How is the Year Half Gone? Goals Update for 2014
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Is it just me, or is this year flying by? What’s even crazier is that we’re traveling each of the next three months which means time will go by even faster; we’ll blink and fall will be here.
This is my second update on the goals we have in the Frugal Rules home for 2014. If you’d like to read the previous two posts, you can do so here and here. Seeing as I like to tell my readers about the importance of setting specific and measurable goals, I figure I’d better be doing the same thing. 🙂
To be honest, I was hopeful for this year but had no idea where it would go. I imagine that much of that goes back to our business and not knowing for certain how things would go this year. As many of my readers know, business has been going quite well this year which means a number of things, but mainly that we’ve been able to attack several of the goals I was really wanting to work on. Anywho, enough talk and on to the goals.
How Have the Goals Progressed?
- Start going to bed by 10:00 p.m. during the week…this one is still a huge fail, but we are making progress. We had been averaging getting to bed around 11:30 which is just not enough sleep if we’re going to get up by 5:00 every morning. We’re now moving closer to 10:45-11:00 most nights so I’ll take the progress.
- Stop snacking once the kids go to bed. This one continues to be a success. As I wrote several months ago we have completely changed our eating habits and have stuck to the routine for about six months now. Looking at our habits now compared to what they were a year ago I think it’s safe to say that we have effectively changed our habits, moving from eating much more in terms of whole foods and vegetables instead of pure junk.
- Use our exercise bike 3-4 times per week. I gave myself a pass on this one last quarter and this quarter I’m at about the same spot if not a little better. I’ve come to realize that my working out simply won’t happen if I don’t schedule it in the day. I’m averaging 4-5 times per week so I’m pretty happy with that and looking to add more things to my daily exercise routine.
- Add one more blog management client. I’m actually scrapping this goal. I had one client I was doing work for and they went another direction with their site and I’m not actively seeking this out anymore as I just don’t have the time to do it effectively with all of my freelance writing plus the business. Plus I have found that I really enjoy the writing aspect much more. That said, if you’re looking for a freelance writer, contact me. 🙂
- Buy another PF blog. I’m giving myself a pass on this one. I bought another site – Wise Dollar, in March and now have it up and running posting 2-3 times per week. For the time being I’m going to keep it at just this one site as I think owning two and co-owning Sprout Wealth with Grayson is enough PF blogs on my plate.
- Getting back to being serious about saving for retirement. As anyone who works for themself knows, it can be a challenge to save for retirement while being self-employed. This year we’ve been able to get serious about it again, thanks to continued business growth. We’ve maxed out our Roth IRAs and are at a little over 70% of my goal in our SEPs. Looking at the rest of the year, hitting our goal shouldn’t be an issue; in fact, we might even hit my crazy stretch goal. Scottrade doesn’t allow for electronic deposits to our SEPs, so we just take our deposit in to the branch at the end of each month.
- Start actively saving for a new-to-us car each month. We decided against becoming a one car family several months ago and finally got started on saving money for a new-to-us car this quarter! We’re putting away at least $300 per month as we want it to match what we think a payment might be. The goal is to be able to pay cash for a car when it comes time to buy and this will give us a good way to accomplish that.
- Reach a better balance at home between our work time and family time. I’d love to say that this was better, but I’d be lying to myself. As I’m learning more about myself I’ve come to the realization that if I don’t schedule it then it’s not going to happen. I know it may sound a little silly, but it’s true.
- Take the little Frugal Rules to Disney for free right before New Year’s. As I said last time, we scrapped this altogether for a variety of reasons. My Mom and Stepdad are taking us on a Disney cruise over Christmas. We’re also driving to San Diego to visit my in-laws for three weeks next month to be followed up by FinCon in September. We have added a family trip to Chicago in October (all on points of course) so the late summer and early fall will be a busy time for us. We’re also actively churning some credit cards as we speak for some travel in 2015.
Taking a look back at our progress on our goals the first half of the year I’m generally happy with where we’re headed. We’ve done great on the retirement front and our other financial goals, but I do have some work to make up in other areas. With that in mind, it just goes to show you that there is always something to work on. 🙂
How are you progressing on your goals for the year? Is there anything new or exciting going on in your area of the world?
Photo courtesy of: Dan Markeye