Monday, July 29, 2019

Why I'm Going on an All Cash Diet for August

Last year, I got really into learning how to be better with money because I realized that I wasn’t exactly, uhhh, good with it. I only ever made sure I had enough cash to pay my rent and utilities, and then spent the remaining money on whatever I wanted and basically assumed I had enough money to cover all of my expenses. I think we can all agree, I was not really setting myself up for success in terms of saving for the short term or long term. Once I started to learn more about personal finance, I wanted to talk to my friends about it all the time. We talk to our friends about everything, even things we consider to be embarrassing or secretive or anxiety inducing, but we avoid talking about money, though it is usually where lots of us could use the most help. So, internet friends, we are gonna talk about money. 

Next month, I am going to go on an all cash diet as a means of aggressively saving money. So, I will be paying for nearly everything I buy with cash. I say nearly because I will be using my travel rewards credit card to pay for a hotel stay and flight in August, and paying for rent and other bills electronically. When the cash runs out, so does my spending -- yikes! 

In June, I decided to move out of my beloved one-bedroom apartment into a two-bedroom apartment and have a roommate to cut my monthly fixed cost of living by about 45%. And since I did make what was for me such a drastic lifestyle change, I want to take this seriously and do what I set out to do - save money! 

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