2020: The Official YNAB Savings Challenge

New year, new goals! Welcome to the official YNAB savings challenge of 2020!

Everyone is welcome to join in on this challenge, regardless of the size of your goal or the date you get started.

Claim your line on the spreadsheet below, and share a summary of your savings goals in the thread. There's also a spot for your forum journal link in the spreadsheet if you'd like to share! Bookmark the spreadsheet and come back to update your progress every month throughout 2020. 

2020 Official YNAB Savings Challenge Spreadsheet

The 2019 savings challenge resulted in over $1,565,000 saved and we're still seeing updates added in! That's incredible progress in just 12 months.

Let's set our sights high to start out this decade! Here's to your overwhelming success in 2020!

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  • Savings have been going well - July deposited $154, Aug will be more closer to $200.

    Like 1
  • I forgot to check in for a few months! In July I added $1,100 in savings and in August I added $1,000. I feel really good about it. Thanks everyone!

    Like 2
  • August check-in. Coming into the home stretch on the overall goal amount! 🚀

    • Retirement: $4,000.00/$6,000.00
    • Next Home: $4,996.41/$3,000.00
    • Investments: $4,320.00/$4,800.00
    • E-Fund: $1,066.27/$1,200.00
    • Total: $14,382.68/$15,000.00
    Like 2
  • Sept Update: even though these last few months I've managed to sink myself into debt, I've been keeping track with my savings. I'll actually meet my savings target before the end of this year. A bit anticlimactic - I'm so stressed with my new debt load I'm not even able to enjoy this surprise victory. Hopefully, when it does happen I'll be more excited.

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  • Better late than never? I just updated the spreadsheet from May-now, haha. But to my surprise, I'm at 142% of my savings goal. What the? How?

    Goal: $15k

    Savings to-date: $21,425.84

    OK then. Guess I need a bigger goal next year. 

    Like 4
      • QC
      • HaplessFinanceProfessional
      • Queenofcoin
      • 1 mth ago
      • Reported - view

      xgirlmama What a great surprise!  Congrats on your hard work.

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      • xgirlmama
      • Purple_Griffin
      • 1 mth ago
      • Reported - view

      QC thank you!

      Like
      • xgirlmama
      • Purple_Griffin
      • 3 wk ago
      • 1
      • Reported - view

      xgirlmama I was actually able to sock away more $ into savings this month

      Goal: $15k

      Savings to-date: $28,292.41

      New goal: $30,000 by year end

      Next year I'm going to push for $25k. I think this year was easier because I remained employed and didn't have to pay for summer camps or gas or anything for medical

      Like 1
  • I'm surprised I managed to reach my stretch goal of a 6-month emergency fund this year! It's difficult to celebrate...it's been a hard year for me but so much harder for many others. However, I started this year off with a negative net worth, so it feels like I've come a long way. I really appreciate YNAB and this community for helping me stay organized and motivated.  Thanks everyone. No matter what stage of the journey you're in, you're very inspiring!

    Like 4
  • September check-in. Hit my overall goal amount! 

    • Retirement: $4,500.00/$6,000.00
    • Next Home: $6,246.41/$3,000.00
    • Investments:$4,825.00/$4,800.00
    • E-Fund: $1,166.27/$1,200.00
    • Total: $16,737.68/$15,000.00 🎉
    Like 2
  • Managed to achieve my emergency fund goal of $12,000 despite a little difficulty in the last 2 months or so. Stretch goal of $15,000 feels a little impossible but I'll just focus on every cent that counts towards it. Keep pressing on everyone!

    Like 3
  • Will there be a 2021 challenge?  If so, when does this usually start?  I need just this kind of motivation after this crazy year!

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      • HappyDance
      • YNABing consistently since 2014
      • HappyDance
      • 2 days ago
      • 1
      • Reported - view

      nolemom 

      Yep.  There will likely be a 2021 challenge thread.

      Like 1
    • Hi nolemom !

      The challenges restart every year, but it's never too late to start! You're more than welcome to join now for what's left of this crazy year and roll right into 2021 with us! :)

      Like
  • Savings Challenge - August to October Check-In

    • August: $1,050.00
    • September: $900.00
    • October: $1,050.00

    COVID gets an honourable mention in me hitting my goal before the end of 2020. I'm just not spending much on anything these days.  I managed to hit my stretch goal of saving $15,000 right on the nose just this month.  November and December savings will be gravy.   

    Like 1
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