Author Topic: Saving to $10K  (Read 222669 times)

Dicey

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Re: Saving to $10K
« Reply #1300 on: June 03, 2019, 11:11:13 AM »
I was wondering why this thread had gone silent. When the market goes down, it's easier to increase the number of shares you own. That way, when the market rises, you'll be even more buoyant.

LittleWanderer

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Re: Saving to $10K
« Reply #1301 on: June 03, 2019, 01:16:37 PM »
April emergency fund: $6,547

May emergency fund: $6,559 (+$12)

Well, I didn't manage to put anything toward ye ol efund in May.  But I earned 12 bucks in interest.  Errrr, that's something!

cazio

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Re: Saving to $10K
« Reply #1302 on: June 03, 2019, 09:23:12 PM »

10/2/18 - $(2742.60)
10/29/18 - $(1899.81)
11/25/18 - $(1660.04)
12/31/18 - $245
3/14/19 - $(5,212)
3/31/19 - $(882.10)
4/25/19 - $(16,545.33)
5/29/19 - $(14,275.68)

Managed to make a dent in things this month, but I still feel like I'm going nowhere. I can't wait until this debt is gone! Even though my net worth is this much, my actual debt almost twice this. So frustrating, but it'll be gone someday soon.

Rosy

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Re: Saving to $10K
« Reply #1303 on: June 04, 2019, 10:09:00 AM »

10/2/18 - $(2742.60)
SNIP
4/25/19 - $(16,545.33)
5/29/19 - $(14,275.68)

Managed to make a dent in things this month, but I still feel like I'm going nowhere. I can't wait until this debt is gone!

 Even though my net worth is this much, my actual debt almost twice this.

So frustrating, but it'll be gone someday soon.

@cazio - looks pretty damn good from where I sit, cazio. Your numbers speak for themselves - you are making more than just a dent:)!
As far as your actual debt being twice that amount - well, think of it this way - as long as you do not add to your debt and you pay off at least the minimum each month - it will eventually be whittled down to zero.

I know what you mean about all of this taking forever, I've been saving up to $50K in the $50K thread since 2017 - I am so over it at times. But you know what? There is a certain satisfaction in seeing that despite all the curveballs life throws at you-you persevered.
There is proof of your financial gain right in front of your eyes - revel in it:).

We got this - your $10K will happen and so will my $50K - all we have to do is keep our eye on the prize and do all the million little things along the way to reduce expenses and never stop optimizing and looking for opportunities.

I do enjoy a challenge, but it helps a great deal to be motivated along the way - not just that - without this forum, I would never even have thought myself capable of saving $50K.  $5K sure, I can do that, but $50K? That actually sounded laughable and impossible to me until one day I believed I could.
True - it is frustrating to have to stop contributing to your savings, because you need your money to go elsewhere that month, but at least we have the money to re-direct and we can dust ourselves off and move on to the next month.

Just like @LittleWanderer pointed out - it is great when we reach the next step and didn't have to dig into the EF, but managed to hold onto the savings - so now we can grin over the fact that, oh yeah - I gained $12 in interest.
The first time my interest went over $50 a month I was so thrilled:).
Somehow moving past a situation where I continually needed to dip into the emergency fund was the hardest part - harder than saving up for $50K.

Hang in there guys, you are doing great - stay focused and you will remain on track, even if the savings train occasionally comes to an unexpected stop. and your carefully orchestrated plans go totally awry.
All you have to do is work on being better prepared next time and keep on truckin'.:)

haypug16

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Re: Saving to $10K
« Reply #1304 on: June 06, 2019, 05:42:55 PM »

May update      Emergency Fund       Car Fund
4/15/19 -           $1,750                       $100.07
5/31/19 -         $1,894                     $150.46

Small increases but I hope to make some bigger contributions once I'm back to work in July

Manchester

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Re: Saving to $10K
« Reply #1305 on: June 17, 2019, 05:43:08 AM »
Congratulations @Imma

Can't believe I've only just seen that you've passed the 10k threshold.  Really impressed with how quickly you've been increasing your NW these past few months. 


Imma

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Re: Saving to $10K
« Reply #1306 on: June 18, 2019, 09:56:57 AM »
Congratulations @Imma

Can't believe I've only just seen that you've passed the 10k threshold.  Really impressed with how quickly you've been increasing your NW these past few months.

