How do you motivate yourself to do something that feels hard?

You’ve got to have a goal. Without a goal, there’s no fire lit under you. You have no ‘why’ to inspire you to take action when life is already full and there are so many things that need your time and attention.

>> I have a lot of things on the “save money” to do list… more like things I can do to save money (such as hanging laundry instead of putting in the dryer & baking cookies for my kids instead of buying store bought). I am currently lacking the drive & inspiration. <<

A year ago I shared my goal to pay off our mortgage early. It was very ambitious – it felt like a fantasy when I set it. It wasn’t realistic to put aside the amount per month that I based my goal on. Not at all realistic. But it gave me so much motivation and I kept finding more and more ways to save money and put the extra onto the mortgage, even though I never hit my unrealistic target number for the amount I wanted to save each month.

As I watched the mortgage principal melting away, it was a thrill of its own. I chose to shorten the length of the loan rather than have a smaller monthly payment, and each time I paid a portion of the principal off, I saw the loan length drop. It made me want to throw every extra shekel at the mortgage, and I did.

Our mortgage was split into two parts; the first part is miraculously now paid off completely. I can tell you most definitely that if I hadn’t set that goal, it would be years from being paid off.

My original intention was to pay off the entire mortgage (ie both parts), but when the first part was paid I paused. I wanted to consider if that was still the best thing for us to do. I spent a lot of time thinking about if instead of prepaying the mortgage, perhaps it would be better to use the money for something else that could be an asset for retirement.

I’ve finally decided that having a paid for home is also preparation for retirement, and have reset my goal of paying off our mortgage completely. This has given me a financial shot of adrenaline as a result of the clarity that it gives me.

Will I hit my target goal? We’ll see. It will take a lot of determination and focus, and it will mean putting other things that I’d like to spend on to the side – like renovations – I really don’t want to wait until the mortgage is paid off. But my goal is what gives me the motivation to track my expenses, budget and spend carefully, hang laundry and cook from scratch. I’m doing all of those things to achieve a goal that matters to me, and none of it feels hard. It’s the opposite of hard – it’s energizing.

Why does this motivate me so much? At this stage of my life, what’s more important to me than more money, is more time.

Paying off the mortgage shaves away years of payments and thinking about not having a monthly payment gives me a sense of freedom, flexibility and increased time.

That’s my why.

Now, sit down and write down what you want your life to look like. Brainstorm alone, or together with your spouse. (I recommend setting a shared financial goal if you’re married.) What is really important to you? Why is it important? What do you want instead? What would that look and feel like?

Clarifying and setting your personalized goal is what will give you the incentive to change your habits and do something unfamiliar or uncomfortable.

Avivah

Years ago, I saw this message on the propane pump when I was filling up my car.

Here’s a close up of the notice.

I noticed it and casually wondered what it was about but didn’t take down the number.

I use this gas station regularly and a year or two after seeing this message, finally saved the number to my phone.

I didn’t call. After all, how much of a savings could it really be? They probably wanted to sell me something, and wanted to hook me by signing up for a puny discount on gas.

A year or two ago, I asked someone at the pump next to mine filling up at the cheaper price how he got that price. He told me he signed up and saves a half a shekel a liter. I resolved to call to ask for details.

I didn’t. More excuses – I didn’t want to set up a direct deposit to a gas station, I wouldn’t be able to track my spending, maybe they would compromise my bank details. Maybe it was a scam.

There was procrastination and then forgetfulness, forgetting to write into my planner to make the call. (What I write down gets done, what I don’t…well, it might get done eventually – or not).

Did I mention I’ve been using this gas station and seeing this message several times a month for years? That was a lot of potential reminders but I didn’t act on any of them.

Almost five years later, being inspired to keep my savings rate stable even as prices are going up and seeking options to do that, I finally called.

The person who answered told me there were two ways to get the discount and it sounded like both of them entailed setting up a direct monthly payment. She told me next time I was in the area to come into the office, fill out some forms and I would be signed up.

