Author Topic: Track your 2024 Savings Goals and Progress! (Read 32919 times)

Finwiz · « **Reply #100 on:** August 20, 2024, 10:19:42 PM »

Below is as of 8/15/24. Have a few exciting things coming down the pipe, SO got promo'd which comes with a nice raise (very excited for SO - it's well deserved), I've hit the max social security taxable threshold, and we've made a couple monthly expenditure reductions all of which should culminate in some more progress below.

401k 1: $16,189 / $23,000 (70.4%)
Match 1: $8,700 / $12,200 (71.3%)
Mega Backdoor 401k: $31,800 / $33,800 (94.1%)
401k 2: $19,147 / $23,000 (83.2%)
Match 2: $3,148 / $4,500 (70.0%)
HSA: $5,108 / $8,300 (61.5%)
2022 IRAs: $14,000 / $14,000 (100.0%)
Mortgage Principal: $10,349 / $15,000 (69.0%)
Taxable Brokerage: $25,929 / $60,000 (43.2%)
529 Fund: $6,917 / $10,000 (69.2%)
====================
Total: $141,287 / $203,800 (69.3%)

McStache · « **Reply #101 on:** September 01, 2024, 06:56:35 PM »

August update:
Bucket Current / Goal
401k $ 16,313 / $ 23,000
401k Match $ 5,750 / $ 10,750 <-- revised up from $8k
HSA $ 0 / $ 1,000 <-- new
Mrtg. Prin. $ 0 / $ 1,750 <-- new
Taxable $ 61,666 / $ 73,500 <-- revised down from $99k
------------------------------------
Total $ 83,728 / $110,000 <-- revised down from $130k

Annual Savings Rate: 73.3%

% to Goal:
January 7.5%
February 18.9%
March 26.9%
April 38.7%
May 47.3%
June 56.7%
July 62.7% <-- of old goal of $130k
August 76.1%

As promised, I've revised my numbers for the year. Between the new house and time off and pay cut, $110k seems probably doable and not too much of a stretch. Low savings this month between house things and then hoarding some money in my checking account to cash flow next month's expenses. The new job has a higher 401k match and access to an HSA account, so where the money will be saved has shifted around some.

P.S. Thanks @oneday !

MaybeBabyMustache · « **Reply #102 on:** September 01, 2024, 07:08:57 PM »

Quote from: MaybeBabyMustache on August 04, 2024, 10:30:38 AM

Quote from: MaybeBabyMustache on June 21, 2024, 09:05:22 AM
Quote from: MaybeBabyMustache on May 29, 2024, 02:05:44 PM
Finally have my severance in hand, so here's where we're shaking out:

-Max DS16's 529 - $17,000 - $17,000/$17,000 saved (done)
-Max our 401Ks, catch up contributions + back door - $53,500 - done, thanks to our annual bonuses.
-Save the remainder of DS17's college expenses - $120,000 - 120,000/120,000 saved (done)
-Save another $100,000 in after tax investment accounts - 100,000/100,000 - done

All goals complete, but now I'm not working. Next goal is to end 2024 with our current amount of savings (we have a large property tax payment, DS18 college, etc coming up).

My goal to maintain our savings from the above to the end of the year is ... in a rocky patch. We bought a car for DS17, and plan to sell another car. But, there's a gap there that will come from savings. The title transfer was expensive. I got a notice from the IRS that there was a screw up on an import of a tax document via Turbo Tax, and I owe $1600 more. YAY. I love bonus & unexpected taxes. ;-) I need to work harder at finding a nice side hustle, so we can keep up our current savings. I'm currently "funemployed", but open to part time or super flexible options.

I'm going to pivot my goals a bit. I really like to track our savings, but a significant chunk is tied up in (former) employer stock. They've had a highly varied few months, so that's swung my numbers & doesn't show what we're doing to contribute (or not) overall to our savings & is masking our progress, or lack thereof. I'm selling off the stock, but also trying to reduce giant swings in capital gains, given I also received a huge severance in 2024.

Anyway, my current plan is to measure our savings monthly, minus that account.

So, current savings (minus former employer stock) = $759,370
Goal by end of August = $765k.

We're also going to have some major swings in the upcoming months with college tuition due, and hopefully selling two cars.

Not great progress in August, as we didn't sell either of our two cars, and we bought a car for my special needs aunt. We will be getting reimbursed, but that's in motion as my husband replaces the brakes & makes it drivable for her. It's all good, and really just a blip in the numbers, but I'm going to be more focused in September, to attempt to drive a bit more accountability.