Yes, I still can't believe how easy 2019 has been so far, and I didn't really do anything special. I reached 10k before I even got my annual tax return I think. The market has helped me, I've been making about 200/month through my side hustle, but that's it. I haven't been significantly more frugal than usual.

BobTheBuilder

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Re: Saving to $10K
« Reply #1307 on: June 27, 2019, 11:51:24 AM »
Greetings fellow savers!

Despite a very bad May, and the volatile stock market, I am now at the halfway point with 5k .
This is made up like this:

Car: 1,600
Investments, cash, amounts payable: 11,310
Student loans, residual debt: 7,307
CC: 603

I am currently a bit over-invested and keep my fingers crossed for the G20 summit to cash out a bit. Otherwise, I'll use my cash flow for boosting my EF and saving up for car-investing (repairs or a new-to-me-one) until years end.

Keep going!

cazio

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Re: Saving to $10K
« Reply #1308 on: June 28, 2019, 07:05:52 PM »
10/2/18 - $(2742.60)
10/29/18 - $(1899.81)
11/25/18 - $(1660.04)
12/31/18 - $245
3/14/19 - $(5,212)
3/31/19 - $(882.10)
4/25/19 - $(16,545.33)
5/29/19 - $(14,275.68)
6/28/19 - $(13,578)

Feeling good about things. Thanks for the encouragement @Rosy !! Much needed. Slowly but surely I'm on my way. Things are looking up job wise and I think my next gig will pay me significantly more than what I'm currently making, which is awesome! But only time will tell.

It is hard to balance life goal and financial goals. For me they usually align but sometimes they don't and lately I've just kinda been like f*** it, I'm in my 20's. Not over the top, but I don't berate myself like I used to. Finding the balance is the current struggle!
« Last Edit: July 11, 2019, 06:03:52 AM by cazio »

Trifele

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Re: Saving to $10K
« Reply #1309 on: June 29, 2019, 03:28:49 AM »
Way to go @cazio@Rosy is right that the first 10k is the hardest, especially when you start in debt. (Been there).  After that things start to roll.  You've got GRIT.  You've got this!

Welcome @BobTheBuilder!  You are looking good.  Congrats on reaching the halfway point.     

mckaylabaloney

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Re: Saving to $10K
« Reply #1310 on: July 01, 2019, 10:28:26 AM »
1/1/2018: $(170,956.12)
2/1/2018: $(166,849.63)
3/1/2018: $(161,395.88)
4/1/2018: $(156,590.44)
5/1/2018: $(152,997.61)
6/1/2018: $(149,175.48)
7/1/2018: $(143,748.22)
8/1/2018: $(138,734.38)
9/1/2018: $(135,043.66)
10/1/2018: $(131,441.14)
11/1/2018: $(133,372.50)
12/1/2018: $(128,081.25)
1/1/2019: $(80,750.78)
2/1/2019: $(73,422.02)
3/1/2019: $(60,122.64)
4/1/2019: $(54,342.22)
5/1/2019: $(48,858.05)
6/1/2019: $(49,269.97)
7/1/2019: $(29,802.87)

Whoa okay. Markets rebounded and I received an unexpected mid-year bonus last month. Wow.

My assets are now over six figures, which is genuinely hard to believe. That's mostly in tax-advantaged retirement accounts, but my bonus allowed me to start a down payment fund as well, which feels really good. If I make it through the rest of this year at my job, and they pay out end-of-year bonuses that are similar to last year's, I should wind up with enough of a down payment to buy in the LCOL city I'd like to move to next year. I definitely do not take for granted how fortunate that makes me -- it is getting me through some very anxious days at this job.

Dicey

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Re: Saving to $10K
« Reply #1311 on: July 01, 2019, 10:48:40 AM »
Way to go, @mckaylabaloney! Congratulations to everyone still striving for the goal. You're making awesome progress!

Trifele

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Re: Saving to $10K
« Reply #1312 on: July 01, 2019, 05:03:53 PM »
Holy shite @mckaylabaloney!  You are absolutely crushing it.  Well done!

Imma

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Re: Saving to $10K
« Reply #1313 on: July 01, 2019, 11:28:17 PM »
Wow @mckaylabaloney !! You're doing really great. Won't be too long until we meet in the next thread.

