Practicing Contentment Will Make You Rich

contentment

So will the stock market, discovering gold or oil, creating a pyramid scheme, inheriting a wad of cash or inventing the next big cell phone app. See none of these in your future? Worry not, I have found the answer to all of your financial woes: enjoy the life and possessions you already have. The End. Just kidding, I have more to say. But if that’s all you take away from this post, that’s enough for me. Not only will this practice breed a more grateful attitude, you will spend less money.

As previously mentioned, I have been in a season where this idea has had to be put into practice day in and day out. Learning to be still and trust that the past few months have been rather boring is not an excuse to spend, (though everything in me wants it to be). It would be very easy to fill my days with needless shopping, eating out and pricey adventures. Instead I have tried to practice more giving, organizing the home in ways that make me more comfortable for the time being, spending time with people I care about and plotting out fun future plans. Can you imagine how much money you’d save if you enjoyed all that you have from relationships to the luxuries of your home without paying for new things all the time? After all, it’s only the past few generations that have even considered something like shopping a way to pass the time.

It’s easy to lose the excitement you once felt when you bought something new for yourself. How does one get that back? Or rather, is there a way to simply appreciate it again the way you once did? Waiting to buy is one way to ensure a lasting love for said object. A very popular exercise in the frugal stratosphere is to wait at least thirty days before making a purchase. That way you know that if after a month of waiting, you still want the item, it might be worth getting. I have practiced this effectively and not purchased many a gadget because of the time I took to think about it. Alternatively, I’ve had it backfire and watch things go on sale, then off sale, to then no longer being available. In the end, I wanted it more than I did in the first place! Of course that was more me waiting ninety days, so the problem was really user error. I recommend giving it a shot on the next want that catches your eye. This includes things like clothing or books, which most of us don’t usually give a second thought before swiping our money away.

My husband and I recently took a course at our church where a financial advisor came in and spoke to us for a few hours. One of the things he said that I thought was a very helpful reminder was “it took your parents twenty-five to thirty years to have what they now have”. I think it’s easy for my generation to forget that slow and steady wins the race. Many of us have little memory of the struggles our parents had when they were starting out and we were so young. All we see is them now; financially free, possibly retired and not stressed about money (hopefully). To imagine waiting another thirty years to “arrive” discourages me beyond belief, but I believe the principal at heart is very important. We have to be patient in our financial journey and can’t expect everything to fall into place with the snap of a finger. Everyone has their own mission that is specific to their circumstances. One of mine is not to be homeowners simply because we’re in the right life stage, have a stable a career and a kid on the way. We would be fools to use all we’ve saved that way before we know what lies ahead. Besides, the more time we spend saving, the less time (and interest) we will spend paying down a loan. And being that we live in California, not many people we know are even on this path yet. For others, this is the age you do that, and good for you. I especially admire when people know where they want to live and plant roots so early in their careers. For us, it’s a little muddier and that’s okay for now. At least that’s what I keep telling myself. ;)

This past week I’ve been feeling more happy than I have in a while and I wonder if it’s not because I am starting to get the hang of this contentment thing. It feels good to spend less and know I’m making money by not touching what we already have in the bank. Setting up an automated savings plan has trained my brain that there is a certain amount in our account that is now off limits every week. I’m looking forward to a lot of big and small plans that August has in store. I’ve said this before; it’s very helpful in one’s journey toward contentment to look forward to what lies ahead. I’m on the upswing from months of feeling like a prisoner in my own body due to pregnancy sickness. And the best season of the year begins next month! That’s what I am looking forward to most. What can you put into practice starting today to make a positive change in the way you see your future and present circumstances? It might be as simple as counting down the days until you can take out the fall decorations. What a fun activity for the whole family that doesn’t cost a dime! We frugal types have to get creative during life’s slow seasons and I’m interested to hear the ways you fight the urge to spend and even subsequently save. We can inspire each other!

Guest Post: A Frugal Family’s Favorite Splurges

Written by Beth Castle

As a big fan of the budgeting ideas expressed in Knuckles & Twine, I was honored when Sara asked me to write a guest entry about a new (to me) app that I’ve been enjoying lately called Shopkick. I’ll go into more detail about why I love Shopkick below, but in penning this post my mind also wandered to other frugal “splurges” that my family enjoys, and Sara graciously agreed to let me highlight some additional inexpensive (or even free!) indulgences.

