Author Topic: Race to 50K  (Read 21471 times)

QuillScroll

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Re: Race to 50K
« Reply #150 on: May 24, 2018, 02:00:58 PM »


Update time -

30-Apr-18     $37941
24-May-18   $40069

40K milestone reached. YAY !!!

Rosy

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Re: Race to 50K
« Reply #151 on: May 24, 2018, 06:31:02 PM »


Update time -

30-Apr-18     $37941
24-May-18   $40069

40K milestone reached. YAY !!!

You are killing it @QuillScroll - Milestone celebration time:).

haypug16

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Re: Race to 50K
« Reply #152 on: May 25, 2018, 08:01:58 AM »
Nice Job @QuillScroll ! You'll be at 50K in no time.

Serendip

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Re: Race to 50K
« Reply #153 on: May 26, 2018, 03:50:56 PM »
Great work @QuillScroll, always nice to hit a milestone!
I also feel good after a big push to keep spending low, even though we went on a vacation (but camped, hiked, booked 2 nights at a cabin and had pre-paid ferry cards so costs were reasonably low)

Dec 18/17    $ 18,146
Jan 03/18     $ 20,624
Feb 06/18     $ 25,073
Mar 30/18     $ 29,008
Apr 16/18     $ 30,000
May 14/18    $ 33,005
May 26/18    $ 35,013

haypug16

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Re: Race to 50K
« Reply #154 on: May 31, 2018, 08:35:15 AM »
May Update
10/9/2017  - $26,382.82
10/31/2017 - $27,019.09
11/30/2017 - $28,401.58
12/31/2017 - $29,448.59
1/31/2018 - $31,351.25
2/28/2018 - $30,681.69
3/31/2018 - $30,392.51
4/30/2018 - $31,328.20
5/31/2018 - $32,200.97 +872.77 increase

Had another nice month. Will be increasing my 401K contribution for June up to 10% (from 8%) these 2% increases have been good as I don't really notice much of a change per paycheck. At least not yet. :)

I have $17,799.03 left to save in my Retirement accounts to hit my goal by the end of the year. That's about $2,500 a month! We'll see. I am throwing most "extra" money at Student Loans since I have a big one with a rate of 5.25%. If it was under 5% I might consider shifting any "extra" cash to retirement but 5.25% is still a little too high for me.

MommyCake

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Re: Race to 50K
« Reply #155 on: May 31, 2018, 09:29:41 AM »
Congrats Quillscroll for hitting 40K!!!!!!!!!!!!!!

Here's my update, I increased my account by 2k this month!  Cheers Rosy to a full year of working on this goal!  Thanks for getting this started or I'd probably still be mostly ignoring my retirement account.  I have my contributions set to a percentage that I will about max for the year. 

6/9/17     29,000
7/7/17     29,500
7/19/17   30,000
8/2/17     30,500
9/5/17     31,000
9/29/17   32,000
10/30/17 33,100
12/1/17   34,300
1/2/18     35,700
2/1/18     38,500
3/6/18     39,600
3/30/18   39,700
5/2/18     40,800
5/31/18   42,800

Getting closer!

Rosy

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Re: Race to 50K
« Reply #156 on: May 31, 2018, 12:19:26 PM »
You are all absolutely rocking it!!!:)


MommyCake - thank you for the kind words - we can all use a bit of motivation from time to time and it is fun to see yourself moving forward even if it is as slow as molasses in the wintertime - in my case anyway:)
All things considered, I am just happy to be here - I am inspired when I see that others stick to their goals too - persistence pays off in the end!:)

« Last Edit: June 01, 2018, 10:45:25 AM by Rosy »

Rosy

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Re: Race to 50K
« Reply #157 on: June 01, 2018, 10:43:57 AM »
PROGRESS REPORT BY MONTH

  *** 2017 ***

$  4,588.92  June
$  8,221.92  July
$ 10,000.00  Aug
$ 10,042.00  Sep
$ 10,064.00  Oct
$ 10,092.00  Nov
$ 10,117.00  Dec

