I have a lot of inspirational friends doing inspiration things, but one of the most practical pieces of wisdom Ive stolen in the last year is from Amy Hodgkinson, who got herself into a wee bit of debt in her early twenties (like many I know) and last year, paid the whole lot off.
Her big trick? Quite simple really… In an age of electronic transactions, she bucked the tide and withdrew her allocated allowance every week. When that was gone, so was her ability to spend.
Ive managed to avoid debt (outside of business debt early on, and my mortgage) and I think as a result, Ive become somewhat flippant about money. I have a sneaky suspicion that while Im merrily not monitoring whats in my bank account, Im spending extra on things I really dont need.
So, after several conversations about the requirement for a break somewhere tropical this year, Ive decided to make a real effort to monitor my spending.
My budget is drawn up, my next pay is tomorrow and from now on, I will come complete with a wad of cash.