Questions for those who take cash out each week

Ilona

EssexHebridean wrote: »

That bit comes with practise...

True.

A hundred people can answer the Op's question about how they organize their personal finances, and they will all be different. Everyone's circumstances are not the same, where they live, banking online or not, access to a real bank, how many cards they juggle, how many bank accounts they have, what they spend their money on, and how much, and so on.

It doesn't matter which system you choose, it all boils down to the same thing, it's about how much you spend and are you living within your means.

Ilona

aminenirmo

Thanks, I'll have another look at it tomorrow in the daylight.

FrugalinShropshire

Cash only here really. It helps us budget and save. We take cash out monthly for our purse system and weekly for shopping. We have purses (cloth zipped ones , home made of course:A) and we put a set amount in them each month for DIY, gardening, fuel(LPG and logs), chicken sundries, going out, house insurance, prescriptions and water rates. Each month we tally what we have spent from each purse and £1 and £2 coins go in sealed pots and odd change in a big jar. When rates or insurances are due we either pay the money into the bank or pay bills in PO. It really works for us as any surplus is saved and we feel in charge of our money

Ilona

aminenirmo wrote: »

Thanks, I'll have another look at it tomorrow in the daylight.

Strange. Four comments posted withing four minutes all saying the same thing, in different parts of the forum.

Ilona

EssexHebridean

aminenirmo wrote: »

Thanks, I'll have another look at it tomorrow in the daylight.

Ilona wrote: »

Strange. Four comments posted withing four minutes all saying the same thing, in different parts of the forum.

Ilona

well spotted - and odd that in that case, the poster hadn't previously commented on this thread. Power posting possibly?

Ilona

EssexHebridean wrote: »

well spotted - and odd that in that case, the poster hadn't previously commented on this thread. Power posting possibly?

Casing the joint out with a view to spamming I suspect. I notice odd activities, the detective in me wants to know what they are up to.
Ilona

PS. Noticed that you said thank you to Aminen for that useful post, when it wasn't useful. Just wondered.

EssexHebridean

Ilona wrote: »

Casing the joint out with a view to spamming I suspect. I notice odd activities, the detective in me wants to know what they are up to.
Ilona

PS. Noticed that you said thank you to Aminen for that useful post, when it wasn't useful. Just wondered.

The irony is when I looked at their profile I wondered who had thanked them and for what! :rotfl::rotfl: Hit that by mistake - now rectified!

Ilona

EssexHebridean wrote: »

The irony is when I looked at their profile I wondered who had thanked them and for what! :rotfl::rotfl: Hit that by mistake - now rectified!

You gotta laugh, haven't you. Sorry I have taken this thread off topic, let's get back to the subject matter. Has the OP been back?

Ilona

Pickle_Lily

Longtime lurker here!


I use a similar method to this, but using my debit card rather than cash. I have a savings account attached to my current account that I can easily transfer money between using mobile app/online. At the start of the month I shuffle all my spending money into this account and only keep a weekly budget in my current account. I simply transfer the money at the start of each week and I usually transfer less than my planned budget and try to spend a bit less (weirdly I enjoy this little game).


Direct Debits and Standing Orders all go out at the start of the month. I have a separate account for bills and another for food so I can do this.

Growurown

We've just started a cash system for food and spending money. OH isn't very good with money and since we became debt free (well I became debt free and he still has a few debts) he's rejoiced in being able to spend without thinking about it too much.

However we have very little in savings and now my job is going.:(:mad:
I've been told that there will be cuts to the work budget resulting in some jobs going next March and all jobs gone by December next year when we close down. So I wanted to start saving and getting some cash to help tide us over in case I am out of work for a while. I will get some redundancy as well.

I found it so difficult to keep tabs on things, so many card payments going through the bank account, so now we draw out cash for food and spending and when the cash is gone no more spending is allowed. I've set up new spreadsheets so I can keep track on all the spending that isn't either bills, petrol or the cash for food and spending. It's all these 'hidden' payments that catch me out, like vets fees, kennel fees for the doggies when we go away, birthday presents and such like. On paper it looks so good! I should be able to save lots but it all seems to go and I need to know where it goes now to be able to put a stop to it! (Who am I kidding:rotfl:)