At the beginning of the year, I made some pretty lofty savings goals for myself. After two years of allocating anywhere from 25-55% of my monthly budget for debt repayment, I was certain I could allocate 33% for savings in 2014. The first thing I wanted to do was top up my Emergency Fund to my $10,000 goal. Since I already had $2,300 saved, my goal was to save the other $7,700 in 2014 – or $642 each month. On top of that, I also randomly decided that I wanted to save $5,000 for retirement, which meant I needed to save an additional $417 each month.