The Change You Should Make NOW to Save Money

Posted March 29, 2013 by Marcy Twete in Life After Five
Xmas time

A while back, I talked about living in a “post-cash” world, where everything can be bought and paid for via app from taxis to food and everything in between. Our financial expert, Kelley Long, warned that while this can be a convenient way to pay, you also have to be sure to pay it off every month! I didn’t think much of it at the time, because I’m kind of a slave to my checkbook. Even with online banking and becoming someone who hasn’t actually written a check in years, I am one of the very few people left in the world who lives and dies by an actual check register. Yes, that’s right, I write down every debit transaction I spend and split them into categories like dining, groceries, entertainment, etc.

But I realized that in my own post-cash world, I was making a HUGE financial mistake, something I call “spreading the love.” Throughout any given month, I might log on to buy something on Gilt or RueLaLa, order something else on eBay, pay for something with a PayPal account, or grab a quick Uber ride. And while I don’t fear I won’t have the money to pay for these things, I pretty much put the expense on whichever credit card is the default for that online account, none of which are my debit card. Inevitably, at the end of the month, I manage to look at 2-3 credit cards and say, “Ouch! I didn’t know that much was on there.”

I decided it was time to make a big change in this area.

My BIG Money Change

I logged into every single one of my online accounts and deleted the “saved cards” from all of them except my debit card.

What does this do?

  • It forces me to “feel” every transaction exactly when it happens. Pay for it in real cash money and it hurts more!
  • It makes me second guess the things I buy knowing I might return them later. I’m known to order 3 things on RueLaLa, try them on, and return 2. But really, I probably could have narrowed it down to that one in the first place and saved myself time and money!
  • If I do want to buy something that requires more cash than is in my pocket (or account) at the moment, it forces me to make a conscious decision to use a credit card. Instead of dropping that $500 on a ticket to a conference immediately via PayPal, I did my research to make sure it was a worthwhile experience before walking across the room and grabbing my purse for the credit card.

This is what I needed to do to change my financial circumstances. Should you?

About the Author

Marcy Twete

Marcy Twete is the author of "You Know Everybody! A Career Girl’s Guide to Building a Network That Works" and a career expert who believes in order to be empowered in your career, you must be surrounded with resources and a network that both supports and challenges you. Marcy began her own networking journey as a professional fundraiser in the nonprofit industry, honed those skills as a fundraising consultant, and in 2012 networked her way to nearly 1 million readers as the CEO of the professional development website Career Girl Network.


    Kelley Long

    YES! YES! YES!!! This is one of my top tips for people who struggle with overspending. I love it!


    Great idea, and totally what I preach!! I think automatic payments are great, but they can be killers, too. This actually gives me a great idea for my new blog!

    X-Box. They charged me a $10/month fee for something. I paid it because I wanted to get the service. When I realized that I was paying $10/month to Xbox for something I wasn’t even using.

    Now here’s the key! If the typical homeowner were to apply that $10/month savings to their home mortgage, every month, they would pay off their home 6 months early, and they would save $5,000 in interest!

    Thanks for the idea! Now, to write my own post…. :)

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