Well, don’t have the April paystub yet, but do have a pending deposit for both of us (same employer). I can at least confirm that this month, we spent less than my net paycheck (and didn’t touch his $44) even with the higher withholding numbers from fall (when my net pay is higher, because in spring they take out the premiums for our summer benefits). So we may be doing okay to keep with the same withholding. It’s about to be a moot point since May is my last paycheck until end of August.
And it actually looks like we’ll both have some supplemental income over the summer (no withholding available) so it may be getting on toward time to put more of the efund into investments.
This was a 3 paycheck month and I got back-pay for when I was on mat leave. Plus we had “extra” income that was cash back from refinancing our house. So we had A LOT of income to put toward savings this month. Not included in this tally is the money we put toward sinking funds, including maxing out some of our sinking funds.
Update April,
I added nothing to savings. The 1500 Euro supposed to be added were used up by a new laptop (I literally smashed the old one ) and a loan I gave to a good fried. Add an uptick in expenses with a few necessary clothes and there is nothing left for savings.
I will get the loan (750 Euro) back at the end of May, so I hope to be back on track at the end of the month.
Jellaba
Ugh so this number is a little fucked up and I don’t know how to fix it. Some of the IRA contribution was cash flowed, some was already in our accounts, meaning by doing a manual adjustment I’m double counting some of it… but I’m not sure how much.
Not a fantastic month, but looking back over my history it seems that we have one low / followed by one high. There is funds in our short term savings right now, some of which will go to TFSA’s but we also have a surprise bathroom reno in the works that will need to use some of that money for.
(end of)
March: $3150
April:. $7290
May: $9460
We’re slightly ahead! My pay finishes next week and I don’t expect to be paid for the rest of the year, so we’ll see how we go on one income. I was going to do grocery shopping tomorrow but because of this challenge I decided we could eat down the pantry (we’re going on holiday half the week) and do shopping next weekend.
Jan withholding: $2,798.25
Feb withholding: $2,798.25
March withholding: $3,630.75
Roth IRA (hers): $7,000.00
Roth IRA (his): $7,000.00
April witholding: $3630.75
May withholding: $3,630.75
Total: $30,488.75
We’re on about a $75K household gross income, maybe closer to $80K once all the weird summer stuff is sorted, so this isn’t all that much saving, really. But it’s a good time to be putting things into the market, so yay.
Things will be much less interesting over the next two months as neither of us has any withholding available at all on supplemental summer income (except my pension percentage, which is legislated).
Edit to say I probably need to do some Roth conversions this year, maybe change my 457 contributions to Roth, too.
Okay, I am now at unbelievable 11038,23 Euro.
Got the loan back, the monthly 1500 plus some money out of a change how I get paid (I changed into another legal entity at work, now I have straight 12 month salary’s plus bonus, instead of additional Christmas and holiday gratification). The same amount, paid out differently got me some extra money in May. When I get my first new salary I will know if I can send a higher monthly amount straight to savings.
So far absolutely on track here.
Is it too late to join in? I just saw that Student Loan repayment can count so I plan to hit $21k with the majority in SL payments.
I’ll just assume it’s fine for me to jump in
January = $619.36
February = $1,893.88
March = $6,225.04
April = $886.02
May = $2,891.83
Total SL = $12,516.13
Plus 401K = $1,000 Total for 2021 = $13,516.13
) and a loan I gave to a good fried. Add an uptick in expenses with a few necessary clothes and there is nothing left for savings.
