Halfway through these finance challenges and this one is going to be easy for some and hard for others. I’m in the hard category….
This week is about stopping the swiping (even your debit card) and starting to use cash only for your non-bill purchases. You would be amazed at how you think twice when you know you only have so much in your wallet and when it’s gone…you are SOL.
You could do the Dave Ramsey envelope system. We have done that for our non-fixed bills like groceries and going out to eat.
For everyday spending, Joe and I call it our “allowance” for the week. It’s our own discretionary fund that we can spend however we want. We can spend it or save some for a rainy day.
Easy Challenge – Go cash only for one day
Medium Challenge- Go cash only for a whole week
Hard Challenge- Go cash only for an entire month!
What challenge are you up for?