I don’t have a lot of money. Not a surprise, considering I don’t work and I’m only about nineteen years old. I do have my own bank account, however, although there’s only sixty dollars in it. I started out with fifty, so whenever the balance falls below that, I get a text message on my phone to alert me of it.
Yesterday, before I went to my therapy appointment, I stopped by the bank to deposit money, which put my account at its current balance. In truth, I hate for my balance to be under fifty. Not because of that text message, but because I feel disappointed in myself. The danger to having sixty bucks in the bank is that, even if it is a small amount, I essentially have enough to buy anything I could want. I generally don’t want anything over forty dollars, so the account wouldn’t even be empty.
Basically, I’m an impulsive buyer and I want to stop that. Actually, I need to stop that. I don’t think it’s even impulse. More impatience. What eats up most of my money is expansions and stuff packs for The Sims 3. Before that, it was Pokemon, but I’ve lost interest in those games, although I still have them and will not give them up.
So, I’ve made another goal for myself: Do not let my account fall below fifty. I’ve made this goal before, but never stuck to it. What difference writing about it makes, I have no idea whatsoever, but I am sticking to it this time. I want to get my account to a hundred, hopefully by June. Let’s see if I can do it!
April 5, 2013 at 3:12 pm
Here’s an idea: Keep just $20 cash on you. Leave the debit card at home whenever you go out. $20.00 is plenty to handle any small emergency that may arise while you’re out, like needing cab or bus fare, gas or a tow, or anything else that comes up. Impulse buys are a lot harder to make when you actually have to see the money leaving your hand too. Plastic is easy to swipe and not think about!
Also, instead of keeping your money in a checking account, just keep a small amount in there and put the rest in an interest bearing savings account (which you can likely open for a very small transfer at your current bank). That way you can’t use your debit card to access it at a cash register *and* it’ll add up little by little with interest.