The solution to nonlinear structural dynamics problems with time marching schemes can be very expensive, particularly if the desired time-periodic response takes many cycles to form. Two cost reduction methods, which need not be considered separately, are formulated in this work. The first projects the nonlinear system of equations onto a reduced basis defined by a set of modes computed with proper orthogonal decomposition. The second utilises a monolithic time spectral element method, whereby the system of ordinary differential equations is converted into a single algebraic system of equations. The spectral element method can be formulated such that only the time-periodic response is computed. These techniques are implemented for a planar elastic beam, actuated at its base to emulate a flapping motion. Nonlinear elastic terms are computed with a corotational finite element method, while inertial terms are computed with a standard multibody dynamics formulation. For a variety of actuation frequencies and kinematic motions, results are given in terms of POD modes, reduced order model accuracy, and computational cost, for both the time marching and the monolithic time schemes.