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this post was submitted on 15 Oct 2023
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Frugal
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Discuss how to save money.
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If you're having trouble with abstract money discipline. Consider using cash.
There's an envelope of methodology, you take your income, you put it in different envelopes for different budget items. When the envelope is empty you can't spend anymore.
Don't use credit cards, don't use debt, don't use debit cards, make sure all the money you spend is cash physical money that has to leave your hands.
The envelope methodology can be really helpful for people, cuz they can see how much money is left in the envelope, and they know when they need to stop. It's very physical.
That would likely work quite well, unfortunately I live in Sweden and I kid you not when I say about 50% of establishments do not take cash.
Not all good being in a cashless society.
Hey that's convenient! You can save 50% of your impulse shopping by just not being able to purchase anything.
I don't know about the swedish economic system, but some systems allow prepaid debit cards kind of like gift cards but tied to a single person to be used. And that would kind of act like cash, load $100 on to it or whatever, and then when you burn through it you have to be deliberate about adding more money to it. Transactions declined is better than spending over.
Instead of looking ar it as an inconvenience, roleplay Jason Bourne, you're hiding from the government surveillance state, how far can you go without tying your identity to purchases. It's a fun game
Yeah, I think I remember reading that when paying cash the areas of the brain that register pain are activated in ways that paying with ‘convenient’ methods don’t.
Personally, I pay via credit card, and pay that off weekly—so I’m never caught off guard with how much I owe. Probably not the greatest thing in the world regarding a credit score, but it keeps me on top of my finances.