If you are new here, this month I’m attempting to go cash only in a few different spending categories. My hypothesis for this experiment, was that it gets to easy to spend using just credit cards and that going cash only will make myself more conscious about my spending.
A few weeks into the experiment, I believe my hypothesis is gaining ground. The biggest difference that I have seen so far is in the frequency of trips I take to the grocery store.
I always felt that I got the grocery shopping out of the way on the weekends. However, looking at my spending charts from past months, I had many frequent visits to the store.
Now that I have gone cash only, I have found myself resisting these small visits that usually cost $10 or $20.
I’m excited to carry this on a little longer and report back the results.
A lot of quality advice posted around the Internet lately. Here are a few of my favorites from the past week:
Personal Finance Related
- The Complexity of the U.S. Tax System via Quicksprout
- 8 Effective Ways to Raise Frugal Kids via Man Vs. Debt
- Can a Little Inflation Be Good? via Wisebread
- Bank Accounts Arn’t Just About Great Rates via Suburban Dollar
- Bill Gates on Energy
- What Age is the Hardest to Radically Change Your Life via Freedom Pursuits
Personal Finance Carnivals
Last but not least, the following personal finance carnivals were nice of enough to include my posts from Gen Y Wealth.
- Carnival of Financial Planning