  *** 2018 ***

$ 10,715.84 Jan
$ 13,873.10 Feb
$ 16,026.77 Mar
$ 20,054.06 Apr
$ 20,093.95 May

$ 29,906.05 to go to reach $50K - projected timeline Dec 2019

2018
Taking time out from goal#1 to finish goal #2 for this year - $10K save for travel fund.
Total $8,740 Jan-May

$1,260 to go by July 2018.
« Last Edit: June 01, 2018, 10:48:56 AM by Rosy »

haypug16

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Re: Race to 50K
« Reply #158 on: June 15, 2018, 09:20:11 AM »
Had a nice little jump in my account the first half of the month, $811.45 to be exactly. That's nearly the same amount it increased in all of May so I have hope yet that I can reach my $50K goal by the end of the year. Just keep plugging away and increasing my contributions. :)

QuillScroll

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Re: Race to 50K
« Reply #159 on: June 18, 2018, 08:54:38 AM »
Here's my update -

30-Apr-18     $37941
24-May-18    $40069
18-Jun-18       $41679

Lots of planned expenses this month as well as lots of eating out, so progress will be less.

Serendip

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Re: Race to 50K
« Reply #160 on: June 22, 2018, 07:16:53 PM »
Good work everyone!

I have had a bit of a slower spring but c'est la vie--- I haven't spent a lot just haven't been working so much.
Would like to be at $40,000 savings by the end of summer if possible

Dec 18/17    $ 18,146
Jan 03/18     $ 20,624
Feb 06/18     $ 25,073
Mar 30/18     $ 29,008
Apr 16/18      $ 30,000
May 14/18     $ 33,005
May 26/18     $ 35,013
June 22/18    $ 36,535
« Last Edit: June 22, 2018, 08:56:01 PM by Serendip »

Rosy

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Re: Race to 50K
« Reply #161 on: June 24, 2018, 09:30:21 AM »
We are all hanging in there - yay!

PROGRESS REPORT BY MONTH

  *** 2017 ***

$  4,588.92  June
$  8,221.92  July
$ 10,000.00  Aug
$ 10,042.00  Sep
$ 10,064.00  Oct
$ 10,092.00  Nov
$ 10,117.00  Dec

  *** 2018 ***

$ 10,715.84 Jan
$ 13,873.10 Feb
$ 16,026.77 Mar
$ 20,054.06 Apr
$ 20,093.95 May

$ 29,906.05 to go to reach $50K - projected timeline Dec 2019

UPDATE
2018
Taking time out from goal#1 to finish goal #2 for this year - $10K save for travel fund.
Total $8,740 Jan-May

$1,260 to go by July 2018. - GOAL #2 reached - I made it to $10K

Re-engaging GOAL #1 - $50K

Although, goal #1 will remain on ice - except for interest, until I return in Sep. Active savings will re-commence in October.
Min $5K projected but I'd prefer to see $7K or $8K total added by EOY instead.

Rosy

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Re: Race to 50K
« Reply #162 on: July 02, 2018, 07:00:42 AM »
UPDATE:
Final numbers for June 2018: $20,132.64

A bit of good news: I may have gone a bit overboard in my projections for my upcoming trip expenses, so there is a fair possibility that I'll be able to contribute around $1500+ to my stash when I return in Sep. Too early to tell. 

How are you progressing with your stash goals? Any hiccups or triumphs to report?
« Last Edit: July 02, 2018, 07:06:59 AM by Rosy »

MommyCake

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Re: Race to 50K
« Reply #163 on: July 05, 2018, 09:55:08 AM »
6/9/17     29,000
7/7/17     29,500
7/19/17   30,000
8/2/17     30,500
9/5/17     31,000
9/29/17   32,000
10/30/17 33,100
12/1/17   34,300
1/2/18     35,700
2/1/18     38,500
3/6/18     39,600
3/30/18   39,700
5/2/18     40,800
5/31/18   42,800
7/5/18    45,665

It's getting so close!  Glad to see everyone is staying on track :)

haypug16

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Re: Race to 50K
« Reply #164 on: July 09, 2018, 10:59:53 AM »
June Update
10/9/2017  - $26,382.82
10/31/2017 - $27,019.09
11/30/2017 - $28,401.58
12/31/2017 - $29,448.59
1/31/2018 - $31,351.25
2/28/2018 - $30,681.69
3/31/2018 - $30,392.51
4/30/2018 - $31,328.20
5/31/2018 - $32,200.97
6/30/2018 - $33,004.02 +$803.05 increase

I ended up with a similar increase from last month. I set my 401k contribution to 12% (up from 10%) to take place this month. I will also get a small raise this month which will cause my contribution to be higher and my employers match to be higher :) I still have roughly $17K to save by the end of the year with only 6 months left to do it in. In August I'll have some money free'd up so I can throw more at this but not sure If I'll hit $50K but I'm gonna keep pluggin' away the best I can.

nice job MommyCake!

