Author Topic: Saving to $10K  (Read 244299 times)

Tass

  • Handlebar Stache
  • *****
  • Posts: 1708
  • Age: 26
  • Location: Southern California
  • Working on a PhD...
Re: Saving to $10K
« Reply #1350 on: October 31, 2019, 11:26:45 AM »
You're on your way, @cari8285! Keep chugging!

TyGuy

  • 5 O'Clock Shadow
  • *
  • Posts: 33
  • Age: 25
  • Location: Eugene, OR
Re: Saving to $10K
« Reply #1351 on: November 04, 2019, 10:07:06 AM »
@TyGuy - I ended up taking a slight cut (of $50/wk) but the advantage is I plan to get lots of OT and sixth and seventh days at work where I make x1.5 per hour for 12 hours straight. And I have a guaranteed 12 so if I show up for 20 minutes I still get a full day's pay.

The downside is that I only have 3 days off between now and Thanksgiving, but that's actually kind of an advantage for me as I've been spending more now that everything is so accessible by bike. I'm also making 25% more than everyone else with my title because my coordinator is awesome. rates vary show to show so I'm happy with it because I get to work with good people.


Sounds like you have yourself in a great position! Stay strong with you spending habits and you will be onto the next thread in no time! :)

TyGuy

  • 5 O'Clock Shadow
  • *
  • Posts: 33
  • Age: 25
  • Location: Eugene, OR
Re: Saving to $10K
« Reply #1352 on: November 04, 2019, 10:09:05 AM »
Officially joining!

A few months ago, I had over 2k in credit card debt, over 9k in my car loan, and no 401K.

I've started to make some positive changes so I'm ready to start providing updates on trying to get to a net worth of 10K.

November 2019
Credit card: $521.24
Car loan: $7,868.05
401K: $604.75

I'm not going to include my checking or savings yet because I've basically been throwing all of that money towards the debts to pay them down quicker.

Net worth: -7,784.54

I also owe my brother about 10K (interest free), but not going to factor that in yet because he's made it clear he wants me to get myself together before I even think about paying him back.

Welcome to the group, you have the right mentality, its only a matter of time until you achieve your goals!

TyGuy

  • 5 O'Clock Shadow
  • *
  • Posts: 33
  • Age: 25
  • Location: Eugene, OR
Re: Saving to $10K
« Reply #1353 on: November 04, 2019, 10:13:49 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)
11/04/19: $31,707.48 (-$1,917.37)


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)
11/04/19: -$6,559 ($3,530)

Been cracking down on the spending this past month, and I am now on track to be worthless by the end of the year!

Trifele

  • Handlebar Stache
  • *****
  • Posts: 2477
  • Location: NC, US
Re: Saving to $10K
« Reply #1354 on: November 05, 2019, 05:57:17 AM »
Been cracking down on the spending this past month, and I am now on track to be worthless by the end of the year!

Crossing the Zero is huge, @TyGuy.  I started way in the hole due to student loans and I still remember the day I became worthless.  Great job -- you're almost there!   


DieHard_772

  • Bristles
  • ***
  • Posts: 394
  • Location: California
Re: Saving to $10K
« Reply #1355 on: November 06, 2019, 10:10:15 AM »
Congratulations to everyone making progress in their savings goals.

I used to be a regular on this thread, and have seen a lot of progress since:

10/26/17  Our Total Networth:  $11,303
9/15/18 Our Total Networth:  $21,470
11/5/19 Our Total Networth: $49,512

Perseverance pays off!

Moonwaves

  • Handlebar Stache
  • *****
  • Posts: 1151
  • Location: Germany
    • My blog
Re: Saving to $10K
« Reply #1356 on: November 07, 2019, 04:26:28 AM »
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.

BoI savings a/c: 150.00
DiBa ETF: 1,792.08
CmzBank savings a/c: 4,500.00
Total:  +6,442.08

Net: +6,442.08

And 1,150 in annual expenses/house maintenance. Down to just 150 in my travel savings but am just back from 10 days away, have paid for tickets to go back to Ireland at Christmas and have paid my registration, hotel, and train for my annual trip to Halle in February, so it's all good.


Imma

  • Handlebar Stache
  • *****
  • Posts: 2101
  • Location: Europe
Re: Saving to $10K
« Reply #1357 on: November 09, 2019, 05:39:29 AM »
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.

BoI savings a/c: 150.00
DiBa ETF: 1,792.08
CmzBank savings a/c: 4,500.00
Total:  +6,442.08

Net: +6,442.08

And 1,150 in annual expenses/house maintenance. Down to just 150 in my travel savings but am just back from 10 days away, have paid for tickets to go back to Ireland at Christmas and have paid my registration, hotel, and train for my annual trip to Halle in February, so it's all good.

Well done @Moonwaves ! You're doing great :)

jdhansen

  • 5 O'Clock Shadow
  • *
  • Posts: 25
Re: Saving to $10K
« Reply #1358 on: November 15, 2019, 05:02:32 PM »
Time to get back to tracking the savings and pushing on to that 10K goal.
In March 2019 had about $3,800 but after a rough run of health and many unforeseen medical expenses over the last 6 months time to start climbing out of the hole.

