19,600 added thus far in 2021 to the high interest savings account so that we reduce the likelihood we will need to pull out money during a large market correction once I am not bringing in a regular paycheck
I DID IT!
Numbers are thru November
Pre tax income $47,155
Total saved $21,327
45.3% saved, hopefully a fair bit more in December with a final commission check for the year.
Good on you!!
that’s a huge percentage on your salary. congrats!
Congratulations! That’s huge!
Congrats!! Make sure to fill in the form so I can mail you your sticker!
November is at its end, Now I have saved 19.600 Euros. I am more than confident that I will make the 21.000 goal as due to the covid situation in Europe my planned holiday (i was supposed to be in a Spa Hotel in Austria) is canceld and I will save that money.
In addition I was told I will receive an additional bonus in December. After a very successfull IPO in 2021 it is to be expected to be high in the 5-digits. Lets wait and see …
Ugh I’m sorry your vacation was cancelled! I’m currently spending a lot more money because I have two trips planned to Europe in the next 4 weeks (Finland next week, Denmark at the end of December.) We’ll see if either really happen
Austria is in Lockdown until Dec. 21. I am pretty sure that we will have at least a partial lockdown also here in Germany soon. Cases are exploding and hospitals ICUs are filling up.
I do not know about the situation in Denmark and Finland but Ihope, that you can travel there as planned. Keep my fingers crossed.
Thats an amazing percentage of your income! Awesome work!!
We Did It!
November Check In
Mortgage Principal: $1003.31
Pension: 758.69
TFSA: 3000
Total Savings in November 4762.00
Year to date savings $43252.86
Still no backpay or raise from the employer. They have 90 days, which actually takes us to the end of January
2021 YTD Update
YTD Pre-Tax Income All Sources (including employer 401K cont): $56,982.39
Total YTD Savings: $28,453.01
- Cash Savings: $9,427.35
- Traditional 401K: $16,091.16
- SEP IRA: $1,480.00
- Employer Cont: $1,454.50
Pre Tax Percentage YTD: 49.93%
YTD Savings: $28,453.01 - 135.49% of the goal!
I didn’t save any cash (just 401K) this month because going to Finland is freaking expensive and I had to put money in the travel fund.
I have lost the challenge in spectacular fashion! First Ponder wanted a fancy laptop and then I went all out on getting shit sorted during the sales.
Based on my initial rules, we saved about $15,000.
If I count everything saved this year, including mortgage payoff, shares bought through work, bonus, etc, we got more than $42,000. So that’s about how much extra we’ve got for our renovation next year. Yay! I enjoyed the challenge, it definitely helped me think about my purchases and helped me use sales effectively for stuff I would have bought anyway, instead of procrastinating during sales or buying impulsively when there was benefit to waiting.
Heyyy, I made it! A lot of it was due to my EOY bonus but it’s based on profit sharing, so I like to think I’ve been earning it all year long
YESSESSS! Congrats! Make sure you submit for your sticker!
Let’s see how I did!
IRA: 1,374.00
Treasury direct bonds: 2,578.89
401k: $3624.24 if I can’t.
Various other savings buckets: 15,174.42
GRAND TOTAL: $22,751.55
Now, granted, some of that’s going poof for moving expenses, but I am still pretty pleased with this total. For context, I gross in the high $60s and my business grossed about $2k this year.
So yes, did it without the extra bonus for 2020. I am at 21.350 Euro
The extra Bonus is ca. 12.000 Euro net, will be partly used for redecorating the kitchen but I budgeted for that anyway. (I budgeted 10K but it looks like it will be around 8-9k-isch)
I got my commission check today, so I am going to do my year-end numbers a little early. Mostly just because I want to see them!
Pre tax income $67,920 (whoa)
Total saved $33,452 (whoa again lol)
This is the most money I have ever made, and a number I never expected to see to be honest. I am generally in the $40-45k range, so this is a little shocking.
49.3% saved for the year. I am super excited, because with working on commission I never know what I might make.
Awesome job