Goals for September:
-Sell one of our cars
-Get reimbursed for special needs aunt's car
-Finish the month with $765k in savings

TyGuy · « **Reply #103 on:** September 03, 2024, 10:53:33 AM »

| 401K | Roth IRA | Taxable | Savings | Total |

Goal | $ 23,000 | $ 7,000 | $ 7,000 | $13,000 | $ 50,000 | % 0.0 |

JAN | $ 2,657 | $ 1,200 | $ 0 | $ 750 | $ 4,607 | % 9.2 |

FEB | $ 3,281 | $ 0 | $ 0 | $ 151 | $ 3,432 | % 6.9 |

MAR | $ 4,420 | $ 0 | $ 0 | $ 2,553 | $ 6,973 | % 13.9 |

APR | $ 3,281 | $ 0 | $ 0 | $ 6,040 | $ 9,321 | % 18.6 |

MAY | $ 8,956 | $ 0 | $ 0 | $ 50 | $ 9,006 | % 18.0 |

JUN | $ 0 | $ 0 | $ 0 | $ 1,100 | $ 1,100 | % 2.2 |

JUL | $ 406 | $ 0 | $ 0 | $ 1,302 | $ 1,708 | % 3.4 |

AUG | $ 0 | $ 0 | $ 0 | $ 1,330 | $ 1,330 | % 2.7 |

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

YTD | $ 23,000 | $ 1,200 | $ 0 | $ 13,276 | $ 37,504 | % 75.01 |

I'm currently throwing any extra money into my savings as I wait for my previous house to sell.

Finwiz · « **Reply #104 on:** September 03, 2024, 08:01:11 PM »

Below is as of 8/31/24. Finally making some more progress on taxable contributions.

401k 1: $16,902 / $23,000 (73.5%)
Match 1: $9,075 / $12,200 (74.4%)
Mega Backdoor 401k: $32,100 / $33,800 (95.0%)
401k 2: $22,815 / $23,000 (99.2%)
Match 2: $3,728 / $4,500 (82.8%)
HSA: $5,427 / $8,300 (65.4%)
2022 IRAs: $14,000 / $14,000 (100.0%)
Mortgage Principal: $10,349 / $15,000 (69.0%)
Taxable Brokerage: $29,429 / $60,000 (49.0%)
529 Fund: $6,917 / $10,000 (69.2%)
====================
Total: $150,740 / $203,800 (74.0%)

oneday · « **Reply #105 on:** September 10, 2024, 10:11:48 PM »

mizzourah2006 · « **Reply #106 on:** September 11, 2024, 11:31:43 AM »

Updated for End of August (Late)

Invested / Goal
401k 1: $18,068 / $23,000
Match 1: $12,775 / $13,500
401k 2: $18,655 / $23,000
Match 2: $1,970 / $2,400
HSA: $4,745 / $8,300
IRAs: $14,000 / $14,000
529s: $10,000 / $10,000
Brokerage: $37,501 / $30,000
Real Estate: $50,000 / $50,000
Real Estate Note: $833 / $2,500
Mortgage: $6,618 / $10,500
====================
Total: $175,170 / $187,200 (88.90%)

Looking like we are going to come up short in HSA contributions. This is why I like keeping track of stuff like this.

Turtle · « **Reply #107 on:** September 30, 2024, 09:22:49 AM »

Missed August
End of Sept Update:

Bucket	401k	Employer Match	HSA Regular	HSA Catch Up	ESPP
Goal	$30,500	$6,000	$4,150	$1,000	$10,000
January 2024	$1,653.06	$663.26	$1,766.66	$83.34	$826.54
End of Feb 2024	$3,306.12	$1,076.53	$1,983.32	$166.68	$1640.50
End of March 2024	$9,424.88	$2,194.32	$2,199.98	$250.02	$3,062.14
End of April 2024	$10,276.42	$2,620.08	$2,416.64	$333.36	$4,711.28
End of May 2024	$11,627.96	$3,095.84	$2,633.30	$416.70	$5,662.82
End of June 2024	$12,479.50	$3,521.61	$2,958.29	$500.04	$6,514.36
End of July 2024	$13,331.04	$3,947.37	$3,066.62	$583.38	$7,365.90
End of Sept 2024	$15,959.89	$5,061.78	$3,499.94	$750.06	$9,544.40

I have gone into a bit of coast mode, so the 401k contributions won’t be completely maxed out this year. I’m also planning to cash out a bit of the stock options from previous years later this year for portfolio rebalancing purposes.

MaybeBabyMustache · « **Reply #108 on:** September 30, 2024, 04:02:36 PM »

Not great progress in August, as we didn't sell either of our two cars, and we bought a car for my special needs aunt. We will be getting reimbursed, but that's in motion as my husband replaces the brakes & makes it drivable for her. It's all good, and really just a blip in the numbers, but I'm going to be more focused in September, to attempt to drive a bit more accountability.

Goals for September:
-Sell one of our cars
-Get reimbursed for special needs aunt's car
-Finish the month with $765k in savings

Ha, well, here's where we netted out.
-Car is listed, and we have people interested, so I'm guessing it will be sold by EOW.
-We have aligned on a price (including cost of the materials for the repairs DH did), and my parents are bringing a check in a couple of weeks. I've tentatively added that money back in with an asterisk, although we will technically receive it in October.
-$762,515. So, we're a little short. Once we get the car sold, we will be ahead, which I'll factor in for October.