I’m the mother of two sweet boys ages two and under, and I stay home to care for them while my husband’s sole income provides for the family. Needless to say, in a high cost of living area like Los Angeles, we live very frugally to make that happen. Over the years we’ve worked hard at organizing our budget, and we don’t really have a lot of disposable income. Because of that:

Shopkick is a real treat! I first read about the app in a homemaking magazine I have a subscription to, and I eagerly downloaded the app to my iphone about a month ago. The idea is that you collect “kicks” by simply walking into participating stores and/or scanning highlighted products once inside. Once a certain number of kicks is attained, you can cash in your total for gift cards. (I know, right!?)

Now, I’m a skeptic when it comes to free money, but think from the perspective of the stores/products that participate. People don’t really watch commercials anymore, so there are a lot of ad dollars to be tossed at an app like this because it specifically leads to foot traffic as well as eyeballs on select merchandise. Makes total sense to me. Foot traffic and eyeballs are suitable answers when my suspicious brain inevitably asks “what’s in it for them?”

The app uses your location to highlight compatible stores in your area (think Target, Best Buy, Office Depot, Macy’s, etc.) and clearly tells you how many points you could earn by walking in the door (note: be sure to have your app open when you enter or it won’t count). Some stores also host products that you can scan using the camera on your phone for additional kicks while you’re shopping. One can earn extra kicks by linking a card and purchasing certain products through the app, but I haven’t used the app that way.

It’s pretty effortless to use as I run errands with my kids throughout the week, and without really going out of my way it took me about three weeks to earn enough kicks for a $10 Target gift card. Other prizes include gift cards to iTunes (my husband’s preferred incentive), Sephora, Starbucks, and even Princess Cruises. (…though that prize would take a LOT of Target runs. Heh.)

To have approximately 10 bucks a month to spend on whatever I want is a treat indeed!

Though free gift cards may be the ultimate reward for someone on a tight budget, below are several more of our favorite indulgences and activities:

Museum freebies – Nearly all the museums in the city have free days. Our personal favorites are the Gene Autry Center, which is full of cowboy goodness and free the second Tuesday of every month and Kidspace Children’s Museum, which is free the first Tuesday of every month from 4-8pm. LACMA even has a ground breaking program that allows any child 17 or under to visit the museum at any time with an accompanying adult both completely free. Read more about that here

Redbox Tips – You guys, Redbox is an extremely inexpensive way to see movies, but you gotta use it like an adult. Meaning: check it out the night you’re going to watch it and responsibly return it the next day. After talking to several people, I’m convinced Redbox makes a fortune off of our laziness because it sounds like most folks rent a flick and either don’t get around to watching it right away, or forget to return it immediately. To rent a Blu-ray for a night it’s a buck fifty and a standard DVD is $1.20. That ain’t bad, but I can do you one better. Once you have an account, Redbox often sends you promo codes for a “rent one get one free” deal. Here’s an insider tip: you don’t have to rent 2 flicks to use the code! You can rent your choice film completely free simply by applying the code to that thing before checking out. We always upgrade it to Blu-ray for like 37 cents. Total. Niiiiice. (The moral is to ALWAYS try coupon codes. Always.) We haven’t paid more than 50 cents for a movie rental in years.

Keep an eye on Groupon and Living Social – I had to take a break from these sites because for a while it was too tempting to spend money on stuff that I just didn’t need. Sure it was a great deal, but when you’re on a tight budget it can be dangerous to peruse a list of “wants” (as opposed to “needs”) and then rationalize an unnecessary purchase from there. However, if you have a particular purchase in mind, these sites can be a real tool. For example, I like to get my hair cut every few months and I prefer to go to a nice salon rather than a discount barber. There are always haircut deals on these sites. I get $60+ cuts for a significant discount each time simply by perusing the salons offering deals. Also, we don’t eat out often, but when we do decide we want to splurge on a meal out we can see what’s in our area and get around 50% off our meal, give or take.

Babysitting swap – Okay, okay, this last bullet point might not apply to everyone, but I think it’s worth mentioning. The going rate for babysitters in our area is $10-15 per hour. We just can’t afford that. We went to a wedding last year and paid our babysitter over $100 to watch our (mostly) sleeping baby while we attended the festivities. Totally worth it for an occasion, but not something we can do all the time. Once our son was able to sleep through the night a bit better, we arranged swaps with another family. We would put our kiddo to bed, then our friend would come sit at our home while our son slept and we went to dinner. The next weekend, I would return the favor by hanging at her place while her kid slept and she and her husband had a date. I really think that’s the only way we could afford to go out. I can’t wait until my new baby sleeps better and we can comfortably begin these swaps again. Quality alone time with my husband is more than a splurge, it’s an investment. If we don’t have the funds to spend on a traditional date we just go walk around somewhere and talk to each other.

