Track Your Savings

[corn18]

Seems to be a wonderful trend going there.

[Petunia 100]

Target Savings : Apr 2014 $2,000
Actual Savings : Apr 2014 $3,138

I suggest you start a blog.

[JeffG]

I hate these types of things. Sure it sounds like a good idea but then you see other people saving more money and it's heartbreaking!

[corn18]

You could visit this thread instead:

What's your biggest debt

[Randomsaver]

Target Savings : Apr 2014 $2,000
Actual Savings : Apr 2014 $3,138

Target Savings : Apr 2014 $2,000
Actual Savings : Apr 2014 $3,423



jeffg, there will always be people saving more and less than you so it's a washout. the thing is to compete with yourself and that is why the format is to have your own "target" on the first line.

tomhole, that's hilarious I may check that out when I feel down.

petunia 100, I checked out the blogs but it's not for me right now but I appreciate the suggestion.

[snafu]

We strongly believe in 'Pay Yourself First.' 10% of any money, no matter the source goes to a linked Savings Account. At the end of each month, whatever sums are left in chequing less items not yet processed is likewise swept to savings with a few click on computer. When there is sufficient sums to buy my next planned portfolio purchase or real life purchase that plan is actioned. It's totally shocking how much money this simple plan generates in a year.

We've been working on curbing impulse purchases for several years. In our experience, major items bought without some research ends up a disappointment so we've developed a 'bucket' list of wishes which we try to tie to sales or best time to buy like cars, weekday, near end of month when salesmen are thinking about their stats and commissions. When this started I noted 'Cost Avoidance' the difference between original cost and the sum actually paid.

[Randomsaver]

Target Savings : Apr 2014 $2,000
Actual Savings : Apr 2014 $3,423

Target Savings : May 2014 $3,000
Actual Savings : May 2014 $3,708

[bigdaddybus]

Nice work exceeding your goal so far!

Quick question, do you have a seperate emergency fund? Say you have an unexpected $1500 expense in July, does that come from this or an EF?

Just wondering, the way I do it is I have 8 linked savings accounts with different names(goals) like Medical deductible that stays at $3,000. Or Vacation fund, or roof fund, and a "general savings account" that has varied tremendously over the years as it builds up then we allocate the money.
Like others have said, our retirement money is on autopay

[Randomsaver]

bigdaddybus, where's hitgirlbus?

thanks! i've not segregated an EF account so it will come to my savings account. my gameplan is just to set aside savings to hit my target and anything in excess is fair game (can be used for vacation, EF, gimmick).

[Randomsaver]

Target Savings : May 2014 $3,000
Actual Savings : May 2014 $3,708

Target Savings : May 2014 $3,000
Actual Savings : May 2014 $3,918

[Randomsaver]

Target Savings : May 2014 $3,000
Actual Savings : May 2014 $3,918

Target Savings : Jun 2014 $4,000
Actual Savings : Jun 2014 $4,203

[Randomsaver]

Target Savings : Jun 2014 $4,000
Actual Savings : Jun 2014 $4,203

Target Savings : Jun 2014 $4,000
Actual Savings : Jun 2014 $4,488

[cyreneq]

September 20, 2006 - I wrote myself I check for 10 million dollars to cash within 10 years.

Man...I aimed high.

Not even close. But I still have 2 years to make it happen! Only made almost 1% progress, 2.5% if you count net worth.

[Randomsaver]

Target Savings : Jun 2014 $4,000
Actual Savings : Jun 2014 $4,488

Target Savings : Jun 2014 $4,000
Actual Savings : Jun 2014 $4,698

[Randomsaver]

I'm glad more guys are jumping in. Let's do this !