Cash usage thus far
On Monday I began my trek into the all cash world. I must say that I have been doing well so far. I definitely feel a little bit more pain when I slide that cold hard cash across the counter than when I simply swiped my debit card. When you use your debit card you don’t see the money coming out, but with cash you definitely do. As you may remember, I decided to take out $120 each week. Whatever is left over I put back in.
Here is how I have fared.
- $1 for a banana for lunch.
- $16 for a haircut kit
- $7 for an extension cord
I feel good about these purchases because they were all justified. I forgot to bring my banana to work for lunch, so I bought a replacement one. It actually cost me $.55, but I don’t consider coins to be money, so I just round up. I am going to keep all of my coin in a jar and then bring it into the counter every so often. I just need a jar. Right now it is sitting on my desk.
I think that the haircut kit was extremely justified. If you go to Hair Masters a cut will run you $15-$17 plus a few bucks for tip. Even after all that I am still not completely happy with it. It probably doesn’t help that I have a 50/50 chance of getting someone who uses English as their primary language. Maybe it is just me, but I find slight discomfort in not knowing whether or not my hairdresser actually knows what I want. Typically I just hope for the best. So the haircut kit cost the same amount that a haircut from a professional would have cost. The kit has already paid for itself! What a deal! I’m definitely not a pro, but it turned out only a half notch below what Hair Masters would have given me. Throw a little gel in there, and you won’t be able to tell the difference.
The extension cord was a necessary purchase because for some reason we do not have any outlets in the bathroom. I cut my hair in the bathroom, so I needed a place to plug the clippers in. The extension cord solved this problem nicely.
I’ve spent $24 so far so that leaves me with $96 for the weekend. The goal is to not spend it all. We shall see.
Tags: cash, money management, Savings, spending
May 20th, 2008 at 10:53 pm
[…] you remember from my previous post, I had $96 left to spend for the rest of the week. Here is how the rest of my spending broke […]