So, I updated my spreadsheet today, and I am pretty confident I will be able to save 20250$ by the end of 2025. Currently I have saved 8000$ in my FHSA, 4000$ in my TFSA, and 2709.17$ in my pension (not counting employer’s contribution because for me it doesn’t exists) for a total of 14709.17$ 
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AMAZING
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Wooh! Thats awesome!
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We saved another $1970 this month, a bit more than usual because it was a 3 paycheck month for me. That puts us at $14999 for the year, on track for our goal.
Now, I pulled another about $8K of out savings to pay for the solar panels, but I am not counting the drawdown. I consider it more of a reinvestment. The panels should produce about $140 of electricity a month. If my math is mathing more or less correctly, if I am spending $22,200 to generate $140 a month, that’s about a 7.5% rate of return, right?
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Hey hey! Stickers are done, I can start mailing them on a rolling basis! Fill in this form.
Tag me @anomalily if you are ready for your badge, but here’s the form to get your stickers!
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oh man, I need to do my calculations…
Mortgage Principal: $21,135.60 (from paycheques)
OMERS: $8269.98
TFSA (S): $5311.18
TFSA (P): $900
Total: $35,616.76
so, $4883.24 to go to meet the stretch goal!
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When I get my severance package I will have to do calculations to figure things out, and will drop $4000 in to get to my goal.
@anomalily i am done with this challenge for the year!
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We’re back and just about everything has changed since my last update. I started a new job, LG is back in daycare, and we sold our home and a bought a new bigger one a mile down the road. Our cash balance is higher but that is because we did not put all of our proceeds from the old house on the new house. We have a much higher mortgage though. For the purpose of this exercise I am going to keep our cash savings flat from April.
Cash savings: $8,004
Retirement savings (403b (2)/457/pension): $34,981
College savings (529): $5,000
Total savings: $47,985 or 118% of goal
We’ll be going for a stretch goal of $20,250 * family members (3) = $60,750. We should meet that if we can keep our retirement contributions the same. We won’t have any additional cash savings as my goal is to pay off 0% debt from new house renovations by the end of the year.
Total savings: $47,985 or 79% of stretch goal
This challenge has been really helpful as I don’t love working even though my job is relatively easy. It helps keep me going. Next year I hope to save all of my salary in retirement contributions, but that only works if I keep working. Otherwise we’ll have $0 savings.
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Ok, so I did it! But also now I’m doing to live off savings for a few months since I’m only marginally employed so…does that still count? Between savings, retirement and DC from my old job, personal Roth, and dividends from my high yield savings I’m at $21285.42.
Let me know if y’all think this counts!
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Definitely still counts!
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I’m at $14,000/20,250. The first half of the year had large expenses and we should be fine to save $2k/month for the rest of the year, putting us right on track.
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We did it! 20984.25 as of my most recent calculations sometime mid September.
We’ve especially been funneling cash to investments this year. I’m really looking forward to next year not having FMLA and a super compressed time to put money into our 401ks.
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September was a lower save month for us because I took money out of the HSA for non-solar expenses. (That is a known feature of this life stage - I throw all the $$ into the HSA and then I take some back out if I need it. We have infinity unreimbursed medical expenses.)
We saved $1554, which puts us at $16,550 YTD as of the end of September. If we don’t have more non-solar withdrawals, then we should make our goal. But if anything else breaks, we’re definitely going to have to join a lower challenge instead!
The good news is I think they are going to turn on our solar panels any day and then our electric bill should plummet.
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Just got the bravery to check - with my retirement contributions through the end of the year + current house principal, I’m at $19314!
A lot closer than I thought I was going to be, given how expensive this year has been, but I think a little short of $20,250 if I keep my current retirement and principal contributions through the end of the year. So I think I’ll bump up my retirement contributions a bit, and maybe we’ll also do an extra principal-only payment on the mortgage too.
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This is awesome, Panda! Go you!!!
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AMAZING!!!
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I will hit this, but probably not until the end of the year when I get a commission check. I am at $16,650 through September with income of $35,016. Sales at work have been just ok, I would really like a nice finish to the year.
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Mortgage Principal: $23789 (from paycheques)
OMERS: $9116.63
TFSA (S): $7511.18
TFSA (P): $900
Total: $41316.85
Stretch Goal Met.
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Dropping in from 25% in 2025 with a new financial picture and a new goal.
With increased salary and decreased living expenses, I can go for $20,250, and if I get one last match figured out at work and/or finalize my house sale, I could possibly eke out a stretch goal of $25,000.
A lot of moving parts and pieces between now and the end of 2025 to see where things land.
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