.1 |
OCT | $ 2,347 | $ 0 | $ 0 | $ 0 | $ 3,000 | $ 5,347 | % 10.7 |
NOV | $ 1,891 | $ 0 | $ 0 | $ 1,200 | $ 1,500 | $ 4,591 | % 9.2 |

YTD | $ 18,865 | $ ~~6,000~~ | $ ~~3,600~~ | $ ~~5,900~~ | $ ~~16,150~~ | $ ~~50,515~~ | % 101.0 |

Well, we did it! Very happy.

trc4897 · « **Reply #143 on:** December 01, 2021, 01:33:27 PM »

November update. I'm upping my stretch goal to $110,000. Should be able to hit that barring anything major happening!

Bucket	Goal	Current
401K #1	$19,500	$19,500
Match #1	$3,556	$3,556
401K #2	$19,500	$19,500
Match #2	$4,837	$4,837
Roth 1	$6,000	$6,000
Roth 2	$6,000	$6,000
Brokerage	$5,000	$4,360
Mega Backdoor Roth	$31,474	$30,561
Mortgage	$12,000	$11,787
Total	$107,867	$106,101
*Percentage*	100%	98.4%

McStache · « **Reply #144 on:** December 01, 2021, 08:12:13 PM »

November Update:
Bucket Current / Goal
401k $ 19,232 / $ 19,500
401k Match $ 6,115 / $ 6,750
Roth IRA $ 6,000 / $ 6,000 <-- done
SEP IRA $ 4,350 / $ 5,075
HSA $ 3,342 / $ 3,600
Taxable $ 43,422 / $ 49,075
------------------------------------
Total $ 82,461 / $ 90,000
Savings Rate 88.7%

January $ 5,744 6.4%
February $ 10,919 12.1%
March $ 16,599 18.4%
April $ 24,530 27.3%
May $ 29,447 32.7%
June $ 38,134 42.4%
July $ 47,000 52.2%
August $ 55,601 61.8%
September $ 64,688 71.9%
October $ 73,767 82.0%
November $ 82,461 91.6%

Roth IRA is done, everything else is on the glidepath to complete next month. It's crazy to think I've already saved more than my net income for last year.

TyGuy · « **Reply #145 on:** December 02, 2021, 11:52:30 AM »

| 401k |R-IRA (2020)|R-IRA (2021)| Brokerage | Savings | TOTAL |
GOAL | $ 19,500 | $ 6,000 | $ 6,000 | $13,500 | $5,000 | $ 50,000 | PROGRESS |

JAN | $ 1,685 | $ 0 | $ 0 | $ 0 | $ 500 | $ 2,185 | % 4.37 |

FEB | $ 1,461 | $ 500 | $ 0 | $ 0 | $ 0 | $ 1,961 | % 3.92 |

MAR | $ 1,860 | $ 5,500 | $ 0 | $ 0 | $ 0 | $ 7,360 | % 14.72 |

APR | $ 1,675 | $ 0 | $ 0 | $ 31 | $ 500 | $ 2,206 | % 4.41 |

MAY | $ 1,945 | $ 0 | $ 500 | $ 0 | $ 0 | $ 2,445 | % 4.89 |

JUN | $ 3,312 | $ 0 | $ 500 | $ 100 | $ 100 | $ 4012 | % 8.02 |

JLY | $ 2,590 | $ 0 | $ 1,500 | $ 0 | $ 400 | $ 4,490 | % 8.98 |

AUG | $ 1,902 | $ 0 | $ 1,500 | $ 0 | $ 100 | $ 3,502 | % 7.00 |

SEP | $ 2,481 | $ 0 | $ 2,000 | $ 600 | $ 0 | $ 0 | % 10.16 |

OCT | $ 589 | $ 0 | $ 0 | $ 100 | $ 1,500 | $ 2,189 | % 4.38 |

NOV | $ 0 | $ 0 | $ 0 | $ 250 | $ 1,005 | $ 1,255 | % 2.51 |

DEC | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | % 0.0 |

YTD | $ 19,500 | $ 6000 | $ 6,000 | $ 1,081 | $ 4,105 | $36,686 | % 70.86 |

Had some unplanned expenses come up this month, so I'm happy with the forward progress! I knew 50k was going to be a long stretch for my first year, but I am hopeful I will reach it next year! Additionally, I forgot about a second retirment fund I've been having deducted from my paycheck, and will add it here next month, but will likely remain short of 50k goal but the addition of the fund should bring me close to 45k on the year!

