Thursday, 21 May 2009

A Fiver a day keeps the debt away

I am back on the £5 a day deal, after about two weeks off it and I still have £17.09 left until Sunday. So I am back on track with with this concept, which is very pleasing as it gives me a micro budget to play around with during the week. (yes I am a very sad person I know) A micro budget is very helpful to teach you to be thoughtful with your money. I say 'thoughtful' instead of 'careful' because it you really 'think' about what your going to spend your money on you will be careful with it.
Spending only £5 a day has made me change brands (for cheaper options), made me go further a field looking for the best value for money and it has taught me that I can live without having money in my purse. If you don't have it you can't spend it.
Why did I freak out if I had nothing in my purse?
I don't mean having money to pay my bills - I pay them all by direct debt or standing order. I believe the idea of always having cash in hand (or today a credit card at hand) is a modern concept. Did it worry people 50 or 60 years ago?
Was it advertising via the media that has brainwashed us to believe we need cash/credit to hand at all times just in case we see something we really, really want?
Self control is the battle we are facing in the slogg of getting out of debt - self control is not PC now days because we live in a very self absorbed society. "Self control... (if I can remember the words from the Sunday school song) .. is just controlling my self, it's listening to my heart and doing what is smart". Out of the mouths of babes huh!
Have you tried living on a micro cash budget? Give it a go.......

(and if you haven't read it yet get a copy of Kath Kelly's book and see how she lived on only £1 a day for a whole year - Kath you are my hero!)


Money Dieter said...

I have never heard of this, but this is a very neat idea!

Debt Dieter said...

I reaaslly like this idea, I'm going to try it for the month of July I think!