Cash The Checks

Personal Finance Blog With Advice On Making Money And Saving Money

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.


foobar on 01/11/11

That’s just the beginning of the benefits of living with cold hard cash. I’ve not used a check of credit of any kind in over 20 years. Everything I own is paid for and I have no mortgages and have zero debt. Last fall I purchased 2 houses at auction and have restored them into rental properties. The cash just keeps flowing in after a certain point and it took me years got get out of heavy debt back in the 80′s. That’s when I learned (the hard way) cash is the only way to go. If you don’t have the money available to you from your earnings, don’t spend what you don’t have. While it does take a bit of adjusting, the payoff is soon apparent.

Jacque Stanley on 01/20/11

Currently I am 98% cash only. I use my debit card or checks once in a while. I am getting debts paid down & have a lot less stress without the cards. I am encouraging everyone I know to go cash only on March 12th & 13th so they can get a taste for it & as a silent protest to credit card companies underhanded practices. Hope all of you will join us.

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