Comments on: The “Paying Cash” Experience – 2 Months Later

By: Rethinking Credit Card Rewards - Are They Worth It? :The Happy Rock

Rethinking Credit Card Rewards - Are They Worth It? :The Happy Rock — Mon, 26 Oct 2009 03:36:57 +0000

[...] same long time readers will remember that I started paying cash for more of my purchases than I used to. While I love the fact that my credit card bills are much [...]

By: Sacrifice and Save Money with Store Brands | The Happy Rock

Sacrifice and Save Money with Store Brands | The Happy Rock — Thu, 22 Jan 2009 12:40:21 +0000

[...] (let me tell you…Good stuff). But I’m proud to announce that since we’ve started using the envelope system, which limits our grocery budget, I’ve finally acquired the taste for “Land-O-Lakes” [...]

By: Sandy

Sandy — Mon, 19 Jan 2009 02:30:45 +0000

I liked using credit cards because of the 30 day float. but the problem was I was not holding myself accountable to a budget. Now that I only have a few dollars on me, once it;s gone, Im done spending.

By: Valuable Links For Your Life-Dec-7-08 | Value For Your Life

Valuable Links For Your Life-Dec-7-08 | Value For Your Life — Sun, 07 Dec 2008 15:58:05 +0000

[...] Happy Rock writes about The “Paying Cash” Experience-2 Months Later This is very interesting since we have just completed month 1 of our cash [...]

By: Peter @ Wealth Creation

Peter @ Wealth Creation — Wed, 03 Dec 2008 21:23:28 +0000

My father is a huge advocate of the envelope system. He is also a neurotically organized person. (That’s just my opinion) I tend to schedule my life in a creative manner according to when inspiration strikes. It works for me. As a direct result, I believe that this so called “envelope system” will never work for me. It’s just too organized…

I do believe in paying in cash though. It doesn’t help that in the country I’m living in right now, credit cards are still considered “new fangeled” and “amazing” thus they are rarely accepted.

It’s far far to easy to just swipe a card and forget about it. When you actually fork over a wad of cash you get a very real sense of how much you are spending. I think you can’t truly appreciate how much money paying in cash saves you until a year or so when you look back and realize just how much money you didn’t spend that would have been easily lost if you used a credit card.

Keep up the good work!

By: Moments of Fame « Funny about Money

Moments of Fame « Funny about Money — Tue, 02 Dec 2008 18:26:25 +0000

[...] with the Netflix case. And here’s an interesting report at the Happy Rock, whose proprietor switched to cash for all spending and is comparing the results with her prior credit-card expenses. Possibly related [...]

By: 154th Festival of Frugality

154th Festival of Frugality — Tue, 02 Dec 2008 14:12:38 +0000

[...] Happy Rock discusses her test in The “Paying Cash” Experience – 2 Months Later posted at The Happy Rock. I’ve found I spend substantially less with cash, we’re [...]

By: DD’s Monthly Expenses - November 2008 | The Happy Rock

DD’s Monthly Expenses - November 2008 | The Happy Rock — Tue, 02 Dec 2008 04:14:16 +0000

[...] of what it should be. Even with the receipts, I can’t believe it’s so high. The envelope system can’t get here fast [...]

By: Peter

Peter — Thu, 27 Nov 2008 03:03:15 +0000

We’ve been using a the envelope system for a short while now, and we have seen a tremendous savings. As was mentioned above, you have a set amount of money in the envelopes every 2 weeks/month and when that money is gone, it’s gone. No trips to the ATM, and no stopping by the bank to get more. I can honestly say it is saving us hundreds because it has forced us to set actual “limits” to our spending, and not go over. If we find that we NEED to spend more in a certain category, and we’re out of money – we just have to take it from another envelope – and make do with less in that category.

If you’re just taking debit/credit cards out of the picture and switching to cash without any sort of a real plan – I don’t think you’ll spend that much less. I think the key is to make a plan/budget, and stick to it. That’s where the real savings comes into it.

By: Win A Million Dollars Then File For Bankruptcy

Win A Million Dollars Then File For Bankruptcy — Thu, 27 Nov 2008 01:29:20 +0000

[...] Happy Rock: The “Paying Cash” Experience – 2 Months Later [...]