20 in 2020 Challenge: Save 20% of your income in 2020

2020 Final Check-in!

Income (Post-Tax)

  • Stimulus: $1800
  • Tax Refund: $603
  • Day Job #1: $34,889
  • Day Job #2: $5333.37
  • Day Job #3 Tips + Wages: $678
  • Oh My Dollar: $6,810.16
  • Assorted Random Income (Bank Interest, Rebates, Etc): $102.93
  • Podcast Studio: $599

Total Post-Tax Income All Sources: $50,820.43

Cash Savings: $24,473

Traditional IRA: $6000

Total Savings: $30,473 (60.4% Post-Tax)

6 Likes

–Final check-in for 2020–

Final numbers from just my pay. He made money this year, and a little went into his retirement funds, for that matter, but we did not spend all of my take-home; part of it and all of his is still in our regular bank accounts where I don’t usually count them as saved.
Income (pretax):

Total $201,084.40
PSLF $142,610.05
Salary $55,624.35
Overload teaching $2,800.00
Wellness credit $50.00

Savings:

Total $175,605.50
PSLF $142,610.05
Pension $3,505.45
Health Savings Account $6,350.00
457B $11,140.00
IRA/Spousal IRA for 2019, funded late February 2020 $12,000.00

Final percentage: 87.3%

8 Likes

Final Check-in
Debt payments (principal only): $275
Cash savings: $1,162.85
Roth IRA contribution: $250

Expected/estimated total 2020 pre-tax income: $56,000
Goal: $11,200

YTD debt payments (principal only): $9,683.77
YTD cash savings: $4,233.05
YTD Roth IRA contributions: $1,800
YTD Savings: $15,716.82
140% of goal
28% of expected pretax income saved!
Will need to see what I actually earned this year to do the final final calculation, but I’ll say that’s pretty darn good for someone who probably had no savings the previous year except for debt payment.

10 Likes

That is so good!!! Congrats <3

2 Likes

Badass!

This form was DM’d to folks, but please fill this out so I can send you the special, limited edition 20 in 2020 sticker:

Also, please @ me (@anomalily) if you should’ve gotten a badge and I missed it! It was not intentional!

1 Like