Author Topic: Race to 50K  (Read 21406 times)

Rosy

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Re: Race to 50K
« Reply #200 on: October 15, 2018, 06:28:22 AM »
Thanks Serendip:) - the next goal is to hit $30K by Dec 31, 2018.
My ultimate goal is to have a 50K cash cushion by the EOY 2019 - I'm beginning to believe it.



Rosy

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Re: Race to 50K
« Reply #201 on: October 29, 2018, 02:44:36 PM »
UPDATE
November is getting a $1K boost from a "slow as molasses in the wintertime" savings project I started two years ago.
Plus the usual $1541. and $113.75, plus interest appr. $40 Oct and $40 Nov.
Projected by EOM Nov 27,735.

(I'll post the final October numbers after the interest posted on Oct 31.) Meanwhile, I'll see what I can scrounge up to make that $30K happen by EOY 2018. I can almost taste success:)
If all goes well and I manage to stay on track - $40K will happen by June 2019. Surreal.

How did everyone do this month? You are all getting so very close...

Anchored Adrift

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Re: Race to 50K
« Reply #202 on: October 30, 2018, 02:43:29 AM »
Just stumbled on this forum and this perfectly fits what I am in the process of trying to accomplish.  The timing is perfect as well, I've already incurred more expenses than expected for upcoming travel over the holidays, so I'm hoping this race will help curb any additional unnecessary holiday spending.

Started my journey to save $50k a while back and am just past the halfway point.  "Extra" money to stash away will be tight over the holidays and I am looking to increase my retirement contributions (not including retirement funds in this race) early 2019.  Looks like this is a great motivation space to keep on track so I am very excited to join!

(1st) Goal:  $50k saved by 12/31/2019

Current Balance:

10/30/18:  $25,098.54

Penn42

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Re: Race to 50K
« Reply #203 on: October 31, 2018, 06:40:46 PM »
Well I saved over $2500 this month, which just barely kept me above last month's net worth despite the little market hiccup.

07/29/18 - $37,782.07
08/31/18 - $40,708.61
09/28/18 - $44,223.21
10/31/18 - $44,231.89

Stocks on sale!

haypug16

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Re: Race to 50K
« Reply #204 on: November 01, 2018, 08:05:32 AM »
Stocks on sale!

+1 to that

October 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
10/31/2018 - $34,318.26 ($2,082.08) decrease, despite the fact that I invested ~$600 (my companies 401K plan is still being set up so i only got in one contribution this month.

Rosy

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Re: Race to 50K
« Reply #205 on: November 01, 2018, 09:36:02 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
$ 20,132.64 June
July-Aug continued with no savings - interest only
$ 23,412.83 Sep
$ 25,041.58 Oct

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.

November is looking good so far, projected savings $4,041.
(just got a surprise $1.5K loan payback, $1K from a matured sav acct, plus $1541. reg save = $4,041. tot sav, plus int, projected for Nov - $29,120).
Damn, I may actually be over $30K by EOY 2018. 

Rosy

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Re: Race to 50K
« Reply #206 on: November 01, 2018, 09:41:50 AM »
Just stumbled on this forum and this perfectly fits what I am in the process of trying to accomplish.  The timing is perfect as well, I've already incurred more expenses than expected for upcoming travel over the holidays, so I'm hoping this race will help curb any additional unnecessary holiday spending.

Started my journey to save $50k a while back and am just past the halfway point.  "Extra" money to stash away will be tight over the holidays and I am looking to increase my retirement contributions (not including retirement funds in this race) early 2019.  Looks like this is a great motivation space to keep on track so I am very excited to join!

(1st) Goal:  $50k saved by 12/31/2019

Current Balance:

10/30/18:  $25,098.54

Welcome @Anchored Adrift - you're already halfway there! Yeah well, the holidays are always a challenge, but having a firm goal and deadline keeps me from blowing it all - I might cave a bit, depending:)

It will be nice to race or drift alongside someone who has the same time deadline.

Serendip

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Re: Race to 50K
« Reply #207 on: November 12, 2018, 12:22:45 PM »
It's been a little while since I updated this particular thread.  Good work everyone!

This is a slow time of year for me savings-wise, I tend to have a lot of professional fees/insurance to pay and it's the slow time of year so I tend to take more vacation time off..had over a month off of work between Sept & Oct.
Still..slowly ticking upwards.
Had a stretch goal of being as close to $50,000 by the end of 2018 as possible but more likely I'll reach it somewhere in the first 6 months of 2019.

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 28/18    $ 42,500
Nov 12/18     $ 43,808