One day soon after I went to the office and told them I was there about the discount for propane. She asked me, “Do you want to set up a direct monthly payment or would you prefer a discount card?”

A card sounded better to me, but how would that work – wouldn’t I need to sign up to get it?

“You don’t need to sign up for anything. Take the card, insert it in the machine and it will set the price to the discounted rate, and then pay with your credit card like usual.”

“That’s it?”

“Yes, that’s it.” She handed me a discount card, and within two minutes I was in and out of the office. So incredibly easy and fast.

This is one of two gas stations that I regularly use – I don’t want to think of how much money I could have saved in the last five years if I had just picked up the phone and asked a question when I first saw the notice.

We all sometimes make excuses and tell ourselves stories, rather than getting information and taking action. Is there anything you’ve been postponing dealing with that might save you money?

Avivah

I was speaking with someone about finances a few months ago and mentioned that I’ve kept our expenses pretty stable as our income has gone up. He told me I should relax and enjoy my life more.

That was a strange thing for me to hear and it didn’t resonate in the slightest. I’ve chosen a material standard that I’m comfortable with. I have a spacious home that allows me to host my married children comfortably. I have a car that runs well. I have plenty of food and clothing for my family. My bills are paid.

If there’s something I want, I get it. But I don’t have a lot of wants. We’ve created a life that I don’t want or need to take a vacation from, and I feel abundant with all aspects of my life. I’m not living in lack or denying myself by spending our money intentionally.

This person was expressing the position that if you make more, you should upgrade your life accordingly. This is what is called lifestyle creep, and why so many people will never get ahead. As they earn more, they feel they deserve a nicer car, a bigger home, more exotic vacations and eating out multiple times a month. They can have more, so they feel they should – and they upgrade accordingly.

They’re earning more, perhaps even substantially more, but they aren’t saving or investing significantly more. Lifestyle creep will cause someone to continue living paycheck to paycheck, regardless of how much money he earns.

Money management skills fall into two broad categories- earning money and managing what you have (spending/saving/investing). My personal definition of frugality is intentional spending. Intentional spending is an inherent part of managing your money, and why frugality skills are valuable to learn.

If someone has a low income and is frugal, he will maximize what he has and can meet his needs even when the numbers are tight. If he doesn’t, he’ll be in debt and live hand to mouth forever.

We easily could have been poor and gone into debt with our income level. When we had around seven children, the accountant preparing our taxes said although he worked in the Orthodox Jewish community, he wasn’t accustomed to seeing numbers like ours. While I experienced our income as comfortable, he couldn’t understand how it was possible that not only weren’t we in debt, but we had savings. He was intrigued and impressed when I explained It was about making choices as to how we spent our money.

Since I’ve been blogging for eighteen years, the choices we made aren’t a secret – I’ve shared a lot about that.

If a person has a higher salary and is careful about his money, he’ll manage well with more just as he managed with less. Someone who isn’t intentional with his spending and engages in lifestyle creep will often have lots of expensive toys but a minimum of savings and investments- and many times he’s in debt. I used to be shocked by high earners who have little in investments and are debt leveraged up to their eyeballs, but not anymore.

Learning to mange lifestyle creep is critical to getting ahead with your finances.

I am convinced that how we spend money isn’t exclusively about what our expenses are, but a deep reflection of our values and how we define our worth.

Why do we engage in lifestyle creep? What are we telling ourselves when we decide to upgrade? Do we see ourselves as more successful or worthy people when we can buy or acquire more?

To be clear, I have no bone to pick about upgrading your life and am not suggesting that no one should ever have nicer things when they have the financial capacity for it. I strongly believe that everyone should spend his money in the way that brings him the most value. There are things I can now afford to do that I couldn’t do in the past, like pay for private speech therapy for my sons with special needs, and I’m so grateful I can do it.

