It’s so easy to whip out your credit card or debit card isn’t it ? I know I am guilty of using my debit card to pay for EVERYTHING. The truth is that we tend to spend up to 30% more when paying with a card. It doesn’t seem like it’s real money so we tend to buy things that we wouldn’t buy when paying with cash. In doing that we reduce the amount of money we have to pay down our debt. When using cash some people divide the money into separate categories (food, transportation etc…) and some people use envelopes. Use whatever works for you.
I am going to do a trial next week of only paying cash. I am going to go to the bank to take out the amount of money I have budgeted for the week and I will hide my debit card (from myself he he! ). I want to see what the impact is on our budget. I hope to even have a little left over at the end of the week. I will plan a little treat for the family with the money we have leftover (hopefully).
Wanna join me ??