I know I will be, just need to make an updated post with numbers.
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End of November!
Hit 5 digits worth of savings for the year this month - hooray!! I did not sock away as much cash as I hoped, but that’s just how these things go sometimes.
Added this month:
$584 - 401K
$30 - Roth IRA
$50 - Emergency fund
$0 - Car fund
2020 annual savings running totals:
$7,775 - 401K
$240 - Roth IRA
$1,870 - Emergency fund
$700 - Car fund
Total: $10,585 / $11,250 = 94% of the way there. The finish line is in sight!
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Ok here are the final numbers (I added my next pay contributions to get me complete).
Post tax income: $79,270
Mortgage principle - 25,505 - 32%
RRSP- 17,928 - 22.6%
TFSA- 6,200 - 7.8%
Non-registered saving - 5986 + QT 8000 - 17.6%
Savings accounts for intentional spend - 6000 - 7.5%
I had an 87.5% savings rate for the year, which blows my mind. I can’t wait for the house to be paid off next year. No travel helped, and opening the QT account made a difference because I try to add a bit extra this year when I could to buy a few extra shares (I would buy 4 if that’s all I had money for). I also spent less on fuel for the car because of COVID. I have said it before, but also having $ taken off my pay or direct the day my pay hits my account is a huge help because I don’t know I have it.
Next year will be spendy (deck, maybe a new vehicle but fingers crossed not) so it’s nice to have a good saving year.
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I’m almost certain I’m there due to how much debt I’ve paid off 
and I’ve decently saved besides, but I need to calculate and do a tad bit of estimation for total income since I’m either hourly or per gig depending on the job. Putting a note to run numbers, even if just roughly, this weekend!
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Okie dokie, all. It all just changed today. @anomalily and I discussed back in January how to handle it if I got PSLF before the end of the year, and today it happened. So, all the numbers will change.
Final paycheck is 12/31, but I can run the numbers as of now.
Income:
| Total | $194,488.50 |
|---|---|
| PSLF | $142,610.05 |
| Salary | $49,728.45 |
| Overload teaching | $2,100.00 |
| Wellness credit | $50.00 |
Savings:
| Total | $160,774.75 |
|---|---|
| PSLF | $142,610.05 |
| Pension | $3,109.70 |
| Health Savings Account | $5,715.00 |
| 457B | $9,340.00 |
So, with December still outstanding, that’s a 82.7% savings rate. You can give me a badge if you want to, but I’m keeping the unicorn as my descriptor!
Question: what are we doing with employer contributions? I’ve been ignoring them entirely, but the college pays more into my pension fund than I do.
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Congratulations! And especially on being a unicorn!
I count employer contributions to retirement as income and savings both.
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I may need to redo - can do with December’s paycheck since it’ll all be right there.
My gross income was/will turn out to have been higher than I thought this year – I forgot to add in the stimulus check, the small amount of unemployment I received when hours were way cut for a bit early in the pandemic, and then I just got my holiday bonus yesterday. This is a slight estimate as I’m still waiting for a final paycheck this month from both jobs, but I’m putting my totals as follows:
Gross earnings: ~41150
Total savings: ~14600
Savings rate: just over 35%
It was a bit hard to calculate my savings because I have multiple savings accounts, some of which I set up this year, and in March I consolidated some but not all of my credit cards, so it’s a bit of a mess, my budget spreadsheet isn’t set up to make this easy to calculate, but I think it’s pretty accurate!
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Sorry for all the badge chaos…I should stop trying to admin from my phone! You now have a badge!!!
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We did it! I will need to break down the categories once I get mr krmit’s final paycheck for the year into my spreadsheet, but we saved somewhere in the range of 27% of gross income.
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Well, I’ll be damned.
In 2020, I saved $20,566.04.
My 20% goal was $12,600… EXCEPT that is more than 20% of my 2020 income because I was partially furloughed from, what, mid-Aprilish to mid-Augustish and took a pay cut. I’d have to sit down and figure out how many paychecks were smaller, or, y’know, just wait for my tax documents as that is less work.
So I did WAY better than anticipated given what a shit year this was, given that for 4-ish months I had a paycut and for 6-ish months we were a one-income household.
I am kind of shocked, honestly.
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I gave you the $20,000 badge! CONFREAKINGGRATS!!!
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Thank you!! 
I am… confused as to how this happened. I’ve been sloppy about tracking my spending this year, instead running around and going AAAAAAAAA every time I see a credit card bill which is almost entirely groceries/household needs/cat items/coffee. And then tossing whatever I have left over into savings. And not tracking that either, really.
Hm, maybe I should try actually tracking things in 2021?! Crazy talk! 
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Last numbers are in, total savings rate: 26.8%, broken down as follows:
Roth IRAs: 27%
Vanguard account: 8%
Pension (me)/401k (mr krmit): 22%
Travel savings account: 10%
Mortgage: 32%
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It’s earlier than usual, but not premature. Bills are paid, I have groceries through the end of the week, I can see my last paycheck of the year, and as soon as today’s coffee run goes from pending to posted, I can pay off the credit cards and call anything weird that happens in the next three days next year’s problem. So I’m going to call it.
December:
Salary: $4,515
Match: $113
Total: $4,628
Reserve: -$1,150
403b: $339
IRA: $2,500
Total Savings: $1,689
December Savings: 36%
2020 Savings: 35%
2020 Total: $20,807
I made it! >20% and >$20,000 saved!
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Nice - not even close (to 20%)
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I got my bonkers commission check for the year, so I can do final numbers now. I am honestly a bit shocked, seeing as I was afraid I was going to be unemployed earlier this year.
December pre-tax income: $19,200 (insane! lol)
December all saved: $9690 (Commission checks seem to get hit extra hard on taxes? $15,100 became $8800 or so. But I will get a lot of it back in my refund next year)
51.5% saved for the month woohoo!
All year pre-tax income; $58252 (the most I have ever made, and a crazy number to me!)
All year saved $26,385
45.3% saved for the year.
PLUS!!! As an added bonus, I hit the $20,000 saved which I never expected to reach so I didn’t join that challenge. Because I work on commission which can vary a lot, I make sure I can live on my base salary of about $31,000 and am always happy to get any commission checks that happen. Like last year I made about $40k and this year it’s $58k, so I never know.
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Yes, my experience as well (“Oh, you get paid this much every check so your income is really much higher”)
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End of December/END OF 2020!!! 
We made it!
Added this month:
$593 - 401K
$30 - Roth IRA
$200 - Emergency fund
$100 - Car fund
2020 annual savings running totals:
$8,369 - 401K
$270 - Roth IRA
$2,070 - Emergency fund
$800 - Car fund
Total: $11,509 / $11,250 = 102%
Wahoo! Thanks for the camaraderie and support, friends.
I think this will be my first badge. Haha. 
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WHUT!? You magic!
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