QuillScroll

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Re: Race to 50K
« Reply #165 on: July 19, 2018, 09:22:48 AM »
July Update

I have been not tracking expenses as tightly this month due to a very tight work schedule resulting in high stress, less time and a lot of eating out. Nevertheless, am on track with the savings/investment part as it's automated. 

Big gain this month due to unexpected bonus which went straight to my retirement fund.
 
30-Apr-18     $37941
24-May-18    $40069
18-Jun-18     $41679
19-Jul-18      $46413

MommyCake

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Re: Race to 50K
« Reply #166 on: July 20, 2018, 10:28:05 AM »
QuillScroll you are doing great! Love that you put your bonus into your retirement instead of spending it!

QuillScroll

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Re: Race to 50K
« Reply #167 on: July 23, 2018, 05:58:28 AM »
Thanks Mommycake. I have more bonus which will be disbursed in little amounts through out the rest of the year, I'm hoping to atleast save 80% of it.

westtoeast

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Re: Race to 50K
« Reply #168 on: July 27, 2018, 04:46:49 AM »
I haven't updated in a while-- I just crossed the 34,000 mark, which was my goal by the end of summer! I finally have enough invested that I am seeing the number grow even though I don't contribute anything to investment accounts during the summer. Yay!

Assuming I follow my savings plan perfectly next year, I should reach 50K in May. That's assuming no growth, so hopefully it happens even faster than that!

Serendip

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Re: Race to 50K
« Reply #169 on: July 27, 2018, 10:32:03 AM »
Just crossed over $39,000--was hoping to make it to 40, 000 by the end of summer but that might be delayed as I need to quickly save up for a 2 week September trip. Still..happy with the progress :)

SeaKayEl

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Race to 50K
« Reply #170 on: July 27, 2018, 03:16:15 PM »
Hey everyone....I’d like to join!

Instead of having a goal in the future of when I want to have 50k saved by, I am using this to see how long it takes me to save to 50k.

I am currently in the Race to Zero Net Worth and might start double dipping in the Race to 10k...both of these for me are focusing on net worth so they include my debt.

I will only focus on money that is put towards saving here...not paying off debt.  I will be counting both the money I contribute and the interest gained.

Currently these accounts & their balances (i.e. my starting point) are:

27 Jul 2018
Retirement Investments: 18,851.65
Currently at 12% for my 401k contribution with plans to increase so monthly contributions max by Dec 2019...not currently contributing to my IRA

Taxable Investments: 21,027.83
This is from the sale of property that I co-owned and will be used in the future for property purchase (will receive another $3000 final payout in the near future)

Emergency Fund: 1,429.29
Goal is 10,000 (for now)

Travel Fund: 420.01
Goal is 3000 (I don’t want to call myself a travel hacker, but I very non-aggressively acquire travel points...so this is to supplement that)

0/50,000

haypug16

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Re: Race to 50K
« Reply #171 on: July 30, 2018, 08:42:01 AM »
July Update
10/9/2017  - $26,382.82
10/31/2017 - $27,019.09
11/30/2017 - $28,401.58
12/31/2017 - $29,448.59
1/31/2018 - $31,351.25
2/28/2018 - $30,681.69
3/31/2018 - $30,392.51
4/30/2018 - $31,328.20
5/31/2018 - $32,200.97
6/30/2018 - $33,004.02
7/30/2018 - $34,339.73 +$1,335.71 increase

Not a bad increase this month. Just over $15,000 to save by the end of the year so I need to pretty much double this for the next 5 months! For August I'm going to increase my 401K to 15%. That will give me an extra couple hundred for now. In September I hope to be able to go up to 20%.

