How to Stop Using Credit Cards and Switch to A Cash System

Would you like to learn how to stop using credit cards and go to an all cash system? Those annoying credit cards are driving you crazy. You charge items on them and then you have to pay interest to the credit card company. A cash system will benefit you tremendously. Given the state of the economy, this is vital information for all consumers. Here's how to make the switch.

Difficulty: Moderately Challenging

Instructions

1. EVALUATE the number of credit cards you have in your possession.

2. DECIDE to eliminate all your credit cards except for one with the lowest interest rate.

3. STOP using the credit card for purchases.

4. START using a cash system by withdrawing money from the bank at the beginning of the week.

5. ASSIGN a specific dollar amount to all purchases you need to make.

6. REVIEW your cash expenditures every night for the first week.

7. DISCUSS the new spending plan with your family and make sure everyone is on board.

8. AVOID impulse purchases if you can by having cash on hand all the time.

9. DISCIPLINE yourself to use cash on a regular basis.

10. CALCULATE how much money you have spent at the end of the month.

[omghow]

on 11/9/2009 Thanks for sharing. It take twenty eight days to break a habit.

[csey]

on 11/7/2009 Might help 5*

[johnnyutah]

on 11/7/2009 nice tips...thanks for sharing How to Stop Using Credit Cards and Switch to A Cash System 5*