Author Topic: Saving to $10K  (Read 462555 times)

la Condessa

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Re: Saving to $10K
« Reply #1600 on: August 18, 2021, 08:53:08 AM »
$3,500 EF in savings account

$7,517.95 in Roth IRA

$94.48 in Robinhood

=$11,112.43 total

Time for the next thread?

Trifle

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Re: Saving to $10K
« Reply #1601 on: August 18, 2021, 08:56:23 AM »
Yeah!!!  Congrats @la Condessa !!

Hop on over to that next thread.

Dicey

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Re: Saving to $10K
« Reply #1602 on: August 18, 2021, 10:44:29 AM »
Congratulations! I love to see progress on this thread. Go, go, go!

keepingfocus

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Re: Saving to $10K
« Reply #1603 on: October 01, 2021, 08:04:57 AM »
Progress from March 2019 - September 2021 on gross income of £43k
Counting my pension contributions but not my employer's contributions
Consumer debt: was £25585 now £3225 0

Big picture -
Mar 2019: -£25325/£10000
May 2021: £6324.59/£10000
Sept 2021: £12051/£10000

Whoop, I sneaked across the line without noticing! :D

jeroly

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Re: Saving to $10K
« Reply #1604 on: October 01, 2021, 12:24:02 PM »
Progress from March 2019 - September 2021 on gross income of £43k
Counting my pension contributions but not my employer's contributions
Consumer debt: was £25585 now £3225 0

Big picture -
Mar 2019: -£25325/£10000
May 2021: £6324.59/£10000
Sept 2021: £12051/£10000

Whoop, I sneaked across the line without noticing! :D
A. Congratulations!
B. Those employer contributions definitely should be counted (if they've already vested)!

keepingfocus

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Re: Saving to $10K
« Reply #1605 on: October 01, 2021, 12:52:52 PM »
A. Congratulations!
B. Those employer contributions definitely should be counted (if they've already vested)!

Thank you! For the purposes of this thread I decided to only count what I've contributed myself.

Moonwaves

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Re: Saving to $10K
« Reply #1606 on: October 02, 2021, 06:03:20 AM »
Progress from March 2019 - September 2021 on gross income of £43k
Counting my pension contributions but not my employer's contributions
Consumer debt: was £25585 now £3225 0

Big picture -
Mar 2019: -£25325/£10000
May 2021: £6324.59/£10000
Sept 2021: £12051/£10000

Whoop, I sneaked across the line without noticing! :D
Good for you!

Imma

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Re: Saving to $10K
« Reply #1607 on: October 02, 2021, 09:50:35 AM »
Congrats @keepingfocus ! Especially on getting rid of 25k of consumer debt!! I'm sure that's been a life-changing experience.

@Moonwaves how are you doing??


Moonwaves

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Re: Saving to $10K
« Reply #1608 on: October 22, 2021, 05:22:09 AM »
@Imma I have totallly lost the plot when it comes to money and am trying to rein things in again.

In positive-ish news, I did finally set up online access to my German "Riesterrente" account, so I can check how that's doing at any time now. And I finally got in touch with my accountant and sent him everything he needs to do my 2019 tax return, which is horribly overdue. Here's hoping the threat of an up to €25,000 fine in that letter from the tax office was just bureaucratic hyberbole. But the whole situation is sort of indicative of how money things have been going in general really. I'm working on it. And at least looking for the 2019 documents means I also found most of the 2020 documents, so that will be done very soon, too.

I did have a really lovely two weeks in Ireland, though with lots of badly-needed reconnecting with family and friends.

LobsterLuke

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Re: Saving to $10K
« Reply #1609 on: October 23, 2021, 07:59:00 PM »
Hey! Super new to all of this but I'm sitting at $6,400 saved as of yesterday. Gotta have $10,000 before you have $1,000,000. Let's go.

Trifle

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Re: Saving to $10K
« Reply #1610 on: October 24, 2021, 06:59:44 AM »
Hey! Super new to all of this but I'm sitting at $6,400 saved as of yesterday. Gotta have $10,000 before you have $1,000,000. Let's go.

Welcome aboard @LobsterLuke!  You got that right buddy.