I hope some of those ideas help inspire some of your future splurges. It may take a little bit of patience or planning sometimes, but finding creative ways to treat yourself within your budget feels so much more satisfying than blowing money you don’t have on an impulse buy.

Sowing Or Reaping

sowing

Lately I’ve been reflecting on how little I have to say about the financial world. Blame it on the California drought, but man I’ve been in a dry spell with writing. See? That was a terrible joke. This is partially because I haven’t been on the hunt for any particular deals or working on any new DIY projects. In fact, I’ve been failing in some areas that are usually very important to me! I went about $150 over our grocery budget last month out of sheer laziness. Those smaller trips to the store for one or two items can really add up. But the nice thing is, there is really no consequence other than self-induced guilt. This is a welcome change from a few years back. I take comfort in that maybe for this period of our lives, we’re just steadily moving along and so there’s nothing beyond the regular (savings, retirement, bills) to strive for. I recently automated both tithing and saving transfers for the first time. It’s a great feeling, but leaves me with even less to think about! We finished being swallowed alive by my husband’s union initiation payments in June and had a few months off in our church donations due to a transition. Both things have helped us climb ahead and reach a very comfortable norm. A relief? Sure. Boring? Definitely.

One thing that I’m certain will breed more interesting topics to write on is that we are expecting our first child this winter. Oh the money saving tips and needed advice that will come with adding a new member to the family! I’m looking forward to the challenges.

MoneyBaby

It occurred to me that I have felt more like I have been in a season of reaping rather than sowing–but minus the satisfaction of a job well done. Enjoying the comforts of home and marriage has been nice, but it also hasn’t felt like the greatest accomplishment. I have been reminded many times that creating a life and all that comes with it, mainly being sick in multiple ways at once; is work in itself. I think it’s a little harder to see this stage of parenthood as that because we don’t have a physical kid in our arms to feed, put to bed, etc. But I felt contentment when I realized that what I am doing right now (suffering) is important and valuable–just not in the earthly form of a paycheck that I am used to.

And what does this mean for our finances? Well, nothing. Just that there is no second income to contribute extra to savings or splurge on things we don’t need. It’s been hard for me as I assumed these last few months before I really started showing would be where I worked the most and got in those last few big paydays before leaving the workforce all together. After all, I’ve spent the last four and a half years striving to get steady union work, and lately it has felt like the momentum was there and the offers were finally starting to become more consistent. Various non-negotiable family commitments this month prevented me from taking one job in particular that would have been the perfect high-paying send off from a producer who has given me some of my biggest gigs to date. But is that what is really most important? No. And is it even worth it when your health is at risk? The last job I worked was in my first trimester and I was throwing up on set, in questionable working conditions and stressed out of my mind because the director was a cold-hearted snake. Oops, did I write that out loud? There was no question I needed to rest after it came and went, but I am finally at a point where I wish I were working again and can’t due to other obligations. Not to mention the fact that some weeks I have as many as three weekday doctor’s appointments and there is no way I could work 60+ hours Monday through Friday and pull that off.

I guess my point is there are seasons in our lives where we think we’re only reaping the benefits of our labor (or our spouse’s)–but we are actually sowing and may not realize until later. I trust that where I am today is where I am supposed to be and take comfort in the fact that God knows better than me. It may not yet feel as satisfying as adding another accomplishment to your resume or receiving a check on Fridays, but there is no question it will trump those things in the long run. As adults, we hopefully know by now that most of life’s riches do not come in the form of money. Have you ever had a season of your life that felt boring and unaccomplished but actually turned out to be quite profitable (monetarily or otherwise)?

 

How Mooching Can Hurt Your Frugality

Attaining a quality frugal life is all about changing one’s character in regards to finance. It’s like they tell you in Weight Watchers: this isn’t a diet, it’s a lifestyle change. You will fall down and get back up, all the while making steps toward progress. Some weeks you gain a pound, other weeks you lose two. It’s the same with frugality. There are certain choices you can make that will enhance your lifestyle and others that will steer you in the wrong direction. Mooching is one of those character traits that the frugal could do without; and frankly, this should be obvious. But to some it appears to be a fine line; “I am saving money after all”. Let me just tell you  that mooching is not creative or inspiring to anyone.

The formal definition of a mooch is to ask for or obtain something without paying for it.

Sounds like a money savers dream, right? Careful. You don’t want to find yourself stuck in an unhealthy pattern. We’re all guilty of it. Ordering no fries and then eating our counterparts’. Over staying our welcome on a friends’ couch in between apartments. Drinking the last bottle of beer in the fridge when you didn’t bring any to the party. In all of these cases, context matters. It would certainly not be mooching if it were a trade off of some sort. Equally so if you are being offered a gift by a generous friend. Just because it’s free doesn’t make you a mooch. It’s your attitude that does.

A few months back, I read a book authored by the President of World Vision. He explained that when the organization goes to a third world country, they do not simply give money to a village and leave. They help an individual develop a certain skill and give them money to start a business with the expectation of being paid back. It is through this process that the person learns the value of a dollar and develops a sense of pride and responsibility for their business. Being made to pay the loan back is imperative for their lasting success. I found this to be a great illustration of why it is so important to be an earner in order to understand money management.

I’ve known people who struggle with finances and their response has often made me uncomfortable. Ranging from repeatedly discussing how they can’t afford this or that, to only being social if they are “hooked up”. That type of personality is no fun to hang around. But all to often, I’ve found their inner circle to be enablers. A rotating door of new friendships that have yet to pick up on the pattern and so indulge in what anyone’s instinct would be–to help out. Again, all of us pursuing a quality frugal life search for deals or attend free events– that’s not what I’m addressing. It’s the attitude that sets the mooch apart. Do you lack financial self-sufficiency? Are you always on the receiving end of the other people’s goodness? I have a solution for you.

If you take more than you give, you will likely not be a good saver or conservative in your spending habits. Conversely, the positive impact on your character through being generous is great. I have one friend in particular who is the most giving woman I know. It regularly humbles me. She’s brought me things when I was sick and lived alone, driven out to me from across town (a lot further than it may sound), showered me with gifts in celebratory seasons, calls on the phone for the important things and I am sure would bend over backwards to help if a need arises. What an example to me and everyone else in her life! You see, generosity need not be in the form of a dollar bill. Sure, it’s sweet to pick up the tab at lunch. But not everyone can afford to do that and that’s okay. Just the action of driving out of your way for someone speaks volumes. It shows you are offering what you can to someone you care for. And in my opinion, these simple gestures are a very important exercise to practice in order to distinguish yourself as frugal rather than one who relies on others to provide her various needs. What a small and wonderful adjustment we can all make in our lives starting today and what an impact it can have on those around us! You may not be a mooch at all, but we can all afford to be more giving of our time, skills, resources and sometimes money.

Spotlight: Airbnb

photo

Some of you want to travel this summer but can’t see how it’s feasible when you’re just barely paying all your bills and have a little leftover cash to splurge on a dinner out every once and a while. I’ve been there and I know how tough it can be. Today at the grocery store, I was in the detergent aisle and reminded of a time not too long ago when buying Bounce dryer sheets was a luxury. I had formed the habit of only getting them maybe once a year, as it wasn’t a necessity. This was so ingrained in me that when our supply ran out a few months ago, I never put them on the grocery list. Today I happened to pass them on the shelf, remembered we were out, tossed them in my cart and went on my sweet way. When I realized the ease at which I had done this simple action, I found myself in a moment of private victory at how far I’d come from just a few years ago. That’s why I want to share a really great way to earn side income to help pay off debt or get ahead with savings and it’s available to everyone–even those of you who think you have no special skills to earn money from a part time gig.

Because it’s summer and because I just got back from a successful vacation in which we were able to rent out our apartment while gone, I felt the need to promote a frugal person’s dream: Airbnb, a way to get paid while you’re out of town. It seems to have become a household word in most big cities nowadays, but for those who aren’t familiar, it is an online service in which you can host and/or stay at a stranger’s house and pay less than hotels in the area charge. You can rent out a spare room or your entire place. My husband and I have happily used Airbnb for stays in Santa Fe, Kansas City, Savannah, Charleston and Julian, CA. We became hosts this past Spring. It can be a little scary to trust people you’ve never met to respect your space, but I have found trying it once alleviates most concern (also locking closets). People are generally good, which is easy to forget in this day and age.