zeli2033 · « **Reply #146 on:** December 05, 2021, 11:04:23 AM »

November Update

401k 1: $18,341 / $19,500
Match: $2,346/ $4,160
401k 2: $18,419 / $19,500
HSA: $7,100 / $7,100
2021 Roths: $0 / $12,000
Cash (Efund/House DP): $27,980 / $25,000 DONE
HELOC Principal: $48,573 / $50,000
============================
Total: $122,759 / $125,260 (98.0%)

Hoping not to be too thrown off by travel and holidays but should just make our goal.

alcon835 · « **Reply #147 on:** December 06, 2021, 06:53:31 AM »

I love this thread! It’s so exciting to see folks hitting their goals, saving money, and just working towards their future!

pasadenafr · « **Reply #148 on:** December 06, 2021, 02:16:38 PM »

Quote from: pasadenafr on October 29, 2021, 03:04:02 PM

Another good month on the savings front - November and December won't be as good. Reached my stretch-stretch goal for the year!!!

Also a bad month on the spending side (ugh) BUT I didn't lower my savings, just did some serious juggling in my budget.

I changed the way I count my Roth 2 in this table. Since I normally lump sum it in January, I actually save for it the previous year. So I reset that to show savings for 2022 backdoor instead of the 2021 lump sum I made back in January. Did the same thing for my HSA.

Bucket Goal Current
--------------------------------------
401k $19,500.00 $19,500.00
Roth 1 $28,750.00 $28,750.00
Brokerage $45,000.00 $55,254.42 - $45k was the stretch goal (up from $35k). $55k was the stretch-stretch goal :) New unofficial goal is $60k
401k Match $9,750.00 $9,750.00
Roth 2 $6,000.00 $4,000.00
HSA $3,600.00 $3,166.60
Savings $0.00 $0.00
--------------------------------------
Total $122,600.00 $120,421.02

Progress 98.22%

Bucket Goal Current
--------------------------------------
401k $19,500.00 $19,500.00
Roth 1 $28,750.00 $28,750.00
Brokerage $45,000.00 $57,514.57 - $45k was the stretch goal (up from $35k). $55k was the stretch-stretch goal :) New unofficial goal is $60k
401k Match $9,750.00 $9,750.00
Roth 2 $6,000.00 $6,000.00
HSA $3,600.00 $3,383.26
Savings $0.00 $0.00
--------------------------------------
Total $ $124,897.83 $120,421.02

Progress 110.92%

[not started] - [on track] - [behind] - [completed] - [exceeded]

Moving along... Finished saving for next year's Backdoor Roth (if it still exists) and saved another $2.2k in brokerage. I won't reach my mega-stretch goal of $60k in brokerage due to, hmmm... vacation, but that's ok since my original goal in January was $35k and I blew that out of the water :)

rebel_quietude · « **Reply #149 on:** December 11, 2021, 08:11:07 PM »

Whelp . . . it looks like I'm going to flunk out of this one for the first year since 2017.

Despite a mid-year promotion (after which, if obtained, my stated goal was 60k), I'm currently projecting $44,452 on 31 December. I'm owed a significant amount in pending reimbursements, but I don't think it's going to be enough to put me over the line.

The problem: $15k medical expenditures and - yes, you're reading this right - over $7,690 in veterinary and animal-associated spending.

It's spending in line with my values, but dang, adult-ing hit the pocketbook hard this year.

Oh, well. Here's to better luck next year!

News:

Author Topic: Save 50k single 100k couple in 2021 (Read 12363 times)