11/15/2019   $ -5671.56

Not fun to be reset but happy to have a healthy family again.  Plus DW and I have a plan to get us out of this hole and heading back towards the goal.  Hoping this thread helps us keep our focus and we will be ready to jump into the 100k thread in a year from now.

Trifele

  • Handlebar Stache
  • *****
  • Posts: 2477
  • Location: NC, US
Re: Saving to $10K
« Reply #1359 on: November 30, 2019, 11:56:38 AM »
I like the attitude @jdhansen!  You've got this.  Keep on chugging and you will get there.   

cari8285

  • Stubble
  • **
  • Posts: 211
Re: Saving to $10K
« Reply #1360 on: December 03, 2019, 08:27:49 AM »
November 2019
Credit card: $521.24
Car loan: $7,868.05
401K: $604.75

Net worth: -7,784.54

December 2019
Credit card: $208.72
Car loan: $7,719.02
401K: $1,072.31

Net worth: -6855.43 (+929.11)

Credit card will be completely paid off this month, and then I'll start throwing all excess money at that car loan. Woo!

ItsALongStory

  • Bristles
  • ***
  • Posts: 354
  • Location: Western US
Re: Saving to $10K
« Reply #1361 on: December 03, 2019, 09:10:25 AM »
Awesome progress @cari8285

Moonwaves

  • Handlebar Stache
  • *****
  • Posts: 1151
  • Location: Germany
    • My blog
Re: Saving to $10K
« Reply #1362 on: December 03, 2019, 09:13:21 AM »
Goddammit! Just checked my credit card balance online to make sure the payment had gone through and instead of plus twenty-ish euro (I rounded up the payment), it was minus almost ONE THOUSAND! Strange transaction for Ä998 has me questioning my sanity. I mean, I am sure I would remember buying something for that much but I'm still going round and round in my head wondering if I did accidentally order something I'm just not remembering.
Card has now been locked and I should get a new one in about a week. The credit card company has sent me an email with a form to fill out and then they will check with the vendor and, assuming the vendor can provide no proof of purchase, will refund me the money. I didn't think that was the way it worked, so now I'm anxious to see exactly what the form is that I have to fill out.
This is just exactly what I don't need. I am particularly hating my uncertainty - it's like I'm gaslighting myself!

cazio

  • Stubble
  • **
  • Posts: 106
Re: Saving to $10K
« Reply #1363 on: December 03, 2019, 04:14:39 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)
8/23/19 - $(11,219)
10/4/19 - $(12,227.77)
11/30/19 - $($15,648)

Life is really trying to kick me in the ass. New job ended unexpectedly last week (long story, it was a political "firing" to stick it to my coordinator) so instead of being 2 paychecks ahead, I'm now going to end up behind unless the next show starts up before January (50/50 chance). Quarter-life crisis is hitting hard both for me and my close friends. Oh, and I went to highly recommended dentist who basically told me my previous dentist did not so great work (as I guessed) and I have to get probably $10k+ worth of work done, of which my insurance will cover $2k max. I've always had bad teeth but ugh.

My EF hasn't been this low since college and I'm seriously running the risk of using all of it between the dentist and covering rent for December and potentially January. I'm trying not to stress but things are really not lining up for me. I've been adamant about never falling back on family for financial help but I'm really cutting it close this time and I think I'm going to run negative.

Right now just getting to negative 10k net worth seems out of reach!

Dicey

  • Senior Mustachian
  • ********
  • Posts: 11250
  • Age: 61
  • Location: NorCal
Re: Saving to $10K
« Reply #1364 on: December 04, 2019, 01:48:56 AM »
Goddammit! Just checked my credit card balance online to make sure the payment had gone through and instead of plus twenty-ish euro (I rounded up the payment), it was minus almost ONE THOUSAND! Strange transaction for Ä998 has me questioning my sanity. I mean, I am sure I would remember buying something for that much but I'm still going round and round in my head wondering if I did accidentally order something I'm just not remembering.
Card has now been locked and I should get a new one in about a week. The credit card company has sent me an email with a form to fill out and then they will check with the vendor and, assuming the vendor can provide no proof of purchase, will refund me the money. I didn't think that was the way it worked, so now I'm anxious to see exactly what the form is that I have to fill out.
This is just exactly what I don't need. I am particularly hating my uncertainty - it's like I'm gaslighting myself!
This happened to me once. Someone in Buffalo, NY had charged 150 stethoscopes to my CC.

Bank to Dicey: "Are you sure you didn't buy 180 stethoscopes?
Dicey to bank: "What would I do with even one?"

It was corrected in relatively short order. Hope yours is, too.

I'd like to believe it was some kind of altruistic medical Robin Hood, but I rather doubt it.

