Going Cashless

Long ago, I received some very good advice about money from a local
frugal businessman. He and I were discussing living on $5,000 a year and
his first piece of advice was to carry no currency, no checks, and no
credit cards at all. I thought about it and realized that I had a cell
phone, a vehicle and the nearest help for a true emergency was minutes
away. What did I have to lose? I have been doing this for several years
now, and it has cut down on my impulse spending tremendously! On payday,
I fill my tank, buy groceries (with a single check I put in my purse
for that purpose) and pay the one bill I have each week. I also keep
enough cash at home to pay my daughter’s allowance and lunch money for the
week.
Brenda T. in Frederick, MD