There's a ton of good information in the forum.  Have you already checked out the "Shockingly Simple Math" post, and the JL Collins Stock Series?  Those are great places to start.   

https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/
https://jlcollinsnh.com/stock-series/

LobsterLuke

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Re: Saving to $10K
« Reply #1611 on: October 24, 2021, 09:17:24 AM »
Hey! Super new to all of this but I'm sitting at $6,400 saved as of yesterday. Gotta have $10,000 before you have $1,000,000. Let's go.

Welcome aboard @LobsterLuke!  You got that right buddy.

There's a ton of good information in the forum.  Have you already checked out the "Shockingly Simple Math" post, and the JL Collins Stock Series?  Those are great places to start.   

https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/
https://jlcollinsnh.com/stock-series/

Thank you for these recommendations! Looking forward to checking out JL Collins now.

Moonwaves

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Re: Saving to $10K
« Reply #1612 on: October 26, 2021, 09:03:28 AM »
@Imma I have totallly lost the plot when it comes to money and am trying to rein things in again.

In positive-ish news, I did finally set up online access to my German "Riesterrente" account, so I can check how that's doing at any time now. And I finally got in touch with my accountant and sent him everything he needs to do my 2019 tax return, which is horribly overdue. Here's hoping the threat of an up to €25,000 fine in that letter from the tax office was just bureaucratic hyberbole. But the whole situation is sort of indicative of how money things have been going in general really. I'm working on it. And at least looking for the 2019 documents means I also found most of the 2020 documents, so that will be done very soon, too.

I did have a really lovely two weeks in Ireland, though with lots of badly-needed reconnecting with family and friends.
Having said all that, the market tipped me over into the next "thousand" in investments today. So, my ETF account is currently worth €5,011.62. Recording here for posterity.

LobsterLuke

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Re: Saving to $10K
« Reply #1613 on: November 19, 2021, 07:04:37 PM »
Just wanted to come in here and celebrate today's win: $7,000 in savings! I've been putting away $600-$700 per month and I'm super excited to hit this little milestone. I feel like I'm building a shield between me and chaos.

TyGuy

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Re: Saving to $10K
« Reply #1614 on: November 22, 2021, 10:43:21 AM »
Just wanted to come in here and celebrate today's win: $7,000 in savings! I've been putting away $600-$700 per month and I'm super excited to hit this little milestone. I feel like I'm building a shield between me and chaos.

You have a sturdy shield, soon you will have a fortress!

comicguy

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Re: Saving to $10K
« Reply #1615 on: November 24, 2021, 05:24:22 AM »
I am only going to include my robinhood and credit card round up account to see how long it takes to grow these to the 10,000+. Robinhood is funded by drips and drabs as there is "extra money" available each week.

As of:
11/24/21  Round up 432.20  Robinhood 1648.09  Total 2080.29



LobsterLuke

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Re: Saving to $10K
« Reply #1616 on: December 03, 2021, 08:12:33 AM »
Payday for Job #1 today! $7300 of $10,000 saved. Feels like more of a baby step than a jump, but I'll be pretty stoked when I get to $8,000.

comicguy

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Re: Saving to $10K
« Reply #1617 on: December 22, 2021, 03:44:52 AM »
A quick update

As of:
11/24/21  Round up 432.20  Investment 1648.09  Total 2080.29
12/22/21  Round Up 533.08  Investment 7604.07  Total 8137.15

The big jump this month was a one time unexpected windfall of 5K that I just dumped into our investment account

Dicey

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Re: Saving to $10K
« Reply #1618 on: December 22, 2021, 07:25:33 AM »
A quick update

As of:
11/24/21  Round up 432.20  Investment 1648.09  Total 2080.29
12/22/21  Round Up 533.08  Investment 7604.07  Total 8137.15

The big jump this month was a one time unexpected windfall of 5K that I just dumped into our investment account
Sweet! That's the mustachian way to do it!

comicguy

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Re: Saving to $10K
« Reply #1619 on: January 26, 2022, 04:10:20 AM »

A quick update

As of:
11/24/21  Round up 432.20  Investment 1648.09  Total 2080.29
12/22/21  Round Up 533.08  Investment 7604.07  Total 8137.15

01/26/22  Round Up 642.33  Investment 9911.44  Total 10553.77

Looks like I am heading up to the next level now!


Dicey

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Re: Saving to $10K
« Reply #1620 on: January 26, 2022, 04:13:26 AM »
Congratulations!

Moonwaves

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Re: Saving to $10K
« Reply #1621 on: January 26, 2022, 05:02:19 AM »
Congratulations @comicguy, that's great!

I have gone backwards and then a bit further backwards and have been struggling to get things under control again. Some medical expenses that I likely won't be reimbursed for, some tax stuff that has to be sorted out but I paid some of to at least stop interest and penalties while it is being sorted. Ongoing delays with one side-gig client - I do get paid in full, it's just taking ages to get things through the system. And a whole lot of just careless spending. Just like in the old days, although not quite as bad.

After all that things currently stand at not quite net worth above zero, which is somewhat dispiriting. I'm back to basics, no-spend days and all.

Loan: 7,636.33
BoI savings: 5.00
DiBa ETF: 5,211.70
CmzBank savings a/c: 1,200.00
Total:  -1,219.63


Trifle

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Re: Saving to $10K
« Reply #1622 on: January 26, 2022, 05:54:20 AM »
Congratulations @comicguy !!  Well done.  Time to hop on over to the next thread.

Good job to get back to basics @Moonwaves.  That's what will get you there!

Manchester

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Re: Saving to $10K
« Reply #1623 on: January 26, 2022, 07:34:47 AM »
Congratulations @comicguy, that's great!

I have gone backwards and then a bit further backwards and have been struggling to get things under control again. Some medical expenses that I likely won't be reimbursed for, some tax stuff that has to be sorted out but I paid some of to at least stop interest and penalties while it is being sorted. Ongoing delays with one side-gig client - I do get paid in full, it's just taking ages to get things through the system. And a whole lot of just careless spending. Just like in the old days, although not quite as bad.

After all that things currently stand at not quite net worth above zero, which is somewhat dispiriting. I'm back to basics, no-spend days and all.

Loan: 7,636.33
BoI savings: 5.00
DiBa ETF: 5,211.70
CmzBank savings a/c: 1,200.00
Total:  -1,219.63

The fact you're still posting in this thread speaks volumes about your character.  You have the knowledge to reach FIRE.  You're holding yourself accountable. 

As you said, get back to the basics.  Try and remain disciplined.  You'll be onto the race to 100k before you know it.

Imma

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Re: Saving to $10K
« Reply #1624 on: February 02, 2022, 02:53:00 PM »
Congratulations @comicguy, that's great!

I have gone backwards and then a bit further backwards and have been struggling to get things under control again. Some medical expenses that I likely won't be reimbursed for, some tax stuff that has to be sorted out but I paid some of to at least stop interest and penalties while it is being sorted. Ongoing delays with one side-gig client - I do get paid in full, it's just taking ages to get things through the system. And a whole lot of just careless spending. Just like in the old days, although not quite as bad.

After all that things currently stand at not quite net worth above zero, which is somewhat dispiriting. I'm back to basics, no-spend days and all.

Loan: 7,636.33
BoI savings: 5.00
DiBa ETF: 5,211.70
CmzBank savings a/c: 1,200.00
Total:  -1,219.63

I remember you writing about struggling a few months back, and it seems you're still in that situation. I'm so sorry to hear that, but @Manchester is right. You being aware of what's going on is going to make all the difference. And it's good to see you still have savings, even though your net worth is just a little bit in the red.

I've also dealt with a lot of medical expenses in the past and (I'm not sure if this applies to you or not) when I'm struggling with health issues I often spend more on things that will make my life a bit easier.

Hopefully your client will pay you soon and the tax stuff will be sorted.

LobsterLuke

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Re: Saving to $10K
« Reply #1625 on: February 07, 2022, 08:49:29 PM »
Payday for Job #1 today! $7300 of $10,000 saved. Feels like more of a baby step than a jump, but I'll be pretty stoked when I get to $8,000.

Been really aggressive with cutting costs and earning more, so I'm sitting at $7850 saved as of today!!! $10,000 here we come!

(I'd actually have $1500 more saved, but in January I paid for my last semester of college tuition - one senior capstone course - and will graduate debt free) Moving back in with your parents at 27 feels pretty lame, but I've managed to get completely out of debt and build this little 'stache for myself, so I'm super grateful for that. Looking forward to getting back out on my own at graduation, without any debt. 30-year-old me will be so grateful for this, haha.

Trifle

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Re: Saving to $10K
« Reply #1626 on: February 08, 2022, 03:01:13 AM »
Been really aggressive with cutting costs and earning more, so I'm sitting at $7850 saved as of today!!! $10,000 here we come!

(I'd actually have $1500 more saved, but in January I paid for my last semester of college tuition - one senior capstone course - and will graduate debt free) Moving back in with your parents at 27 feels pretty lame, but I've managed to get completely out of debt and build this little 'stache for myself, so I'm super grateful for that. Looking forward to getting back out on my own at graduation, without any debt. 30-year-old me will be so grateful for this, haha.

Well done @LobsterLuke!  That is huge.  So smart.  Your 40 and 50 and 60 year old self will also thank you!!

Are you sticking around in your hometown, or looking for jobs elsewhere? 

LobsterLuke

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Re: Saving to $10K
« Reply #1627 on: February 09, 2022, 06:13:41 AM »
Been really aggressive with cutting costs and earning more, so I'm sitting at $7850 saved as of today!!! $10,000 here we come!

(I'd actually have $1500 more saved, but in January I paid for my last semester of college tuition - one senior capstone course - and will graduate debt free) Moving back in with your parents at 27 feels pretty lame, but I've managed to get completely out of debt and build this little 'stache for myself, so I'm super grateful for that. Looking forward to getting back out on my own at graduation, without any debt. 30-year-old me will be so grateful for this, haha.

Well done @LobsterLuke!  That is huge.  So smart.  Your 40 and 50 and 60 year old self will also thank you!!

Are you sticking around in your hometown, or looking for jobs elsewhere?

Thank you! And that's a good question; I'm probably going to stay here in Dallas-Fort Worth. What an amazing job market to graduate into.

LobsterLuke

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Re: Saving to $10K
« Reply #1628 on: February 11, 2022, 06:50:36 AM »
$8200 saved, sooo close, almost there! This is the highest my net worth has ever been!

Sent from my SM-G965U using Tapatalk


BiscuitsandGuy

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Re: Saving to $10K
« Reply #1629 on: February 16, 2022, 08:27:11 AM »
Soooo…brand new here. Am I in the right place starting with a negative nw?

As of February 2022, -104,375.  Bulk of debt is student loans and mortgage, bulk of assets are 401k and some home equity.

Lots (and lots and lots) of work to do.

Trifle

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Re: Saving to $10K
« Reply #1630 on: February 16, 2022, 09:20:43 AM »
Soooo…brand new here. Am I in the right place starting with a negative nw?

As of February 2022, -104,375.  Bulk of debt is student loans and mortgage, bulk of assets are 401k and some home equity.

Lots (and lots and lots) of work to do.

Welcome to the forum @BiscuitsandGuy -- yes you've landed in a good place.  Lots of us started far in the negative.  You're on your way, just keep on keeping on. 

mckaylabaloney

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Re: Saving to $10K
« Reply #1631 on: February 16, 2022, 10:22:05 AM »
Welcome to the newbies! I'm excited to watch your progress. Yes, you're in the right place @BiscuitsandGuy. @Trifele is exactly right: plenty of people in this thread, and graduates from this thread, started six figures in the negative. You can check my post history for an example :) One day at a time!

LobsterLuke

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Re: Saving to $10K
« Reply #1632 on: February 16, 2022, 11:02:08 AM »
Soooo…brand new here. Am I in the right place starting with a negative nw?

As of February 2022, -104,375.  Bulk of debt is student loans and mortgage, bulk of assets are 401k and some home equity.

Lots (and lots and lots) of work to do.
Welcome aboard! I'm super excited to watch your journey to $10k. You'll be there in no time.

Sent from my SM-G965U using Tapatalk


LobsterLuke

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Re: Saving to $10K
« Reply #1633 on: February 22, 2022, 07:07:42 PM »
$8200 saved, sooo close, almost there! This is the highest my net worth has ever been!

Sent from my SM-G965U using Tapatalk

$8700 saved! This is super motivating because every dollar I add to my 'stache is another personal record for the highest net worth I've ever had :D I think I can hit $10k in March if things go to plan.

Serendip

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Re: Saving to $10K
« Reply #1634 on: February 22, 2022, 07:48:27 PM »
Congrats @LobsterLuke —amazing!!

LobsterLuke

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Re: Saving to $10K
« Reply #1635 on: March 04, 2022, 09:32:34 AM »
Thank you!

With the these past few weeks of saving and the arrival of my tax return, I've reached $12,100 saved :)

I really appreciate the encouragement I've received from this thread and will see y'all in the race to 100K thread!

Moonwaves

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Re: Saving to $10K
« Reply #1636 on: March 04, 2022, 10:40:14 AM »
Thank you!

With the these past few weeks of saving and the arrival of my tax return, I've reached $12,100 saved :)

I really appreciate the encouragement I've received from this thread and will see y'all in the race to 100K thread!
Well done! Congratulations and enjoy the next race!

Congratulations @comicguy, that's great!

I have gone backwards and then a bit further backwards and have been struggling to get things under control again. Some medical expenses that I likely won't be reimbursed for, some tax stuff that has to be sorted out but I paid some of to at least stop interest and penalties while it is being sorted. Ongoing delays with one side-gig client - I do get paid in full, it's just taking ages to get things through the system. And a whole lot of just careless spending. Just like in the old days, although not quite as bad.

After all that things currently stand at not quite net worth above zero, which is somewhat dispiriting. I'm back to basics, no-spend days and all.

Loan: 7,636.33
BoI savings: 5.00
DiBa ETF: 5,211.70
CmzBank savings a/c: 1,200.00
Total:  -1,219.63


Some progress.

Loan: -7,491.28
BoI savings: 31.00
DiBa ETF: 5,301.80
CmzBank savings a/c: 1,300.06
Total:  -858.42

Imma

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Re: Saving to $10K
« Reply #1637 on: March 04, 2022, 11:02:05 AM »
Thank you!

With the these past few weeks of saving and the arrival of my tax return, I've reached $12,100 saved :)

I really appreciate the encouragement I've received from this thread and will see y'all in the race to 100K thread!
Well done! Congratulations and enjoy the next race!

Congratulations @comicguy, that's great!

I have gone backwards and then a bit further backwards and have been struggling to get things under control again. Some medical expenses that I likely won't be reimbursed for, some tax stuff that has to be sorted out but I paid some of to at least stop interest and penalties while it is being sorted. Ongoing delays with one side-gig client - I do get paid in full, it's just taking ages to get things through the system. And a whole lot of just careless spending. Just like in the old days, although not quite as bad.

After all that things currently stand at not quite net worth above zero, which is somewhat dispiriting. I'm back to basics, no-spend days and all.

Loan: 7,636.33
BoI savings: 5.00
DiBa ETF: 5,211.70
CmzBank savings a/c: 1,200.00
Total:  -1,219.63


Some progress.

Loan: -7,491.28
BoI savings: 31.00
DiBa ETF: 5,301.80
CmzBank savings a/c: 1,300.06
Total:  -858.42

Well done!! Not "some" progress. That's a significant increase in net worth, like 30%! And both your savings account and your investment account are up, it's not just loan payments.

Moonwaves

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Re: Saving to $10K
« Reply #1638 on: March 04, 2022, 11:17:38 AM »
Well done!! Not "some" progress. That's a significant increase in net worth, like 30%! And both your savings account and your investment account are up, it's not just loan payments.
This is true. No matter what, I am still ploughing money into savings and investments every month. Those €50 payments do add up eventually.

My other bit of progress, which I forgot to mention, is that I've started filling my cash envelopes. This was helped by getting cash back from a friend that I had paid something for, which gave me a bit of a head start. Even if one or two of those envelopes only have a couple of coins in them, it's a start. February didn't quite go according to plan but I'm not feeling discouraged at the moment at all. Being stuck at home with the dreaded 'rona is certainly a help when it comes to avoiding spending. 

mckaylabaloney

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Re: Saving to $10K
« Reply #1639 on: March 04, 2022, 12:19:49 PM »
Congrats @LobsterLuke!

@Moonwaves you're getting so close to that sweet sweet milestone of being worthless :) Hope you're feeling better.

getsorted

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Re: Saving to $10K
« Reply #1640 on: August 23, 2022, 08:23:49 AM »
I think I want to join in, but what do we mean by $10k here? Saving? Net worth? Retirement savings? Depending on how we define things, I may or may not belong here.