SeaKayEl

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Re: Race to 50K
« Reply #172 on: August 01, 2018, 06:09:41 AM »
Day 0 (0%)
27 Jul 2018
0/50,000

Day 5 (3.8%)
01 Aug 2018
1,885.86/50,000


Retirement Investments: +469.28
Taxable Investments: +981.58
Emergency Fund: +225
Travel Fund: +210

QuillScroll

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Re: Race to 50K
« Reply #173 on: August 13, 2018, 12:54:59 PM »
August Update:
Thanks to my bonuses, happy to say that I have reached the 50K mark :)

30-Apr-18    37941
24-May-18  40069
18-Jun-18    41679
16-Jul-18    46413
13-Aug-18  52974

Even though this is great, I just got news that my contract will be ending soon. Which means no bonus, and may be no salary till I find another. And what I'm really worried about is I may need to take a pay cut. This job was really paying well.
I have to start the job hunting process after a period of almost three years which is a bit scary. We'll see how it goes, I'll keep you all posted.

Manchester

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Re: Race to 50K
« Reply #174 on: August 14, 2018, 05:34:48 AM »
Good luck @QuillScroll

You never know.  You might end up earning more than you are at your current job.  Let us all know how you're getting on with it!

MommyCake

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Re: Race to 50K
« Reply #175 on: August 16, 2018, 09:51:39 AM »
Sorry about your contract QuillScroll but congrats on hitting 50k!  Hopefully they gave you plenty of notice to find something else even better.

6/9/17     29,000
7/7/17     29,500
7/19/17   30,000
8/2/17     30,500
9/5/17     31,000
9/29/17   32,000
10/30/17 33,100
12/1/17   34,300
1/2/18     35,700
2/1/18     38,500
3/6/18     39,600
3/30/18   39,700
5/2/18     40,800
5/31/18   42,800
7/5/18     45,665
8/16/18   49,000!!!!

I hope to hit 50k in the next 2-4 weeks. 

Serendip

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Re: Race to 50K
« Reply #176 on: August 16, 2018, 10:23:57 PM »

8/16/18   49,000!!!!

I hope to hit 50k in the next 2-4 weeks.

Wow, amazing @MommyCake --great work!

Penn42

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Re: Race to 50K
« Reply #177 on: August 18, 2018, 06:22:54 PM »
Since I recently set a goal for myself to reach 50k by the end of this calendar year I figured it's time to post in this thread. 

Looking at my NW and doing some figuring I realized I should be able to do this without much issue (assuming a flat or better market, that is).  So here goes:

07/29/18 - $37,782.07

August will be a low savings month because we went on a trip beginning of the month, but I'll be adding another 9k by year's end once I max my 401k and I should be able to save an extra 4k on top of that.

Next year I'm really going to try to push it to save 50k and hit 6 figures by 12/31/19!  It'll probably be a little bit of a stretch, but I'm going to give it a go.

Happily Irrelevant

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Re: Race to 50K
« Reply #178 on: August 19, 2018, 06:34:00 PM »
The 0-$50k threads are one of my favorite threads.  It's where people that most likely thought retiring early was impossible, start taking the first step.  Where having $50k seemed intimidating, but then you start taking little steps and soon your money is growing and you can feel the excitement in everyone's posts.  Once they hit $50k, and move up a thread they all seem confident that they will be getting to the $500k thread eventually.  From baby steps to confident in their future.  Keep up the good work. 

Serendip

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Re: Race to 50K
« Reply #179 on: August 22, 2018, 12:39:06 PM »
The 0-$50k threads are one of my favorite threads.  It's where people that most likely thought retiring early was impossible, start taking the first step.  Where having $50k seemed intimidating, but then you start taking little steps and soon your money is growing and you can feel the excitement in everyone's posts.  Once they hit $50k, and move up a thread they all seem confident that they will be getting to the $500k thread eventually.  From baby steps to confident in their future.  Keep up the good work.

Thanks for the encouragement @Happily Irrelevant !

