Cash Only Challenge

There is nothing worse than checking your bank balance, and realizing you spent way more than you intended to. A lot of that issue comes from solely using your debit or credit card. I personally struggle with this issue, because using my card is so convenient. A swipe here, a swipe there and POOF there goes your paycheck.

Since I personally struggle with this, I have decided to challenge myself to use cash only for the next month. By using cash only, I will be able to better track exactly what I am spending my money on, and where I am spending it. This will also help me recalculate my budget. I will be able to evaluate how much money should go in each category.

I have decided to publicize this Cash Only challenge,to show that it is possible to use only cash in this plastic dominated world. Follow along on my journey to use nothing but cash for the next four weeks. Feel free to participate yourself!


Let’s get started!

Cash Only Challenge

I am going to skip the budget step completely, as I already have an budget in place. If you don’t have a budget, or know what a budget it click here to learn how to set up your own.

Step 1:

Once you have your budget in place, you will know exactly how much money you will need. It’s time to hit the bank! You can either go inside, or use the drive up ATM. I typically use the ATM as I withdrawal an exact, even dollar amount. If you need an amount that the ATM cannot give you, head inside and fill out a deposit slip.

Step 2:

Once you have cash in hand, go ahead and start spending! I am actually creating a small note card to keep track of how much I have allotted for each category. This will help make sure you aren’t taking money from one category, to make up for another. If this sounds complicated, please see my cash envelope system post here. This post will make it simpler, and a bit easier to understand.

Step 3:

I plan to actually write down the amounts I spent, down to the change, to help me keep track of exactly how much I’m spending. At the end of the week, I will deduct each amount from the total I set aside for each category. This way, I will be able to see which categories can be decreased, and which will need increased.


Each week, I will post the good, the bad, and the ugly of this month long Cash Only challenge. I will also post challenges I faced while participating in this challenge. If you are participating, feel free to chime in with the positives and negatives you have experienced in this challenge. I am beginning this challenge on Monday, as I have already been using my card this week. I want to start out with a fresh, clean slate. Updates will come every Friday so stay tuned!

Happy Cash Spending!