How To

How to Leave Your Debit Card At Home And Save Cash?

Free Your Money From Tie Ups!!!

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By Willi493
eHow Community Member

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The next time you are in a supermarket, department store, or at a gas station, count the number of people who pay for their purchases with cash or check, and count the number of people who pay using a credit card. Many people would be surprised to learn that over 50% of retail purchases are made by credit cards. This is in complete contrast to how business took place as recently as the 60's and 70's. One thing that I do is always take a certain amount of cash with me for that week. For example if me and my wife are grocery shopping we take only $100 to the grocery store. Now if we over spend our debit cards are left at home so we have to shop wisely. Having a card on you always make you over spend your budget. Having cash in hand is always budget wise shopping.

Difficulty: Easy

Instructions

Things You'll Need:

Discipline

Step 1

1. Plan Your Weekly/Daily spending. (Gas/lunch/social time).
Step 2

2. Stick to your budget. Avoid using your debt card for impulse expenses. (clubbing/shopping)
Step 3

3. Stay on track. It is rewarding to see how much money you really save.

Tips & Warnings

When I first started this strategy of leaving my debit card at home. I debited the money I needed for the first two weeks according to my budget. After that I froze DEBIT CARD in a cup of ice. This really made me stick to my financial plan. I had to wait till the ice melted to use my card. This gave me time to think If the purchase was necessary.
This not easy at first,While learning positive behaviors about money its going to take practice and change of bad habits to good habits.

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