The financial benefits of this type of service are obvious. If you are leaving town to take a vacation of your own, then you have it partially paid for by allowing your otherwise empty place to house others. If you are visiting family or doing something equally cheap like camping, you are just earning money. How about that for a boost in income? All you have to do is spend some time setting up a profile, snap some attractive photos of your place to show off and give an appealing description of your neighborhood. I think it took me around two hours to do all that in a way I was satisfied with. I have found it to be very easy to book guests each time we have left town since making a host account. It helps to live in a desirable part of town, or one that is close certain attractions, but is certainly not necessary. Though location may help raise your asking price, as will multiple bedrooms and good reviews. Guests will book anywhere from months in advance to days in advance if you let them.

The website is free to use, but Airbnb takes a small percentage off the top of every transaction. It’s suggested that you provide some sort of breakfast options for guests, which we have done each time. It can be as simple as travel boxes of cereal or baking some scones (all of the ingredients for which you probably have already!), giving them access to your coffee grounds and some cream, etc. This can all be accomplished for under $10. You should clean your place well–which is the only real drag about the entire process. Making sure you have plenty of clean spare sheets and towels to go around, that the bathtub is sparkling and your fridge isn’t a disaster zone. Not mine of course; its contents are alphabetized, it always smells fresh and looks perfect. I just mean someone out there probably has this problem.

Maybe it’s because we are in Los Angeles, but I know a ton of people doing this right now. For us, it has strictly been about making the reason we are gone more affordable. I think this is kind of key for people who find themselves pursuing a quality frugal life–to address why you are doing it first. I was super inspired by this story over at the Mr. Money Mustache blog in which a Manhattan couple raked in an extra $2-4K a month by renting out a spare room in their apartment. They used all of it (in addition to other strategies) to pay down a very large student loan in under a year.

The main take away from this modern option for earning some extra cash is that you don’t want to be dependent upon it for your livelihood. I’d urge caution if you are already planning on how this can help you pay rent, for example. Desperate times can certainly call for desperate measures and it’s perfectly within your right if that’s what you need to do. But if you aren’t pursuing it for side income, but rather as a primary means of survival, it could form a habit that will not encourage a frugal mindset in the long run. Think longterm when being creative in money saving strategies–this doesn’t replace your job and isn’t a way to stay afloat, but rather a device to get ahead. It’s a great option for people who are my target audience; financially stable (or diligently on the path there) and looking for inventive ways to boost their income and future wealth. It should not be an option that has you sleeping in your car or at a friend’s every other weekend. Just some food for thought, as quality is in the title of this blog for a reason. Even if it’s a little scary to take the plunge, try it out and see if it works for you and your household. Let me know how it goes!

 

 

The Low Price of Sacrifice

What kind of sacrifices do you have to make in your daily life in order to keep a quality frugal lifestyle? And at what cost? Is it socially embarrassing at times? Do you decline invitations to eat out because you don’t want to waste the money, even if you have it? Maybe you intentionally skip the movie theater to wait for it to be “free” on Netflix. Or one of my personal favorites–refusing to pay for parking when you go out. I will drive around however long it takes until I find that street spot. Or take the subway if it’s easier.”Valet? No way!” I just made that up! Spread it. And I might add, LA makes it very easy to valet–we have them everywhere. Including The Container Store, people. It’s no joke. The pressure is on. Everyone has techniques they use to save money and at times, it can be a huge sacrifice. Sharing one car is that for us.

The future of family vacations

The future of our family vacations

Let me tell you folks, it isn’t easy. I’ve mentioned a few times that we’ve had a recent switch up with my husband’s job which requires him to commute to an office now. It has created a huge change in our car sharing dynamic. He will take it to work however many days a week he can unless I have some particular thing planned. Some of the time I’ll drop him off or pick him up because it’s very close, but the rest of the time he’ll take the bus. It’s a bit more of a trek for him to get to the office once off the bus than his last job, but it’s still doable. That creates a great amount of guilt in me on the days I use the car, so I try to limit it if I can. But the flip side of that is being stuck at home all day and only doing things within walking distance unless I want to PT it. That’s slang for “public transportation”. Spread it.

Besides the occasional “poor you” looks we get from people when we say we share a car (it was a choice!!) or having to coordinate with friends, (“Oh sorry, I don’t have the car today…can you come to me or are you free next Thursday and I can come to you?”) can be a pain. And it makes me feel bad because I certainly don’t want my friends making sacrifices because we chose this lifestyle. Most people are understanding–or just don’t care at all. I have to remind myself that this is the financially responsible choice that we made together. It wouldn’t work for everyone, but it does for us, even if it’s hard. Sometimes I see a friend’s picture on social media and I actually think to myself, “she could leave right now and go to Target if she wanted”. That’s when you know you’ve gone a little stir crazy.

This is what we look like when we do business with a financial advisor

This is what we look like when we do business with a financial advisor

In light of feeling sorry for myself, I decided to add up our estimated annual savings for those of you who have more than one car and may be persuaded to downsize. The good outweighs the bad most of the time. Because I’m incredibly math savvy, I have simply doubled the expenses associated with one car to predict what it would be for two. I’m sure there are instances where this is inaccurate. For example, I don’t know how much gas I would use if I had the car all to myself every day of the week. But this will give you at least a general idea of potential savings.

  • Car insurance for one car and two drivers is $130 with State Farm. This includes renter’s insurance. Car insurance for two would be $260.
  • Gas per month is $220 on average for us. Gas for two cars would be $440. We are lucky that my husband’s job is only three miles away, so even the days he drives haven’t really made a difference to what we were spending when he worked from home.
  • Maintenance is about $60 every three months. So let’s call that $20 a month for funsies. $40 if we had two cars. We get our oil changed every 3,000 miles and have yet to have any major work done because our car is still fairly new. This would obviously be different for anyone who drives something much older and needs new brakes, tires or a battery–none of which have popped up for us yet. Either way, everyone has to get an oil change and so we are still saving half the amount. And when the time comes to replace parts, that will be half as much as well.
  • Parking. In the city life, we have this wonderful thing called “street cleaning” that apparently keeps our neighborhood looking nice… When we had two cars, one was able to park in the driveway, but the other had to be on the street. There was one week where despite our driveway spot, both my husband and I got tickets for parking during street sweeping. Don’t ask me how we did it, but $152 later, we only need the driveway spot for one car. I don’t know how to calculate the savings of the possibility of a ticket decreasing, but just know that I’m getting rich slowly off of it.
  • AAA membership is $73 annually. I believe this would not change as you and your spouse can be on the same plan regardless of whether or not it’s for the same car. I actually added my husband to my membership before we were married because he didn’t have one and the cost hasn’t gone up or down since.

Our annual savings for one car is $4440, or $370 a month. These are all the payments we make that come to mind, which are surprisingly few. And that is without factoring in bigger maintenance or accidents. Some people spend this amount in car payments alone. Is that you? Do you need to make a change? What other areas do you sacrifice in order to save some major cash? Can you see the value in it despite the difficulties? Am I talking too fast? It doesn’t have to be savings in the thousands to be worth it. Try making your own list today and see if you’re pleasantly surprised.

 

Summer Saving Tips

cash

Don’t let the summer heat burn through your cash!

It’s that time of year…for beaches, sun and barbeque. Relaxation is the word of the season! Certainly the last thing on your mind is your saving goal for the end of year. But what better time to reevaluate your financial situation than the midway point of said year? Today I logged into our savings account to see what we’ve accomplished in the last few months, and honestly, it was a bit discouraging. Because we had to borrow from ourselves and then spend a few paychecks on reimbursement, it feels like very little has changed since the start of the year. But no worries–moving forward, not looking back, right? All you can do is learn from the experience. I guess the first question I should ask is, do you have a savings goal for the year? If not, there’s no time like the present!

After setting a goal, a good place to start is figuring out how much you need to put away every month in order to attain it. Calculate how many months there are before the end of the year, then subtract the difference between what is in your account from what the goal is and divide it by the number of months. Wha? In other words: say your goal is to have $100,000 in your savings by December 31st and you currently have $90,000. I would divide the difference, $10,000, by six (months). That would mean we have to save $1,666 every month from now until then. While this is systematic and helpful to see the bigger picture, I almost never save this way. I just do it to make myself aware of what should be happening, no matter how daunting the result. A little healthy pressure. I usually transfer money in clumps when a large amount comes in for some reason or another. Then nothing for one month. Then a little the next, and so on. I’m not sure this is the best strategy, but it has worked out for us so far (as in…last year). Here are some better tips for saving in the summer months when you’re often feeling lazy and in a savings slump.

1. Sell, sell, sell. Summer is THE season for yard sales. Try getting together with some neighbors or friends and combine your goods. You’ll attract more people this way. And be sure to advertise a lot! Even if you only bring in $100, that’s cash that you’ve moved from your closet to your bank.

2. Try an abbreviated version of the 52-week savings challenge, but just for the summer months. This is where in the first week of the year you deposit $1 into your savings, week two, $2, week seventeen, $17 dollars and so on. By the end of the year you will have saved $1,378.00. A reader once mentioned he was trying that out at the start of the year, and I’m anxious to hear how it’s going! I may even attempt it in 2015. But you really could hop in at any point in the year and just adhere to the same rules. For example, we are in week twenty-five right now. So if I started today with $25, by September 1st I’d have saved $330. That’s no small potatoes, people!

3. Save gift money if you’re a summer baby. I know it’s hard. I know those are your freedom fries! (That’s what that phrase refers to right?!) Your chance to get that skirt you’ve been eyeing or splurge on an Apple TV. But just think of the disappointment you’ll feel come December if you don’t make your goal. You won’t even be wearing that skirt by then! And Apple TV craps out on you. A lot. This works for other times of the year as well. Every Christmas that we’ve been married, my husband and I have received gift money from relatives and hung onto it. No regrets. I can’t even think what we would have bought with it had we splurged on something. Birthdays and holidays are kind of the perfect occasion to save cash because you are probably already getting something you want as a gift from someone else.

4. Abstain from purchases. Seems like the most obvious way to save. This summer, every time you want to buy something, add the cost to a list and keep a running total. Don’t buy it. At the end of the month or week (if you’re weak), put that amount in your savings.

5. Use your talent for side work. I have no special skills whatsoever and even I do this. Speak German or are really good at math? Offer tutoring on Craigslist at a special summer rate! I have a friend who has her cosmetology license even though that isn’t her primary vocation. One year, she was doing well with money, so she offered heavily discounted hair styling to all her friends. She drove to your house for the cut or dye and only asked that you pay what you can. She put it on Facebook, tagging everyone she thought would be interested and ended up developing a lot of loyal customers for a side job that wasn’t even really for the money. That’s kind of the key. You can’t be relying on this income to support yourself. It needs to be extra that you really will put away for a rainy day.

6. If you plan to go out of town, make it a diet vacation. You don’t have to go all out every summer. You can take a weekend trip, rent a place with a kitchen and cook most of your meals. Skip the lattes. Find free activities. There are always frugal options when traveling. It’s just hard to take them when faced with so much expensive and fun temptation. Take the leftovers and throw them at your goal.

7. Cash in your rewards from credit cards. This is tough. Credit card companies are so good at convincing you to use the rewards for a gift card worth $10 more than what you pay. What a great deal! Who wouldn’t want to use it that way? It’s free money on top of free money! But how about…just for the summer… using that cash to add to your savings. It’s not so bad when you limit it to a season, huh? Again, it may only be $50. But if you actually try most of these tricks, you’re looking at upwards of $1,000 come Labor Day weekend.

8. When you finish paying off a debt or bill, take that same amount you were losing monthly and start contributing it to your savings. It will feel like a seamless transition, which is the least painful way of doing it.

9. Airbnb. Rent your place out for a few days to make some extra cash. Summer is the season for people passing through town! See if you can go camping or stay with a friend or family member and save the money you make. Or use it as your travel funds instead of pulling from your regular money.

10. Save “loose change”. Went out to dinner and spent $27.01? Round up and remember to save $2.99 for that day. Your electric bill is $19? Pretend you paid with a $20 and save $1. If you do this all day, every day of the summer, that will add up to a lot of bucks. And it may even be incentive to stop spending as much money.

Your savings goal may be very modest compared to the example I gave above. Maybe for the entire year it is only $1,000 because you are also trying to pay down a large debt. That’s okay! Next year it can increase to $2,000 if your situation improves. Just remember to give yourself some sort of cushion for emergencies before you tackle the debt so that you don’t go into more debt when an unexpected situation presents itself. And have fun. Summer is a time take a break from the hustle of the rest of the year. Enjoy yourself while being responsible at the same time. No need to lose sight of the prize just because the sun is a little brighter.