Off to a good start this year.
January:
$2,221.06 to savings account (this includes $700 my household received in stimulus money, which we intend to give away when we get around to it)
$815.60 to retirement account
Total: $3036.66
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716,97 Euro to savings account in January. This is less than planned due to 2 invoices not expected.
Starting February I send 1000 EUR monthly upfront to savings as soon as my salary hits my bank account.
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Not a fantastic month: $1467 onto the Mortgage principal, but nothing into long term savings.
Editing to add: Forgot about pension deduction from the paycheque. Add $758 in employee contributions this month.
We receive benefits for one of the children, and payments are behind - we’re at 14 weeks waiting on reimbursement. We pay our respite workers from the money that would be invested into the TFSA’s etc then replace it once we get reimbursed, so that is negatively impacting our saving rate for the moment. Hopefully February is better.
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First check-in! I’m including contributions to my retirement and taxable investment accounts as well as mortgage principal. I’m also doing a goal of $42k (21x2!) because I’m able to put so much away due to dual incomes. Seems dishonest not to acknowledge that.
January
- 457 plan $2,600
- Mandatory employee contribution $142.78
- Employer contribution $408.84
- Mortgage Principal $591.38
- Brokerage Account $250
Total for the month $3,993
8.49% through the year
9.51% through goal of $42,000
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Another $300 into savings yesterday, combo of Boyfriend paying me his share of food/cat expenses and some Amazon sales and a Prolific payout.
$1890.74
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This month was just bare bones savings. I had another $4k available to allocate toward savings (split into short and long term) but we have decided to build up one month of expenses in the checking account so I didn’t move anything over. I was happy to see that our automatic savings are high enough to meet the challenge goal, even if we don’t save anything after-tax. Just the automatic savings this month:
| January | |
|---|---|
| Mortgage Principle | $650 |
| TSP | $780 |
| $529 | $300 |
| Roth IRA | $0 |
| Vanguard Taxable | $0 |
| TSP Loan Savings | $0 |
| Total | $1,731 |
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401k contributions and mortgage principal payments were waaaaaaay offset by the $11k in house repair that came up 
I think we’re at like negative $3100 saved then so far this year? (Bunch of reimbursements from husbands work this month in addition to normal Pay)
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This month was fucking nutty in terms of saving capacity, because I got a bonus for 2020 Q4 and flung it into investments with alacrity.
$1090.71 to savings
$5953.21 to investments
$96.49 extra to student loans
Total: $7140.41
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Month two!
This month, I put £1600 into my ISA (I got a big expense reimbursed so had an extra chunk to put in), and £866 (not including employer contribution) into my pension.
Monthly: £2466
Total: £3317
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This challenge prompted me to finish our taxes (I could have done them back in September, we work on a July-June tax system). I also started getting some receipts together for the taxes at the end of the year.
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Well, we owe money. Whoops. So do I take that out of the savings bucket, since I had planned to put it in if we did get money back? Hmm.
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I would cash flow it if I could, but that still means less goes into savings unless you cut somewhere else. But if you took it out of savings you might cut elsewhere to make up for it, so net result is roughly the same? 
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If I take it from elsewhere in my budget, that would be the renovation deposit. Which is, indeed, the intended final destination of this year’s savings. But it’s all about how does this look on paper 
it’s also nearly $3k which is a lot.
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I have made no decisions on the taxes. Regardless, we saved just over $700 this month and are now at $1,200.
Medical costs have turned out to be huge and should drop in April since I’ll have the baby in March and we will be spending on new baby things I haven’t managed to get yet that we didn’t need for our first.
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Okay, so 3 things happened, I have got an additional gross payment of 2500 EUR on my pay check and I have send 2000 Euro for February and March and friends payed back money I lent them (and forgot completely around).
That all adds up to a saved total as of today of 5130,70 Euro.
I am really surprised but happy 
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Since the above at the end of January, I have put $7,000 into my 2020 Roth IRA (that’s including a “you’re old” catchup amount). Haven’t done his yet because we are still waiting for a 1099G for his unemployment which was due at the end of January.
So, withholding from February:
Pension: $353.75
HSA: $645.00
457B: $1,800.00
Total $2,798.25
Year to date:
Jan withholding: $2,798.25
Feb withholding: $2,798.25
Roth IRA: $7,000.00
Total: $12,596.50
Which puts us at 59.9% of the way there for the year, mostly due to the IRA. His has to be deposited by tax day, so I’m not really sure why I didn’t go ahead and do both (or wait for both), so I expect we’ll hit the goal next month.
Waiting until I see what the taxes look like before doing the previous year’s IRAs just kind of frontloads things. I mostly did that to see if we could afford to get our on-paper income down with TIRAs because of my student loan payments. Since that’s no longer a factor, it may be time to see if we think we can just pay into IRAs over time. Not sure yet.
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This increasingly might not happen for us, lol. We’re buying a second car. 
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We made 2 mortgage payments this month out of cash flow as part of our refinance so I didn’t have anything extra available to contribute toward other savings pots. However, we are still on track with just our automatic savings.
| January | February | Total | |
|---|---|---|---|
| Mortgage Principle | $650 | $1,307 | $1,957 |
| TSP | $780 | $780 | $1,560 |
| 529 Account | $300 | $0 | $300 |
| Roth IRA | $0 | $0 | $0 |
| Vanguard Taxable | $0 | $0 | $0 |
| TSP Loan Savings | $0 | $0 | $0 |
| Total | $1,731 | $2,087 | $3,818 |
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February numbers are in:
We are thisclose to a large deposit into a TFSA, so I thought about waiting until Thursday so I would have something into the long term savings - however, decided end of month was end of month.
Mortgage Principal: 985.93
Pension employee contribution: 758.69
Total: 1744.67
Total for the year so far: $3980.01
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$775.35 to savings ($1866.06 for the year)
$2402.14 to investments ($8355.35 for the year)
$246.49 extra to student loans ($342.98 for the year)
$3423.98 in total ($10564.39 for the year)
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