How to Not Spend All of Your Money

Posted by Anonymous , 9/4/2007 Tags:SpendAllMoney
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How to Not Spend All of Your Money

Introduction

This article is to help all those that seem to have to live paycheck to paycheck, never able to save any money and are often out of it very fast. It's not easy for everyone to save money, as most of us like to spend it when we have it.

Instructions

Difficulty: Moderately Challenging

Things You'll Need

  • A steady paycheck is nice if you have one, though in theory this method could be applied to even the occasional money earned.

Steps

1

Step One

Carry NO credit cards in your wallet, this includes your debit/check card.
2

Step Two

Do not carry a checkbook with you (if you still write checks).
3

Step Three

Keep all money in your checking or savings account, only withdrawing enough to last you for ONE week at a time. (Food, gas, sundries)
4

Step Four

Go through the week only buying things in cash and NOT taking more out of the bank and you will be amazed at how much money you save by not taking your cards/checkbook with you.

Overall Tips & Warnings

  • Give yourself a small allowance to do what you want, that way you are still treating yourself and it makes the process easier.
  • If you take out the weeks worth of money in cash, but still carry your cards/checks then it is pointless, as at anytime you run out of cash you will just use them.
  • This may seem like simple advice that you may have even heard from someone else, but it is not as easy as it looks.
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