TyGuy

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Re: Saving to $10K
« Reply #1314 on: July 05, 2019, 09:27:45 AM »
Student Loan Debt:

01/12/19: $43,762.76
02/01/19: $42,561.06 (-$1,201.70)
03/04/19: $41,418.69 (-$1,139.41)


Net Worth per Personal Capital:

03/04/19: -$30,065


I will be receiving a large tax refund later this month and will be investing it into an IRA account. Additionally, I am going to be changing my approach a bit and begin contributing less towards my student loans for the next few months as I max out my IRA account for the year. This will be beneficial to me in the long run due to my relatively low interest rates on my student loans, and the tax advantages of IRA accounts. Everyone seems to be doing well, keep up the good work!

Made some serious head way on increasing my net worth over the past few months, the total shown below does not yet include my new employer 401K, but should have it all linked together by next month:

Student loan debt: $37,901.63
Net Worth per Personal Capital: -$21,711

haypug16

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Re: Saving to $10K
« Reply #1315 on: July 05, 2019, 10:45:55 AM »
June update      Emergency Fund       Car Fund
4/15/19 -           $1,750                       $100.07
5/31/19 -           $1,894                       $150.46
6/30/19 -         $2,032.31                 $200.77

Great job everyone! Keep it up!

BobTheBuilder

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Re: Saving to $10K
« Reply #1316 on: July 10, 2019, 02:11:31 PM »
Nice progress, haypug, let's keep moving :-)

coldestcat

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Re: Saving to $10K
« Reply #1317 on: July 17, 2019, 10:46:55 AM »
First time posting in this thread. I wasnt paying much attention to networth when we were negative but I recently paid off my student loans so we only owe on my wife's loans now. Set to pay those off in a few years. I don't check too often since mint doesnt work with some of the accounts we have but for purposes of this thread I think im just going to go with what mint says for now.

starting off at: 7.17.19 4,199.61

BobTheBuilder

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Re: Saving to $10K
« Reply #1318 on: July 26, 2019, 03:36:25 PM »
I made it!!! I am at 10,278!!!

Ten Thousand Two Hundred Seventy Eight Euros!

My net worth jumped over 5K in one month. But how?
I took a huge risk for getting my knocked out Tesla leverage back, and was mostly successful. That was 1k.
1.3k is my regular surplus. I received a bonus at work, spent very little apart from buying a mobile AC in order to not get a heat stroke in my sleep (we are not ready for 40C/105F here with our architecture and no AC anywhere in regular apartment buildings). The rest of the portfolio went up, too. Bolstered my cash position by cashing out on turbo certificates. I am now de-leveraged and will keep it like that for a while.

Car: 1,500
Investments, cash, amounts payable: 16,069
Student loans, residual debt: 6,980
CC: 311

Next month we will be moving to a nicer building a few blocks away, and I hope I will be posting a follow up in the race from 10k to 100k!
Great feeling, I never thought that could happen so quickly.

Keep up the work :-)

cazio

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Re: Saving to $10K
« Reply #1319 on: July 26, 2019, 06:53:34 PM »
10/2/18 - $(2742.60)
10/29/18 - $(1899.81)
11/25/18 - $(1660.04)
12/31/18 - $245
3/14/19 - $(5,212)
3/31/19 - $(882.10)
4/25/19 - $(16,545.33)
5/29/19 - $(14,275.68)
6/28/19 - $(13,578)
7/26/19 - $(12,692)


Currently have $7250 in my EF, having just added $250. Put over $500 toward my car loan this month. Still a bit hesitant and playing it safe when it comes to tackling debt (and by that I mean I'm still padding my EF instead of just going 100% into paying off debt) but it feels good to attack it. I'm already at almost 10% of my car loan paid off!
« Last Edit: July 29, 2019, 07:48:21 PM by cazio »

Trifele

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Re: Saving to $10K
« Reply #1320 on: July 27, 2019, 03:10:03 AM »
@BobTheBuilderCongratulations!!  From the halfway point to the finish line in the blink of an eye.  Next stop -- the 100k thread.  All power to you.

Keep it up @cazio!  You've got a nice rhythm going. 

And welcome @coldestcat!  Congrats on paying off your student loans.  Those milestone victories feel so good on the journey upward.       

