tag:blogger.com,1999:blog-1611711622146875201.post7391496553377710408..comments2024-03-28T13:28:12.831-04:00Comments on DON'T READ THIS; IT'S BORING!: The Yearly Savings Challenge & How It Has Helped Me Save $slugmamahttp://www.blogger.com/profile/12728856166374248591noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-1611711622146875201.post-85500561738051016852015-07-12T15:05:02.389-04:002015-07-12T15:05:02.389-04:00It is, but if you only make $40,000 a year, 40% is...It is, but if you only make $40,000 a year, 40% is a lot to save! When you make $200,000 it's a larger number but much easier to live on what's left!!! Most of my clients live on $733 a month. Depending on their rent if they live independently, they don't get much in food stamps either and only Medicaid. If you live in a group home here, you must pay $583 a month for room/board so that leaves you with $150 for clothes, personal items, entertainment, phone, and co pays/medications.NANhttps://www.blogger.com/profile/01809533152358579455noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-14109848202428911002015-07-12T14:59:40.852-04:002015-07-12T14:59:40.852-04:00PS- Put 3 kids through college here- none graduate...PS- Put 3 kids through college here- none graduated with a bit of debt. However, that ended when they graduated and guess what, not one has ever moved back home or asked for a cent. All have master's degrees too but they paid for those! I have a librarian/SAHM now, nurse anesthetist and assistant principal.NANhttps://www.blogger.com/profile/01809533152358579455noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-6803694841404646462015-07-12T14:57:38.599-04:002015-07-12T14:57:38.599-04:00Oh I love Disney! The first time we went the older...Oh I love Disney! The first time we went the older kids were around 6 and 8 and we had just moved from Connecticut to Northern Virginia. We flew. Then years later we had third child and took her several times always driving though. Now I am a Florida resident and often have a annual pass. My DD and the grandsons have probably been at least 15 times in the last few years. We enjoy everything about it except the lines and now with fast passes, that rarely happens! I brought my mom there before she died and she was like you guys- couldn't understand the Disney mystique. It's entertainment to me and I love the restaurants.NANhttps://www.blogger.com/profile/01809533152358579455noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-75518815091448809622015-07-11T12:09:25.359-04:002015-07-11T12:09:25.359-04:00I just never got this whole Disney mystique thing....I just never got this whole Disney mystique thing.....and probably never will. lol<br /><br />Those years of overlapping college expenses were a KILLER! If you can get thru that period you can survive most anything Sharon.....slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-38973650609386251962015-07-11T12:07:36.872-04:002015-07-11T12:07:36.872-04:00Thanks Cindi. I am grateful for Hubs income level...Thanks Cindi. I am grateful for Hubs income level now though we had some really lean years early on and then the kids gobbled up a lot of our resources for many years. It's nice to be at this point in our lives where the income is good and we get to keep more of it. ;-)slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-62082531004975605182015-07-11T12:06:01.450-04:002015-07-11T12:06:01.450-04:00No ND Chic, Hubs won't allow me to share that ...No ND Chic, Hubs won't allow me to share that info. But last year we did save(both retirement and what I save)39.50% of his salary. This doesn't include what his employer kicks in toward the retirement account either.<br />Almost 40% of income is pretty good as a savings rate I think.slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-79674007582268856712015-07-11T10:33:06.337-04:002015-07-11T10:33:06.337-04:00Good for you, Sluggy! And Hubs, since he DID help ...Good for you, Sluggy! And Hubs, since he DID help a bit. LOL! Sometimes I feel like I just don't save enough. Then I remind myself that I saved $11 grand to put down on Hubby's car. And it was not part of our "regular" savings. That makes me feel better. :-) I am putting a big chunk of my income towards retirement as well, so I won't complain a bit about living on one income.Franceshttps://www.blogger.com/profile/01817017829323955078noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-19206354047591049492015-07-11T03:59:17.043-04:002015-07-11T03:59:17.043-04:00Excellent way of explaining how you save. Thanks!...Excellent way of explaining how you save. Thanks!Anne in the kitchenhttps://www.blogger.com/profile/01533249631969001657noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-63059864303071563982015-07-11T00:44:55.434-04:002015-07-11T00:44:55.434-04:00Have you ever shared Hubs' income on your blog...Have you ever shared Hubs' income on your blog? I do wonder what percentage you are able to save. Either way, kudos to you for saving.Nd.chichttps://www.blogger.com/profile/09918828872616125907noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-48123151572321836172015-07-10T19:51:19.970-04:002015-07-10T19:51:19.970-04:00Sluggy, I commend you highly on your ability to sa...Sluggy, I commend you highly on your ability to save such massive amounts of money. You are a very fortunate person. I never even once earned in a year what you guys can sock away. This is not a 'woe-is-me' complainy pants comment. I just wanted to say you and your husband are just awesome people! Kudos to you two!<br /><br />That's all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-35926728672310230052015-07-10T16:29:40.242-04:002015-07-10T16:29:40.242-04:00Not a fan of Disney? Neither am I, especially re...Not a fan of Disney? Neither am I, especially recently.<br />Great job on the savings. It really does add up! Anyway, we won't be able to save significantly until our son is finished with college....two college tuitions ($40,000) are what we are doling out for the next 3 years. (We already put two through college, and my daughter just finished her first year). Thankfully, we are still saving in our retirement accounts. We just have to watch what we purchase and really prioritize until the last one is through.Sharonhttps://www.blogger.com/profile/13940623529019637336noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-64729148235660929592015-07-10T15:15:50.426-04:002015-07-10T15:15:50.426-04:00Agreed that you never know what your life holds.
D...Agreed that you never know what your life holds.<br />Don't worry about us enjoying life while saving for retirement. We take many trips(though anything Disney is NOT on our agenda), visit friends and family and have had lots of experiences along the way. <br />We believe in making priorities but we never suffered or did without for long and we'll be aok in retirement. 8-)slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-16077046297258235032015-07-10T12:47:22.714-04:002015-07-10T12:47:22.714-04:00Great on saving but just remember things happen. M...Great on saving but just remember things happen. My DH died suddenly of a massive heart attack at age 48. I am so glad we didn't pinch pennies and wait until retirement to do things we wanted to do. We took the kids to Europe and Hawaii plus Disney World a few times. We visited family in the Midwest twice a year. I am so glad we had nice vacations and expereinces we shared. I have a few things I want to do while physically able also- my health is good but I am 67. I work now and love my job with a flexible schedule. I still meal plan but no processed foods or rarely eating out for me. Just don't sacrifice for tomorrow because frankly, you don't know what it holds.NANhttps://www.blogger.com/profile/01809533152358579455noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-63211943231912466292015-07-10T11:53:40.856-04:002015-07-10T11:53:40.856-04:00Two big thumbs up! Living on one paycheque and ban...Two big thumbs up! Living on one paycheque and banking the other each month is how I saved up money that enabled me to retire two years early. You have shown it can be done if you set your goals. Great job Sluggy!Janehttps://www.blogger.com/profile/02803104035204416080noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-40687446831567846172015-07-10T10:47:13.012-04:002015-07-10T10:47:13.012-04:00Thanks for explaining your system in detail, becau...Thanks for explaining your system in detail, because I've wondered about it before. Great explanation, and clearly, it's working!! Awesome job.Hawaii Plannerhttps://www.blogger.com/profile/04760426766801381563noreply@blogger.com