TyGuy · « **Reply #109 on:** October 03, 2024, 10:17:49 AM »

| 401K | Roth IRA | Taxable | Savings | Total |

Goal | $ 23,000 | $ 7,000 | $ 7,000 | $13,000 | $ 50,000 | % 0.0 |

JAN | $ 2,657 | $ 1,200 | $ 0 | $ 750 | $ 4,607 | % 9.2 |

FEB | $ 3,281 | $ 0 | $ 0 | $ 151 | $ 3,432 | % 6.9 |

MAR | $ 4,420 | $ 0 | $ 0 | $ 2,553 | $ 6,973 | % 13.9 |

APR | $ 3,281 | $ 0 | $ 0 | $ 6,040 | $ 9,321 | % 18.6 |

MAY | $ 8,956 | $ 0 | $ 0 | $ 50 | $ 9,006 | % 18.0 |

JUN | $ 0 | $ 0 | $ 0 | $ 1,100 | $ 1,100 | % 2.2 |

JUL | $ 406 | $ 0 | $ 0 | $ 1,302 | $ 1,708 | % 3.4 |

AUG | $ 0 | $ 0 | $ 0 | $ 1,330 | $ 1,330 | % 2.7 |

SEP | $ 0 | $ 0 | $ 0 | $ 2,008 | $ 2,008 | % 4.0 |

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

YTD | $ 23,000 | $ 1,200 | $ 0 | $ 15,284 | $ 39,512 | % 79.02 |

Continuing to bolster my savings until my previous home sells and I am back to a single mortgage payment!

Finwiz · « **Reply #110 on:** October 04, 2024, 10:03:02 AM »

Below is as of 9/30/24. Not sure if we're going to hit our taxable goal for the year, in large part due to some unexpected home related expenses. We'll see.

401k 1: $18,327 / $23,000 (79.7%)
Match 1: $9,825 / $12,200 (80.5%)
Mega Backdoor 401k: $32,700 / $33,800 (96.7%)
401k 2: $23,000 / $23,000 (100.0%)
Match 2: $3,820 / $4,500 (84.9%) should get trued up end of year by employer
HSA: $6,225 / $8,300 (75.0%)
2022 IRAs: $14,000 / $14,000 (100.0%)
Mortgage Principal: $11,655 / $15,000 (77.7%)
Taxable Brokerage: $33,822 / $60,000 (56.4%)
529 Fund: $7,750 / $10,000 (77.5%)
====================
Total: $161,123 / $203,800 (79.1%)

ToughMother · « **Reply #111 on:** October 04, 2024, 05:29:21 PM »

Like @alcon835, I too have big changes this year which impact my savings. I'm retiring at the end of February. Our Roth savings that we did in 2023 will be put towards the 2024 earnings year (earnings in 2023 were too high to qualify). I'll have about 5 paychecks of pension savings and 457 savings. When I get my vacation payout, I'll put that towards maxing out the 457. Anything left, I'll take towards cash (along with any paycheck savings) -- cash is for house projects like solar, exterior paint job, mini-splits. My spouse is continuing to work this year, and that is reflected in TSP savings. We will be living primarily on one income and my small pension, once it arrives. I don't think we'll have enough to save towards a Roth for next year, but if there is extra $, I'll add that during the updates.

Q1 update: FIRE'd! With the vacation payout, I was able to max out the 457 and put a chunk towards some upcoming expenses noted above. Going forward, I'll be updating the TSP since spouse is still working, and if I pick up some odd jobs/PT work or we have a low expense month, hopefully we'll have a little more to toss into the CASH bucket.

Q2 update: Still no sign of my state pension, and hoping to see it by the end of Q3. No odd jobs/PT work this quarter. We were able to save a few bucks and my spouse keeps contributing to the TSP.

Q3 update: Got my pension and the back pay. Just started an 8 hr per week consulting gig so that will contribute to the next quarter. Spouse is contributing to the TSP. We used some of the savings to put in a fence for the two new rescue puppies we adopted, install a walkway to the house, get the house painted, and take two vacations. The expenditures outpaced the savings so our Q3 total is below Q2's total for the Cash category.

2024 Savings Goals - Q3 update

Bucket Goal | Actual
TSP $ 27,100 | $ 21,434 (includes match)
457 $ 30,500 | $ 30,500
Pension $ 4,500 | $ 4,531
Cash $ 20,000 | $ 26,420
-----------------------------------------
Total $ 82,100 | $ 82,885
Progress | % 101.1

oneday · « **Reply #112 on:** October 13, 2024, 06:16:48 PM »

TyGuy · « **Reply #113 on:** November 01, 2024, 11:02:44 AM »

| 401K | Roth IRA | Taxable | Savings | Total |

Goal | $ 23,000 | $ 7,000 | $ 7,000 | $13,000 | $ 50,000 | % 0.0 |

JAN | $ 2,657 | $ 1,200 | $ 0 | $ 750 | $ 4,607 | % 9.2 |

FEB | $ 3,281 | $ 0 | $ 0 | $ 151 | $ 3,432 | % 6.9 |

MAR | $ 4,420 | $ 0 | $ 0 | $ 2,553 | $ 6,973 | % 13.9 |

APR | $ 3,281 | $ 0 | $ 0 | $ 6,040 | $ 9,321 | % 18.6 |

MAY | $ 8,956 | $ 0 | $ 0 | $ 50 | $ 9,006 | % 18.0 |

JUN | $ 0 | $ 0 | $ 0 | $ 1,100 | $ 1,100 | % 2.2 |

JUL | $ 406 | $ 0 | $ 0 | $ 1,302 | $ 1,708 | % 3.4 |

AUG | $ 0 | $ 0 | $ 0 | $ 1,330 | $ 1,330 | % 2.7 |

SEP | $ 0 | $ 0 | $ 0 | $ 2,008 | $ 2,008 | % 4.0 |

OCT | $ 0 | $ 0 | $ 0 | $ 1,425 | $ 1,425 | % 2.8 |

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

YTD | $ 23,000 | $ 1,200 | $ 0 | $ 16,709 | $ 40,937 | % 81.87 |

My previous house is under contract! The proceeds of the sale should help me reach my yearly goal nearly 3x over! Fingers crossed the closing process proceeds without any hiccups and that the house will be sold to update here for the end of year!

