tag:blogger.com,1999:blog-5733035893331842827.post3712754343427414698..comments2023-08-25T05:58:50.504-04:00Comments on Family Balance Sheet: A Cash ExperimentFamily Balance Sheethttp://www.blogger.com/profile/07258319062871335770noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-5733035893331842827.post-42455498762063463712011-01-14T12:15:10.857-05:002011-01-14T12:15:10.857-05:00We are a total David Ramsey fan and do not have or...We are a total David Ramsey fan and do not have or want credit cards. It was to easy for us to buy things we could not afford just because of the credit cards. No cash back rewards are worth getting into the the credit card debt problems of the past. If you do not want to carry cash leave it in the bank and use your debit card. <br />Of course you need to always know what you have in the bank to avoid over draft fees that are stupid to have happen.We have signed a paper at the bank that if we use debit card and there is not enough money they are not to allow it to go through. <br />The way we live on a budget is to use the cash envelopes. If we have cash in the grocery envelope we can shop . That way we do not creep up in that catagory and if I want something at the store and no cash left it has to come from the entertainment envelope. makes me shop with a list and a menu plan for the week. I will never go back to being a slave of the credit card companies. I save for what I want.gracehttp://www.couponloversunite.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-5733035893331842827.post-41255981038671874172011-01-10T21:44:03.434-05:002011-01-10T21:44:03.434-05:00Thanks everyone for the comments. It sounds like ...Thanks everyone for the comments. It sounds like a lot of us are switching to cash in the new year. I wish everyone luck. I am convinced we can save more by not spending than what we are making in rewards points.Family Balance Sheethttps://www.blogger.com/profile/07258319062871335770noreply@blogger.comtag:blogger.com,1999:blog-5733035893331842827.post-49556872312428635372011-01-10T13:49:31.102-05:002011-01-10T13:49:31.102-05:00Just an FYI about Target. You can apply for a Targ...Just an FYI about Target. You can apply for a Target branded debit card and get the 5% off when you use that and it is still like using cash or your regular debit card. Just take a check and ask at the store for a checkcard.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5733035893331842827.post-74125983360119867192011-01-10T09:53:44.679-05:002011-01-10T09:53:44.679-05:00I'm doing exactly the same thing this year. Ca...I'm doing exactly the same thing this year. Cash only. I still let my husband use the credit card for gas and when he buys groceries (he does it so rarely). I also had the Target dilemma this weekend (that 5%). I used the Target card and then took the cash out of my purse and put it away for next month. I'll pay the credit card bill and then take less cash out for the month. Will also do that for anything my husband charges. I think it will work, and also will ultimately save me money. I'll miss that $200 in rewards though. But something's got to give here.careynoreply@blogger.comtag:blogger.com,1999:blog-5733035893331842827.post-45116111175984721112011-01-07T14:36:24.165-05:002011-01-07T14:36:24.165-05:00Hi Im new here cant wait to see how you guys do I ...Hi Im new here cant wait to see how you guys do I use my debit card dont have any credit cards anymore trying to cook more from scracth these days and useing up what is in the freezer.I will be starting plants for the garden the end of Jan.hope everyone can save a lot Karenkarennoreply@blogger.comtag:blogger.com,1999:blog-5733035893331842827.post-73831349735228877202011-01-06T14:16:56.194-05:002011-01-06T14:16:56.194-05:00I started using cash for gas, groceries, and hair/...I started using cash for gas, groceries, and hair/nails. I used to never get my hair done because I never had the money. Now that I've been budgeting for it, it feels awesome! I feel better about myself. For gas, I leave the money in the car (kind of in a hidden spot). I get enough to last until next pay day, and so far I've had overages. For groceries, I've also had overages. I keep the cash in my wallet. No one knows that you're carrying cash, and I sometimes put the cash in my pants pocket right before I go into the store. That way I don't have to open my purse at the store. I need to work on eating out. I spend way to much because I use my debit card for that. Need to put that on a budget as well. Fortunately, since I'm able to earn gift cards on my blog, I use those to pay for clothes.Moniquehttps://www.blogger.com/profile/17023625442346811083noreply@blogger.comtag:blogger.com,1999:blog-5733035893331842827.post-25825624942308398882011-01-05T19:01:31.013-05:002011-01-05T19:01:31.013-05:00We are trying a cash system for groceries this mon...We are trying a cash system for groceries this month. I will let you know how it goes!Mystihttps://www.blogger.com/profile/17496508600320205581noreply@blogger.comtag:blogger.com,1999:blog-5733035893331842827.post-33803489282764347412011-01-05T15:37:49.088-05:002011-01-05T15:37:49.088-05:00We pay for almost all of our purchases with cash, ...We pay for almost all of our purchases with cash, but you are right, it is hard to remember to bring the cash all the time! I am curious to see how your experiment goes. I use cash for the very reasons you mention, but I always wonder if it would be better to use the credit card and get the rewards.Melissahttps://www.blogger.com/profile/01027811500909110108noreply@blogger.comtag:blogger.com,1999:blog-5733035893331842827.post-17678236030507393882011-01-05T07:49:21.201-05:002011-01-05T07:49:21.201-05:00This is something we're currently dealing with...This is something we're currently dealing with as well. We have always paid off our credit card in full every month, but over the last few months, the bill seems to be creaping ever higher until I have to make a couple of payments a month (still paying in full before the due date) to cover it. I don't like that feeling one bit and feel a bit enslaved by it. I know Dave Ramsey advocates cutting up credit cards and using cash and/or bank card for everything. However, we do disagree with Dave on that point. Because of the money we earned back, we were able to do much of our Christmas shopping for "free". But like you said, how much more are we spending to earn those rewards? For a period of time, we've decided to use it when we buy gas for the car and for everything else we'll pay cash or use the debit card. Right now, I feel like I'm behind all the time.C.G. Koenshttps://www.blogger.com/profile/13711072064525912284noreply@blogger.com