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How to live a cash-only life

GOBankingRates Logo By Teo Spengler of GOBankingRates | Slide 1 of 11: To fix your spending habits, nothing beats a cash-only lifestyle. Forcing you to set a definitive limit on the amount of money you can spend, this budgeting strategy is a great way to move toward debt-free living.But being debt-free isn’t the only benefit that comes with relying only on cash. Lauren Greutman, a budget blogger and author of “The Recovering Spender,” said going cash-only can also help couples communicate about money as they develop common goals and work to reduce debt. And in time, your spending habits will change. You’ll become a more conscious spender, resist impulse buying and spend your paycheck on what you need instead of what you want.If you want to avoid racking up credit card debt and become a savvier shopper, consider the cash-only method. Use these tips to live a cash-only life.Click through to see everyday money skills you never learned in school.

How to live a cash-only life

To fix your spending habits, nothing beats a cash-only lifestyle. Forcing you to set a definitive limit on the amount of money you can spend, this budgeting strategy is a great way to move toward debt-free living.

But being debt-free isn’t the only benefit that comes with relying only on cash. Lauren Greutman, a budget blogger and author of “The Recovering Spender,” said going cash-only can also help couples communicate about money as they develop common goals and work to reduce debt. And in time, your spending habits will change. You’ll become a more conscious spender, resist impulse buying and spend your paycheck on what you need instead of what you want.

If you want to avoid racking up credit card debt and become a savvier shopper, consider the cash-only method. Use these tips to live a cash-only life.

Click through to see everyday money skills you never learned in school.

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