If You Can't Pay Cash, Then You Can't Afford It
I came across this pearl of wisdom on Pinterest. We were making purchases on our credit cards that we planned to pay off with our next paycheck. In other words, we were spending money we didn't have. In doing that, we lost track of just how many things we were planning to pay off and were hit with some major sticker shock when the statements came in each month.
I do occasionally use a credit card, but anything we charge gets paid off immediately. And by immediately, I mean I pay, get in my car, log onto my bank's app, and make a payment for the exact amount that I just spent.
If I don't have the money in my checking account to cover the purchase, then I don't buy it. It's as simple as that. But as someone who loves a good sale more than pretty much anything (aside from my husband and kids), I will admit that there was nothing simple about becoming disciplined enough to walk away from 75 percent off holiday decorations.