Well, I did it... I took my credit card out of my wallet.
First of all, I know that doesn't sound like a big deal, but to me, it feels like a commitment. Secondly, I am switching back to my Dave Ramsey envelope wallet. When I went to Japan, I switched wallets to a more convenient wallet for travelling and have been using that all summer. It's actually a new Dave Ramsey wallet that I've had for a couple years in preparation for when my finally bit the dust. My old one is barely hanging on. So I figure new plan and budget, shiny new wallet with blank envelopes to encourage using it!
I'm going to have the same categories; but I'm going to try to realistically fund them so I won't "need" a credit card to make up the shortfall.
The most difficult part of truly going to an all cash budget will be having to tell my kids no. I will hate having to say no to my kids because of past choices that we made with our finances. However, this will only be short term. Once we are out of credit card debt, we will have so much more freedom with our choices and our finances.
I'm actually excited to go to the bank today and deposit all the checks I have ($700+), pull out the cash to fill my envelopes ($1200), and send a big payment towards our credit card ($1600).
I know my progress has actually been backwards this summer so I'm going to give myself a couple months to get back on track before I start doing debt updates again. I will keep track of where I am, but I'm not going to share it with the world quite yet. I am, however, going to try to get back to writing "unusual spending" posts for each month!
I am newly committed to a life getting out of debt! Wish me luck!
No comments:
Post a Comment