It's true-- 10 months ago I had less than $17,000 saved and now I am almost at $40,000 ($250 short currently) --can't wait to cross $50,000 (by the end of the year would be amazing). I didn't believe I could do it on my own so quickly but it's taught me so much about what's possible.

haypug16

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Re: Race to 50K
« Reply #180 on: August 31, 2018, 06:50:39 AM »
August Update
10/9/2017  - $26,382.82
10/31/2017 - $27,019.09
11/30/2017 - $28,401.58
12/31/2017 - $29,448.59
1/31/2018 - $31,351.25
2/28/2018 - $30,681.69
3/31/2018 - $30,392.51
4/30/2018 - $31,328.20
5/31/2018 - $32,200.97
6/30/2018 - $33,004.02
7/30/2018 - $34,339.73
8/31/2018 - $35,843.32 +1,503.59 Increase

Happy to see my increase from this month is higher than my increase from July :) about $14k left to save for this challenge. I will most likely hit somewhere around $42K at the end of the year and then hit $50K by spring 2019.

Penn42

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Re: Race to 50K
« Reply #181 on: August 31, 2018, 04:20:54 PM »
07/29/18 - $37,782.07
08/31/18 - $40,708.61

Serendip

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Re: Race to 50K
« Reply #182 on: August 31, 2018, 05:12:34 PM »
Good work everyone---we ARE getting there!!

Dec 18/17    $ 18,146
Jan 03/18     $ 20,624
Feb 06/18     $ 25,073
Mar 30/18     $ 29,008
Apr 16/18      $ 30,000
May 14/18     $ 33,005
May 26/18     $ 35,013
June 22/18    $ 36,535
July 27/18     $ 39,000
Aug 31/18     $ 40,150

« Last Edit: August 31, 2018, 05:17:07 PM by Serendip »

DieHard_772

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Re: Race to 50K
« Reply #183 on: September 02, 2018, 09:00:23 PM »
August Update
10/9/2017  - $26,382.82
10/31/2017 - $27,019.09
11/30/2017 - $28,401.58
12/31/2017 - $29,448.59
1/31/2018 - $31,351.25
2/28/2018 - $30,681.69
3/31/2018 - $30,392.51
4/30/2018 - $31,328.20
5/31/2018 - $32,200.97
6/30/2018 - $33,004.02
7/30/2018 - $34,339.73
8/31/2018 - $35,843.32 +1,503.59 Increase

Happy to see my increase from this month is higher than my increase from July :) about $14k left to save for this challenge. I will most likely hit somewhere around $42K at the end of the year and then hit $50K by spring 2019.

Bravo bravo @haypug16

SeaKayEl

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Re: Race to 50K
« Reply #184 on: September 03, 2018, 02:56:35 PM »
Day 0 (0%)
27 Jul 2018
0/50,000

Day 5 (3.8%)
01 Aug 2018
1,885.86


Day 39 (9.1%)
03 Sep 2018
4,550.63

Update: I decided not to count my travel fund moving forward (only retirement, investments, EF)

MommyCake

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Re: Race to 50K
« Reply #185 on: September 04, 2018, 06:32:15 AM »
6/9/17     29,000
7/7/17     29,500
7/19/17   30,000
8/2/17     30,500
9/5/17     31,000
I finally hit the goal!

9/29/17   32,000
10/30/17 33,100
12/1/17   34,300
1/2/18     35,700
2/1/18     38,500
3/6/18     39,600
3/30/18   39,700
5/2/18     40,800
5/31/18   42,800
7/5/18     45,665
8/16/18   49,000
9/4/18     50,800

It took over a year but very happy I have a bit saved in the TSP now.  I'm 37 and had always mostly ignored retirement saving.  I should max this year.  I'm gonna head to the 10k to 100k challenge!  Good luck All!

Serendip

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Re: Race to 50K
« Reply #186 on: September 04, 2018, 09:01:39 AM »

9/29/17   32,000
10/30/17 33,100
12/1/17   34,300
1/2/18     35,700
2/1/18     38,500
3/6/18     39,600
3/30/18   39,700
5/2/18     40,800
5/31/18   42,800
7/5/18     45,665
8/16/18   49,000
9/4/18     50,800

It took over a year but very happy I have a bit saved in the TSP now.  I'm 37 and had always mostly ignored retirement saving.  I should max this year.  I'm gonna head to the 10k to 100k challenge!  Good luck All!

Congratulations @MommyCake ! Very encouraging.
See you in the next challenge (I am actually already over there..have been doubling up!)

Serendip

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Re: Race to 50K
« Reply #187 on: September 19, 2018, 10:20:20 AM »
An earlier update since I won't be adding too much more before the end of month (just had over 2 weeks off of work so no upcoming payday!) Would be a dream to get to 50,000 by the end of the year but not quite sure if its possible. A big stretch goal!