Moonwaves

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Re: Saving to $10K
« Reply #1321 on: July 29, 2019, 03:45:39 AM »
Well done everyone who has graduated since the last time I was here. And to everyone else saving away, too!

I did start my new job at the start of June and it was such a change, I could hardly believe I could feel so happy at work. That was in large part due to my new boss, who I got on so well with right from the start - and then six weeks later he killed himself. Totally out of the blue really, I had guessed/he had half told me that he was or had been in therapy but I have rarely met anyone who had such a quiet yet positive energy. I suspect something must have happened on the weekend he did it that caused him to snap but we'll just never know. I miss him.

And of course work has been a mess, because he hadn't quite finished showing me how to do everything (like, seriously, how great is it to work in a place where they purposely do not load you up with every single task from day one and instead allow you to get to know a couple of tasks properly first and then the next day show you the next tasks?). We're getting there slowly but surely but yeah, it's all been a bit of a mess and I have definitely spent a lot more money on chocolate and crisps and takeaway than I really should.

And it is that time of year when most of my annual bills come due, so it has been spendy, spendy, spendy. I am down to just 50 in both my annual expenses and holiday accounts and pulled some money out of savings almost as soon as I had put it in there in the first place. Still, at least I have made some progress. And I have to just keep reminding myself that the reason I have those annual expenses and holiday accounts is so that I have money to pay those bills when they are due. I won't have any other similar big bills to pay for a good few months now.

So, I was at
BoI savings a/c: 250.00
DiBa ETF: 1,364.90
CmzBank savings a/c: 2,300.00
Total:  +3,914.90

And now I'm at
BoI savings a/c: 200.00
DiBa ETF: 1,577.90
CmzBank savings a/c: 2,450.00
Total:  +4,227.90

Net: +4,227.90 

Tass

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Re: Saving to $10K
« Reply #1322 on: July 29, 2019, 08:42:12 AM »
Ohmygosh, Moonwaves, what an unfortunate turn of events! Sorry about your boss, and the stress of his passing. Kudos on your progress, though.

mckaylabaloney

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Re: Saving to $10K
« Reply #1323 on: August 01, 2019, 08:48:20 AM »
1/1/2018: $(170,956.12)
2/1/2018: $(166,849.63)
3/1/2018: $(161,395.88)
4/1/2018: $(156,590.44)
5/1/2018: $(152,997.61)
6/1/2018: $(149,175.48)
7/1/2018: $(143,748.22)
8/1/2018: $(138,734.38)
9/1/2018: $(135,043.66)
10/1/2018: $(131,441.14)
11/1/2018: $(133,372.50)
12/1/2018: $(128,081.25)
1/1/2019: $(80,750.78)
2/1/2019: $(73,422.02)
3/1/2019: $(60,122.64)
4/1/2019: $(54,342.22)
5/1/2019: $(48,858.05)
6/1/2019: $(49,269.97)
7/1/2019: $(29,802.87)
8/1/2019: $(25,751.08)

Back to a more normal pace this month. I am having a pretty difficult time in my job right now -- I have lost all motivation and truly dread going in to work every day; it's affecting my mental health enormously -- so I have been toying with the idea of leaving earlier than I planned, and maybe even moving to my hometown earlier than I planned (was previously planning on leaving my job and subsequently moving sometime in the first half of 2020). I even nearly bought a house this month with that new down payment fund I started -- a house suddenly went on the market in my absolute dream neighborhood in my hometown. That happens only rarely, and this is one of the few houses in the neighborhood that could possibly be affordable to me for at least the foreseeable future (most are too big and thus too expensive for me). But I took too long deciding whether I'm ready to make the leap, and someone else snatched it up in its first weekend on the market. So that's disappointing in some ways -- who knows when an opportunity like that will be available again -- but in most ways I'm sure it's for the best.

@Moonwaves I am so sorry about your boss. I hope the transition gets smoother very soon.

TyGuy

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Re: Saving to $10K
« Reply #1324 on: August 10, 2019, 10:38:12 AM »
Student Loan Debt:

01/12/19: $43,762.76
02/01/19: $42,561.06 (-$1,201.70)
03/04/19: $41,418.69 (-$1,139.41)
07/05/19: $37,901.63 (-$3,517.06)
08/10/19: $36,673.79 (-$1,227.84)


Net Worth per Personal Capital:

03/04/19: -$30,065
07/05/19: -$21,711 ($8,294)
08/10/19: -$18,173 ($3,538)


Great to see all the continued support on this thread! My new goal for the end of the year is to have a net worth of $0.00 or greater (stretch of March 1, 2020), I continue to make large payments on my loans while also using the take advantages of IRA's and 401K's. I hope you all have a great last month or so of summer and I'll be here to check in again next month!

