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.

  • 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 5
      • QC
      • HaplessFinanceProfessional
      • Queenofcoin
      • 2 mths ago
      • Reported - view

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

      • xgirlmama
      • Purple_Griffin
      • 2 mths ago
      • Reported - view

      QC thank you!

      • xgirlmama
      • Purple_Griffin
      • 1 mth ago
      • 3
      • 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 3
  • 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 6
  • 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 4
  • 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 4
  • Will there be a 2021 challenge?  If so, when does this usually start?  I need just this kind of motivation after this crazy year!

      • HappyDance
      • YNABing consistently since 2014
      • HappyDance
      • 1 mth ago
      • 1
      • Reported - view


      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! :)

  • 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 5
  • We had finished our stated savings goal in April and then started on our debt payoff plan. However, we sold a car in September and had a little more go to savings in November, so here are those numbers:

    September Savings: $2584.26

    November Savings: $116.36

    Original Savings Goal: $6000.  Total Savings to date: $10,637.08. 

    Like 1
  • Oct - Nov Update:

    So the stress of my debt load had me stay away from any money thoughts. I've actually managed to sort myself out a bit with how I'm going to work with my money going forward. It also led to me making a fresh start, I wasn't keen on doing it because I want to take more advantage of the reports aspects of ynab. But I'm pretty sure I messed up with the cc's so figured I'd clean up my budget.

    % for end of the year will be slightly over 50%. One thing I loved, that I did for the first time this year is the 52 week challenge. My bank has goal setting games set up where they will automatically w/d your money, and this was amazing!I'd honestly say a game changer. They also let you set up automatic withdrawals if your sports teams win. So I'm going to go heavy on all those options next year. 

    So having said that my 3 savings projects didn't end up too badly. These saving pots are slow projects, thus, I didn't expect much.

    My Buffer goal for this year was to get $1650. I'll hit that next month. I'm currently at $1608.30.🎉

    I wanted $1500 by the end of the year to throw into investments I'm at $1077.41. Sucks, but, oh well. Maybe something will happen in a month.😑

    For another Savings pot I wanted $1000, I'm currently at $884.02 😞. This pot would have happened if it wasn't the debt drama I had end of this year. So I'm a bit sad about this one.

    The great thing about everything is I'll clear my current debt by the end of the year. Categories that I created for annual bill savings like car repairs, cc fees, car insurance look to be met by their due dates. 

    Things I'm stressed about is that I'm not living off last month's earnings anymore because I was trying to cover those other categories and, of course, my debt. Savings as a result suffered. 

    So how do I see this year ending? Meh. Some good, some surprises, some I can't believe I survived feelings. Definitely feeling stress for next year.

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