$57,542 seems to be the savings total for 2016. The previous high was $55,622 in 2014, so I have managed to hit an all time high, which feels good (and is necessary to beat inflation ;-). It’s clear 2016 could have been even better though, if I hadn’t spent the money on the new computer/desk stuff, and if I hadn’t taken such expensive vacations.
I added in some new savings accounts I didn’t have in the spreadsheet before. It’s going to need some cleanup after the IRA and 401(k) rollovers, opening of the Betterment e-fund, and my recent trend of actually using my savings account for… savings.
I really wish the Google Sheets chart I generate would be even on the x-axis in terms of time. As is, it’s distorted and fixing it is too annoying.
If you look at the big fat red section, that represents Edward Jones. Understand, this graph represents my behavior — my contributions and withdrawals from savings. It doesn’t represent the actual account balances or investment performance. The balance on EJ accounts is now zero, so what the remaining $6400 height represents is loss from the investments in that account. In other words, I contributed $6400 to those accounts during this time span that I never got back. The IRA account may have done better, but $6400 is unacceptable. Ugh. Glad I’m out of that bullshit. And that’s not even considering the opportunity costs of those investments.
$57,542/$98,383 (take home pay based on $159k income, which is a little too high) = 58.4% savings rate. That seems good. Clearly I need to make better decisions about how I’m investing. I think Betterment is a great start to that.
Man, $98k on $159k, really? 38% tax rate. I pay more in taxes than I’m able to save for myself. Uggggghhhh.
I looked at the total savings and picked the first data point for every year to get a roughly even distribution in time: