FABLOW AgriLife Issue 27 - Page 35

Withdrawal cash only when you get paid – I get paid from the day job every other week on Friday, so I try to take cash out the same day. This helps for budgeting purposes and to make sure I have enough cash flow!

Plan how much cash you really need ahead of time – I always refer to my monthly budget and check to see what upcoming expenses I have planned, like groceries or household items. I have a $50 grocery budget I stick to each week, so I know I need $100 in cash for groceries to get me through two weeks.

Conscious spending – I am very aware of how much cash I have in my wallet at any given time. I don't want to run out of cash, so I spend more time contemplating each purchase that I make. Whenever I am tempted to throw in a couple extra items into the shopping cart, I think about how much cash I have and if the purchase is worth it. This really helps me stick to my budget!

Seek out the savings – Whenever I used to meet up with a friend for a drink, the drink prices were not always on the menu. I would totally disregard drink prices and just slap my debit card down when the bill came. Now thanks to apps like Cocktail Compass, my girlfriends and I plan ahead and look for happy hour pricing and dining specials.

After using the cash-only method, I have a whole new mentality on spending! By using the mind set that I can only use the cash that is in my wallet, I have really curbed my extra spending habits.

Here are some tips on how

cash only spending saves money....

Article by Kristin Larsen

- Read more of her article on her blog Believe in a Budget