Author Topic: Saving to $10K  (Read 16545 times)

Trifele

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Re: Saving to $10K
« Reply #200 on: June 30, 2017, 04:24:07 AM »
Happy Friday and happy end of the month everyone!   How did everyone do?   Or are you -- like me -- going to wait until tomorrow to calculate your numbers, in hopes that the market comes back up today?  ha ha

July is a brand new opportunity for us to make headway.  Onward and upward!

haypug16

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Re: Saving to $10K
« Reply #201 on: June 30, 2017, 08:35:25 AM »
3/31/2017 (52,848.85)
4/30/2017 (48,076.67)
5/31/2017 (47,110.22)
6/30/2017 (46,540.28) +605.94
4 month average Net Worth increase = $1,577.14 (this makes me very happy)

Not bad considering all the expenses I had this month. Going in the right direction. Most of the increase is from reducing my credit card debt by $420. I hope everyone else had a good month and here's to an even better July!

recklesslysober

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Re: Saving to $10K
« Reply #202 on: June 30, 2017, 09:59:30 AM »
Quote from: recklesslysober on April 12, 2017, 11:08:10 AM

($110,100) - student debt
$15,100 -retirement
$4,700 - cash

= (90,300)

I think I forgot to post in May. Still steadily working away at the debt.

June

($106,300) - student debt
$16,700 -retirement
$3,000 - cash

= (86,600)
« Last Edit: July 14, 2017, 12:58:35 PM by recklesslysober »

Trifele

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Re: Saving to $10K
« Reply #203 on: June 30, 2017, 12:53:28 PM »

($110,100) - student debt
$15,100 -retirement
$4,700 - cash

= (90,300)



I think I forgot to post in May. Still steadily working away at the debt.

June

($106,300) - student debt
$16,700 -retirement
$3,000 - cash

= (86,600)

Nice job!  Way to slug away at the student loans RS.  You'll be leaving six figures behind you soon!

recklesslysober

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Re: Saving to $10K
« Reply #204 on: June 30, 2017, 01:11:36 PM »
Nice job!  Way to slug away at the student loans RS.  You'll be leaving six figures behind you soon!

Thanks!!! I can't wait. At $105,700 today, getting a head start on July payments.

The plan is $99,900 on September 29 at the latest. ;)

Bella78

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Re: Saving to $10K
« Reply #205 on: July 01, 2017, 06:25:53 AM »
Joining in.  Currently working towards a positive net worth. 

Debts = (35,803.96)
Assets = 5412.64

Total = (30391.30)

Trifele

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Re: Saving to $10K
« Reply #206 on: July 01, 2017, 10:52:04 AM »
Welcome Bella78! 

There are lots of us that started way further in the negative.   You've totally got this!

runbikerun

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Race to 10k
« Reply #207 on: July 01, 2017, 11:29:17 AM »
I'm in, at least to make myself as accountable as possible for any shortfalls or slip-ups. Aiming to hit a 10k emergency fund to ensure I'm covered for six months' expenses if anything happens to my job.

Balance as of 1st July 2017: 3,540.
Target: saving 420 per month.
Target date for clearing the 10k figure: October 2018.

Any raises between now and then will be directed straight into the same place to speed up the process.

Trifele

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Re: Saving to $10K
« Reply #208 on: July 01, 2017, 11:53:22 AM »
Welcome, RunBikeRun!

BeautifulDay

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Re: Saving to $10K
« Reply #209 on: July 01, 2017, 03:17:12 PM »
I love looking at this thread.  You guys are killing it.  Getting over this first hurdle is the hardest part but you'll get there!

And Trifele, thanks for being the constant encourager on this and several of the other race threads. 

DieHard_772

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Re: Saving to $10K
« Reply #210 on: July 01, 2017, 05:24:16 PM »
AS of 6/2/17:

Money set aside for Self-Employment taxes: $1162 (Doesn't include nearly $1000 my wife also has set aside for it, which is reflected in "Savings" below)
Money in Bank Accts and Savings for spending : $4569
Savings:  $3348
My IRAs:  $7042
HSA: $1166
Wife IRA:   $1038
Money to be invested this month:  $516

TOTAL ASSETS: $18842

Current Liabilities
Credit card: $3365
Student loan: $4526

TOTAL LIABILITIES: $7892


CURRENT NETWORTH:  $10,950!

I'll enjoy it while we got it: this includes several thousand dollars that are going to go out this month for expenses, so the networth will soon shrink.
Yet it's nice to have passed the $10k networth for at least a little while... soon it will be permanent!

Oy, what a month.  I won't even go into it, I'm just glad to be done with it
Moving on...


