Post # 32
I second the envelope system. Subconciously it hurts more to spend cash.
My DH is a big spender and we are trying to stick to a budget now to get our credit cards paid off. So we each have the same amount of spending money for the month. I tried giving him his money for the month all at once… it was gone in a week. So now he has me dividing the money up into weeks and giving him a weekly “allowance”.
I am enough of a math geek and a saver that i plan ahead and think as the month as a whole but its like if he sees money… he’ll spend it. He has 5 dollars left to last him the next 10 days… i’m waiting for him to go over. he knows how much he has left but i’m sure he’ll spend it without thinking and ask me how much he has left… oh well its our first month so he’s doing very good considering his past spending habits.
He does get me to actually spend some money and have a life because i have a tendency to be too cheap sometimes.
Post # 33
@chicagoworkinggirl: the envelope system works wonders! i literally have dividers in my wallet for food, miscellaneous, gas, groceries, entertainment. i take a certain amount out of each paycheck!
Post # 34
@chicagoworkinggirl: At least you are not like my gf that just recently bought a great dane puppy living in a 1 bedroom apt. That’s called impulse shopping LOL (on the side note, the puppy is soooo cute)
You just need to take out some money to spend and only spend cash, not touching your debit card.
Post # 35
This might help a small portion of your spending…I always put my car in the trunk when I am headed somewhere. This makes it more of a conscious decision to go somewhere and spend money rather than just scoot through a drive through, or run into the drug store. Try puting your purse/wallet somewhere that you have to take a extra step to get it, and think about what you are spending.
Post # 36
I have thought about doing that but what if you were to get pulled over for a traffic violation?
Post # 37
Wow, AMAZING tips! Thanks!
Post # 38
I was never a spender until we decided to get married. Then i went nuts and now its at a point where I really, really have to stop spending. I’m so sick of being in debt and not having any money one week after my paycheck.
So, now that I’ve bought almost everything that is required for the wedding, I promised myself I will be careful with my money. Once we are married, hubby and I will pool all our money together. At the moment its 50-50 but once we are married we will put both our paychecks together and really pay our debths and also allow ourselves a fixed monthly allowance. Knowing i won’t have access to extra money will definitely help me save. I will also try to stop carrying my debit card. Its so crazy how easy it is to use that little thing. When you have the actual cash in your pockets, you see how quickly it can go and so we become more aware for what we use it for.
Money, money, money. It seems there is never ever enough of it! grrrrr