hunneybunney
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I cancelle my debit card and changed it for a hole in the wall card so i cant go into a shop and pay for it that way.. i have to physically go to the cash point and take the cash out. Makes you think twice whn you see the cash in your hand and realise how much you spend. Also cancel your over draft so yu cant go over drawn! It does help and I am always in debit now... |
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vandall
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HI my name is vandall and i am a (recovering) spendaholic. The best thing i ever did was give my cards to my partner (who is a great saver) and had them give me a weekly allowance. I had to buy my lunch and anything else i wanted with this very small amount. i suffered at first but after a couple of weeks i realised just how little i could live comfortably on. It also helped us to start saving money and seeing the savings account grow really inspires me to keep to the budget.
As with any behaviour, you have to train yourself and they say any habit takes about 3 weeks to take hold, so stick with it.
At the end of the day you CAN stop spending, you just dont want to. You need a reason to want to.
We're now on our way out of debt and its such a weight off both our shoulders.
Good luck!! |
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jec0620
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DISCIPLINE!!!! You have to take charge of your spending. One thing to do is set up a savings plan that you won't have easy access to. Perhaps, open an account with a bank that you will not have access to with your debit card, and put money in it. that way, it will be hard to spend. HOWEVER, the biggest thing is to just have discipline and don't spend it. that may take practice. . .lol |
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FuturisticKid
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Unless you can afford a trust worthy finnancial manager I'd say you need to try really hard to save, maybe not in the bank but somewhere in a money box or something.
I know how it feels to spend out as I have done it many times, while it can be fun it leaves you saying, oh dear afterwards.
PS: You don't need the financial manager maybe just a friend or family member. :) |
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Lilly11a
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Have your wages paid into your bank account and have all your monthly bills- rent, electricity, council tax come out the next day by direct debit. Set up a cash card account and get any excess transfered to there and use that as yourspending account that way you will cover your bills. |
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yvonne m
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I went bankrupt a year or so ago and then lost all cards etc. Seriously it was the best thing in terms of making me notice what I spent, I don't recommend you go bankrupt!!! but I really recommend you leave your card at home and carry cash or only have certain amount of money transferred onto the card account. cards are useful for internet etc. but cash is best for everyday. I would also work out your expenditure and give yourself an allowance and set goals for saving. If you reach them each month reward yourself and buy something a bit frivulous, that way you'll feel naughty and good. |
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Scott
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Well turn your spending into a different direction. Instead of spending it on goodies and services Open up a savings account and deposit monies into it or buy Bank CD's. Then you maybe won't have the money to spend right now but it will be out of your hands but you will still have the money for real important things. |
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leowin1948
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Saving is a habit.If you know how to spend and get full value for money it is also savings.If you are salaried,you can join Provident Fund/Pension Plan where monthly deductions from salary ,are made by employer at source.Join recurring Deposit with some banks.Make savings a habit.at least 30 percent of your income must be saved. |
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sajirvill
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find a partner let him/her do all ths spending.. whahahaha |
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ejb199
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when u get paid each month, set up an automatic transfer to put some into a seperate savings account.
you have to be strict with yourself - set a budget, take the cash out and then hide your card away!
whenever i feel the urge to splurge, i always think - right, if im still thinking about that item in a weeks time, ill come back and get it - and usually im not! |
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kenseavert
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Spending money is okay but you have to spend it on something that makes you money rather than something that takes your money. Define what you want to accomplish in life and arrange your spending habits to your priorities. Ask if what you are spending your money on is forwarding what you want to accomplish in life.
Sincerely,
Ken Seavert |
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honey
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When you use a cheque book you write the amount 3 times,and I think it tends to enter your conscience more.Plus you have an actual record.Where as with plastic,you don't really take in what you are spending.
Maybe the answer is to keep a notebook of your spending,and a running balance.
And ask yourself do I really need more stuff.?? |
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Joe_123
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One thing that helped a spendthrift friend of mine was to freeze that credit/debit card in water. Whenever she wanted to buy something, she would take out that card and start to thaw it out. If you can wait for the thaw it might be something that is worth buying otherwise put that card back in the freezer.
Set up a budget of what you can afford to spend during the week and withdraw that much cash from your bank. When you run out of cash, you are done for the week. I have always heard that you should make a rule of living off 82% of your income, if you break that rule penalize yourself from your allowance.
I know it sounds strange to be working for an allowance but if you cannot help yourself, having some strict rules will get you back in line. Remember to pay yourself first and take care of your future before you wonder about how much money you have to spend. |
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Mercia L
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Try to draw just enough cash and leave the cards at home...try paying your debt via the internet, that way you dont have to go into the shops and be tempted to buy anything...never go grocerie shopping when you are hungry, everything will look yummy and you will end up buying alot of unnecessary things.. |
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Jay P
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The only way you can save money is to learn self-control and be disciplined! Try putting some money away where it isn't easily accessible (ie: another bank account, in a CD, investment, etc).
You're the only way you're going to stop spending-- is if you stop opening up your wallet! |
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cja
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Rip up all your credit cards and now think of the future. |
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michelle j
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ditch the debit card. They r soooooooo tempting. Also set up a cd account at your bank with some extra cash instead of spending it. you cant touch it untill it matures and if you do theres a penalty. |
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cocacola
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well you better be careful with money you should put it in banks and pay bills with it and then keep half out for yourself. |
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SG Elite
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Self-discipline. Stay at home! |
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Katie
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If you find out can you let me know please! Im skint also - im a shopoholic!! |
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