MaybeBabyMustache · « **Reply #114 on:** November 01, 2024, 02:57:38 PM »

Quote from: MaybeBabyMustache on September 30, 2024, 04:02:36 PM

Not great progress in August, as we didn't sell either of our two cars, and we bought a car for my special needs aunt. We will be getting reimbursed, but that's in motion as my husband replaces the brakes & makes it drivable for her. It's all good, and really just a blip in the numbers, but I'm going to be more focused in September, to attempt to drive a bit more accountability.

Goals for September:
-Sell one of our cars
-Get reimbursed for special needs aunt's car
-Finish the month with $765k in savings

Ha, well, here's where we netted out.
-Car is listed, and we have people interested, so I'm guessing it will be sold by EOW.
-We have aligned on a price (including cost of the materials for the repairs DH did), and my parents are bringing a check in a couple of weeks. I've tentatively added that money back in with an asterisk, although we will technically receive it in October.
-$762,515. So, we're a little short. Once we get the car sold, we will be ahead, which I'll factor in for October.

November 1st progress:
-We've been reimbursed for special needs aunt's car
-We have not sold the other car. We showed it to a bunch of folks, but were then gone for a vacation, and are just now getting things going again.
-We're at $767,464 in savings, despite paying for DS17's orthodontia work. Which was, extremely expensive.

McStache · « **Reply #115 on:** November 01, 2024, 06:24:31 PM »

October update:
Bucket Current / Goal
401k $ 18,646 / $ 23,000
401k Match $ 7,417 / $ 10,750
HSA $ 346 / $ 1,000
Mrtg. Prin. $ 878 / $ 1,750
Taxable $ 68,375 / $ 73,500
------------------------------------
Total $ 95,661 / $110,000

Annual Savings Rate: 74.5%

% to Goal:
January 7.5%
February 18.9%
March 26.9%
April 38.7%
May 47.3%
June 56.7%
July 62.7% <-- of old goal of $130k
August 76.1%
September ¯\_(ツ)_/¯
October 87.0%

New job has started and so far so good. Emergency cash is topped back up, so I'll be back to investing for real next month

oneday · « **Reply #116 on:** November 02, 2024, 12:52:15 AM »

Finwiz · « **Reply #117 on:** November 04, 2024, 08:23:12 PM »

Below is as of 11/1/24. Likely not making our taxable goal for the year, but we'll keep trying.

401k 1: $20,464 / $23,000 (89.0%)
Match 1: $10,950 / $12,200 (89.8%)
Mega Backdoor 401k: $33,600 / $33,800 (99.4%)
401k 2: $23,000 / $23,000 (100.0%)
Match 2: $3,820 / $4,500 (84.9%) should get trued up end of year by employer
HSA: $7,023 / $8,300 (84.6%)
2022 IRAs: $14,000 / $14,000 (100.0%)
Mortgage Principal: $14,276 / $15,000 (95.2%)
Taxable Brokerage: $38,622 / $60,000 (64.4%)
529 Fund: $10,000 / $10,000 (100.0%)
====================
Total: $175,755 / $203,800 (86.2%)

MaybeBabyMustache · « **Reply #118 on:** November 05, 2024, 08:51:49 AM »

Quote from: MaybeBabyMustache on November 01, 2024, 02:57:38 PM

Quote from: MaybeBabyMustache on September 30, 2024, 04:02:36 PM
Not great progress in August, as we didn't sell either of our two cars, and we bought a car for my special needs aunt. We will be getting reimbursed, but that's in motion as my husband replaces the brakes & makes it drivable for her. It's all good, and really just a blip in the numbers, but I'm going to be more focused in September, to attempt to drive a bit more accountability.

Goals for September:
-Sell one of our cars
-Get reimbursed for special needs aunt's car
-Finish the month with $765k in savings

Ha, well, here's where we netted out.
-Car is listed, and we have people interested, so I'm guessing it will be sold by EOW.
-We have aligned on a price (including cost of the materials for the repairs DH did), and my parents are bringing a check in a couple of weeks. I've tentatively added that money back in with an asterisk, although we will technically receive it in October.
-$762,515. So, we're a little short. Once we get the car sold, we will be ahead, which I'll factor in for October.

November 1st progress:
-We've been reimbursed for special needs aunt's car
-We have not sold the other car. We showed it to a bunch of folks, but were then gone for a vacation, and are just now getting things going again.
-We're at $767,464 in savings, despite paying for DS17's orthodontia work. Which was, extremely expensive.

November 5th progress - adding because it's been a volatile month for us already:
-Sold car for $15k, and cancelled insurance (saving $500 - we have two teen drivers on our policy)
-However, I paid $18k for our property taxes, so that unwinds the savings & then some. But, at least the car sold & helped offset the cost of some of that.
-I am supposed to get a partial reimbursement of the orthodontia from insurance, so *maybe* we will net out evenly after all of this.

