Pay Cash!! Now there’s a concept that is hard to wrap our brains around in this modern day of plastic, but it is doable and liberating!!!
I loved the fact that she took us back to the 80/20 rule again!! What a great principle to put into place when we are considering making a purchase. Especially when you look at it from the flip side (after we have made the purchase and it has sat around long enough for us to call Goodwill).
Today’s Tip ~
Start Asking Questions
About two years ago Ron and I put ourselves on a tight weekly budget. In order for me to adhere to it, I found myself literally asking myself if we really needed it. The answer most time was “no” or “not right at this moment”! It stated to become a game and I found myself being able to say no more and more often!!
Donna gave this same advise when she said “Stop and Think before you buy: ask yourself is there any possible way I can live without this?”. I am willing to bet you can answer yes to that question 80% of the time!!!
Nola
8 comments:
Good Morning Nola....about the pay everything with cash...that is what we do...I have my own motto..."If I can't afford to pay for it with cash, than I don't need it"...Ric and I got into tooooo much trouble with plastic awhile back so there is no more plastic in our wallets except the debit card....
As far as the budgeting goes, we make our menus and grocery lists each week (even before Donna said to do so); we pay certain bills out of certain paychecks; and again we only buy extra things when we can't say "NO" (usually kids school stuff) and we can pay for it with cash.
Have a wonderful day.
Deena
Good for you Deena!! It's not easy paying with cash, especially when it so easy (and so fun, until the bills come in) to pay with plastic!
For me when I have cash I tend to not want to use it because I know that as soon as I'm out I'll have to go back to the bank. So I end up using my debit card more. I think its time to reshape my way of thought about using cash instead of the plastic.
hey ladies,
sorry i haven't blogged lately, but it's been a tought subject. listing assets and liabilities;
the assets were easy, not too many, liabilities, well let's just say the "pen ran out of ink".
debt is a whole diffierent beast, i will agree with donna, if you don't have the money to pay cash don't buy it!!!!!!! take it from someone who has been "robbing Peter to pay Paul" for far too long. it't tough when "peter and paul" run out of money and even worse of a rubble when they take your plastic away. i will say this though. my church family has been there for my family. i don't know what i would do without my "brothers and sisters". I was encouraged yesterday, when i heard some verses on the radio station i listen to going to work. these are paraphrased: " do not worry about what you should wear, eat, or drink...... " "do not worry about anything, but pray about everything...." and lastly "seek first the Kindom of God and all else will come. I was so encouraged after meditating on these verses.
do pray for my familty ladies. it will be a long five years probably to get out of our financial mess.
both our fist and second morgage in are default along with our truck, but our God is an awesome God and i can see him at work and i will continue to stand on Psalm 121.
love you all!!!
missy bailey
Oh the joys of paying cash...when we went into the joys of house hunting, we found out that someone bid on our house with FULL CASH!!! (but WE ended up with the house!!!) Whoever has that much money needs to tithe more...hahaha!!! Just kidding.
Missy B, I love your attitude. I feel as if financial debt is something almost everyone will experience in their lives, and I just hope that everyone has an attitude like yours. Thank you for the verses and being a great example and reminder of God's love. MUAH!!!
ah yes a subject that I am very familiar with as a single mom who felt her only option was to rely on credit when her child needed medicine and food and when dad just didn't see the importance of paying child support on time. the lord blessed us with Charlie and for 7 years we took care of things as we needed to, all with cash and taking care of the old plastic debt along the way. I listen to friends tell me to go ahead and use a credit card and pay something I would like to have and pay it off later. I was fortnate enough to be able to say "I don't have any" "I cut them all up years ago". Learning to say no to myself is a lot easier than saying no to Nicole.
Now Charlie is gone and I am still tryig to finish what I had started paying off while he was with us and I have to tell you it isn't easy and sometimes I have had to borrow from Nicole in order to make it until the child support check was dropped off. But i know that God is good and we still have the house and there are still bills coming in.
I know so many people from all walks of life that are going through similar struggles and we are all learning from these poor choices in our past. I hope we are all sharing and teaching our children so that they understand the harm that plastic can cause their life.
Several years ago I decided I had to be secure in my committment to keep my home. So I had my payroll check broken down every pay period and with that I have a checking account that I have 1 4th of the montly mortgage payment go to every week (I am paid weekly YAHOO)and a little extra that will hopefully be able to cover property taxes when November comes around the corner. Another 20 to a savings account for emergency purposes and it is usually all used up by the end of the month and the balance that is deposited in to another checking account that I have labeled in my budget as household expenes and that is what I use to pay all of the monthly bills outside of mtg and prop tax.
now that nicole is workingI am allowing her to deposit her check on pay day and then I turn around an transfer the funds to an "ing" account for her car savings. She has learned that she doesn't need more tan $80.00 for herself she isn't payig for anything and I don't tell her no to those funds the are hers to blow however she should choose but I don't buy DVD's CD's or anything else that is not a necessity for her. She has a debit card and she thinks it is a credit card but we know she is limited on what she can do wit it.
teach your kids now not to make the same mistkes with plastic.
't'
My dad and mom came to this country with nothing and always paid cash for everything. Before his passing, dad was quite wealthy, but it was funny because he didn't have a credit history, so he couldn't do things like rent a car. We had to do it for him! You need to have a little credit just to develop some history, but the temptation to use and abuse it is tremendous. We have a gasoline card from Shell (don't think they offer this one any longer, we got lucky) that gives us %5 off our gas purchases. We pay it off every month so we aren't dinged with interest charges, but we still get the discount. That percentage really became meaningful when the prices started to soar!
I've misplaced my book since the cruise but I'm trying to keep up on the blog anyway. Times are very tough for everyone right now, and I'm afraid that credit card spending is going to get worse. We were doing really well in paying things off except my husband's been off for a couple of months and it caused me to cut down on paying off the debt. I hope that this is just temporary. He had an interview for a great, stable opportunity but the meeting fell through, so please pray that it will happen next week and that it's God's will whether he gets the job or not. It sounds great for our family so far, but Gary's not sure he'll enjoy some of the big changes in responsibilities. I went through that in July when I switched jobs, and God has blessed me. I go to work with a heart of gratitude for having this employment opportunity, and that makes all of the difference.
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