Becoming Debt Free in 2009

December 27, 2008

A 14 year old’s shopping strategy

Filed under: Budget,Dave Ramsey,Kids,Shopping — ambercouric @ 11:27 am
Tags: , ,

I had to run out to the mall yesterday and pick up some shoes for Ashby.  They were part of his Christmas but we knew they would be on sale after Christmas so we waited to go buy them.  Kennedy wanted to go with me to the mall so he could stop by Chic-Fil-A.  While in the mall, I asked if there was anything else he wanted to shop for.  He said that he only had $5 with him.  I was a little surprised because he received a large sum of money for Christmas.  He said he had $3 for the sandwich and $2 buffer in case he decided he wanted a candy bar.  He said there was nothing else he needed or wanted.

As I added the last 20+ debits made in the account since Monday to the check register, I realized if I went to a cash only method how much easier it would be.  Having a debit card and knowing the money is in the bank makes it so easy to spend more than anticipated. 

Dave Ramsey may have a point with the cash only philosophy. 

Are any of you on a cash only basis?  No debit or credit cards.



  1. Hi there-I am aiming to be cash only for weekly miscellaneous expenses, it will be a reasonably small amount, so when I run out, I have to wait for my account to be credited the following week before I can draw out my allowance again. I only use the debit card for online grocery shopping now. If I need larger purchases, then I’ll draw out cash from my savings account. I think its a good method to try and stick to, I’ll definitely try to operate on a cash basis from now on for regular spending. Thanks for your lovely comment earlier, its much appreciated.

    Comment by sharon rose — December 27, 2008 @ 12:56 pm

  2. We used to be cash only, but got away from it. We are planning to go back, because we really did spend less.

    Sounds like Kennedy is one smart kid!

    Comment by Krista — December 27, 2008 @ 2:29 pm

  3. I used to be on a cash only system but I actually found myself spending more when I had cash on me and forgetting where I used it. I went back to using only my debit card. Even though you do not actually see the cash you are spending I find the benefit is knowing exactly how much I spend and where when I sign on to my online banking.

    I greatly enjoy reading your quest to becoming debt free!

    Comment by E&E — December 27, 2008 @ 4:50 pm

  4. I find that having a well thought out zero based budget takes care of the easy to spend. Every time I spend money on something I think to myself, Is it in the budget? If yes, buy it. If not, ask myself where will I take the money from, what will I give up to have this? If there is nowhere except savings or debt repayment to take the money from, I ask myself if it’s worth staying in debt, putting off my wedding, house, early retirement and my fiancee’s dream of starting his business up. That’s usually enough guilt to correctly evaluate the need for the item. I also ask myself these questions when adjusting my budget and standard of living in the upwards direction.

    Comment by Slinky — January 6, 2009 @ 6:54 pm

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