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Budgeting and Personal Money Management?
#10

Budgeting and Personal Money Management?

I am a big proponent of using cash and only cash for all nightlife involving drinking.

Heres how I do it. I start my night EVERY TIME w/the same amount of money. Say 200-300 dollars. Credit card only as backup for Taxis or what not.

Then I go about my night and then when I wake up, I try to envision how much I spent and then count it.

Initially, I was always over-spending, but you get much better and more cognizant of over-spending especially when you have to fork over cash every time...and you start checking the receipts extra carefully. I got charged double by mistake at mutliple bars, if I was using credit card and its dark, I can easy sign away. Counting out cash always make your mind double-check

Dont remeber where I read this, but holding large sums of cash is a dopamine stimulant, and when you pay by card, you dont feel the pain as much as you do from spending cash.

Spending habits are largely psychological, and you can train yourself to "feel the pain of over-spending." Bad habits need drastic over-correction to correct. You will likely initially go into over-zealous skimp mode, but then relax and spend at a comfortable level.

WIA- For most of men, our time being masters of our own fate, kings in our own castles is short. Even those of us in the game will eventually succumb to ease of servitude rather than deal with the malaise of solitude
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