May 01 2012

How to take a break from being frugal


Pinch The Penny

Feeling frugal fatigue? Getting tired of watching every penny? Feeling like you’re not really making progress?

It’s ok to take a break. Seriously. I’ve been there, and in some ways I’m there now.

Remind yourself of your financial goals.

Maybe it’s a pesky credit card debt that you want gone forever. Perhaps you need to finish your emergency fund. Or, you’re saving up for a  ____________ .

Whatever it is, remind yourself of why you’re trying to be frugal in the first place.

If you don’t have any major pressing financial goals, it can be hard to stick to a budget. If you’re already debt-free, have a decent cash cushion, and are saving enough for retirement, you might be wondering — What’s next? Why should I still try to save a buck if I don’t have to?

Well, in a word, freedom. Even if you don’t have major financial goals today, we can’t know what tomorrow will bring.

Unexpected medical expenses pop up. Things break or need repaired. And sometimes, we’re presented with an opportunity to go on a nice vacation, if only we had money available. It’s reasonable to stay the course with your financial plan. And it’s also ok to loosen up a little.

Our big financial goal right now is to max out both of our IRAs for 2012.

If you’re pinching pennies so hard that Abe Lincoln is calling, “uncle!” by necessity, it can be even more difficult to safely take a break.

Determine why you’re feeling frugal fatigue.

Are you depriving yourself of something you enjoy?

  • Maybe you love going out to restaurants on a regular basis, but have cut back.
  • Maybe you are tired of your bare-bones menu plan and are feeling uninspired in the kitchen.
  • Maybe you could use a new (and not second-hand, for once) outfit.
  • Maybe you need a little weekend getaway.
  • Maybe you’re sick of wearing shirts twice between washes, or line-drying everything.
  • Maybe your home is too cold or too hot for your liking, in the name of a lower energy bill.
  • Maybe you don’t want to reuse any more zip-lock bags.
  • Maybe you’d like to flush the toilet more often, instead of playing by the “if it’s yellow…” rule
  • Maybe you just want to go shopping, and not worry about coupons or sales

(I’ve done all of those above things in the name of being frugal, and have re-evaluated my practice of most of the above!)

Whatever it is, decide where you’re feeling too pinched.

Look at your overall budget and see if there are areas where you can cut back and not feel that pinch.

If you’re already meeting your overall financial goals, what would happen if you scaled it back a little? Say, not throw as much money into savings each month, and use it for fun stuff instead.

What would happen? Would you be in a bind, or would you have the wiggle-room needed to keep on saving something?

Sometimes, I think we’re too hard on ourselves. I think we compare our finances to someone else’s, and we feel we’re not measuring up. “If Lou-Lou only spends $xx at the supermarket for her family of 14, how come I struggle to spend $xxx for my family of  4?” and so forth.

Can you allocate your Swagbucks or MyPoints gift card earnings for something fun?

Cut back on your goal for a set, short period of time to give yourself a break.

Take a month off. Pay your bills as normal, but loosen up a little on your extra spending. To protect yourself from yourself, definitely consider going cash-only during this time so you don’t regret it later. Or, go cash-only for a certain category of spending if that’s easier.

Say you’re regularly putting $x in savings each month. Instead of saving it, spend it on whatever you want. Take a break. Feel no guilt.

The point I’m trying to make is this: Our finances aren’t determined by what we do with one or two paychecks; they’re determined by our long-term habits.

If our current budget is causing us to resent the whole process, we’re in danger of throwing it all away (or at least being really cranky for awhile). Instead, I’m proposing loosening it up for a short time to give yourself a break.

Throw laundry in the dryer! Flush that toilet! Go out to dinner! Turn on your AC!

You may get to the end of your break and notice you still are actually meeting all of your financial goals, and there’s no need to carry on with your grueling pace.

Or, you may find that yeah, you do need to be tough with the budget for awhile to get the numbers to work out. If that’s the case, then congratulate yourself for doing the hard work necessary to meet your goals.

A periodic break probably won’t hurt and it might help you stay the course for the long haul.

For more on the topic, check out the post I wrote earlier in my financial journey about no more deprivation in the name of being frugal.

Finally, to help ward off frugal fatigue on down the road, perhaps you can revamp your budgeting process. Automate as much as you can — do online bill pay for your regular bills, auto-transfer money to savings sub-accounts and retirement, and so on.

How about you? Have you ever gotten tired of being frugal? What did you do about it?

[This post was included in the Carnival of Personal Finance at Money Talks]

Apr 30 2012

Green and frugal family planning


Whether you’re hoping for more children or consider yourself “done,” I think everyone should read Taking Charge of Your Fertility*. It’s fascinating! I learned more about how my body works by reading that book than I ever did in health class. Never learned this stuff at the OB/GYN, either.

In those standard health classes in school, we learned that girls “typically” have 28-day cycles and ovulate on cycle day 14. Whatever! Some women may indeed have 28-day cycles, but ovulate on day 12. Or day 16. Etc.

If you’re TTC, it is helpful knowing how long your cycles are (including the length of your luteal phase) so that your 40-week due date will be more reliable.

To summarize the fertility awareness method taught in the book, you chart your basal body temperature (temperature immediately upon waking) and chart other signs to know when you’re fertile and when you’re not. The purpose of this is to see when you’ve ovulated, or if you haven’t yet. Some women aren’t ovulating at all, though they’re having a withdrawal bleed. Not ovulating could indicate a hormonal imbalance, thyroid issue, PCOS or other issues — some of which can be easily corrected.

This book does not teach the “rhythm method,” which can be a seriously unreliable form of family planning. Instead, it is the “fertility awareness” method, a.k.a. sympto-thermal method and is scientific. Temperatures! Charts! Data to analyze! Pre-technology, charting was a bit more time-consuming. You can download a free app or use their website to log your info.

(See TCOYF and Fertility Friend.) Love the Fertility Friend app — it’s so easy to use, and the basic version is free.

The cost? Cheap! Buy the book, and be sure to get the latest edition since it contains a huge appendix. I’m sure this book is available at public libraries, so go there or a bookstore to browse it perhaps. I think it’s worth owning a copy of this one, though, if you’re planning to use the method for pregnancy achievement or prevention.

Your other expense is purchasing a special basal body thermometer. A standard fever thermometer won’t work — you need a basal one. I picked mine up at Walgreens for like $9 and it’s ok, but I know there are better models available. I’d love one that lights up and that stores the last temperature for longer than a half-second like mine does.

So, for roughly $20-30 with the book and a thermometer, you can have pregnancy prevention or help with conceiving. Compare that to the expense of other methods, and charting is a frugal and green way to do it. (lol)

This method isn’t for everyone, but I think it’s worth investigating, simply for the increased knowledge about how women’s bodies function.

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Hey! I'm Kacie, wife and mother of 3. I write about my family's finance: how we save money, improve our spending, and plan for the future.

I hope I can inspire and encourage you to improve your situation. See disclosure.

I'm adopting a much slower-paced posting schedule, and treating this as a hobby blog now.

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