Moonwaves

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Re: Saving to $10K
« Reply #1641 on: August 23, 2022, 08:36:46 AM »
I think I want to join in, but what do we mean by $10k here? Saving? Net worth? Retirement savings? Depending on how we define things, I may or may not belong here.
The joy of these threads is that you get to define your own, er, definition. :-D

For me, it's cash and investment savings but the cash doesn't include my current account for monthly outgoings or the account I use to save for annual expenses/sinking funds. Cash is a savings account that I have my emergency fund in.

If I ever make it properly into the 10k to 100k thread, you'd better believe I'll start including my pension accounts in my total. LOL

Manchester

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Re: Saving to $10K
« Reply #1642 on: August 24, 2022, 06:45:45 AM »
I think I want to join in, but what do we mean by $10k here? Saving? Net worth? Retirement savings? Depending on how we define things, I may or may not belong here.

I used this thread to to track progress getting my N/W to £10k. 

If you want to do savings, N/W, retirement savings or whatever, go for it...  It's not that strict - just a good way to keep you motivated no matter your goal.

Manchester

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Re: Saving to $10K
« Reply #1643 on: August 24, 2022, 06:46:54 AM »
I think I want to join in, but what do we mean by $10k here? Saving? Net worth? Retirement savings? Depending on how we define things, I may or may not belong here.
The joy of these threads is that you get to define your own, er, definition. :-D

For me, it's cash and investment savings but the cash doesn't include my current account for monthly outgoings or the account I use to save for annual expenses/sinking funds. Cash is a savings account that I have my emergency fund in.

If I ever make it properly into the 10k to 100k thread, you'd better believe I'll start including my pension accounts in my total. LOL

How are you getting on nowadays @Moonwaves - you haven't posted progress recently.  I hope you're moving in the right direction?

Moonwaves

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Re: Saving to $10K
« Reply #1644 on: August 25, 2022, 12:23:25 AM »
How are you getting on nowadays @Moonwaves - you haven't posted progress recently.  I hope you're moving in the right direction?
I was for a while and then the wheels came off again. Struggling to get back on course but doing my best. Having a bit of a depressive episode at the moment, which it took me a couple of months to recognise. It's very annoying how no matter how well-acquainted I am with the whole thing, it can still creep up on me by surprise. I've been trying to pick up some of my CBT tools in the last couple of weeks to help and I will get there eventually.
Thanks for asking.

Edited to add: In what feels like something that may be ironic (that song messed up my head so now I can never remember if I'm using that word correctly or not) to have to admit in this particular corner of the internet, I've realised that a pretty sure sign that I'm stuck in a depression is when I start thinking about all the things I would do if I ever won the lottery. I mean, I rarely play it anymore, perhaps a couple of line once or twice a year. But if I ever do, I have lots of plans ready and waiting, so I suppose it's not all bad. :-)  And of course, when I do manage to recover, it gives me lots of food for thought in trying to figure out what was the thing I was trying to get with those plans, and whether or how I can get the same thing without actually having to spend a bunch of lottery winnings.
« Last Edit: August 25, 2022, 12:33:25 AM by Moonwaves »

Manchester

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Re: Saving to $10K
« Reply #1645 on: August 25, 2022, 06:21:47 AM »
How are you getting on nowadays @Moonwaves - you haven't posted progress recently.  I hope you're moving in the right direction?
I was for a while and then the wheels came off again. Struggling to get back on course but doing my best. Having a bit of a depressive episode at the moment, which it took me a couple of months to recognise. It's very annoying how no matter how well-acquainted I am with the whole thing, it can still creep up on me by surprise. I've been trying to pick up some of my CBT tools in the last couple of weeks to help and I will get there eventually.
Thanks for asking.

Edited to add: In what feels like something that may be ironic (that song messed up my head so now I can never remember if I'm using that word correctly or not) to have to admit in this particular corner of the internet, I've realised that a pretty sure sign that I'm stuck in a depression is when I start thinking about all the things I would do if I ever won the lottery. I mean, I rarely play it anymore, perhaps a couple of line once or twice a year. But if I ever do, I have lots of plans ready and waiting, so I suppose it's not all bad. :-)  And of course, when I do manage to recover, it gives me lots of food for thought in trying to figure out what was the thing I was trying to get with those plans, and whether or how I can get the same thing without actually having to spend a bunch of lottery winnings.

That's a really interesting second paragraph.

What do you imagine doing if you won the lottery?  Sometimes it's good to look at those dreams and break down why they appeal to you.  It might be traveling the world or buying a luxury mansion.  Then ask WHY you want that. 

I think you'll gain a lot of satisfaction working towards these dreams without having all that money.  But it's human nature to make excuses and put hurdles (like infinite sources of money) in our way before we try and attain those dreams.

Be realistic about it, but what would your perfect life look like today?  Why can't you work towards that?


Moonwaves

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Re: Saving to $10K
« Reply #1646 on: August 25, 2022, 06:30:57 AM »
How are you getting on nowadays @Moonwaves - you haven't posted progress recently.  I hope you're moving in the right direction?
I was for a while and then the wheels came off again. Struggling to get back on course but doing my best. Having a bit of a depressive episode at the moment, which it took me a couple of months to recognise. It's very annoying how no matter how well-acquainted I am with the whole thing, it can still creep up on me by surprise. I've been trying to pick up some of my CBT tools in the last couple of weeks to help and I will get there eventually.
Thanks for asking.

Edited to add: In what feels like something that may be ironic (that song messed up my head so now I can never remember if I'm using that word correctly or not) to have to admit in this particular corner of the internet, I've realised that a pretty sure sign that I'm stuck in a depression is when I start thinking about all the things I would do if I ever won the lottery. I mean, I rarely play it anymore, perhaps a couple of line once or twice a year. But if I ever do, I have lots of plans ready and waiting, so I suppose it's not all bad. :-)  And of course, when I do manage to recover, it gives me lots of food for thought in trying to figure out what was the thing I was trying to get with those plans, and whether or how I can get the same thing without actually having to spend a bunch of lottery winnings.

That's a really interesting second paragraph.

What do you imagine doing if you won the lottery?  Sometimes it's good to look at those dreams and break down why they appeal to you.  It might be traveling the world or buying a luxury mansion.  Then ask WHY you want that. 

I think you'll gain a lot of satisfaction working towards these dreams without having all that money.  But it's human nature to make excuses and put hurdles (like infinite sources of money) in our way before we try and attain those dreams.

Be realistic about it, but what would your perfect life look like today?  Why can't you work towards that?
That's what I was getting at with my last sentence. Today my perfect life would look like one where I didn't have to use up all of my energy just to go through the motions of getting up, clean, dressed and to work. This phase will pass, and I am actively (to the extent possible) working on getting better. When the depression has lifted somewhat, then the dreams/fantasies do give me lots of food for thought on what it is I want to have in my life and how to get it now, without the millions of a big lottery win. But for now, I'm more in survival mode than anything else.

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Re: Saving to $10K
« Reply #1647 on: August 25, 2022, 03:39:46 PM »
Okay, I have decided that I belong in this thread. Aiming for $10,000 between savings and investments, minus debts. Can I make it by year-end??

Debt:                  ($6,539)  (HELOC @ 5.25%)
Emergency Fund:  $7,000
401(k):                $7,156

----

Total: $7,617.

I will be losing the ability to contribute to the 401(k) for the next year as I'm changing jobs, which sucks, but I will focus on accumulating in a Roth IRA after I've paid off the HELOC and funded a new HSA.

cazio

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Re: Saving to $10K
« Reply #1648 on: November 08, 2022, 10:30:40 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)
12/27/19 - $(12,288)
1/27/20 - $(17,036)
4/17/20- $(14,394.54)
11/8/22 - $(3116.05)

Looking at my old finances here put some things in perspective for me. At long last, I am back again. A ton has changed in the past two years, but my net worth (not including my mortgage) still isn't positive. Time to change that! Hoping to get positive very soon, as my student loans will be gone with the debt relief, and I'll actually get refunded almost $4k. Hoping to only have a short stint here (though technically it's been 4 years), and get on track for the $10k-$100k thread!



cazio

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Re: Saving to $10K
« Reply #1649 on: November 24, 2022, 06:31:56 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)
12/27/19 - $(12,288)
1/27/20 - $(17,036)
4/17/20- $(14,394.54)
11/8/22 - $(3116.05)
11/24/22 - $(63.66)

proud of this number. got slammed with expenses this month but at the end of the day still had money to save (though this is a bit skewed, because my last number didn't include a savings account i forgot to include).