anonymous reader writes: using cash for everything
Assuming you’ve already cut up all your credit cards, what do you do next? Well if you’re anything like me it’s a huge pain in the ass to actually work with cash only.
I’ve read tons of financial articles and minimalist blogs that make compelling cases to switch to using cash for everything and stop using credit cards. In addition to these great benefits I wanted to protect my privacy. I don’t trust anyone with my personal information and nor should you. Using cash means no one is logging all your purchases and storing your personal spending habits to be sold off or stolen.
So here are a few things I’ve done to make things as easy as possible to make the switch.
Stop using your debit cards that have a Master Card or Visa logo to make purchases. Use actual physical money. Go to the bank and have them send you an ATM only card and cancel your debit card. Not having a debit card in your pocket will prevent you from using it in a moment of weakness.
The bank will ask why you want to do this and why can’t you just not use it for debit purchases. At this point you have two options, you can do what I did and tell them you’re a shopaholic and have no self control or say you’re a paranoid schizophrenic who thinks computers are watching you.
The next thing I recommend doing is purchasing a small lock box or just use envelopes. If you’re going to keep cash in the house it’s a good idea to keep it organized and have enough to draw from without having to go to the ATM four times a week. This should do the trick unless you plan to keep a few grand in the house. If that’s the case I recommend you buy a fireproof safe or find a few places to hide money.
After awhile you’re going to have a fair amount of change to deal with. You’ll get robbed if you take your change to a store to be sorted so I recommend you invest in a quality coin sorter and not some cheap throw away Christmas gift. I use this coin sorter. You can also put the kids to work and run your own coin rolling operation like my mother used to do.
Use a thin wallet to eliminate bulk when carrying cash. I use an ALL-ETT Eco-Thin wallet.
Carry a $100 bill in your wallet as a backup for emergencies. With no plastic card to fall back on when the unexpected happens, having a c-note handy can save the day. It’s also mentally tougher to justify breaking a large bill on frivolous crap.
Meeting with friends and associate’s for drinks with no plastic to open a tab can suck. So when with close friends, let them open the tab and just split it at the end. If your with associates, use your old debit card (the one you canceled earlier) to open a tab then cash out with paper or pay cash at the bar for each round with a few notes on top for the bartender.
If you need to shop online, ask a friend or family to order it for you. Just don’t expect them to keep any secrets if someone comes asking questions. And don’t bother with asking “not to tell anyone”, this will guarantee it will be up on Facebook by dinner.
To make things even simpler stop buying shit you don’t need. I have trouble with this one…