Dicey

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Re: Saving to $10K
« Reply #1325 on: August 10, 2019, 10:57:44 AM »
Oh, @Moonwaves, I am sorry for the loss of your boss, for you and everyone who knew him, especially his family.

And @mckaylabaloney, I have been in your position. In my case, I resisted the urge to go "home", because while prices were lower, so were the opportunities. I did buy a house there. I fixed it up and rented it out. I didn't make much on it when I sold it eight years later, but I learned a ton. My key takeaway is, "There will always, always be another property." Continue doing what you're doing. The more you strengthen your position, the better the opportunities will be.

I'm always happy to see updates on this thread. Good work, y'all!

mckaylabaloney

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Re: Saving to $10K
« Reply #1326 on: August 10, 2019, 03:34:00 PM »
My key takeaway is, "There will always, always be another property."

*laughs nervously* Well, it's funny you should say that, because the very day I made that post, a gorgeous house went on the market in a different neighborhood -- more of an up-and-coming neighborhood compared to the very old, established, beautiful neighborhood of the other house. And...I'm now under contract for that house??? This one is within walking distance of my hometown's train station, so I can stay at my current, high-paying job and commute via train. It's a longer commute than I would prefer, but I know reasonable people who have done it for years or even decades, so I'm going to give it a shot. If I can stick it out for 6 months or so -- well, that's about as long as I was planning to stay in this job before the house purchase anyway. And if I can handle it for longer, all the better.

The upshot that I don't think I've ever mentioned on here before is that if I hate commuting or simply can't stand my job anymore and decide to get a job in the city I'm moving to (which was always the plan for some point in the near future), my compensation would definitely be lower -- but I would be eligible (due to the lower compensation) to reenter my law school's loan assistance repayment program. So they would pay a portion of my loans (the amount would be based on my income), which would mitigate some (not all) of the income loss.

Anyway, who knows, anything can happen, etc., but I certainly see myself living there for many years (among other reasons, it's small enough that it won't feel cavernous for just me, but it's big enough to accommodate a partner, should I find one, and a kid or two if I ever decide to have them). And I got it for an absolute steal, especially since in most ways I could not have dreamed up a better home for myself. So...I'm thrilled about it! Even though it's going to move my net worth in the wrong direction for a bit due to closing and moving costs. I'll check back in here once things have stabilized again.

Dicey

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Re: Saving to $10K
« Reply #1327 on: August 11, 2019, 01:04:51 AM »
Ooh, that sounds exciting @mckaylabaloney! Please keep us posted on your progress.

twocatsinaflat

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Re: Saving to $10K
« Reply #1328 on: August 21, 2019, 09:01:46 PM »
I haven't been on here in ages, not since 2017 actually. So much has happened since then. I graduated school, got married, and started a new job and got in to about 10k work of debt in the process. Oops. So I'm starting my tracking over with a blank slate. Well sort of, while I'm in the negative right now but I plan on moving the needle back towards the green again. I'll get paid this weekend so they number will go up a bit but I'll just update it next time. Better to start now than never.

8/21/19: $(-9,535)

LittleWanderer

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Re: Saving to $10K
« Reply #1329 on: August 22, 2019, 08:21:48 AM »
Welcome, @twocatsinaflat!  :)

cazio

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Re: Saving to $10K
« Reply #1330 on: August 23, 2019, 11:55:01 AM »
10/2/18 - $(2742.60)
10/29/18 - $(1899.81)
11/25/18 - $(1660.04)
12/31/18 - $245
3/14/19 - $(5,212)
3/31/19 - $(882.10)
4/25/19 - $(16,545.33)
5/29/19 - $(14,275.68)
6/28/19 - $(13,578)
7/26/19 - $(12,692)
8/23/19 - $(11,219)

Made some fake progress this month - my last month employed for ??? months. EF is padded up and ready but I hope to only have 2 months off and take odd jobs and day playing jobs to coast me. Upside is my next job will probably bump my pay up significantly, so everything will hopefully balance out for the better.

Even though this is unemployed time it also means it's the only time to take trips etc, so I have one tentative trip planned on the cheap, then visiting friends and family. Nothing that will take a bite out of the wallet thankfully!

On to better things!

« Last Edit: September 11, 2019, 03:13:52 PM by cazio »

TyGuy

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Re: Saving to $10K
« Reply #1331 on: September 01, 2019, 06:06:09 PM »

Student Loan Debt:

01/12/19: $43,762.76
02/01/19: $42,561.06 (-$1,201.70)
03/04/19: $41,418.69 (-$1,139.41)
07/05/19: $37,901.63 (-$3,517.06)
08/10/19: $36,673.79 (-$1,227.84)
09/01/19: $35,289.89 (-$1,383.90)

Net Worth per Personal Capital:

03/04/19: -$30,065
07/05/19: -$21,711 ($8,294)
08/10/19: -$18,173 ($3,538)
09/01/19: -$12,615 ($5,558)


August was a great month as I received 3 paychecks! Additionally, I finally linked my current retirement account to Personal Capital, hence the large increase in net worth this past month. It won't be long until I become worthless :)  I Hope everyone is enjoying the last few weeks of summer!

Moonwaves

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Re: Saving to $10K
« Reply #1332 on: September 02, 2019, 03:26:49 AM »
BoI savings a/c: 200.00
DiBa ETF: 1,577.90
CmzBank savings a/c: 2,450.00
Total:  +4,227.90

Net: +4,227.90

Another month, another paycheque (or transfer at least - don't think I've ever actually been paid with a cheque). Things are ticking along nicely. I even managed to not spend down to zero this month and so have started the float in my current account that I have been wanting to do for ages, i.e. always having 600 in my current account as a buffer. I'm not sure there's any particularly sensible reason to do this other than that I want to prove to myself I can - I have always operated on a nothing left by the end of the month plan. In days gone by that was actually a good month because it meant I hadn't used my overdraft. These days, it's because I transfer money to savings as soon as I get paid and leave just enough to cover expected expenses throughout the month. I want to see how I deal with not always spending everything in the account. It's a bit easy to find ways to spend money if there is some leftover because, for example, I've spent less than expected on food that month.

BoI savings a/c: 300.00
DiBa ETF: 1,595.22
CmzBank savings a/c: 2,600.00
Total:  +4,495.22

Net: +4,495.22

The float in my current account is 50, and I've started adding to my annual expenses (250) and travel accounts (150) again. I have some big invoices hopefully getting paid soon and will be putting aside most of that for some travel and house stuff I want to get done. From next year, I'll be aiming to save all of my side income.
« Last Edit: September 03, 2019, 09:00:06 AM by Moonwaves »

LittleWanderer

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Re: Saving to $10K
« Reply #1333 on: September 03, 2019, 08:56:05 AM »
August emergency fund: $6,361 (-$198)

Oops, haven't checked in here in a little while.  My efund continues to just stagnate around $6K.  I pre-paid my climbing gym membership for the year back in July, so that took a nice chunk out.  (But hey, it's cheaper than doing month to month.)  September won't be so hot either, but hopefully will start rebuilding after that...

coldestcat

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Re: Saving to $10K
« Reply #1334 on: September 03, 2019, 11:57:07 AM »
My wife started doing photography a while ago as a hobby and just did her first paid job, so we might see more income from that if it becomes a regular thing.

7/17/19-   4,199.61
9/3/19-    15,357.17


I think this was such a big jump because the rent is still being included and other things since its the beginning of the month. I will check next month to see if this is normal or not.

Moonwaves

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Re: Saving to $10K
« Reply #1335 on: September 06, 2019, 02:32:27 AM »
Woohoo. One of the biggest invoices just got paid. Usually takes a couple of months for stuff for that client to come through. I've moved half of it over to my business account to cover taxes and some for my laptop fund. I've topped up my annual expenses to 1,100 and travel to 1,000 and sent more to my emergency fund. I feel rich! Especially because I know I have several more invoices waiting to be paid. I may actually get to saving all of my side income before the start of next year. Feeling positive today*. Long may it last.


* Helped by the fact that I just got the doctor to prescribe six massage sessions for me which will hopefully take care of the (literal) pain in my neck.

Trifele

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Re: Saving to $10K
« Reply #1336 on: September 06, 2019, 03:49:16 AM »
Great updates everyone!  Keep up the good work, and let's finish the year strong!

Moonwaves

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Re: Saving to $10K
« Reply #1337 on: September 06, 2019, 03:52:45 AM »
BoI savings a/c: 300.00
DiBa ETF: 1,595.22
CmzBank savings a/c: 2,600.00
Total:  +4,495.22

Net: +4,495.22

And since I'm at a computer now, here are my updated totals:
BoI savings a/c: 300.00
DiBa ETF: 1,623.22
CmzBank savings a/c: 4,000.00 (ok, not actually yet but I've transferred the money and it should show up by Monday)
Total:  +5,923.22

Net: +5,923.22

With 1,100 in annual expenses/house maintenance and 1,000 in travel and still just over 200 in my current account. Spending money for the rest of the month is elsewhere so I'm going to see if I can keep most of this where it is. This all sets me up for a good month in October. The less stressed I am about money, the easier I usually find it to not spend.

Hope everyone has a great weekend.

Imma

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Re: Saving to $10K
« Reply #1338 on: September 08, 2019, 03:51:46 AM »
Yay @Moonwaves you're doing great! Even though I've graduated new posts here still show up in my list and I'm still curious to see how you are all doing. The first 10k seriously is the hardest part and I know how hard everyone is working here to get there, and on a low income too.

@LittleWanderer when I started pre-paying things up front I would calculate how much I'd have to put aside each month to pay next year's bill so it was really clearly visible that my previously 25/month gym payment was now a 20 reservation etc. 10 here and there will seriously add up over the course of a year. I also pay my insurance up front which saves only 3% but on a pretty significant amount of money.

Rimu05

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Re: Saving to $10K
« Reply #1339 on: September 16, 2019, 07:27:02 AM »
I don't want to revisit old posts that I made here but going to start a fresh. Maybe one day I will link them but here we go. I am focusing on paying debt more than increasing my income.

Student loan - (26,503.71)
Car Loan - (1325.77)
Credit card debt - 1413.68


Savings - $50
Checking - $110
401K - 18, 323 (Or something like that)


Goals - Pay off car loan and credit card debt by April. Have a $2000 emergency fund by end of June.

I don't think it will be a good money year for me based on expenses I need to budget for
Insurance due in April - $600
New laptop as my nine year lap top has been acting up in terms of the track pad - (1,000)
Registration for CFA level 2 in june - I did not want to take it this year but ($1200 for materials and exam) If I pass my company reimburses which is good.
Lease ends in June - Need to look for another apartment.

I feel like I haven't made much of a dent in terms of debt payment. So focusing way more on that. I want my student loans gone!

Update soon after, but I normally update mid month.

Student loan - (26,503.71)
Credit card debt - 1000 (0% until 2020)


Savings - $400
Checking - $167
401K - 20530.55


Car loan is paid off and that was far more anticlimactic than I expected.

Truly the swahili saying that "Chovya Chovya humaliza buyu la asali" while used as  a word of caution actually works for debt. Paying little by little lessens the balance. Literal translation:constant dipping finishes the pot of honey.

Also a great proverb for wasteful spending too.

Paid of a bunch of things using credit card. Insurance, car expense, vacation and debt has climbed.

Student loan - ($26,281.19)
Credit card debt - 3000 (0% until 2020)


Savings - $1300
Checking - $447
401K - 20530.55


It feels like I haven't made any progress even though I have. Unfortunately, credit card is higher than I'd like it to be. My only saving grace was paying off my car earlier this year

Student loan - ($25,603.82)
Credit card debt - 5000 (0% until 2020)


Savings - $2600
Checking - $600
401K - 23,277.66.55


Total - (4,126.17)

TyGuy

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Re: Saving to $10K
« Reply #1340 on: October 02, 2019, 10:10:37 AM »
Student Loan Debt:

01/12/19: $43,762.76
02/01/19: $42,561.06 (-$1,201.70)
03/04/19: $41,418.69 (-$1,139.41)
07/05/19: $37,901.63 (-$3,517.06)
08/10/19: $36,673.79 (-$1,227.84)
09/01/19: $35,289.89 (-$1,383.90)
10/02/19: $33,624.85 (-$1,665.04)


