Comments on: Want to save money? Carry around $100 bills. http://bargainbabe.com/2009/03/27/want-to-save-money-carry-around-100-bills/ Save money with coupons, deals, and inspiration! Fri, 10 Feb 2012 00:09:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Leslie http://bargainbabe.com/2009/03/27/want-to-save-money-carry-around-100-bills/comment-page-1/#comment-1501 Leslie Fri, 27 Mar 2009 19:40:47 +0000 http://www.bargainbabe.com/?p=2943#comment-1501 I too have started to carry around a cash allowance that is to pay for food and all other misc purchases for the week. If I have money left over at the end of the week then I subtract that from the money I will use the following week. This has made me much mor aware of spending and I constantly am watching how much cash I still have near the end of the week I too have started to carry around a cash allowance that is to pay for food and all other misc purchases for the week. If I have money left over at the end of the week then I subtract that from the money I will use the following week. This has made me much mor aware of spending and I constantly am watching how much cash I still have near the end of the week

]]> By: bargainbabe http://bargainbabe.com/2009/03/27/want-to-save-money-carry-around-100-bills/comment-page-1/#comment-1499 bargainbabe Fri, 27 Mar 2009 19:35:15 +0000 http://www.bargainbabe.com/?p=2943#comment-1499 Maggie, your system sounds a lot like mine! I give myself a set amount to spend every month and when it's gone, I have to sit tight until the start of the month. Glad to hear you found a budget that works for you! Maggie, your system sounds a lot like mine! I give myself a set amount to spend every month and when it’s gone, I have to sit tight until the start of the month. Glad to hear you found a budget that works for you!

]]> By: The Unethical Man http://bargainbabe.com/2009/03/27/want-to-save-money-carry-around-100-bills/comment-page-1/#comment-1498 The Unethical Man Fri, 27 Mar 2009 19:32:10 +0000 http://www.bargainbabe.com/?p=2943#comment-1498 I think the article has a certain amount of psychological logic to it. I, too, would be less likely to spend money if I had to break a $50 or $100 bill on my person. It also helps that many places won't accept bill denominations over $20. If I had to pay for something in cash, first I would grab my loose change, then I would proceed to use $1 bills looking for the most faded ones first and keep going from there. Personally, I rarely carry more cash on me than needed to buy a tank of gas or a $5 lunch. 99% of the times, I pay with a credit card and enjoy the additional benefit of cashback rewards. However, I will carry a few large bills on me when I am traveling just in case of an extreme emergency. If I have not spent the cash upon my return home, it goes right back into my money market account. I think the article has a certain amount of psychological logic to it. I, too, would be less likely to spend money if I had to break a $50 or $100 bill on my person. It also helps that many places won’t accept bill denominations over $20. If I had to pay for something in cash, first I would grab my loose change, then I would proceed to use $1 bills looking for the most faded ones first and keep going from there. Personally, I rarely carry more cash on me than needed to buy a tank of gas or a $5 lunch. 99% of the times, I pay with a credit card and enjoy the additional benefit of cashback rewards. However, I will carry a few large bills on me when I am traveling just in case of an extreme emergency. If I have not spent the cash upon my return home, it goes right back into my money market account.

]]> By: Maggie http://bargainbabe.com/2009/03/27/want-to-save-money-carry-around-100-bills/comment-page-1/#comment-1491 Maggie Fri, 27 Mar 2009 14:05:17 +0000 http://www.bargainbabe.com/?p=2943#comment-1491 I definitely agree with the whole carrying larger bills around--it takes me longer to break a $20 or $50 or $100 when I have them! I've started trying to take out my weekly (or bi-weekly) "daily spending allowance" in cash (the budgeting route that works for me, personally...I know it doesn't work that way for everyone!). It REALLY helps me to save money and think about what I'm buying. I have the cash, and once it's gone, I am not allowed to spend any more money until x date. It's a good way for me to cut out what I don't REALLY need to buy, and a very good way to keep myself in check when I go out to dinner or bars with friends! I definitely agree with the whole carrying larger bills around–it takes me longer to break a $20 or $50 or $100 when I have them!

I’ve started trying to take out my weekly (or bi-weekly) “daily spending allowance” in cash (the budgeting route that works for me, personally…I know it doesn’t work that way for everyone!). It REALLY helps me to save money and think about what I’m buying. I have the cash, and once it’s gone, I am not allowed to spend any more money until x date. It’s a good way for me to cut out what I don’t REALLY need to buy, and a very good way to keep myself in check when I go out to dinner or bars with friends!

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