Turtle · « **Reply #119 on:** November 29, 2024, 10:22:14 AM »

Forgot to capture the October numbers separately, but here is YTD:

Bucket	401k	Employer Match	HSA Regular	HSA Catch Up	ESPP
Goal	$30,500	$6,000	$4,150	$1,000	$10,000
January 2024	$1,653.06	$663.26	$1,766.66	$83.34	$826.54
End of Feb 2024	$3,306.12	$1,076.53	$1,983.32	$166.68	$1640.50
End of March 2024	$9,424.88	$2,194.32	$2,199.98	$250.02	$3,062.14
End of April 2024	$10,276.42	$2,620.08	$2,416.64	$333.36	$4,711.28
End of May 2024	$11,627.96	$3,095.84	$2,633.30	$416.70	$5,662.82
End of June 2024	$12,479.50	$3,521.61	$2,958.29	$500.04	$6,514.36
End of July 2024	$13,331.04	$3,947.37	$3,066.62	$583.38	$7,365.90
End of Sept 2024	$15,959.89	$5,061.78	$3,499.94	$750.06	$9,544.40
End of Nov 2024	$17,652.04	$5,963.30	$6,423.26	$916.74	$11,337.80

Dialing back on maxing the Roth 401k contributions this year due to Coast FI already achieved, but am maxing out the HSA while youngest kid is still on my insurance.

McStache · « **Reply #120 on:** November 29, 2024, 07:06:00 PM »

November update:
Bucket Current / Goal
401k $ 20,979 / $ 23,000
401k Match $ 9,083 / $ 10,750
HSA $ 691 / $ 1,000
Mrtg. Prin. $ 1,320 / $ 1,750
Taxable $ 71,823 / $ 73,500
------------------------------------
Total $103,896 / $110,000

Annual Savings Rate: 73.7%

% to Goal:
January 7.5%
February 18.9%
March 26.9%
April 38.7%
May 47.3%
June 56.7%
July 62.7% <-- of old goal of $130k
August 76.1%
September ¯\_(ツ)_/¯
October 87.0%
November 94.5%

Barring any unexpected major expenses, it's looking promising for hitting the (adjusted) goal for the year!

oneday · « **Reply #121 on:** December 01, 2024, 03:23:50 PM »

MaybeBabyMustache · « **Reply #122 on:** December 01, 2024, 04:59:35 PM »

Quote from: MaybeBabyMustache on June 21, 2024, 09:05:22 AM

Quote from: MaybeBabyMustache on May 29, 2024, 02:05:44 PM
Finally have my severance in hand, so here's where we're shaking out:

-Max DS16's 529 - $17,000 - $17,000/$17,000 saved (done)
-Max our 401Ks, catch up contributions + back door - $53,500 - done, thanks to our annual bonuses.
-Save the remainder of DS17's college expenses - $120,000 - 120,000/120,000 saved (done)
-Save another $100,000 in after tax investment accounts - 100,000/100,000 - done

All goals complete, but now I'm not working. Next goal is to end 2024 with our current amount of savings (we have a large property tax payment, DS18 college, etc coming up).

My goal to maintain our savings from the above to the end of the year is ... in a rocky patch. We bought a car for DS17, and plan to sell another car. But, there's a gap there that will come from savings. The title transfer was expensive. I got a notice from the IRS that there was a screw up on an import of a tax document via Turbo Tax, and I owe $1600 more. YAY. I love bonus & unexpected taxes. ;-) I need to work harder at finding a nice side hustle, so we can keep up our current savings. I'm currently "funemployed", but open to part time or super flexible options.

I made my goal for November of saving $2500, which is great. We haven't spent any of my severance yet, but December is going to be tricky & I expect that we will drop some of our savings. We have: the normal holiday spending + a family ski trip, followed by property taxes. We also have DS18's winter quarter tuition, but we will once again pull from our 529 for that payment. Once we start cash flowing both kids in college.... we're going to see some big swings in our savings value. I'm also job searching again, as I'd like to have more visibility into the cost for DS17 & a bit more cushion.

TyGuy · « **Reply #123 on:** December 03, 2024, 10:40:44 AM »

| 401K | Roth IRA | Taxable | Savings | Total |

Goal | $ 23,000 | $ 7,000 | $ 7,000 | $13,000 | $ 50,000 | % 0.0 |

JAN | $ 2,657 | $ 1,200 | $ 0 | $ 750 | $ 4,607 | % 9.2 |

FEB | $ 3,281 | $ 0 | $ 0 | $ 151 | $ 3,432 | % 6.9 |

MAR | $ 4,420 | $ 0 | $ 0 | $ 2,553 | $ 6,973 | % 13.9 |

APR | $ 3,281 | $ 0 | $ 0 | $ 6,040 | $ 9,321 | % 18.6 |

MAY | $ 8,956 | $ 0 | $ 0 | $ 50 | $ 9,006 | % 18.0 |

JUN | $ 0 | $ 0 | $ 0 | $ 1,100 | $ 1,100 | % 2.2 |

JUL | $ 406 | $ 0 | $ 0 | $ 1,302 | $ 1,708 | % 3.4 |

AUG | $ 0 | $ 0 | $ 0 | $ 1,330 | $ 1,330 | % 2.7 |

SEP | $ 0 | $ 0 | $ 0 | $ 2,008 | $ 2,008 | % 4.0 |

OCT | $ 0 | $ 0 | $ 0 | $ 1,425 | $ 1,425 | % 2.8 |

NOV | $ 0 | $ 0 | $ 0 | $ 1,536 | $ 1,536 | % 3.1 |

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

YTD | $ 23,000 | $ 1,200 | $ 0 | $ 18,245 | $ 42,473 | % 84.95 |

I will be maxing out my ROTH IRA this month when the money from my previous home sale is deposited into my account. I am very excited to start contributing towards my taxable account again as well, now that I don't have two mortgage payments to make!

Finwiz · « **Reply #124 on:** December 05, 2024, 08:32:38 PM »

Below is as of 12/5/24. Not making our taxable goal for the year, but that's alright.

401k 1: $21,889 / $23,000 (95.2%)
Match 1: $11,700 / $12,200 (95.9%)
Mega Backdoor 401k: $34,200 / $33,800 (101.2%)
401k 2: $23,000 / $23,000 (100.0%)
Match 2: $4,973 / $4,500 (110.5%)
HSA: $7,662 / $8,300 (92.3%)
2022 IRAs: $14,000 / $14,000 (100.0%)
Mortgage Principal: $15,591 / $15,000 (103.9%)
Taxable Brokerage: $42,622 / $60,000 (71.0%)
529 Fund: $10,000 / $10,000 (100.0%)
====================
Total: $185,637 / $203,800 (91.1%)

Turtle · « **Reply #125 on:** December 26, 2024, 07:50:18 AM »

Bucket	401k	Employer Match	HSA Regular	HSA Catch Up	ESPP
Goal	$30,500	$6,000	$4,150	$1,000	$10,000
January 2024	$1,653.06	$663.26	$1,766.66	$83.34	$826.54
End of Feb 2024	$3,306.12	$1,076.53	$1,983.32	$166.68	$1640.50
End of March 2024	$9,424.88	$2,194.32	$2,199.98	$250.02	$3,062.14
End of April 2024	$10,276.42	$2,620.08	$2,416.64	$333.36	$4,711.28
End of May 2024	$11,627.96	$3,095.84	$2,633.30	$416.70	$5,662.82
End of June 2024	$12,479.50	$3,521.61	$2,958.29	$500.04	$6,514.36
End of July 2024	$13,331.04	$3,947.37	$3,066.62	$583.38	$7,365.90
End of Sept 2024	$15,959.89	$5,061.78	$3,499.94	$750.06	$9,544.40
End of Nov 2024	$17,652.04	$5,963.30	$6,423.26	$916.74	$11,337.80
End of Dec 2024	$18,163	$6,389	$8,300	$1,000	$12,189

Dialing back on maxing the Roth 401k contributions this year due to Coast FI already achieved. However, I realized I could max out the HSA while youngest kid is still on my insurance and save myself some taxes, which is why that number is above my original goal.

Also missing from the table is $6500 which I put into a Roth IRA earlier in the year. That brings my savings total for this year to $52,541. Less than last year but still a hefty percentage of my gross W-2 income.

oneday · « **Reply #126 on:** December 27, 2024, 11:42:19 AM »

Redherring · « **Reply #127 on:** December 29, 2024, 05:59:21 AM »

Quote from: Redherring on June 19, 2024, 02:19:18 AM

Joining in to keep myself in-check and continue to save diligently, even with firehose of cash that makes it so easy to relax consumption!

2024 savings goal 800k/ 900k stretched

YTD 455k (mid-June)

We ended at saving 850k. Add to that return of the portfolio and 2024 is a good vintage!

McStache · « **Reply #128 on:** December 31, 2024, 09:09:58 AM »

December update:
Bucket Current / Goal
401k $ 23,313 / $ 23,000 <-- DONE*
401k Match $ 10,750 / $ 10,750 <-- DONE
HSA $ 1,037 / $ 1,000 <-- DONE
Mrtg. Prin. $ 1,765 / $ 1,750 <-- DONE
Taxable $ 76,432 / $ 73,500 <-- DONE
------------------------------------
Total $113,296 / $110,000 <-- DONE

Annual Savings Rate: 73.5%

% to Goal:
January 7.5%
February 18.9%
March 26.9%
April 38.7%
May 47.3%
June 56.7%
July 62.7% <-- of old goal of $130k
August 76.1%
September ¯\_(ツ)_/¯
October 87.0%
November 94.5%
December 103.0%

* Yes, this is over contributed. My 401k provider was supposed to limit contributions, but didn't, so I'll deal with that in a few days

Made it! Pretty pleased considering I both bought a house and changed jobs with time off between this year. Next year will likely be a little more steady-as-she-goes, but haven't sat down to figure out the precise goal yet. Has anyone started next year's thread yet?