Net Worth per Personal Capital:

03/04/19: -$30,065
07/05/19: -$21,711 ($8,294)
08/10/19: -$18,173 ($3,538)
09/01/19: -$12,615 ($5,558)
10/02/19: -$10,089 ($2,526)

ItsALongStory

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Re: Saving to $10K
« Reply #1341 on: October 02, 2019, 09:57:47 PM »
Student Loan Debt:

01/12/19: $43,762.76
02/01/19: $42,561.06 (-$1,201.70)
03/04/19: $41,418.69 (-$1,139.41)
07/05/19: $37,901.63 (-$3,517.06)
08/10/19: $36,673.79 (-$1,227.84)
09/01/19: $35,289.89 (-$1,383.90)
10/02/19: $33,624.85 (-$1,665.04)


Net Worth per Personal Capital:

03/04/19: -$30,065
07/05/19: -$21,711 ($8,294)
08/10/19: -$18,173 ($3,538)
09/01/19: -$12,615 ($5,558)
10/02/19: -$10,089 ($2,526)
Close to that tipping point of worthlessness

Sent from my Pixel 2 XL using Tapatalk


Lincolnshire Girl

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Re: Saving to $10K
« Reply #1342 on: October 03, 2019, 01:34:53 AM »
After a turbulent few months I'm really pleased to see a balance of 2200 for 1st October. I think this is the most I have ever had in savings.
Plus I have a new full-time job which means I should see savings increase much quicker from now on. Feeling very positive.

cazio

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Re: Saving to $10K
« Reply #1343 on: October 04, 2019, 09:14:35 AM »
10/2/18 - $(2742.60)
10/29/18 - $(1899.81)
11/25/18 - $(1660.04)
12/31/18 - $245
3/14/19 - $(5,212)
3/31/19 - $(882.10)
4/25/19 - $(16,545.33)
5/29/19 - $(14,275.68)
6/28/19 - $(13,578)
7/26/19 - $(12,692)
8/23/19 - $(11,219)
10/4/19 - $(12,227.77)

Unemployment sucks! This figure isn't totally accurate either, it's about to get much worse because I'm going on my first Europe trip this Sunday for 16 days. Flights were dirt cheap and I have a friend in Italy, so things just aligned. Also, I have two tentative job offers waiting for me when I get back, so at least I won't lose too much ground. One of the jobs may have a significant raise for me, so less time will be needed to make up what I've spent.

If all goes to plan, I think I have a chance to be at $0 net worth in 6-8 months!

Vashy

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Re: Saving to $10K
« Reply #1344 on: October 04, 2019, 10:47:26 AM »
Hi fellow savers!

I'm working towards building a 10,000 emergency fund (that's my FU money if the job gets a lot worse). I had some big costs last year (which meant I had to take on debt at 3.3 APR) and just clawed my way out of it (15,000 of debt paid off in September). So my numbers are:

March 2019: -7,680
April 2019: -5,700
May 2019: -5,350
June 2019: -4,750
July 2019: -3,125
August 2019: -1,735
September 2019: 5,250 (thanks to a one-off dividend payment and refunds)

I'm aiming to reach 10,000 in cash (and gilts) by end-2020 (mortgage takes the biggest chunk of available cash right now, but I'd feel better with ten grand in super liquid money). Looking forward to see everybody's successes!

TyGuy

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Re: Saving to $10K
« Reply #1345 on: October 06, 2019, 11:06:14 AM »
Student Loan Debt:

01/12/19: $43,762.76
02/01/19: $42,561.06 (-$1,201.70)
03/04/19: $41,418.69 (-$1,139.41)
07/05/19: $37,901.63 (-$3,517.06)
08/10/19: $36,673.79 (-$1,227.84)
09/01/19: $35,289.89 (-$1,383.90)
10/02/19: $33,624.85 (-$1,665.04)


Net Worth per Personal Capital:

03/04/19: -$30,065
07/05/19: -$21,711 ($8,294)
08/10/19: -$18,173 ($3,538)
09/01/19: -$12,615 ($5,558)
10/02/19: -$10,089 ($2,526)
Close to that tipping point of worthlessness

Sent from my Pixel 2 XL using Tapatalk

My goal to be worthless is the end of January 2020, it will be an exciting day!