I’m in, too! This sounds like great encouragement to save.
One question (or first): do car payments (interest free) count?
5 Likes
I would say that is debt payoff, so yes!
4 Likes
January Check-in! The beginning of the year is really going to pad our yearly savings because I don’t have a student loan payment, and we are going to get a very large tax refund this year.
| January 2022 | |
|---|---|
| 529 Accounts | $400.00 |
| Direct TSP Contributions | $1,022.00 |
| Vacation | $167.00 |
| Family Visit | $644.00 |
| Roth IRA | $500.00 |
| Vanguard Taxable | $167.00 |
| Mortgage Principle | $892.00 |
| TSP Repayment | $167.00 |
| Monthly Total | $3,959.00 |
4 Likes
It is still pre-wedding, so I’m only doing automated savings at the moment. But I have set up a calendar alert called Deposit Day to coincide with the second payday of the month. Post-wedding, I will square up all the bills and credit cards and deposit what is leftover, leaving me a little lean until the first paycheck of the next month.
January Savings:
- 6k in IRA from EOY 2021 bonus.
- $20 auto-saved from bank checking to bank savings (set this up when I was a student and just never turned it off
) - $100 auto-saved to Ally savings account ($50 from each paycheck)
5 Likes
It’s January, so he works all month but doesn’t get paid until the end of February (is that legal?)
My withholding:
Pension: 353.75
HSA: $655.00
Roth 457: $1,800.00*
Total: 2,808.75
*This may have to get reduced a bit. With the higher cost for benefits in spring, it’s more than my monthly take-home. (We pay 7/5 of the annual cost every month in spring term to cover benefits in summer when we don’t get paid.)
5 Likes
Okay, good start with 1.846,24 Euro - 18.373,76 Euro to go 
6 Likes
Calculation for January savings - $4600.00
A bit of an anomaly I think - this included $300 from our bonus, and I took $1026.00 out of my vacation fund to jump on the market dip.
I suspect Feb will come in lower. I did raise my automatic biweekly savings withdrawal to Questtrade to $600 from $500, so that will help.
4 Likes
So far on track with my plan! I’m getting a nice tax refund this year (been withholding extra) so that will all go into savings as soon as I get it. I’ll also hoping to be able to stick big chunks in here in July and December when I have months with 3 paychecks.
1000 in savings (Emergency fund and “life events” fund)
100 in my Deferred Comp
200 in my personal Roth IRA
370 in my work pre-tax retirement fund (I got a COLA raise so this will naturally go up a bit next month)
Total: $1,670
2 Likes
Is there a ruling on 401K employer contributions? Do those count or just my contributions? i can see it either way.
3 Likes
You can include employer contributions as long as it’s vested!
5 Likes
I had to google what that meant, and WOW, that’s sneaky.
Yes, mine is fully vested (i’ve been with my company almost 17 years).
That being said, I’m well on track for 2022, and feeling good about it. I tend to not think about my investment money as ‘mine’, since i have no plans to really touch it anytime soon, so i don’t generally think i’m saving much, but this helped me realize i’m doing well.
| 20,220 in 2022!! | January |
|---|---|
| Savings | $202.39 |
| Investing | $183.88 |
| 401K | $1,058.53 |
| Mortgage Principal | $446.80 |
| Car payment (interest free) | $543.71 |
| Mattress payment (interest free) | $91.00 |
| Total | $2,526.31 |
9 Likes
End of February: 3.423 Euro - 16,797 to go 
4 Likes
Set aside from monthly cashflow: $1,325
Paid off mortgage: $2,480
Total YTD: $3,805
5 Likes
Monthly finances done. We are staying on track with our planned savings. I decided to only look at long-term savings for this challenge, so I removed a few categories that I had included last month. This month we actually had $9k available for savings (thank you child tax credits!) but most of it went into future spending categories for medical, babysitters, baby supplies, and travel.
| February 2022 | Annual Total | |
|---|---|---|
| 529 Accounts | $400.00 | $800.00 |
| Direct TSP Contributions | $1,048.00 | $2,070.00 |
| Roth IRA | $500.00 | $1,000.00 |
| Vanguard Taxable | $167.00 | $334.00 |
| Mortgage Principle | $894.00 | $1,786.00 |
| TSP Repayment - Lump Sum Savings | $167.00 | $334.00 |
| Monthly Total | $3,176.00 | $6,324.00 |
4 Likes
I dont think I did a January update. But year so far (all in Aussie dollars
Total: $9428
Shares: $2980
Extra mortgage: $3448
Extra Super: $1500
7 Likes
YTD savings balance - $7392.73
February savings- $2792.73
It was less than January, but I already knew that was going to happen. Still happy with that! And continued to put money in other savings buckets for future spend which I’m not counting.
7 Likes
Still on track, i like this focus on saving, feels good.
| 20,220 in 2022!! | YTD |
|---|---|
| Savings | $404.59 |
| Investing | $283.88 |
| 401K | $2,087.03 |
| Mortgage Principal | $894.91 |
| Car payment (interest free) | $1,087.42 |
| Mattress payment (interest free) | $182.00 |
| Total | $4,939.83 |
5 Likes
On track so far 
Work Retirement: $764
Deferred Comp: $200
Personal Roth IRA: $400
Savings (Emergency, Travel, Wedding): $2399
TOTAL: $3,763
I hope I transferred everything correctly from my spreadsheet!
I got my tax refund last month, so I threw almost all of that into savings. Hopefully our so called “frontline worker acknowledgement pay” from work will come through soon and I’ll stick a lot of that into savings as well. (Not sure how much it will be since they definitely found ways to make sure we get as little as possible).
5 Likes
Yes please.
This is my first savings challenge. Very excited. I am also very unemployed at the moment. Perhaps that extra layer of pressure will get the universe to squeeze out a role with a salary fit for the challenge!
I’m open to receiving good vibes!
I’ll keep you posted.
Eva
5 Likes
March Update
Total: $18785.64
Shares: $4470
Extra mortgage: $9815.64
Extra Super: $4500
2 Likes