I forget where I read this, but I thought it was a brilliant idea. What if you were really serious about getting your spending under control? You could set it up so that your husband gets an Email every time you spend XXX amount of money. Or your mother? It would be embarrassing, but it would certainly be a good deterrent!
A couple of my male co-workers were talking outside my cubicle the other day. They were joking about having to “bird-dog” their wife’s spending on a daily basis to keep it under control. At the time, I thought it was pretty disrespectful, but on the other hand, I could see their point, if their wives were “crazy spending” and not making reasonable attempts to keep it under control.
However, with most major banks, it is possible to set up all kinds of alerts, and I use them a lot. However, I leave my husband out of it. Instead, I let the bank yell at me directly. Obviously, they don’t actually YELL at me, but I do get frequent Emails for all sorts of things. I get alerts if I let my savings balance drop below a certain range, if I overspend on my Visa account, or if my checking account hits rock bottom.
This helps in several ways. It’s kind of a pesky nag point for me to want to get my balances back where they are supposed to be – it is such a relief when the Emails stop after a period of weeks or even months! It also acts as a fraud alert in case someone charges a bunch of stuff on my credit cards or checking account, and it also gives me a quick warning in time to head off an overdraft. Those darn little bank alerts are a pretty handy little tool, if you use them right.
What ways can you think outside the box to outsmart your money?
Adrian blogs over at AdriansCrazyLife.com where she shares an eclectic mix of posts about decluttering, paper crafting, finances, and all of the other things that make up her crazy life! She is a busy working mother with three sons, a husband, four grandchildren, a houseful of insane cats and a St. Bernard. In her “spare” time, she sells Stampin’ Up! stamps and other paper crafting products and teaches monthly stamping classes.
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