17 November 2010

Make some withdrawal rules

1. Decide on a minimum amount of cash you need for the week
2. Withdraw that amount on Monday and do not make another cash withdrawal until the following Monday.
3. If something important comes up, use your credit or debit card if you absolutely have to - just remember that  you have to pay that bill in full at the end of the month.
4. Keep saving for your goals. Every little bit adds up. When you get a windfall - for example a tax refund or a bonus at work - add it to your savings (after you have a fully funded emergency fund and are debt free of course!).

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