I am advocating for intentionality and thoughtfulness about raising your level of spending. Learning to be content with what you already have and saying ‘no’ to lifestyle creep will be a big boost to your finances.

Avivah

Often people say they don’t have time to do money saving activities- they’re just too busy.

I empathize with how full life can be – overwhelmingly full, even.

There are two parts to my response.

The first is that very few people are completely honest with themselves about how they spend their time, and that leads them to think they have less time than they do.

Nine years ago I began tracking my time throughout my day, and I did this for many months. It was incredibly eye opening. It showed me where I actually spent my time, how much time I spend on those activities, and how much time I wasted with nothing to show for it.

Time tracking is like money tracking – it lets you know what you have and where it’s going. I’m not suggesting you track your time but I’m positive that if you did, you’d find you have much more discretionary time than you think.

I think just as big an issue as not having an accurate idea of how your time is spent, is the fact that no one wants to spend their time doing things that they associate with drudgery and deprivation.

Everything takes time. It takes time to shower, to get dressed, to make your food, to eat, to take care of your children and to drive to work. It takes time to go to the gym, or take a hike or a vacation.

Life is full of time consuming activities. Just like with money, it’s potentially empowering when you realize YOU get to choose to spend your time in a way that brings the most value to your life.

I deeply appreciate having peace of mind around finances. I like knowing that my family always has food and clothing, our bills are paid, and upcoming expenses are budgeted for. I like being relaxed when the holidays come around or when my children get engaged and married, knowing that I’m prepared for all of the related expenses. I like living without deprivation and without worry about debts. This is fundamental to my quality of life.

It’s not our income that has created that peace of mind, but how I spend what we have. Right now we have a comfortable income, but even throughout all of the years that our income was much, much lower (most of our married lives), living frugally has consistently created a high quality of life for our family.

So I spend time tracking our income, budgeting, meal planning, shopping carefully and doing a lot of things myself rather than hiring others to do it for me. I enjoy doing those things and have a sense of satisfaction around them. I see the value of them and I associate them with an abundant life.

I suggest that if you were to associate money saving activities with being able to live your life in the way you want, you’d also find enjoyment in them. It’s much easier, even with a busy schedule, to make time for the things you enjoy doing.

You have all of the time you need. But you have to use it intentionally, you need to be conscious and aware of how you budget it, so that it will add to the quality of life you want to have.

Avivah

Everyone wants to hear about a hack that will save them thousands a month. But there are very, very few suggestions like that out there.

If you want to cut your expenses, there are almost endless ways to do so. The problem is the small things seem so small and inconsequential that most people think it’s not worth their time and effort.

The truth is the little details add up and add up and add up. I can think of so many small things I do, and each one by itself doesn’t seem like it matters, but my ability to save as much as I do is a result of these small things combined.

I love frugality. I think it’s an incredible tool and for me it’s been expansive and empowering. It’s so unfortunate when people look at frugality as deprivation and doing without. That’s not what it’s meant to be and I understand the avoidance a person may feel if that’s what they think it’s going to be for them.

Frugality is about knowing what you want and spending your money on what matters most to you, so you can have the quality of life that you desire.

For example, for us it was really important that I stay home with our children, and I’ve been home full-time for the last 28 years even when we’ve had a very modest income. Many people will tell you that you need two incomes to make it, especially with a large family. Frugality made it possible for us to have the luxury of a big family, avoid debt and have a rich quality of life.

Your money is like a leaky faucet. Those little drips of water seem like a small amount, but they will run up your water bill quite a bit! And if you save those little bits of leaking money, over time it adds up to your benefit.

We were working with a small budget and a large family for a long time and as the years have gone by, our income has gradually gone up and our resources have grown. It’s been like a slow moving snowball that picks up more and more speed as it continues downhill. I wouldn’t be where I am now without all of those small, consistent steps, day after day, year after year.

