cash only

Burning a Hole in My Pocket

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This week I am tasked with managing my mindset about money.  I am not sure if I can do this one; this will be my biggest challenge yet.  As part of my 90 day cash only life, I am tested on ensuring that I can differentiate my wants from my needs.  I am challenged to go to the bank and take out $100.

I can do that. Okay, done….keep reading.

dollar-money-ben-franklinI am to keep this $100 in my wallet for 30 days and not touch it.

It is day three with the Big Head Benjie in my wallet, and that fool will not stop talking to me.  Every time I open my purse, Benjie is yelping at me, “spend me, spend me!”

  It’s not easy doing this. Honestly, it’s just not fair. Let me tell you how unfair this whole thing is.

I went to Dillard’s to purchase some hose and they had a sale on Dooney & Bourke.  There was a purple bag that was only $125!!!  I know right!  A solid Dooney in purple and it is on sale!  I have the $100, I have the difference and sales tax….Mama want pretty bag! 

I can’t have it.

I am responsible for the Big Headed Friend in my wallet and I will take good care of it.  I will not spend it.  I will not abuse it.  I am entrusted with its care for the next 27 days. Benjie is my new baby.

Benjie is burning a hole in my pocket.

What I learned about money today: I like expensive sh*t and I shouldn’t buy stuff because it’s pretty, and my husband is not made of money. Also, I had lunch with the girls today spending only $2.98 for my meal.  I had a fully punched frequent diner’s card that earned me a free lunch. I only had to buy the drink and no one at the table knew how little I had spent and I was still cool.

Living a Cash Only Life

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This month, I was hit out of the blue with something that could financially cripple me for a few months to come. I am angry with myself, but life, is sometimes not fair. I splurged on my vacation. I went out to lunch one time too many. I bought a new wallet and purse when I barely use the 30 I already have.

I need to be financially smarter.

I need to monitor what I am spending.

I need to be cognizant of my savings.

I need to stop being a dumb consumer.

I need to think.

I have decided to live a cash life; only problem, I don’t know how. It’s not as simple as one may think.  There has to be a method to the madness.  So I have made a business proposition to someone who does, the founder of Built to Prosper Companies.  I have sent a message to Hashim and Debra Francis and requested a copy of the Cashology book series.
Cashology e216ea49eb3ebb76955b0492712563b2_g43s workbook

In return for allowing me to test run the system for 90 days, I will blog three times a week about my progress and what I have learned.

It is not going to be easy for a spoiled and pampered wife, but I must do better. I have to do better. I will do better. But first, I have to learn how.  Give me your feedback if you have tried the cash only life.

Stay tuned as this story develops in the meantime, read more here