tag:blogger.com,1999:blog-1611711622146875201.post3243913670440062342..comments2024-03-28T15:25:18.895-04:00Comments on DON'T READ THIS; IT'S BORING!: $30K Savings Challenge....December 2010 Total and END of YEAR TOTALSslugmamahttp://www.blogger.com/profile/12728856166374248591noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1611711622146875201.post-86175950589236360272011-01-14T13:40:13.728-05:002011-01-14T13:40:13.728-05:00I just got back to check if you had responded to m...I just got back to check if you had responded to my comment. I think it really is amazing how well you do with your savings. I am really thrilled with my retirement accounts and love watching that money build up. I get a 5% company match in my 401K and always forget to even think about that. But it does add up.<br /><br />And we still seem to have plenty of money left over after the bills, so I am happy.<br /><br />Keep up the work. You really are an inspiration.Franceshttps://www.blogger.com/profile/01817017829323955078noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-84089595749692152152011-01-05T15:30:15.015-05:002011-01-05T15:30:15.015-05:00Frances--My savings is strictly from net pay. Hub...Frances--My savings is strictly from net pay. Hubs has direct deposit into a company matched fund before we get the check. We put 8% in and company matches 4%, so savings 12% but only 8 of it is coming out of his check. He also have a set % taken out for charity and a set amount dumped into an investment portfolio account before I get the check. Hubs also have a company funded pension account we get when he leaves/retires. So everything we get in his check is fair game for me.lol<br /><br />If you put 20% of pay into savings you are doing awesome Frances! I feel its more a matter of % you save of income rather than the $ amount you save. Hubs income may be way different from yours so it's comparing apples to oranges in that respect. Most people once they pay the bills and put $ into retirement don't have much extra to save so don't feel badly on that.<br /><br />Precious--Thanks!<br /><br />AlexM--Nothing as important as throwing $ into retirement in my book...especially if you are over 30. I'd rather be short of liquid cash and have to wait a week to replace an appliance than buy it now w/a c/c and pay for it for the next 5 years 10x over OR deplete a savings account to get it now but end up living in a cardboard box when you retire because you did that all the time when you were working.lololslugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-13539375686025716232011-01-03T16:25:41.076-05:002011-01-03T16:25:41.076-05:00Good Job Sluggy! We had a tough December and will ...Good Job Sluggy! We had a tough December and will have a hard January, likely a tight February too. The vacuum cleaner just died, which we can handle in a week. However, a major illness in the family means a lot of travel we hadn't counted on (mileage, meals, parking, gas, etc.). But this is the reason I subscribe to the "pay yourself first" theory -- we might not be accumulating a lot in liquid savings, but we're matching you as far as retirement funds go.Alex Mhttps://www.blogger.com/profile/15562233895276078957noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-82326822856178557942011-01-03T15:24:40.547-05:002011-01-03T15:24:40.547-05:00YAY!!!! Congrats on more than meeting your goal - ...YAY!!!! Congrats on more than meeting your goal - that's fantastic!!!! Are you going to increase the goal for 2011?I'm So Prettyhttps://www.blogger.com/profile/08131740631286018976noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-14817196943992144922011-01-03T14:25:51.157-05:002011-01-03T14:25:51.157-05:00Congrats Sluggy! That's awesome!Congrats Sluggy! That's awesome!American Dreamerhttps://www.blogger.com/profile/14091457436415496408noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-54043797429657186442011-01-03T13:45:15.097-05:002011-01-03T13:45:15.097-05:00Holy cow, Sluggy! You all save a LOT of money. You...Holy cow, Sluggy! You all save a LOT of money. You may have said, but is this in addition to retirement savings?<br /><br />There is no way we could save that much in a year. The apartment complex we are in is the cheapest in the area, though amazingly it is better maintained than the more expensive ones. We would have to move to "the bad part" of town to get any cheaper.<br /><br />We have the cheapest phone, internet, car insurance and electricity I have found. Prepaid cell phones and rarely use them, so really, really cheap. <br /><br />I can probably shave a little more off the grocery spending, but not $30,000.<br /><br />On the plus side, we I do have a really nice retirement fund and put 20% of my income in that. And our emergency savings is enough to keep me feeling comfortable. We took a little out for Christmas, but it will be replenish plus more when I get my bonus in March. <br /><br />Oh, and all Christmas purchase put on CCs have already been paid off. No interest payments for us, either.<br /><br />You really inspire me, Sluggy!Franceshttps://www.blogger.com/profile/01817017829323955078noreply@blogger.com