If you’ve ever been deep in credit card debt you’ve probably dreamed of just starting over and living the cash only lifestyle. It’s never too late to start. Here’s a few tips on how to get it done.
1. Create a budget. You’ve got no choice. You can only spend what you earn. So make a list of all your necessary expenses and your bills. Then see how much you have left to spend and/or save.
2. Coupons. When you live cash only, you tend to look at prices more. This happens because you see the financial impact of your spending immediately. Thus you look for coupons and discounts more because you want as much cash left in your pocket as possible.
3. More money. Living the cash-only lifestyle means no more paying interest, no more annual credit card fees, no more late payment fees and no more overdraft fees.