Consistent small actions will lead to big results. I couldn’t have imagined a few years ago that we would have been able to pay off as much of our mortgage as we have – I mentioned how much we have left to one of my married sons last night and he was taken aback by how small the amount was – but we kept putting extra towards the principal and it’s been exciting and almost magical to see the loan amount and loan length melting away.

I’m going to write about different frugal suggestions and tips, and encourage you to think about what you can apply to your own lives. Everything won’t be for everyone but don’t make the mistake of dismissing the suggestions as not being big enough to make a difference. They absolutely will add up. As the saying goes, “Look after the pennies and the pounds will look after themselves.”

Avivah

I’ve been thinking a lot about money and frugality lately, particularly with the price increases that went into effect.

The following costs increased in Israel as of January 1, 2025:

• property tax: 5.29% increase
• electricity rates: 3.8%
• water bills: 3.4%
• Value Added Tax (VAT): 1% increase (this is added to every purchase in Israel, other than produce)
• National Insurance contributions: rates will increase from 0.4% of income to 1.2%, a 0.8% increase

Tax credits will be frozen, we’ve been told public transportation costs will go up, food will continue to go up – everything is expected to get more expensive. That’s not such a pleasant thought, particularly as we’ve experienced inflation and rising prices in the last few years.

I’ve read a number of articles about the price increases and the message of every single one is that they are going to negatively impact our society. It doesn’t resonate with me to tell people how much worse off they’re going to be, because I don’t like narratives that turn you into victims. It never benefits you.

You have choices in every situation that can improve your situation in some way. Sometimes life is hard, even very hard, but there are still better or worse ways to think about and deal with your situation.

My approach to these increases is to ask myself, and a question I encourage others to ask if they’re concerned about prices going up, how can I make the coming year as good or better than the one that just ended? Is it possible? I think so and that’s my goal for the year to come. For that to happen I’ll need to be more intentional about goal setting, budgeting and spending.

When people complain that things just keep getting worse and never get better, I wonder if they’ve lost sight of the bigger picture, as we live in a time of unprecedented abundance.

You have clean running water and indoor plumbing; chamber pots and outhouses aren’t the norm. You can take a hot shower inside your own home. You dress in clothes washed in a washing machine, you don’t boil huge pots of water to do the laundry or scrub it down at the river’s edge. You turn on your stove and oven with a flick of a dial – my great grandmother had a wood stove and cried with happiness when she got a gas stove. The physical effort you need to expend on a daily basis to provide for your needs is miniscule compared to the past.

You have stores filled with a variety of food products unimaginable to past generations and can find just about everything, regardless of seasonality. You have large quantities of inexpensive foods in every store in your country. You don’t have to stand on food lines waiting for hours for your one allotted loaf of bread, only to find out that there’s none left and then you need to stand on the next line for your allotment of potatoes for the week. You can buy whatever quantity that you want.

Clothing and household goods have never been less expensive and more easily acquired. You often don’t even have to leave your home – click on the computer to order and it arrives at your door a day or a week later. I have a clothing order that’s supposed to come today that I ordered from overseas less than three weeks ago; in the past my orders came within a week and I feel as if something’s not right for it to have taken so long to get here! When we get used to luxuries, we take them for granted.

Thrift and second hand stores are filled with items that are in excellent condition, often unused. My daughter volunteered at a clothing gemach and told me the quality and quantity of donations is so high that they don’t keep anything missing a button, needing any kind of repair or not in perfect condition or out of date. That reflects a level of material abundance that didn’t exist thirty years ago.

So being grateful will make you a happier person. Being more content and positive about life is worthy of the effort on its own. But when it comes to money, it’s not putting more money in your pocket, is it?

Maybe it can. When you feel grateful for what you have, you feel less entitled and more willing to consider different options. When you focus on all that you have, you need less. When you recognized you need less, you buy less. When you buy less, you have more money to put into savings. And that happens without feeling deprived and unhappy.

Avivah