Secrets of Success

Pay For Everything With Cash-Do You Need It Or Want It?




We have gone to an envelope system again after several years of not doing so and have saved a great deal just by paying cash for everything we buy, including groceries. You really think about if you need it or want it when you are paying cash!

More Information:

I've gone from spending $140-150 per week on groceries to $70-75 by purchasing my groceries at ALDI and paying cash.

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Member Comments

  • It is so worth it to do this! I only use my debit card to pump gas. There's no way I can overspend if I only have $20 in my pocket! - by COMMELESCIEUX
  • We have used the envelope system off and on for 7 years. We started after living in our first home for a year and finding it much more expensive than we anticipated. Once we started using cash, we immediately changed from adding $300/month to credit cards to saving $100 and paying $500 toward credit cards. After 3 years, we had paid off all credit cards, student loans, and our second mortgage. We have increased our budget to allow for more luxury spending, but mostly we put the money that we no longer have to pay toward bills into our savings account.
    It's amazing how similar this issue is to dieting. When you plan and follow your plan, you feel great and meet your goals. Once you let the planning slip (like not going to the bank, so using the debit card or not going to the grocery, so eating fast food) there are immediate and dire consequences! - by BETSYPOPP
  • We use jars. It does work. We also keep every receipts. - by SAMMYLYNNE
    we only pay cash for whatever we get;everyday I try to instill in hubby that we all want to live like Kings & Queens,but then again,they wouldn't be able to live without us! emoticon - by 1LADYBELLE
    Oh Yeah forgot to put;if you use cash,your not giving your credit information,etc. out to those who might try to hack it;that goes even if you go out;remember those waiters/waitress depend on the tip,so getting it then makes them smile! emoticon - by 1LADYBELLE
  • It takes a little effort to switch to this but it is SO worth it! Thanks for the reminder! - by BARETREES130

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