Money set aside for Self-Employment taxes: $95
Money in Bank Accts and Savings for spending : $3948
Our Savings:  $2836
My IRAs:  $7284*
HSA: $1333
Wife IRA:   $1176
Money to be invested this month:  $129

*My IRAs are currently being transferred from Betterment to Vanguard, so I don't know the exact number.  Hopefully transfer will complete early next week.

TOTAL ASSETS: $16802

Current Liabilities
Credit card: $3262**
Student loan: $4480

**doesn't include about $160 I used a card to charge new glasses.  But that is 0% apr for 6 months and will be paid off.

TOTAL LIABILITIES: $7743


CURRENT NETWORTH:  $9059


This last month was definitely a chance to practice non-attachment.  Things really did not work out how I hoped, yet as they say,
what doesn't kill you makes you stronger... Onward and upward!



DieHard_772

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Re: Saving to $10K
« Reply #211 on: July 01, 2017, 05:25:39 PM »
I love looking at this thread.  You guys are killing it.  Getting over this first hurdle is the hardest part but you'll get there!

And Trifele, thanks for being the constant encourager on this and several of the other race threads.

I LOVE this thread... it is like my lifeblood, keeping me focused

Slanhirn

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Re: Saving to $10K
« Reply #212 on: July 04, 2017, 10:06:58 AM »
Hi - I'm in!

I'm aiming for 10K net worth which should happen hopefully towards spring 2018.

I started really focusing on my net worth last august when I started with -13K (student loans were -19K)!

June

Tracker funds = 8,558
Pension = 1,300
Emergency savings = 4,984

Assets = 14,842

Student loan = (16,791) - interest at 1.25%
Other loan = (1,228) - interest at 8.5%

Debts = -17,719

NET WORTH = -2,877


Hopefully pass the 0 net worth mark in September!

Moonwaves

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Re: Saving to $10K
« Reply #213 on: July 04, 2017, 10:34:39 AM »
Not sure how I missed this before, my eyes do tend to glaze over a bit when I see topics like race to 500k. This is much more my speed. And even then, it still feels ambitious.

After struggling for years and finally getting out of debt, I ended up back in debt after moving last year. I should be getting tax refunds for 2014 and 2015 soon (was not on top of this at all) and have just spent the entire weekend working on a big job for my side gig and between those two things my overdraft should be just about cleared. Then I owe my sister 3,000. But at the same time, I really badly need to get some savings in place so that I have at least a baby emergency fund. I started this in May when I set up a savings plan for my very first ETF. What I think I'll do is 1,000 for me, 1,000 for sis, 1,000 for me and so on. Or maybe once I have 1,000 for me, I'll just save to pay her back in full first. We'll see. It's very early days yet.

I have savings in a couple of different accounts. I also want to get back to saving at least some of my spare change in my sealed pot. That gets opened every year at the start of December and I buy myself something for my birthday. Won't include that here. :)

Savings on 4 July 2017
BoI savings a/c: 12.62
DiBa ETF: 144.75 (this is a savings plan that 50 goes into every month)
CmzBank savings a/c: 100.00
Total:  257.37



DieHard_772

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Re: Saving to $10K
« Reply #214 on: July 04, 2017, 11:12:05 AM »
Hi - I'm in!

I'm aiming for 10K net worth which should happen hopefully towards spring 2018.

I started really focusing on my net worth last august when I started with -13K (student loans were -19K)!

June

Tracker funds = 8,558
Pension = 1,300
Emergency savings = 4,984

Assets = 14,842

Student loan = (16,791) - interest at 1.25%
Other loan = (1,228) - interest at 8.5%

Debts = -17,719

NET WORTH = -2,877


Hopefully pass the 0 net worth mark in September!

Great progress, keep it up :)

memorytoast

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Re: Saving to $10K
« Reply #215 on: July 05, 2017, 01:43:36 PM »
Just wanted to say kudos to everyone here! Way to set goals and work hard to reach them. It's gonna feel so awesome when you're debt free with a nice safety net!

DieHard_772

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Re: Saving to $10K
« Reply #216 on: July 05, 2017, 05:39:24 PM »
Just wanted to say kudos to everyone here! Way to set goals and work hard to reach them. It's gonna feel so awesome when you're debt free with a nice safety net!

