Recently I started going to the ATM and withdrawing the cash equivalent of what I have budgeted out for the week. I can't believe what a difference it has made. There's something about seeing the physical cash leaving my hands that makes me much more hesitant to spend it.
Shared by runnindownadream on 10/3/08
This is called the envelope system and it's been a simple budgetary tool for folks starting out on a budget. I do use both cash and my debit card but I keep a checkbook register and have an envelope that holds my receipts for the week. This has been also useful if I need to return something.
True, but you have to deal with change. I prefer to use my debit card.