Dicey

  • Senior Mustachian
  • ********
  • Posts: 11250
  • Age: 61
  • Location: NorCal
Re: Saving to $10K
« Reply #1365 on: December 04, 2019, 01:56:07 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)
11/30/19 - $($15,648)

Life is really trying to kick me in the ass. New job ended unexpectedly last week (long story, it was a political "firing" to stick it to my coordinator) so instead of being 2 paychecks ahead, I'm now going to end up behind unless the next show starts up before January (50/50 chance). Quarter-life crisis is hitting hard both for me and my close friends. Oh, and I went to highly recommended dentist who basically told me my previous dentist did not so great work (as I guessed) and I have to get probably $10k+ worth of work done, of which my insurance will cover $2k max. I've always had bad teeth but ugh.

My EF hasn't been this low since college and I'm seriously running the risk of using all of it between the dentist and covering rent for December and potentially January. I'm trying not to stress but things are really not lining up for me. I've been adamant about never falling back on family for financial help but I'm really cutting it close this time and I think I'm going to run negative.

Right now just getting to negative 10k net worth seems out of reach!
Hang in there, @cazio, it will get better. Maybe look into dental tourism. Google "Los Algodones". 
Bad teeth due to heredity is not your fault.

TyGuy

  • 5 O'Clock Shadow
  • *
  • Posts: 33
  • Age: 25
  • Location: Eugene, OR
Re: Saving to $10K
« Reply #1366 on: December 08, 2019, 10:28:44 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)
11/04/19: $31,707.48 (-$1,917.37)
12/08/19: $30,043.85 (-$1,663.63)


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)
11/04/19: -$6,559 ($3,530)
12/08/19: -$1,673 ($4,886)

I'm so close to having a positive next worth, I should be there with the next paycheck thanks to some help from the stock market this past month! Excited to see what the new year brings for everyone here!

Yasha

  • 5 O'Clock Shadow
  • *
  • Posts: 59
Re: Saving to $10K
« Reply #1367 on: December 08, 2019, 01:52:14 PM »
I havenít posted in ages, because we had some expenses (both planned and unplanned) and we went backwards. Itís felt a bit like a roller coaster. When I finally stopped hiding my head in the sand yesterday and graphed it out, I can see why it felt like that!

(The big middle spike was a three pay month, with the equivalent three rent payments etc, not a windfall matched by lifestyle creep).


Back on the horse, determined not to let the expenses get the better of us! Mr is in the wedding party for a black tie wedding overseas, and already we ve spent more on it than on our own wedding (mostly because of flights). Weíve put our foot down and said we arenít paying for anything else for the wedding, and if they want him to wear matching cuff links or whatever they need to pay for it.

Clawed our way back to +6k... only another 2k until I can go back to colouring my tracker wall -_-
« Last Edit: December 08, 2019, 02:24:41 PM by Yasha »

Trifele

  • Handlebar Stache
  • *****
  • Posts: 2477
  • Location: NC, US
Re: Saving to $10K
« Reply #1368 on: December 09, 2019, 05:02:34 AM »
Great update @TyGuy!  Looks like Santa (a/k/a your past self) will have something very nice for you this year.  :)

Welcome back @Yasha!  Your charts are the best.  The wedding expenses are a one time bump in the road.  Keep on driving!

mactastic

  • 5 O'Clock Shadow
  • *
  • Posts: 5
Re: Saving to $10K
« Reply #1369 on: December 12, 2019, 12:45:00 PM »
Anyone mind if I join?

Currently structuring this as a goal to have make the amount we have in savings (spread across 10k e-fund, home downpayment fund, and a few various sub accounts I keep for planning purposes - gifts, car repairs, vet emergencies) more than the amount we owe in debt (one car loan and our student loans.) I'm not including retirement accounts or car values in my calculations, as I like playing the mental game with myself of "if I had to tomorrow, how much debt would be left with if we cleared out everything we had on hand?" Hope to cross the barrier to zero halfway through 2020, with a stretch goal of making it to +10k before the year is out.

I put my mileage check each month towards my car (usually 100-200 a month), and we're currently targeting the highest rate student loan ($5330/6.8%) with my husband's overtime pay. Hope to get at least this loan paid off in 2020, as it's the last one with an interest rate above 5%. Taking it one loan at a time, as the overall number is depressing, lol.

Sept 2019:
Starting Debt: $60,811.05    
Starting savings:  $46,123.39    
Where it stands: (-14,687.66)

December '19:
Debt: $57,540.39
Savings: $47,932.67
Where it stands: (-$9,607.72)

A little over 5k swing in three months! Sometimes it's encouraging to look at a bigger picture rather than the day-to-day.

Trifele

  • Handlebar Stache
  • *****
  • Posts: 2477
  • Location: NC, US
Re: Saving to $10K
« Reply #1370 on: December 12, 2019, 04:15:16 PM »
Welcome @mactastic !  You're making some great progress.  With that slay-the-debt work ethic you'll be crossing over into positive territory before you know it.   

Dicey

  • Senior Mustachian
  • ********
  • Posts: 11250
  • Age: 61
  • Location: NorCal
Re: Saving to $10K
« Reply #1371 on: December 13, 2019, 07:12:42 AM »
Welcome @mactastic !  You're making some great progress.  With that slay-the-debt work ethic you'll be crossing over into positive territory before you know it.   
What she said!

FYI no one has to ask to join this group. The more the merrier!