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Going cash free

Old content alert!

Thanks very much for visiting my blog. Always happy to have people read my stuff but just thought I should point out this post is years old. If it's about technical stuff there is a possibility that it is no longer relevant, if it's a bug report/fix I'm hoping that it should now have been fixed.

Of course if this is what you're looking for and it does work then great, just don't say I didn't warn you...

One thing that has been annoying me recently is the amount of cash that I seem to be spending on crap; mainly food crap. I’m generally fairly good with money and my standard technique is to take out a woad of cash at the start of the week (Saturday) and not spend anymore than that until the next Saturday (unless it’s been planned). Generally this seemed to work out fairly well – I hardly ever over spent but equally hardly ever had money left over to carry into the next week. As I didn’t plan to carry money over it wasn’t really a problem.

Since starting my new job (and getting a bit of a pay increase) I found that I could give myself a bit of extra spends each week. A few more pints down the pub, an extra side order with a meal out or an excursion somewhere could now all be mine. But as it happens I didn’t actually do or need any of this so the money started burning a whole in my wallet and was spent on crappy lunch meals that I don’t really need; money spending fail if you would.

The plan – to not take money out of the bank and use my cards for my planned spending. Will my urges mean that I buy crap on card? I really hope not but we will see. Equally has the price of living just increased and I actually needed that extra money??

Who knows, but I’ll be interested to see.

Thanks for reading a fairly pointless and uninteresting post (assuming anyone actually has).

  • Amanda Jahn

    I find it’s better to have cash than cards. I seem to not realise just how much I’m spending when I pay for everything by card.. until I look at my bank balance and cry. At least if you have a tangible limit in your wallet or purse you are reminded how much you actually have. I think I’ll actually have to take my cards out of my purse next!

  • Bradley Wright

    This won’t work. I take out money as/when I need to, and I spend way more than I should. It would work better if you reverted to the amount you *used* to spend before per week and see how that works out for you.

  • Adam

    The financial adviser, author, and radio show dude Dave Ramsey talks about cash vs. plastic. He says you spend less when you have the cash on hand than when you use a credit card. He thinks debit cards may be a half way point between credit and cash but that studies still show you are likely to spend less money when you use cash. Something to think about…