Dec 18/17    $ 18,146
Jan 03/18     $ 20,624
Feb 06/18     $ 25,073
Mar 30/18     $ 29,008
Apr 16/18      $ 30,000
May 14/18     $ 33,005
May 26/18     $ 35,013
June 22/18    $ 36,535
July 27/18     $ 39,000
Aug 31/18     $ 40,150
Sept 19/18    $ 41,780

Rosy

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Re: Race to 50K
« Reply #188 on: September 19, 2018, 11:33:20 AM »
Oh WOW - two graduates from this thread already - YEAH!!!

CONGRATS TO @MommyCake and @QuillScroll

I'm back from my trip and happy to report I added to the stash today:

UPDATE:
$20,355.36 CD1
$  3,057.47 CD2

TOTAL: $ 23, 412.83
According to my projections, there is a possibility that I may hit $30K this year, which would mean I may hit my target date of sometime in 2019 to reach $50K.

WELCOME to the thread @SeaKayEl and @Penn42 - we're happy to have company on our way to $50K. I still find it hard to believe that I am actually even pursuing such a number - it seems surreal.
I'll be ecstatic if I really hit $30K this year - we shall see.

GOOD LUCK everyone - we'll get there!

westtoeast

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Re: Race to 50K
« Reply #189 on: September 24, 2018, 04:56:30 AM »
Congrats graduates, and welcome new folks!

I am now at $42,200. The end is in sight. Should cross over at some point in Feb.

Penn42

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Re: Race to 50K
« Reply #190 on: September 28, 2018, 04:50:03 PM »
Cruising right along.

07/29/18 - $37,782.07
08/31/18 - $40,708.61
09/28/18 - $44,223.21

Serendip

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Re: Race to 50K
« Reply #191 on: September 28, 2018, 10:28:35 PM »
Few of us in the 40,000+, exciting times..Good work everybody!

I didn't think I'd add more by the end of the month but was able to

Dec 18/17    $ 18,146
Jan 03/18     $ 20,624
Feb 06/18     $ 25,073
Mar 30/18     $ 29,008
Apr 16/18      $ 30,000
May 14/18     $ 33,005
May 26/18     $ 35,013
June 22/18    $ 36,535
July 27/18     $ 39,000
Aug 31/18     $ 40,150
Sept 19/18    $ 41,780
Sept 28/18    $ 42,500

Rosy

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Re: Race to 50K
« Reply #192 on: September 29, 2018, 10:19:32 AM »
UPDATE - it looks like I'll hit the halfway mark by Oct 31, 2018, really looking forward to that:) Milestones always make the goal so much more real. Sometimes I still doubt that I'll ever see that $50K balance in my account.

PROGRESS REPORT BY MONTH

  *** 2017 ***

$  4,588.92  June
$  8,221.92  July
$ 10,000.00  Aug
$ 10,042.00  Sep
$ 10,064.00  Oct
$ 10,092.00  Nov
$ 10,117.00  Dec

  *** 2018 ***

$ 10,715.84 Jan
$ 13,873.10 Feb
$ 16,026.77 Mar
$ 20,054.06 Apr
$ 20,093.95 May
$ 20,132.64 June
July-Aug continued with no savings - interest only
$ 23,412.83 Sep

Projected: $25K by Oct 31, 2018 - we'll see:)


NOTE: I took time out from saving for $50K to finish saving $10K for my travel fund - goal reached in July. Returned from trip in Sep with $3,2K left to plow back into goal #1 - to reach $50K in 2019.

@Serendip @Penn42 @westtoeast - THE END IS IN SIGHT for all of you:)

I'm still in snail pace territory, cheering you on, along with the newbies - we'll get there, eventually.

Rosy

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Re: Race to 50K
« Reply #193 on: September 29, 2018, 10:45:24 AM »
Day 0 (0%)
27 Jul 2018
0/50,000

Day 5 (3.8%)
01 Aug 2018
1,885.86


Day 39 (9.1%)
03 Sep 2018
4,550.63

Update: I decided not to count my travel fund moving forward (only retirement, investments, EF)

@SeaKayEl - You are doing so well! You are already nearing the $5K mark, 10% down - rinse and repeat four more times and you are there:) It takes time to sort out your various goals - we all shift things around a lot - optimizing:).