That's for dang sure

MSquared

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Re: Saving to $10K
« Reply #217 on: July 06, 2017, 11:36:28 AM »
End of June update:

Emergency fund: $3619
401k: $1221
TOTAL: $4840

Little late checking in this month.  Another bad month, although my total still went up.  I guess that's something! 

clickhappy

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Re: Saving to $10K
« Reply #218 on: July 12, 2017, 01:31:14 AM »
My first update, have been working in reducing our spending, fewer takeaways and less eating out. Have now increased payments into savings to 2k per month (~60%) and avoided spending this year's bonus putting it straight in here.

April £1250
(+1250)
May £2515
(+1250)
June £3841
(+1250 +1750)
July £6774 / $8705

Can't believe how well this is going. So glad I found MMM.

fluffmuffin

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Re: Saving to $10K
« Reply #219 on: July 13, 2017, 11:15:42 AM »
This is my first post ever! I've been reading MMM for a while but discovered the forums more recently, and want some accountability for my down payment fund. I'm very lucky to already have $12,000 from a one-time windfall, but sometimes I feel like that makes me lazier since I'm already (almost) halfway to the eventual goal of a $30k downpayment. I don't work as hard as I should on this and the money going into the house fund is always the first thing I cut from my budget if I over-spend somewhere else. That needs to change.

7/13/2017: $2,238.41

Goal for 8/31/2018: $10,000. I don't have as high of a salary as a lot of folks on here so that might be ambitious, but I've done the math and I have the $325 per paycheck I'd need to make it happen, as long as I stick to my budget and don't have any major unanticipated expenses.

DieHard_772

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Re: Saving to $10K
« Reply #220 on: July 13, 2017, 06:31:16 PM »
Getting to 10k total networth is moving along, meanwhile, as of today we officially have over $10k in combined investments in
our IRAs and HSA!

Yeah baby!

clickhappy

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Re: Saving to $10K
« Reply #221 on: July 14, 2017, 03:26:39 AM »
Getting to 10k total networth is moving along, meanwhile, as of today we officially have over $10k in combined investments in
our IRAs and HSA!

Yeah baby!

Congratulations!

Slanhirn

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Re: Saving to $10K
« Reply #222 on: July 14, 2017, 05:46:06 AM »
Getting to 10k total networth is moving along, meanwhile, as of today we officially have over $10k in combined investments in
our IRAs and HSA!

Yeah baby!

Congratulations!

Congrats! Well on the way there!

Trifele

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Re: Saving to $10K
« Reply #223 on: July 14, 2017, 07:54:05 AM »
Getting to 10k total networth is moving along, meanwhile, as of today we officially have over $10k in combined investments in
our IRAs and HSA!

Yeah baby!

Congratulations!

Congrats! Well on the way there!


Great job DieHard!  And welcome Fluffmuffin -- Congrats on starting the journey.  You'll get there!

DieHard_772

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Re: Saving to $10K
« Reply #224 on: July 14, 2017, 11:32:43 AM »
Getting to 10k total networth is moving along, meanwhile, as of today we officially have over $10k in combined investments in
our IRAs and HSA!

Yeah baby!

Congratulations!



Congrats! Well on the way there!


Great job DieHard!  And welcome Fluffmuffin -- Congrats on starting the journey.  You'll get there!

Thanks All.

Let's do this!

recklesslysober

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Re: Saving to $10K
« Reply #225 on: July 14, 2017, 12:57:16 PM »
June

($106,300) - student debt
$16,700 -retirement
$3,000 - cash

= (86,600)

July

($103,700) - student debt
$17,500 -retirement
$2,300 - cash

= (83,900)

mathstache

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Re: Saving to $10K
« Reply #226 on: July 18, 2017, 12:14:44 PM »
roth 4800
checking 1000
savings 2000

total 7800. Looking forward to going over 10k next month - even if just for a few days before rent and other expenses come due... I taught summer school to boost the savings and now that that's over, I've picked up a tutoring gig to make this happen! Keep going everyone, I had a few months of no progress but I know it's turning around.

JanetJackson

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Re: Saving to $10K
« Reply #227 on: July 18, 2017, 12:46:31 PM »
I'm jumping in!
Assets:
Emergency fund + General savings = 4716
Vehicle Emergency Fund = 1183
Pet Emergency Fund = 523
Car Insurance collection (paid from yearly) = 297
Camper/Tiny home Savings = 1627
Consistent Checking Surplus for immediate emergencies = 200
IRA = 4.10 :/

TOTAL: 8550.10

*It also makes me feel better to list these assets:
Car value: ~5000
Value if I sold literally everything else I own: maybe 600?



Liabilities
Student Loan #1 = 11,000 at 1.9%
Student Loan #2 = 5,200 at 2.3%

TOTAL: 16200


Net worth: -7649.90
(gosh, almost makes me want to sell my car and walk the 30 miles to work....)