Sign up for Mo' Money Monthly. The best of Mo' Money in yo' inbox.


Gabby’s September Challenge: Use Only Cash

Hey everyone! Last month, I decided to challenge myself to only use cash, and the reason for this is because I felt like my Visa Dividend card was starting to control my spending. I felt like every purchase I made with my Visa was justified, because I’d end up getting some money back at the end of the year.

Turns out, I’d buy things I didn’t really need—and more frequently—just because it was faster and easier to pay for.

My first week using only cash was a bit of a challenge. Finding a bank where I could withdraw money was more challenging than I thought, especially if I found myself in a rush. When I did withdraw money, I took it out in large increments—sometimes as much as $200! It was kind of nerve-wracking carrying that much cash on me at once at first, but it never became an issue for me.

By the second week of September, I was getting good at planning ahead. I worked a lot of late nights that week and ended up having to buy more lunches and dinners than I care to say, so withdrawing a lot of cash really helped me keep track of how much I was spending.

As the third week rolled around, I had become a master. I found myself drinking green tea at work because I didn’t want to waste $3 or $4 on coffee here or there—I’d rather save it up for a dinner or something with more sustenance. With that being said, I estimate I saved about $30 on coffee alone this month! I’m pretty proud of myself for that.

In the last days of September, I felt totally comfortable using only cash, and would definitely do it again. I feel like I’ve saved some money, which is amazing, especially since I’ve been scrounging my change to afford Hunter rain boots for quite some time!

If there’s one thing I learned from the cash-only challenge, it’s that giving your Visa a break isn’t such a bad thing after all. Sure, it may take you a minute to pay at the register, but you could end up saving some money in the long run! #MoneyConscious

Keep flossin’,
– Gabby

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment *