New Year’s Goals – Progress Update – End of Year Results

Unfortunately, I didn’t get to hit any of my 2013 New Year’s Goals.  We had a lot of changes throughout the year that really impacted some of our goals.

1) Reduce debt by 68.33%.
Target: 68.33%, Actual: 36.93%. Our financial priorities shifted a couple times throughout the year, and I didn’t get as much paid off of our student loan debt as I would have liked.  My wife had to cut her working days from 4 to 3 due to our daycare provider needing surgery, which forced us to change providers.  The new provider could only take our youngest for 3 days a week, because she already had another infant.  We also found out we were pregnant with our third child in 4 years, so we had to start saving for a larger vehicle and the eventual birth of our third child.  Then our renters decided to just skip town, so we had to start preparing for making two mortgage payments.  Needless to say, our student loan debt became a much lower priority by the end of the year.  For completeness, here’s a graph of the final progress:

DebtReduction.xlsx

2) Run a 5k.
I almost did a couple of these throughout the year, but it never happened.

3) Complete a bike race.
I didn’t do the one bike race I wanted, and never really got back into riding a bike like I thought after Blake was born.

New Year’s Goals – Progress Update – Eleven Months

I didn’t post this update last month, and that was for a reason.  We had to shift our finances around because we are having another baby, and it was too early to say anything to anyone yet.  Since this is our third kid in under three years, and we have two dogs, we decided we are going to get a minivan.  We could squeeze all three kids in the back seat of either of our vehicles, but it would be really tight when going on weekend trips (one of the two dogs already has to lay down on the floorboards with baby stuff as it is).  We go on weekend trips a lot to Megan’s family, because they live 2.5 hours away from us.  I won’t end up hitting any of my New Year goals this year, unfortunately.  So it’s kind of irrelevant at this point, but here’s an update on my 2013 New Year’s Goals:

1) Reduce debt by 68.33%.
Target: 57%, Actual: 36.13%. I’ll still follow through with this, but we are 100% not going to hit this goal.  Every last extra dime is going toward saving for a new vehicle.  This was a month where we could have made a major impact to this number, too, as it was an extra paycheck month for me.  Unfortunately, we might still have to finance part of the new car, so I might not be able to hit my goal of no more car payments.  But it should be a minor amount, and we should be able to pay it off quickly. Here’s a graph of the progress so far:

novgraph2) Run a 5k.
This isn’t going to happen.

3) Complete a bike race.
This won’t happen now that it’s cold out.

New Year’s Goals – Progress Update – Nine Months

Ok, it’s really late this month, but I still made it during the month.  We were gone for a week, and have been swamped planning our youngest’s first birthday party, so I completely forgot about making this post for the month.  Here’s an update on my 2013 New Year’s Goals:

1) Reduce debt by 68.33%.
Target: 48.28%, Actual: 34.73%. It’s becoming obvious that we’re not going to hit my original target for the year.  I should probably adjust it since Megan started working 3 days a week once she went back to work, but it’s sort of late in the year to do that. Here’s a graph of the progress so far:

DebtReduction.xlsx

2) Run a 5k.
I ran twice in September.  Since Megan joined her bootcamp class, I’m having a hard time getting in the running mode.

3) Complete a bike race.
This one most likely won’t happen.  We did go on a bike ride again this month though.

New Year’s Goals – Progress Update – Eight Months

I’m really late on this post this month, but we did make some progress.  It seems like we’re going somewhere every weekend right now, and things won’t slow down until at least later in October.  Here’s an update on my 2013 New Year’s Goals:

1) Reduce debt by 68.33%.
Target: 41.29%, Actual: 31.48%. We actually made positive progress so far, but that’s only because I took the money out of my flexible spending this month (which I’ve included in the plan).  This will be a tough goal to reach, now that Megan’s only working 3 days a week.  Here’s a graph of the progress so far:

goal-9-16-2013

2) Run a 5k.
I ran twice in August.  Since Megan joined her bootcamp class, I’m having a hard time getting in the running mode.

3) Complete a bike race.
This one probably won’t happen.  We did get out on the bike for the first time with Blake earlier this month.

New Year’s Goals – Progress Update – Seven Months

How is it already the 8th of the month?  Where does the time go?  July just flew by, and we have been really busy during these summer months.  Here’s an update on my 2013 New Year’s Goals:

1) Reduce debt by 68.33%.
Target: 36.98%, Actual: 24.07%.  Our daycare provider had to have shoulder surgery, so we had to switch to someone else.  The only good person we could find only had an opening for 3 days a week, as opposed to the 4 we were doing before.  So Megan cut back her hours at work, as that was about our only option.  That’s directly impacting how much we can put toward debt, so we might not be able to hit our target on this one now.  Here’s a graph of the progress so far:

2013-08-08 07_50_35-Clipboard

2) Run a 5k.
I only ran once in July, but I was able to run 1 2/3 miles without stopping.  That was surprising considering it’s been weeks since I ran.  Since Megan joined her bootcamp class, I’m having a hard time getting in the running mode.  I need to get back out there, especially since it’s not too hot out considering it’s August.