TyGuy · « **Reply #129 on:** January 02, 2025, 10:20:41 AM »

| 401K | Roth IRA | Taxable | Savings | Total |

Goal | $ 23,000 | $ 7,000 | $ 7,000 | $13,000 | $ 50,000 | % 0.0 |

JAN | $ 2,657 | $ 1,200 | $ 0 | $ 750 | $ 4,607 | % 9.2 |

FEB | $ 3,281 | $ 0 | $ 0 | $ 151 | $ 3,432 | % 6.9 |

MAR | $ 4,420 | $ 0 | $ 0 | $ 2,553 | $ 6,973 | % 13.9 |

APR | $ 3,281 | $ 0 | $ 0 | $ 6,040 | $ 9,321 | % 18.6 |

MAY | $ 8,956 | $ 0 | $ 0 | $ 50 | $ 9,006 | % 18.0 |

JUN | $ 0 | $ 0 | $ 0 | $ 1,100 | $ 1,100 | % 2.2 |

JUL | $ 406 | $ 0 | $ 0 | $ 1,302 | $ 1,708 | % 3.4 |

AUG | $ 0 | $ 0 | $ 0 | $ 1,330 | $ 1,330 | % 2.7 |

SEP | $ 0 | $ 0 | $ 0 | $ 2,008 | $ 2,008 | % 4.0 |

OCT | $ 0 | $ 0 | $ 0 | $ 1,425 | $ 1,425 | % 2.8 |

NOV | $ 0 | $ 0 | $ 0 | $ 1,536 | $ 1,536 | % 3.1 |

DEC | $ 0 | $ 5,800 | $ 12,200 | $ 364 | $ 18,364 | % 36.7 |

YTD | $ 23,000 | $ 7,000 | $ 12,200 | $ 18,609 | $ 60,837 | % 121.7 |

What a whirlwind of a year it has been! Happy to have not only reach my goal, but to exceed my goal, in part, due to the sale of my previous home. This next year looks to have a lot of spending on projects for my new home, but I am making it a goal to maintain my 50k annual savings, likely increasing this goal in future years. My investment accounts are now nearing the point in which they will be growing faster than I can contribute in a good year, so I am giving myself permission to improve my living space which will directly improve my daily life (though this will be expensive). Happy new year to everyone here and I look forward to tracking my savings with you all again in 2025.

achvfi · « **Reply #130 on:** January 02, 2025, 12:29:05 PM »

Quote from: achvfi on July 27, 2024, 07:15:35 PM

Lots of unexpected expenses this year. But making Good progress this year. We should easily reach the goal.

Stache keeps growing faster on its own. My contributions are not as big of a factor as it used to be.

Category      Progress   Goal      Progress %
HSA        $5,840   $8,300      70.36%
401k        $34,727   $53,000      65.52%
2 IRAs        $14,000   $14,000      100.00%
Taxable        $7,250   $3,000      241.67%
ESPP        $2,200   $7,000      31.43%
Total        $64,017   $85,300      75.05%

We had a very expensive year. Business class international travel, kids in pre school, expensive kids activities, couple of beach vacations, trips to see family, high health expenses. We exceeded our target by 3%. I am hoping next year continues to be prosperous one like this, minus health expenses.

Wish you all the same and happy new year.

Magenta_screwdriver · « **Reply #131 on:** January 02, 2025, 12:38:50 PM »

Quote from: oneday on December 27, 2024, 11:42:19 AM

Done!

Bucket Goal | Actual
401(k) $ 23,000 | $ 23,000.00
Match $ 3,000 | $ 3,000.00
Roth $ 4,250 | $ 4,250.00
Taxable $ 23,750 | $ 23,750.00
-----------------------------------------
Total $ 54,000 | $ 54,0000.00
Progress | 100.0%

Nice!! Congrats!

oneday · « **Reply #132 on:** January 02, 2025, 09:07:01 PM »

Quote from: Magenta_screwdriver on January 02, 2025, 12:38:50 PM

Quote from: oneday on December 27, 2024, 11:42:19 AM
Done!

Bucket Goal | Actual
401(k) $ 23,000 | $ 23,000.00
Match $ 3,000 | $ 3,000.00
Roth $ 4,250 | $ 4,250.00
Taxable $ 23,750 | $ 23,750.00
-----------------------------------------
Total $ 54,000 | $ 54,0000.00
Progress | 100.0%

Nice!! Congrats!

Thanks. Sometimes I think that hitting my goal means the goal was too easy. Nevertheless, I am pleased.

Finwiz · « **Reply #133 on:** January 03, 2025, 09:09:56 AM »

Finished off the year a little short of our goal, but that means it was probably a reasonable target. Also realized we over contributed to one of our 401k's... whoops.

401k 1: $23,000 / $23,000 (100.0%)
Match 1: $12,450 / $12,200 (102.0%)
Mega Backdoor 401k: $34,323 / $33,800 (101.5%)
401k 2: $23,000 / $23,000 (100.0%)
Match 2: $4,973 / $4,500 (110.5%)
HSA: $8,300 / $8,300 (100.0%)
2022 IRAs: $14,000 / $14,000 (100.0%)
Mortgage Principal: $15,591 / $15,000 (103.9%)
Taxable Brokerage: $43,577 / $60,000 (72.6%)
529 Fund: $10,000 / $10,000 (100.0%)
====================
Total: $189,214 / $203,800 (92.8%)

Looking forward to the 2025 thread - currently setting up our targets/goals!

ToughMother · « **Reply #134 on:** January 04, 2025, 09:45:32 AM »

Like @alcon835, I too have big changes this year which impact my savings. I'm retiring at the end of February. Our Roth savings that we did in 2023 will be put towards the 2024 earnings year (earnings in 2023 were too high to qualify). I'll have about 5 paychecks of pension savings and 457 savings. When I get my vacation payout, I'll put that towards maxing out the 457. Anything left, I'll take towards cash (along with any paycheck savings) -- cash is for house projects like solar, exterior paint job, mini-splits. My spouse is continuing to work this year, and that is reflected in TSP savings. We will be living primarily on one income and my small pension, once it arrives. I don't think we'll have enough to save towards a Roth for next year, but if there is extra $, I'll add that during the updates.

Q1 update: FIRE'd! With the vacation payout, I was able to max out the 457 and put a chunk towards some upcoming expenses noted above. Going forward, I'll be updating the TSP since spouse is still working, and if I pick up some odd jobs/PT work or we have a low expense month, hopefully we'll have a little more to toss into the CASH bucket.

Q2 update: Still no sign of my state pension, and hoping to see it by the end of Q3. No odd jobs/PT work this quarter. We were able to save a few bucks and my spouse keeps contributing to the TSP.

Q3 update: Got my pension and the back pay. Just started an 8 hr per week consulting gig so that will contribute to the next quarter. Spouse is contributing to the TSP. We used some of the savings to put in a fence for the two new rescue puppies we adopted, install a walkway to the house, get the house painted, and take two vacations. The expenditures outpaced the savings so our Q3 total is below Q2's total for the Cash category.

Q4 update: Settling into the retirement groove. I'm doing some minimal consulting which primarily covers our expensive puppies with a little extra going to savings. Spouse continue to work. My pension covers our mortgage, property taxes, and my health insurance. We are not pulling from investments at this time. I didn't know I'd have consulting income, thus the poor estimate of savings. I won't have any big payouts next year (e.g., vacation payout, pension backpay) and I don't know if I'll have any consulting income after the end of the fiscal year so once again for 2025, my savings estimate will be an out-my-butt guess.

2024 Savings Goals - Q4 update

Bucket Goal | Actual
TSP $ 27,100 | $ 29,304 (includes match)
457 $ 30,500 | $ 30,500
Pension $ 4,500 | $ 4,531
Cash $ 20,000 | $ 38,718
-----------------------------------------
Total $ 82,100 | $ 103,053
Progress | % 125.5

Finwiz · « **Reply #135 on:** January 04, 2025, 01:23:21 PM »

Started up the 2025 thread below:

https://forum.mrmoneymustache.com/throw-down-the-gauntlet/track-your-2025-savings-goals-and-progress!/

MaybeBabyMustache · « **Reply #136 on:** January 04, 2025, 02:13:16 PM »

Quote from: MaybeBabyMustache on January 01, 2024, 08:23:20 PM

I have no idea what 2024 is going to hold. These goals assume I don't get laid off, which is a real possibility given constant & unrelenting organizational changes.

-Max DS16's 529 - $17,000
-Max our 401Ks, catch up contributions + back door - $53,500
-Save the remainder of DS17's college expenses - $120,000
-Save another $100,000 in after tax investment accounts

Total = $290,500

Ha. I did get laid off, so 2024 was a wild year. Here's where we netted out.

-Max DS16's 529 - $17,000 - done
-Max our 401Ks, catch up contributions + back door - $53,500 - done
-Save the remainder of DS17's college expenses - $120,000 - done
-Save another $100,000 in after tax investment accounts - done

Total = $290,500 - we definitely exceeded this goal, by at least $200k. Mostly thanks to my severance. Now that the fire hose is complete from my former employer, we shall see where things net out for 2025.

alcon835 · « **Reply #137 on:** February 18, 2025, 12:08:56 PM »

The percentage goal for me to be on track for February is 25.00%.

Bucket	Goal	Current
401K	$23,000	$9,082.17
Match	$1,293.32	$1,674.61
Roth 1	$7,000	$7,000.00
Roth 2	$7,000	$7,000.00
HSA	$8,300	$858.32
Dividends	$2,000	$2,481.87
Mortgage	$10,700	$10,924.58
Sabbatical Savings	$26,168.44	$26,168.44
Total	$85,461.76	$65,189.99
*Percentage*	100%	80.17% (-19.83% of goal)

Update:
My finances were blown up pretty badly, so we missed by quite a bit. Resetting in 2025 in most ways and expecting to do much, much better this year.

jsap819 · « **Reply #138 on:** February 18, 2025, 01:13:09 PM »

Quote from: jsap819 on June 19, 2024, 05:16:00 PM

Halfway through 2024 and currently saved about $63k across all accounts. I have a stretch goal of $120k but I would be okay if we don't reach it. We are FI and all contributions past this point we are adding about 2.5 years worth of expenses every year. See you at the end of the year!

Couple of months late but ended the year a little under 100k in contributions. Couldn't reach the stretch goal of $120k due to purchasing solar and a new roof. Also, my wife went part-time the last 6 months of the year so had less income than usual coming in. All-in-all still happy we were in a position to save this much. Having 2 very good years of returns certainly helped.

News:

Author Topic: Track your 2024 Savings Goals and Progress! (Read 32919 times)