Year to date savings: (just what I put in as of 1/1/20. I refuse to look at my retirement accounts.)
401k: 1017.59
Moving fund: 2,600.65
E-fund: 1114.39
Total saved YTD: 4,732.63
20% of income = $12,600 (note: this is for before the pay cut that’s coming as of April 24 paycheck).
$7,867.37 to go!
Same. I have an old roth IRA that’s still at the institution where my checking account is, and I have been watching it tank. Don’t even wanna know what my vanguard one is doing.
Well, I went way over on discretionary again, but under on enough other categories (eg. gas) that it mostly evened out and I was able to use the COVID money and some birthday money to refill the sinking fund. And I’m going to count both COVID money and birthday money as income because it is the most honest.
So, April.
April:
Salary: $4,382
Other: $1,700 (COVID and birthday money)
Total Income: $6,082
Loan: $150
Reserve: $1,100
403b: $219
IRA: $1,000
Total Savings: $2,469
April Savings: 41%
2020 Savings: 44%
2020 Total: $10,176
Despite being halfway to $20,000 after four months, I still do not think I’ll actually get there by the end of the year. There is no reason to expect further four-figure inputs, and all the reason to expect four-figure outputs, plus additional expenses that will cut back on savings in the fall. I am debating about changing my withholding at work while I still have the brain-power to wrangle these things, so I could squeeze out a couple of paycheck increases before I also have insurance premium increases for another little bonus month in May, but more than likely I’ll roll all the work changes into one email when the time comes and just enjoy the bonus come next tax time instead.
YTD post-tax income including stimulus: $17,626.39
April post-tax income: $5,059.41 (2 jobs + Stimulus)
Cash Savings YTD: $9,495
Traditional IRA: $880
April Percentage: 50.3% of post tax income
YTD Percentage With Stimulus: 58.8% of post tax income
YTD Percentage Without Stimulus Spending: 63% of post tax income
??? of pre-tax income; will calculate end of year
I haven’t saved any of my stimulus, though some is waiting for future spending (not counted in savings total)- because I decided it was best to spend and donate it, not save it. I’m including both calculations for my “peace of mind”.
I’m in the same camp! The reason I have gotten this far is because I’ve been working two jobs, 65+ hours a week. I might actually die if I keep this up. But I am proud I got it this far.
That is pretty intense! I’ve just had bonus money rolling in which has all been front-loaded, which is a nice way to increase savings. Pretty soon it’s back to just my salary and regular savings pots.
April pre-tax income: $3090
April all saved: $743.32
24.1%, YAY!
I am ignoring my stimulus check completely for now. It is in my savings account, but since I have no idea what I will sell this year once going back to work, I may need to use it later.
April. Okayyyyyyy, so things were kind of weird this month (hahahaha), especially with the stimulus money, which I don’t plan on counting as income. The goal is to spend it, but I’m spreading it out so some of it is currently sitting in my savings account. But things kind of got jumbled together and I’m throwing up my hands at attempting to make sense of it all. So some of these numbers are estimates and that’s the best I can do this month.
$570 - 401K
$20 - Roth IRA
$200 - Emergency fund
$100 - Car fund
2020 annual savings running totals:
$2811 - 401K
$80 - Roth IRA
$970 - Emergency fund
$450 - Car fund
Total: $4,311 / $11,250 = 38% of the way there
I’m happy to report that I just pushed the button on our final debt and we have officially saved 20% of our pay in 2020! MISSION ACCOMPLISHED!
YTD post-tax income including stimulus : $21,859.83
May post-tax income: $4233.44 (3 jobs)
Cash Savings YTD: $11,665
Traditional IRA: $1,031.84
May Percentage: 64% of post tax income
YTD Percentage With Stimulus: 58% of post tax income
YTD Percentage Without Stimulus Spending: 61.4% of post tax income
??? of pre-tax income; will calculate end of year
May pre-tax income: $2472
May all saved: $646.21
26.1%, woo hoo!
It’s so quiet in this thread!
I can’t believe May is over already. But then again, what even is time right now? I’m giving up on trying to make heads or tails of spending my stimulus money vs savings vs whatever. I spent some money this month on various stuff and things. I donated some money. I’m just calling my cash savings zero and starting over with a clean slate in June.
$951 - 401K
$20 - Roth IRA
$0 - Emergency fund
$0 - Car fund
2020 annual savings running totals:
$3,762 - 401K
$100 - Roth IRA
$970 - Emergency fund
$450 - Car fund
Total: $5,282 / $11,250 = 47% of the way there. Ahead of schedule!!
