Joining late, but better late than never. 

I have the lofty goal of saving an additional 10,000 this year towards a new home with my partner. I thankfully already have 6k put away, but want to supplement it further.  Really glad this forum exists so I can be held accountable for my spending each month.

Best of luck to all of you! 

Just got paid and am transferring $3830 to savings on Monday. That puts me at 50.92% of my $15k goal. I don't think I'll be able to hit it this hard the next few months, but with my Christmas bonus at the end of the year and plugging away, I will get there. Maybe more!

I've claimed line 89! I am saving for a new car to be purchased at the end of my current lease, March 2021, and for the possiblity of moving at the end of my lease (why does moving have to be both stressful and expensive?!). Totaling to around $8,000. Can't wait to see everyone's progress!

February Check-in:

Funded my True Expenses & saved $426 in a buffer towards my HELOC lump sum.

Saving to avoid debt while paying down debt is the focus. :)

I will be claiming line 90.

I am trying to save enough for my monthly buffer, and hopefully stretching that into a holiday fund.
Month Buffer - $4,000
Holiday (stretch) - $3,000

Bit behind with my reports. Trying nYnab and im just finding the it keeps me away from my budget 😩!

Feb and March Update:

Feb: deposited $64

I didn't do my $20 per savings account. Did $10 instead. But the 52 week challenge is going well. I also added another savings goal of $10 to be put into my savings account when my hockey team wins (obviously this is in anticipation for sports to return), my bank rocks, all these are features in the account and it transfers the funds automatically.

March: the plan is to deposit $125. Which includes the planned $20/savings account.

Officially joining the 2020 savings challenge. My goal is 50K. Things have changed in the world since I set that goal for myself in Jan but I will do my best and recognize there is more uncertainty in my financial position now.

January:
401K: $2060
ESP: $85
ETF: $3500
SAV: $761 - windfall

Feb:
401K: $1624
ESP: $170
ETF: $1500

March:
401K: $812
ESP: $85

$11,685

It is a minor inconvenience compared to the people who are critically ill because of the corona virus but still... My investments are down quite a bit and therefore my target financial independence date shifts further in the future.

I continue to throw money into my Interactive Brokers account, and will continue to purchase ETF's aiming to build wealth over time. I get to purchase additional funds at a discount now!

End of another month and eek has the world changed since I last posted. Threw a bit of extra money into the investment accounts to take advantage of the downturn and also sent some extra money to the E-Fund since at this point no one knows what is going to happen next month. 😰

• Retirement: $1500.00/$6,000.00
• Next Home: $270.00/$3,000.00
• Investments: $1,640.00/$4,800.00
• E-Fund: $426.04/$1,200.00
• Total: $3,836.04/$15,000.00

I'm just starting in the YNAB Forums but have been a loyal user since 2016! Very excited to take part in this year's challenge, even though my numbers will be from April to December. 🎉

All these categories are partially funded, but most have a ways to go before some big life changes at the end of the year.

Savings Goals as of April = $7000 total remaining

• Emergency fund, $3600 more
• Wedding, $1500 more
• New-to-me car, $375 more
• Next step in education, $690 more
• Electronics replacements, $525 more
• Rent deposit & insurance, $310 more

I "saved up" $3100 for my Roth and E-fund in March by reallocating the money for my yoga membership to my E-fund, and from some other categories, because clearly a storm is here and I want to be prepared.  Thank God for YNAB!

Well, you never know what is going to happen from day to day. DH was laid off. I received a bonus. So we are very fortunate to have funded our emergency fund now and I am extremely grateful to have a job. 

Last update I reported half of March. Here is the update for the rest of March. I had been previously putting any extra cash into the stock market. I'm continuing 401K contributions but holding on to extra cash now in a savings account.

2nd half of March: 
$700 - Savings (EF, not spending much anymore)
$87 - ESPP
$11,000 - Savings (EF)
$2186 - Savings (EF, formerly vacation)
$2280 - 401K

$16,251

This puts us in a secure spot to have $ saved up in case anything happens with my job. Thanks to YNAB and savings challenge, we are prepared and very, very grateful for health and a bit of security just in case.

Savings Challenge - April Check-In

I received an extra $1,646.89 in income in March, comprised of: $1,493 tax refund, $100 referral bonus from bank, $30.89 in cash-back rewards and bank interest, and $23 in redeemed loyalty points at my gas station.

$2,450 saved in April's budget, for a total of $7,500 saved to date, bringing me to 50% of my 2020 stretch goal of $15,000.

Claimed line 93 and forgot to check in last month. My goal was $1000 for a baby emergency fund and I made it. I used the stimulus money to fund it and now I'm saving for a beach vacation (for next year since I doubt social distancing will be over this summer).

March & April Update

March I deposited $83 into my savings account. I had to hold off 2 or 3 weeks with the 52 week challenge because I wasn't sure what my money situation was going to be with covid onset.

April $118 and this month I did all the 52 weeks, however, because of March skipping, the amounts are less than would be expected for April, but that's not the point as I started the 52 week challenge back up and maintained it this month.

May it is expected I'll be depositing $134.

The best thing is the in my 6-month buffer account I have $851 and my first goal in establishing my 6 month buffer is to get to $1650. I'm halfway there!! 😄

End Of April Update

It has been a hell of a ride so far this year. I went in without a buffer after a major re-jig of my YNAB, hoping to slowly pull myself into a 2 month buffer by the end of the year.

Unfortunatly I have just had my first reduced paycheck due to COVID (losing a day a week) which has put my buffer plans into a deep freeze.

I know I can handle the reduced income personally I'm not sure my buffer plan can. We shall see.

Buffer is sitting at $4,000 but that is going to be eaten up as I cover for my reduced wage.

Last day of April and time to report in. Sadly my savings got hit this month, though the numbers here don't really show the whole story since it came from the money I had saved up from the previous year.  However, it was for a good reason (Keep an eye out for my post at the Debt Challenge in the coming days!).

Still managed to tick the total amount forward. Again still blessed to still have my job and not suffer any setbacks from the whole virus thing *knocks on wood*. 

• Retirement: $2,000.00/$6,000.00
• Next Home: $151.00/$3,000.00
• Investments: $2,265.00/$4,800.00
• E-Fund: $628.40/$1,200.00
• Total: $5,044.40/$15,000.00

As an additional note, my stimulus check is currently chilling out in my Bailout 🇺🇸 category and won't be used to help with this challenge. I don't need your help Fed 😜