DAYDREAMER
Recycles dryer sheets
- Joined
- Mar 26, 2008
- Messages
- 413
DW and I have been watching 'Til Debt do us Part' on CNBC. We consider ourselves financially responsible and have our way of budgeting (which is basically mental calculations), but find the budgeting methods on the show to be very intriguing. Gail (the financial helper) puts people on a strict cash budget, cutting up all debit and credit cards, and challenges the poeple to spend within their alotted cash budget. She splits the cash into jars with specific catagories. Now, I know the basics of budgeting, but this CASH ONLY system with little to no access to your bank accounts would definitly force sticking to your budget. Debit cards make it way to easy to spend beyond your estimated budget.
We are going to give this system a try, just to see if we could actually stick to a strict budget. We will freeze our debit and credit cards in a block of ice to slow down the chance of accessing the accounts.
Anybody else have interesting ways of sticking to strict budgets?
We are going to give this system a try, just to see if we could actually stick to a strict budget. We will freeze our debit and credit cards in a block of ice to slow down the chance of accessing the accounts.
Anybody else have interesting ways of sticking to strict budgets?