2016 Goals Update: April Update
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It’s crazy to think that we’re already done with the first quarter of the year. The first few months of 2016 have been an absolute whirlwind in the Frugal Rules home. A lot of it has been related to managing my Dad’s estate issues, which has resulted in a lot of unexpected traveling – though a huge learning process.
We’ve also been in full-blown house hunting mode. We thought we had found the house for us in February. It was the perfect size, had all the features we were looking for and at a great price. There was one small problem – the sellers were less than reasonable in their negotiations.
In fact, they wouldn’t negotiate and they’d change their minds too often to count. After a month of going back and forth we decided to walk away from the house because they were completely unwilling to do anything we had requested from the inspection. It was a painful decision though we learned a lot from the experience. Thankfully the story has a happy ending, which I’ll share more about below.
Despite the craziness in my personal life, the site continues to do well. Our normal Thursday contributor, Erin, left at the end of March for another opportunity and after some thought I’ve decided to move to a three day posting schedule (Monday, Wednesday and Fridays) for the time being. Summer is typically a slower time for traffic and with the amount of content on the site it only makes sense.
In somewhat blogging related news, a good blogging friend of mine has written his first book! David, founder of Young Adult Money, wrote Hustle Away Debt to provide those struggling with debt the means to kill it through earning extra money. I’ve just started reading it, but if you’re looking for ideas to overcome the burden of debt and start a foundation to grow your future you should definitely check it out.
You’ll notice I don’t have a specific quantifiable financial goal listed. It’s obviously not that we don’t have any financial goals – because we do. I just expect that we’ll hit them. We were able to max out both the employee and employer sides of our self-employed retirement plan for 2015 last month and are planning on doing the same this year, along with our Roth IRAs and HSA. With that out of the way, let’s move on to how we’re faring so far this year.
Move into a new house. Remember that headache I mentioned above? Well, about 48 hours after we walked away from what we thought was our dream house we found one that we loved even more. The owner of this house was much easier to work, which resulted in a much more enjoyable process. That said, we close this Friday! You can see a pic of it below. It’s crazy how timing works.
We walked away from the former house on a Friday and our house was listed on Saturday. We did two walkthroughs on Monday and Tuesday and by Wednesday morning we had an agreed upon deal. While it was fast, we have a great feeling about the house and it should serve us well until the little Frugal Rules’ go to college or leave home. We honestly weren’t thinking we’d be buying this early in the year, but a few factors made us move to buy a house a little sooner than we originally anticipated.
The first was inheritance received from my father’s estate. We split it up to cover a number of areas – a house being one of those. The other is the fact that the real estate market in Omaha has a pretty significant supply issue so we wanted to act earlier in the year so as to not face more of a challenge during the typically competitive summer season. This also means we had to sell our current house. Thanks to low inventory in Omaha we had three offers within the first 48 hours of the house being on the market and will be closing on it in about six weeks.
Lose another 20-30 pounds. I’ll list this as a draw.
I lost 100 pounds last year on Nutrisystem, which was my major personal win for the year. As you can imagine with a lot of travel and busyness from looking at houses my workout regiment has been impacted over the past few months. Thankfully I’ve maintained status quo by watching what I eat over the past few months. Now that things have returned to a normal level of insanity I’ve gotten back to my standard six days a week workout plan. I’m keeping my $10 per month gym membership for the time being as we’ll be saving up to buy some sort of exercise equipment for our new house.
Buy a new car. This is a draw as well.
We’re still putting $300 per month into our Discover Bank savings account each month, but with us buying the house we’ve not done much beyond that. We’re significantly ramping up this savings now that we bought the house and will likely become a one-car family for a time by selling our other car so we can free up some extra cash. We plan on buying the new to us car in cash as the last thing we want is to take on a car payment.
It’s hard to think of what else could be in store for 2016, but we’re thankful to be on the other side of a pretty hectic past few months with our sanity intact. Mrs. Frugal Rules and I will have some much needed R&R as we go to Cancun to celebrate our 15th Anniversary about six weeks from now and we have some other fun travel planned for the summer months.
How are your goals progressing for 2016? How do you balance working on goals when life is really hectic? What’s new in your corner of the world?