Comments on: Unexpected benefits of our cash only budget

By: Reuben Gathright ~ Concerned Parent

Reuben Gathright ~ Concerned Parent — Fri, 30 Apr 2010 15:24:12 +0000

Oh wow!

I really enjoyed seeing the results of someone who is living on cash only.

Great job!

How To Live On Cash Only

http://www.epinions.com/content_5412659332

By: james

james — Wed, 24 Jun 2009 21:02:04 +0000

I’m in my late 40’s and I have zero debt. I comepletely stopped banking in 1991. I have never apllied for a credit card or loan. I have paid cash only and will continue to til death. The main reason I stopped banking and never applied for a credit card or loan is “I READ THE TERMS AND CONDITIONS AND THE FINE PRINT” and didn’t agree! I repeat, “I READ THE TERMS AND CONDITIONS AND FINE PRINT AND DIDN’T AGREE!” That was back in the late 80’s and early 90’s. I know credit card and loan agreements have only gotten worse and I wouldn’t waste my time to read them.
Here are a few items I enjoy that you don’t!

1. I get lmost zero juck mail! Well… except for Dish and DirectTV
2. I don’t waste my time on hold dealing with the mistakes Banks make!
3. I don’t waste my time on hold doing the Bank and Credit Card Companies jobs to correct my accounts!
4. I don’t get sold-out by the Banks and Credit Card Companies to Marketers!
5. I don’t get daily mail from Banks or Credit Card Companies.
6. I don’t spend hours every month reading the fine print of every flyer or ad looking for hidden changes in terms or account fee’s the Banks or Credit Card Companies send.
7. I don’t have to deal with jerk-off Bank Tellers.
8. I have almost zero stress!
9. I purchase my autos pre-owned and pay cash.
10. I don’t deal with Auto Sales People or play the Auto Dealers Games!
11. I decided to living in a modest house and now save $$$ on Taxes!
12. I have enough cash to NOT waste money on Home Insurance! That alone will save me lots of grief in filing a claim in the future! Being about to afford to kick the Insurance Money off my back feels great! Insurance thieves be damned! I call the shots and it feels great!
13. No Courtesy Calls from Anyone!
14. I have a go phone, no land line so no Telephone Company BS to deal with!
15. No Bank account and debit card means no place holders on purchases! When I leave the gas pump I’m paid in full! The past stays behind me! The gas purchase is paid, no bill for later or the possiblity of account shortages due to place holders on a debit card.
16. No payment on demand at Bank!
17. No one stands between my money and me. I have cash and live with cash!
19. I don’t sign contracts or agreements I don’t edit. I also don’t play the Arbitration Game!
20. I call the shots, I’m 100% in control of my life. I owe nothing to anyone and I feel great. If I could only get Big Brother out of my life, I would be in Heaven!

By: Karen

Karen — Sun, 21 Jun 2009 20:44:25 +0000

Bobbi – I used Mint.com. It automatically categorizes purchases made with debit cards, but for cash purchases I have to split the ATM withdrawal transaction. I just save receipts until the ATM transaction shows up in Mint, then I split it according to how I spent that cash. It’s an extra step, but I love Mint, so it’s worth it to me. And it’s nice that I only have to save receipts for a few days.

By: Bobbi

Bobbi — Sun, 21 Jun 2009 19:30:15 +0000

Great post. I am working on this also. I was wondering what, if any, budgeting software you use? Thx

By: EastTXmom

EastTXmom — Fri, 19 Jun 2009 19:15:44 +0000

Your attitude is so awesome and inspiring. Keep it up!!

By: Fifi

Fifi — Thu, 18 Jun 2009 19:19:49 +0000

My husband and I do the cash thing mainly for eating out. You are inspring me to live with less. I’m on day 2 and hope to keep it up for the next 9 months as we get out of debt!

By: Angie

Angie — Thu, 18 Jun 2009 15:59:33 +0000

We’ve been doing cash only for several years. As far as the change goes… because I don’t carry a purse, all of my change goes into my pocket and when I go home it goes into a jar. I use this jar for garage sales & the car wash, but still don’t use it all up. This past Christmas we counted our change and had over $200. It was a nice treat that we didn’t really plan for.

By: anne

anne — Thu, 18 Jun 2009 15:12:54 +0000

Your progress is very inspiring to me! I’d like to give the cash-only system a shot. thanks for sharing.