2016 Goals: July Update

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We’re halfway through 2016 so it’s a good time to go over goals. Here’s how we’re doing so far this year and what we hope to do the rest of the year.

Happy Monday friends! It’s hard to believe that it’s mid-July already. At the risk of sounding like a broken record, I have to say that this year has been flying by. As I mentioned in April, this year has been a whirlwind. I was hoping to have my Dad’s estate wrapped up by now, but his mortgage lender is making that impossible.

I’ve learned a lot in dealing with the passing of my father, and that’s not even to mention the emotional aspect. Aside from that we’ve also traveled a few times this past quarter. Mrs. Frugal Rules and I went to the Hyatt Zilara Cancun in May and have done several long weekend trips as well.

We also have quite a bit of travel slated for the rest of the year. We’ll be in San Diego for the entire month of September. We were already planning on being there for several weeks, but when Fincon was announced to be held in San Diego, it made the decision easy for us. We’re both looking forward to some time back in Southern California and capping it with seeing some great friends at Fincon.

We’re also going out to Florida in late October to see my Mom and step-dad. That’ll also likely involve a day trip to Disney. We all know my liking dislike of all things Disney, and all I can say is my vote was vetoed by the rest of the family. Then, at the end of the year, we’ll be back to San Diego to celebrate an early Christmas with my in-laws and use up most of our SPG points prior to any fall out from their merger with Marriot.

As always, you’ll notice that I don’t have any specific and quantifiable financial goals. We obviously have them, but I expect to hit them so it’s a waste to list them as a goal. We’ve maxed out the employee side of our self-employed retirement plan (Solo 401(k)) and plan to do the same with the employer side. We’ve also maxed out our Roth IRAs for the year and will do the same with our HSA. With that out of the way, let’s see how we’re faring so far for 2016.

We’re halfway through 2016 so it’s a good time to go over goals. Here’s how we’re doing so far this year and what we hope to do the rest of the year.

Goals Update


Move into a new house. This is a pass.

As I mentioned last time, we moved into our new house in April, so this is an obvious pass. We all love the extra space – the kids are enjoying ample room it affords to play and Mrs. Frugal Rules and I love the devoted office space. The main downside is that things seem to be breaking down on us left and right – or at least it feels that way. Our lawnmower died a week after moving in, as did our vacuum cleaner, plus a few other odds and ends. Both were quite old so I guess it was inevitable but still, it stings some after putting down so much for the house. That being said, we’re still getting used to the house, but really enjoy it.

Lose another 20-30 pounds. I’m going to list this as a fail.

I lost 100 pounds last year on Nutrisystem, which was my major win for the year. I really wanted to shed another 20-30 pounds to hit my final goal. While I’ve been working out regularly six days a week I’ve not shed any weight, but, in fact, gained about 10-15 pounds. I could come up with an excuse, but that’s all it would be is an excuse. I’ve changed a few things over the past couple of weeks to see what they do. I’ve changed up my workout routine some and am cutting out as much alcohol as I can. I usually manage to keep my drinks to 2-3 per week, which doesn’t seem to affect my weight. That hasn’t been the case much of the year as I’ve been having several drinks (craft beer) each day. As my general diet really hasn’t changed, aside from the alcohol, I can contribute my weight gain to the extra beer I’ve been enjoying. To be honest, I can track exactly when my beer consumption went up and it was around the time of losing my father (as a means to dull the pain). Suffice it to say, I’m not proud of the result and am changing things now so I can move in the right direction.

Buy a new car. This goal is a draw.

We’re still actively putting aside $300 per month into our car savings bucket at Discover Bank. We also had a little left over from our house fund that we threw into the bucket so we’re making good progress. We may or may not hit this goal this year, but I’m obviously more concerned that we hit all our savings/investing goals first so we’ll see what happens with this one. Regardless, we’ll be saving to buy a car in cash as we don’t intend on taking on a car payment.


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?

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I'm the founder of Frugal Rules, a Dad, husband and veteran of the financial services industry. I'm passionate about helping people learn from my mistakes so that they can enjoy the freedom that comes from living frugally. I'm also a freelance writer, and regularly contribute to GoBankingRates, Investopedia, Lending Tree and more.


  • I was wondering if you guys like your new house!

    At our house, losing weight has become impossible. I feel like all I can do at this point is work to maintain the weight I have. We work out in some capacity almost every day and eat super clean. Turning 35 pretty much ruined my metabolism.

    • John Schmoll says:

      Yep, we love it!

      That’s pretty much the same for us. We work out 6 days a week, if not everyday and maintaining is usually what we do – it sucks getting old. 😉

  • Congratulations on being so close to all your savings goals for the year! I’ve maxed out my Roth IRA and I’m getting close to having my six-month emergency fund complete. I might increase that to nine months once I’ve reached my goal. Looking forward to seeing you both at FinCon again, John!

    • John Schmoll says:

      Very cool Kate! We’ve recently upped our E Fund as well to have 1 year of mortgage payments and six months of living expenses. I hate tying up that much cash, but it helps me sleep at night. Definitely, likewise!

  • I struggle with weight loss too. It’s amazing how much you can change your diet and exercise and still not see any weight loss. As Holly mentioned, the least I can do is try to maintain my current weight.

    • John Schmoll says:

      Yep, it can definitely be defeating at times. I’m trying to learn to be happy in being healthy and not on a specific number though that’s easier said than done. 🙂

  • Thanks for sharing, John. Sorry to hear you are struggling with wrapping things up on your fathers’ estate.

    It’s great to hear you are enjoying your new home. Doesn’t it always seem like everything breaks when you have so much other $$ stuff going on?

    I like the goal sharing – considering sharing my own on my blog as some added motivation. We are on target as far as investing goals go, but behind on paying down the mortgage with added costs of vacations and closing costs for a refi. Hoping to get back on track with that this fall.

    • John Schmoll says:

      Yea, it’s been one hassle after another with the mortgage company which doesn’t make sense as the house is just sitting there not being paid on. Glad to hear the investing goals are going well and can relate too well on the mortgage – we’re in the same boat in working to pay ours down.

  • A good reminder for me to review my goals! It’s crazy how quickly time passes and I try not to dwell on it too much. I definitely struggle with balancing everything when life is hectic. It brings the worst out of me. But somehow I make it through – which reminds me of how excited I am for a week-long vacation. It’s been a while.

  • Cool John! Congrats on the new house, even if it’s been a few months already. It’s fun to see the progress on your goals. Keep up the awesome work. ~ Brian Lund

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