Comments on: Having Trouble With Your Budget Or Spending? Go Green http://genxfinance.com/having-trouble-with-your-budget-or-spending-go-green/ Helping a unique generation achieve financial independence. Fri, 18 May 2012 12:26:36 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Joe http://genxfinance.com/having-trouble-with-your-budget-or-spending-go-green/comment-page-1/#comment-474 Joe Wed, 03 Jan 2007 23:20:52 +0000 http://genxfinance.com/2006/12/13/having-trouble-with-your-budget-or-spending-go-green/#comment-474 Jeremy, You're all too correct about the psychological impact associated with physically handing over cash. What's going to be more interesting are the mobile payments; with a flip of one's phone, the transaction is complete -- think about it...using the phone for calls doesn't have a pang of money remorse, so it will be even easier to spend a lot of money without really realizing it. Jeremy,

You’re all too correct about the psychological impact associated with physically handing over cash. What’s going to be more interesting are the mobile payments; with a flip of one’s phone, the transaction is complete — think about it…using the phone for calls doesn’t have a pang of money remorse, so it will be even easier to spend a lot of money without really realizing it.

]]> By: JM http://genxfinance.com/having-trouble-with-your-budget-or-spending-go-green/comment-page-1/#comment-302 JM Wed, 13 Dec 2006 22:45:02 +0000 http://genxfinance.com/2006/12/13/having-trouble-with-your-budget-or-spending-go-green/#comment-302 Good tip. I have been doing this for awhile, but on a monthly basis. I buy all of the household groceries on a free miles card, and then I withdraw $200 in cash (one withdrawal, otherwise you can lose a bit of money thru atm fees.). That $200 goes for eating out, whatever i need to spend on lunch (I brownbag it most days), gas (I have a 6 mile commute, so not a lot spent there), and anything else I want to buy for myself (coffee, magazines, etc). When the money is gone, I find other ways to pay for what I need. Sometimes I allow myself a bit of overflow to my credit card, like if i need to buy something that's a big chunk of the budget, like a gift or something, but I force myself to pay that in full at the end of the month if I do that. Most months I break about even or go over by a little. Some months I even have a surplus. Obviously, the priority goes towards the essentials with this money (ie gas and the couple mandatory lunches i eat in restaurants for work purposes), but overall I find it works well for me, and paying in cash is usually way more convenient anyway. Good tip. I have been doing this for awhile, but on a monthly basis. I buy all of the household groceries on a free miles card, and then I withdraw $200 in cash (one withdrawal, otherwise you can lose a bit of money thru atm fees.). That $200 goes for eating out, whatever i need to spend on lunch (I brownbag it most days), gas (I have a 6 mile commute, so not a lot spent there), and anything else I want to buy for myself (coffee, magazines, etc). When the money is gone, I find other ways to pay for what I need. Sometimes I allow myself a bit of overflow to my credit card, like if i need to buy something that’s a big chunk of the budget, like a gift or something, but I force myself to pay that in full at the end of the month if I do that. Most months I break about even or go over by a little. Some months I even have a surplus.

Obviously, the priority goes towards the essentials with this money (ie gas and the couple mandatory lunches i eat in restaurants for work purposes), but overall I find it works well for me, and paying in cash is usually way more convenient anyway.

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