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  1. Joyce Stewart says:

    I won’t let myself spend money on a minimum of 15 days a month. Last month I went 17 days without spending any money. And it REALLY helps if you don’t have any to spend! :-) Lord only knows what I would do if I had more….but I’d like to think I would value and appreciate and be faithful with every dime!

  2. Cheryl says:

    I have no tricks for staying on budget because I never do. My mom used to use the envelope system with cash ‘back in the day’ and I think she still sort of works out of cash envelopes but not very rigidly…she doesn’t need to. (House paid off, minimal bills, lots of extra free flowing cash-lol). I know she doesn’t have a debit card so she uses mostly cash and credit. As for me; well, all the Suzy Foreman and Dave Ramsey books haven’t helped me. It got to the point where the hubby had to take over the bills but still when I go to Target I buy ‘stuff’ I don’t need. (I’m sure there’s a deeper issue there that a shrink would have a field day with if only I could afford one…lolololol). In all seriousness though, we are considering opening up a separate checking w/debit card as well. In fact, we just discussed this this past weekend. For 2 purposes: one is so that I have an amount of money I can spend with no questions asked that also has a limit (this will not be a huge amount and will not cover basics like clothing, hair salon, etc.). It will mainly be for those ‘little’ splurges like the Target, Walmart, Filofax, stationary and beads for my bracelets, etc. Stuff that isn’t ‘necessary’ but stuff that if I don’t have a controlled amount to spend, I will just spend, spend, spend–the cable bill be damned! Also, my debit card was compromised last week so I had to get a new one and while talking with the fraud dept. at our bank, the rep suggested that for online shopping I use a separate checking account and only keep the amount I am going to spend (or only a little bit more) and only use that account for online shopping. I can transfer over the amount I need for the online purchase then transfer back what I didn’t use or keep a little ‘overage’ in the account, but not too much. That way, if my account gets hacked due to online shopping they won’t get the bulk of our money in our account where our paychecks are deposited and is for bills. However, she wasn’t sure the ‘hack’ was from online shopping. This was something else. But still, what she said made sense!

    • Cheryl, I think the separate account for “fun” money is a great idea. It’s always good to have guilt-free money to spend. I’m pretty sure even the experts recommend that.

      I feel your pain. As I said in the post, I’m a spender, too. There’s so much cool stuff at Walmart and Target.

      I’ve also heard that it’s good to make on-line purchases with a credit card instead of a debit card. Hackers don’t have access to your checking account and the liability is less with a credit card. So I usually use my credit card for those types of purchases.

      Thanks for sharing. I can so relate!

  3. I like using cash, but I hate having to go to the back and withdrawing…so the debit card it is. I like the idea of that third account…except I currently have an extra account and its so easy to go online and transfer funds. hike…A work in progress. great post
    Hope recently posted…Gotta Start Somewhere.My Profile

    • I don’t like having to go to the bank either. What’s funny is that it’s right next door to the grocery store so it’s really not a big deal. But usually I’m pressed for time so I don’t want to have to make any unnecessary stops. Getting cash is just one more thing to do!

      Thanks for stopping by.

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