I also showed my travel fund as a second goal, because for me $10K has a huge impact on my time frame and I wanted to remind myself that I am still saving hard even though I took a break from one goal and worked on another to make it "all" happen.

Actually, I have a mini goal of $1K - saving $50 a month (takes forever) up to $800 and I'll get a $200 bonus from the bank, which I plan to roll over into the $50K goal - which will give me a little extra boost in January of 2019.

For 2018 my main goal is to get as close as possible to $30K, but that is still a very shaky proposition at this time.

Mongoose

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Re: Race to 50K
« Reply #194 on: September 29, 2018, 05:10:58 PM »
Congratulations Rosy. Nice to "see" you again!

haypug16

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Re: Race to 50K
« Reply #195 on: October 01, 2018, 09:52:30 AM »
September Update
10/9/2017  - $26,382.82
10/31/2017 - $27,019.09
11/30/2017 - $28,401.58
12/31/2017 - $29,448.59
1/31/2018 - $31,351.25
2/28/2018 - $30,681.69
3/31/2018 - $30,392.51
4/30/2018 - $31,328.20
5/31/2018 - $32,200.97
6/30/2018 - $33,004.02
7/30/2018 - $34,339.73
8/31/2018 - $35,843.32
9/30/2018 - $36,400.34 +557.02 increase

Not as big of an increase this month due to my company changing 401K providers and us not having a 401K plan in place for the end of Sept payroll. Still an increase though. Once the new plan is set up I'll be increasing my contribution to 17%.

Rosy

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Re: Race to 50K
« Reply #196 on: October 01, 2018, 10:11:56 AM »
@haypug16 - your numbers are looking good, glad to see you are still hanging in there. Congrats on increasing your 401K contribution to 17% - quite the accomplishment:)

SeaKayEl

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Re: Race to 50K
« Reply #197 on: October 03, 2018, 05:17:53 PM »
Day 0 (0%)
27 Jul 2018
0/50,000

Day 5 (3.8%)
01 Aug 2018
1,885.86


Day 39 (9.1%)
03 Sep 2018
4,550.63

Update: I decided not to count my travel fund moving forward (only retirement, investments, EF)

@SeaKayEl - You are doing so well! You are already nearing the $5K mark, 10% down - rinse and repeat four more times and you are there:) It takes time to sort out your various goals - we all shift things around a lot - optimizing:).

I also showed my travel fund as a second goal, because for me $10K has a huge impact on my time frame and I wanted to remind myself that I am still saving hard even though I took a break from one goal and worked on another to make it "all" happen.

Actually, I have a mini goal of $1K - saving $50 a month (takes forever) up to $800 and I'll get a $200 bonus from the bank, which I plan to roll over into the $50K goal - which will give me a little extra boost in January of 2019.

For 2018 my main goal is to get as close as possible to $30K, but that is still a very shaky proposition at this time.

Thanks for the encouragement Rosy!

Day 69 (12.7%)
03 Oct 2018
$6,366.45

Rosy

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Re: Race to 50K
« Reply #198 on: October 14, 2018, 07:19:52 PM »

PROGRESS REPORT BY MONTH

  *** 2017 ***

$  4,588.92  June
$  8,221.92  July
$ 10,000.00  Aug
$ 10,042.00  Sep
$ 10,064.00  Oct
$ 10,092.00  Nov
$ 10,117.00  Dec

  *** 2018 ***

$ 10,715.84 Jan
$ 13,873.10 Feb
$ 16,026.77 Mar
$ 20,054.06 Apr
$ 20,093.95 May
$ 20,132.64 June
July-Aug continued with no savings - interest only
$ 23,412.83 Sep

NOTE: I took time out from saving for $50K to finish saving $10K for my travel fund - goal reached in July. Returned from trip in Sep with $3,2K left to plow back into goal #1 - to reach $50K in 2019.

UPDATE:
$24,994.00 OCTOBER


I'm super excited - adding on interest on Oct 31 - will bring me to that coveted halfway mark:)  - $25K by the end of this month - Yeah!


Serendip

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Re: Race to 50K
« Reply #199 on: October 14, 2018, 09:12:13 PM »
Congrats @Rosy ! Half-way!