As promised, here is my Cash Only Challenge Update One!
Last week, I had decided that I was only going to use cash for one full month. Follow along and continue reading about the ups, the downs, the good and the bad of my challenge. If you are interested in learning more about my Cash Only Challenge, click here to get caught up!
Firstly, as a person who has only used her debit card for purchasing since opening my checking out over two years go, I am actually having a really hard time with this challenge. But they don’t call it a challenge for nothing!
There is so much convenience with a quick swipe of your card, that you truly take it for granted. So far this week, there have been times that I have forgotten to go to the ATM, so I actually had to use the convenience store ATM’s which charge an extra fee for taking out cash.
I have decided to outline each day of the week as far as my cash only challenge.
Monday: I remembered to visit the ATM, and got out how much money I thought I would need for the week. Low and behold, I had to put new tags on my vehicle, which happened to be four months late.
Tuesday: My boyfriend and I go out to eat, way too often, so a lot of my cash I thought I would need, was already used up!
Wednesday: I found myself, yet again, at the ATM getting money to finish up some weekly shopping.
Thursday: It was a pretty slow day, and I actually remembered to pack my lunch for work! Saved some cash that way! Also, it was payday!
Friday: Today grabbed some extra money to include in my weekend fund.
I’m not sure what this weekend is going to hold for me, but as long as I remember to go to the bank ATM as needed, I won’t spend nearly as much! Once the money runs out, it runs out!
Here are some tips to make my transition a bit easier:
Tips for Success:
- Consider taking a little extra from the ATM to cover those impulse purchases.
- Follow my budget a little closer.
- Try to pack my lunch for work at LEAST three times a week.
Stay tuned for next weeks post!