3) Complete a bike race.
This one probably won’t happen.  I really wanted to do the Tour de Donut, but we ended up with a scheduling conflict (and I didn’t prepare for it either).  I’m hoping we can start getting back out on the bikes again in the fall, when Blake can ride in the trailer (babies under 1 shouldn’t ride in trailers due to all the bouncing around.  It can cause brain trauma since they are still developing).

New Year’s Goals – Progress Update – Six Months

It seems like our expenses just keep increasing now that we have two kids.  I’m having a difficult time adjusting to the higher costs, and trying to determine what’s needed because of the kids and what could just be considered lifestyle creep.  Here’s an update on my 2013 New Year’s Goals:

1) Reduce debt by 68.33%.
Target: 32.68%, Actual: 22.19%.  We got behind because we decided to save some money to finish our basement ourselves.  We have enough saved to start making some serious progress, but we might have to stop and save some more later in the year. We can now focus on debt again.  This month, we actually hit what the target was, but we are just behind from previous months.  Here’s a graph of the progress so far:

2013-07-01 15_37_25-DebtReduction

2) Run a 5k.
I didn’t get to run much in June.  Megan joined a bootcamp class twice a week, and I play volleyball once a week.  That cut out three days a week during my prime running time, and it’s been difficult adjusting to it.  I only ended up running once, but we did get to go on a long bike ride (18 miles) this past weekend.

3) Complete a bike race.
I got to get on the bike for the first time since our second kid was born!  The in-laws were in town this past weekend, so Megan and I rode together for 18 miles.  We both had strep throat, and it rained hard for part of the ride, but we didn’t care.  It was nice to get out on the bikes again.

New Year’s Goals – Progress Update – Five Months

Time sure does fly when you have two kids under two.  This will be the last month I can say that, as my daughter turns 2 next month.  It seems like May is always a busy month, and then the summer slows down a little starting in June.  We’ll see if that trend continues this month.  Here’s an update on my 2013 New Year’s Goals:

1) Reduce debt by 68.33%.
Target: 21.5%, Actual: 11.45%.  We are still saving for finishing our basement, so we can’t put anywhere near the amount toward this that I originally planned at the beginning of the year.  The good news is that I think we finally have enough saved up to start making some good headway, so the debt reduction can start back up next month.  It’s a big difference to make up, but hopefully we can do it.  Here’s a graph of the progress so far:

debt-reduction-june.xlsx

2) Run a 5k.
I ran three times in May.  Not as much as I’d like, but it was a busy month.  Ideally I’d double that this month.

3) Complete a bike race.
It’s more time consuming to get good exercise on a bike.  A run takes me 20 minutes, while a good bike ride takes 1-2 hours.  This should be easier once Blake gets closer to one year old, as I could take both kids then.

New Year’s Goals – Progress Update – Four Months

It’s been May for a while, but I haven’t gotten a chance to post this until now.  Things have been pretty busy lately, which I always enjoy.  Here’s a quick update on my 2013 New Year’s Goals:

1) Reduce debt by 68.33%.
Target: 17.26%, Actual: 10.76%.  I originally planned on this being a big month (it increased by 8.5 percentage points), but it didn’t turn out that way.  We decided we wanted to save up a little bit of money to finish part of our basement this summer (by doing the work ourselves of course), and we had to set aside a bunch of money for some dental work that we weren’t expecting, so this month fell pretty flat.  I’m not adjusting the original estimate yet though, as I hope we can recover before the end of the year.  It’ll be hard, but I still hope we can do it.  Here’s a graph of the progress so far:

debt-reduction2) Run a 5k.
I started running a little when the weather got warmer.  I’m just starting a routine on it, but I still hope to run one this fall.

3) Complete a bike race.
This one will be a little harder, since it takes more time to get good exercise on a bike.  It’ll probably be later in the year when this training starts up.

New Year’s Goals – Progress Update – Three Months

It’s April, and the temperatures are just starting to warm up outside.  Things are pretty plain with this update, as everything went as scheduled.  Here’s a quick update on my 2013 New Year’s Goals:

1) Reduce debt by 68.33%.
Target: 8.79%, Actual: 10.06%.  We contributed pretty much as expected this month.  Here’s a graph of my progress so far:

Screen Shot 2013-04-05 at 7.18.26 PM2) Run a 5k.
I’m hoping I can complete this by the fall.  Haven’t started yet.

3) Complete a bike race.
Haven’t started this yet.  It’ll come once it warms up outside.

New Year’s Goals – Progress Update – Two Months

Since it’s March, here’s a quick update on my 2013 New Year’s Goals:

1) Reduce debt by 68.33%.
Target: 4.6%, Actual: 7.58%.  I cashed in what we had built up in our dependent care tax-free fund, and applied it to our debt.  Since we already paid the daycare expenses, I just took the money and applied it directly to debt.  I plan on doing this several times throughout the year.  Here’s a graph of my progress so far:

Screen Shot 2013-03-03 at 12.27.25 PM

2) Run a 5k.
I’m hoping I can complete this by the fall.  Haven’t started yet.

3) Complete a bike race.
Haven’t started this yet.  It’ll come once it warms up outside.