Insider Tip: My Strategy for Saving Money

To save money, I act like I don’t have any. 

That may sound odd. So I explained exactly how I do it in a recent story I wrote for Business Insider.

First, I actually like putting away money. As a child, I had my own little bank in the shape of a mailbox. I remember it being a gift from my grandfather, who’d worked for the United States Postal Service. I’d slide coins into the shiny mailbox and grew up learning that it was important to have my own money so I could take care of myself.

As an adult, I’ve set savings goals like traveling and having an emergency fund. The savings strategy that has consistently worked for me is the one where I transfer money out of my checking account, put it in a separate, online savings account with a higher rate of return — and then pretend like my stash doesn’t exist. 

If we’re lucky enough to be working, and to be able to save some extra money, this mind and money trick can be a way to save for education, debt reduction, a “freedom fund,” and more.

I think this strategy can be especially important now, especially for people who are fortunate enough to have additional money as typical spending activities are off limits.

Having savings in the form of an accessible emergency fund is important for many reasons. It provides some cover if things suddenly go south (with jobs, health, or other unexpected expenses). And having savings allows us to have a bit more freedom when it comes to choices like travels and even how we earn money.

Unfortunately, we can’t go to Europe now from the United States—or really move about freely. But, if we’re lucky enough to be working, and to be able to save some extra money, this mind and money trick can be a way to save for education, debt reduction, a “freedom fund,” and more. (I once used it to fund travel to Europe, across three countries, for a month.) 

Even with $20, $50, or $100 at a time.

So have you met your savings goals? Or do you want to? I’ll plan to revisit this topic again because it’s so important.

Read my story in Business Insider to see exactly how this game of pretend has helped me — and could help you. (Just remember this is not financial advice.)

Then feel free to follow me on this blog, and on Instagram and my YouTube channel (!) to keep up with my latest tips and news. Or feel free to comment or email me if you have questions.

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How 5 Lessons I Learned from a Furlough Can Help You in Today’s Economy

In the days before Christmas 2018, I’d been working as a writer and editor for a federal agency when I learned we needed to prepare for a possible government shutdown. 

On December 22, 2018, part of the federal government did shut down. In my office, the shutdown meant we were furloughed alongside hundreds of thousands of others. We could not report to work or receive pay; meanwhile, other federal employees had to work without pay.

I never imagined the shutdown would extend for more than a month, into 2019, and become the longest federal shutdown in history. You’d think I would have been worried, but I felt fine.

During that time, I did freelance work, reduced my expenses (while still enjoying life), kept my mindset positive, and more. In the end, the furlough was a helpful part of my financial journey.

If you want to learn more about working for yourself, I’m opening up a few spots in my coaching calendar to help anyone who wants a free chat about how to write or edit professionally—or how to move up in your career or make extra money freelancing from home.

Recently, I wrote about this furlough experience for Business Insider. You can read the entire article—including details on my five personal finance tips for then and now—on BusinessInsider.com.

And if you’re looking for a way to make extra money now (like I did then), it is possible. If you want to learn more about working for yourself, I’m opening up a few spots in my coaching calendar to help anyone who wants a free chat about how to write or edit professionally—or how to move up in your career or make extra money working from home. Because we do have some options, even when times are hard. And it can help to learn, and then take steps to get there.

P.S. In the end, the furlough confirmed for me (like other things in my life) that many events can help us grow. And even things that seem bad for us at first can be helpful. At least … they’ve been helpful for me.

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The World Still Needs Our Skills and Small Businesses

Pondering life in Washington, DC, in this throwback photo.

We’re in difficult times now. The news is sad, and this pandemic has changed our everyday lives and movements in ways we’ve never seen. As we’ve been encouraged to physically distance—leading to stay at-home-orders and business shutdowns—I’ve been thinking about what it means to own a business. And the role we can play in our economy, even as the economy contracts.

I settled on this: The world still needs our skills and small businesses. And we should continue to market them. Even now.

If you work as a consultant or freelancer, or own a small business, you might wonder if it’s still okay to sell your services. I wondered about this myself, especially since I’ve been developing more offerings for my success coaching program. And after doing some reading on this topic, I think it’s absolutely okay to market our services. And that we should.

⁣Small businesses contribute to the economy. And small business owners need our help right now. I just bought a face mask and earrings from Etsy sellers. I’m still assigning stories to writers as part of my consulting work.

For my part, I’m going to keep writing for media outlets and clients, working to grow my business, and supporting other business, too. If you’re able, I hope you will join me in giving that support.

With this in mind, I’m also keeping a few spots in my coaching calendar available for anyone who wants a free chat about how you can find success working for yourself (including as a writer or editor); find new clients; or just make extra money on the side, from home.

Our stories should be told. And companies still need help telling theirs.

Please feel free to email me or comment to learn more. Or if you just want a word of encouragement.

Your wellness matters. And your work does, too. ✨

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