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By: Monty Loree
Do you desire to take out the worry in your financial world. Using a strictly cash system is probably the answer to your money problems. If you are over stretched with credit because of ill spending habits, and feel over dependent on credit, it is extremely important that you work with a cash only plan. 11 Cash only lifestyle - Quick Tips 1. Put your credit cards in an out of reach place. Take them out of your wallet. 2. Study all of your credit card statements. Learn about your purchases, interest and balances. 3. Quietly reflect on your spending habits for 1-2 hours . Make this a regular habit. 4. STOP YOURSELF if you're going to do an impulse purchase. Wait for 2-3 days to cool down the impulse. 5. Plan for a weeks worth of cash. Put this amount of cash in a safe place at home. 6. Home cooking doesn't require credit cards. Cook at home all the time. 7. Stop doing activities that interfere with your financial plan time. Give yourself time to plan your cash lifestyle 8. Buy things only when your monthly bills are paid for. 9. Buy things only when all of your debts are fully paid up-to-date. 10. Buy things only when you have a positive bank balance. Cash in the bank. 11. Buy frivolous things only when you have 3 months worth of cash stored in the bank. Strict cash only buying could mean a positive lifestyle change from you and your family. Being overloaded with debt has probably cause enough bad life style changes already! There is nothing negative with living within your means cash wise. You may have to make some changes living a strictly cash only budget. You may buy a few less frills. You will gain a great deal of peace of mind in the future. The strongest way to get motivated is by asking how being debt free and having cash in the bank would make you feel. I'm confident that this situation would give you the most peace of mind. Act now! It's important to start on your cash only - strictly cash life style immediately.!
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Monty Loree is the founder of Canadian-Money-Advisor.ca
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