Um so I don’t think I’ve posted any updates so far. Whoops! Well, here’s May!
Net Income
$3476.00- Paychecks (3 paycheck month)- this includes 4% 401k Match
$500- Bank bonus
Total- $3976.00
Savings:
$276- 401K
$100- Traditional IRA
$500 E Fund
$200 Car Fund
$1438.21- Debt Repayment
Total- $2514.21
Savings rate for May- 63% (but only because of the 3 paychecks, and extra bank bonus cash). I’m still really excited about this!
2020 annual savings running totals:
$1041 401K
$400 Traditional IRA
$800 E Fund
$300 Car fund
$3932.84 Debt Repayment
Total: $6473.84 / $12480 (30% of gross income+401k Match)- 51% of the way there!
ETA: I also calculated my debt repayment schedule, and I will be 100% debt free on October 16th! After 3 years of paying off piles of medical debt and other related expenses…woohoo!
Nothing financially exciting this month, so it’s back to the regular salary and savings amounts. For June I’ll see the effects of changing my health insurance and withholding amounts, as well as the effect of baby expenses category on the overall budget. At some point between now and September my work retirement match comes back, 2.5%, so I’ll have to decide whether to count that as income and savings–I was thinking no before, but now I’m thinking yes.
May:
Salary: $4,382
Total Income: $4,382
Loan: $150
Reserve: $600
403b: $219
IRA: $500
Total Savings: $1,469
May Savings: 34%
2020 Savings: 42%
2020 Total: $11,646
Year to date is what I calculated, and I’ve closed the site with electronic paystib, and it’s a pain to log back into, so YTD is what I’m posting.
33.46% of gross to retirement savings, Jan- May. That’s pension, 457b, and HSA. We’ll max the family HSA but nothing else because not enough income (probably- husband is bringing in some adjunct money now). Will re-evaluate after June and July, when i don’t get paid.
I may not have much to add here until the end of August when I get my next paycheck. I do become eligible for PSLF early in July and will definitely update if anything shakes loose there.
Well, I have no fragging clue what’s actually going on with my paycheck, as something doesn’t seem to have processed properly, but even worst case scenario, I don’t have to pull back out of savings to pay off the first chunk of fees for baby delivery. Good news–haven’t yet hit either of our OOP max. Bad news–haven’t yet hit either of our OOP max and more to come. I’m going to be traveling on the last day of June, so here are the month’s numbers a bit early.
June:
Salary: $4,382
Total Income: $4,382
Loan: $150
Reserve: $600
403b: $219
IRA: $500
Total Savings: $1,469
June Savings: 34%
2020 Savings: 41%
2020 Total: $13,115
Nothing too crazy in either income or savings. The next few weeks will likely be more medically expensive as the rest of the delivery and post-delivery fees come in, so I expect I’ll be drawing from savings in July.
June!!
YTD post-tax income including stimulus : $25,325.50
June post-tax income: $3,465.67 (3 jobs)
Cash Savings YTD: $12,811.64
Traditional IRA: $1,431.84
June Percentage: 61% of post tax income
YTD Percentage With Stimulus: 56% of post tax income
YTD Percentage Without Stimulus: 59% of post tax income
??? of pre-tax income; will calculate end of year
End of June!
I got a raise at work. Cool! It will almost be completely offset by my rent going up an extra $50/month for my new lease at the end of the summer. 
That’s super cool, especially in the middle of a pandemic.
Added this month:
$628 - 401K
$20 - Roth IRA
$150 - Emergency fund
$75 - Car fund
2020 annual savings running totals:
$4,390 - 401K
$120 - Roth IRA
$1,120 - Emergency fund
$525 - Car fund
Total: $6,155 / $11,250 = 54% of the way there.
In other news, we’re halfway through the year and I’ve spent $67 in my eating out/alcohol category. 
hello!! I think I should be allowed to join this challenge based on the fact that I have just joined the forums. I have a really strange income in that I don’t really know how much I have coming in, but I don’t ~really~ need to spend that much on basic living expenses. So right now I am estimating my total gross income at $6,000 with a savings amount at $1200. I have… $250 in savings right now because I accidentally used my savings account to pay off my credit card bill(s). (So already more than 10% of the way there!)
I know you’re in it for the special sticker and I approve 