Comments on: Overspending cash?

By: Overdrafting whiners

Overdrafting whiners — Tue, 09 Feb 2010 03:54:56 +0000

[...] Easy AdSense by UnrealI was halfway through leaving a comment on Living Almost Large’s post, “Overspending cash?” when I realized I had to blog about [...]

By: Daphne Lim

Daphne Lim — Tue, 30 Sep 2008 02:15:36 +0000

Thought-provoking post, especially since I recently blogged about trying a weekly cash budget and using only cash as a way to rein in spending, but then I was referring to cash in hand and not out of an overdraft facility. Yes, it’s a disaster how some people aren’t aware of the interest trap they’re falling into.

By: MyDebtRefinance

MyDebtRefinance — Fri, 19 Sep 2008 06:42:07 +0000

A complete lack of discipline and financial ignorance are the problems. Not everytime is about credit and interests, is more about not knowing what you have and what you can spend.

By: Weekend Roundup- Enough With the Storms Already Edition | Think Your Way to Wealth

Mon, 15 Sep 2008 10:33:21 +0000

[...] Overspending with cash at Living Almost Large-it may just be your habits causing you to overspend. [...]

By: Carnival of Debt Reduction » Blog Archive » Welcome to a windy and rainy Carnival of Debt Reduction

Mon, 08 Sep 2008 12:10:27 +0000

[...] Almost Large argues that you can overspend with cash just as you can overspend with [...]

By: Abby

Abby — Sat, 06 Sep 2008 19:21:05 +0000

Oh definitely!

By the way, I was inspired to do my own post about this. I did a link to your piece.

Thanks for the idea

By: Livingalmostlarge

Livingalmostlarge — Sat, 06 Sep 2008 19:02:21 +0000

But it puts to rest the idea that only credit cards cause debt. It seems like it can be done with cash.

By: Tim

Tim — Sat, 06 Sep 2008 12:42:15 +0000

I agree, there’s a void in personal responsibility. By the sheer fact that banks have raised overdraft fees, indicates people are increasingly overdrafting. I know when I was younger, I counted on the 3 day float for check processing, I viewed overdraft as an extension of my account, but that was when i was stupid and had some wierd notions about finances. That was behavioral.

my colleague was really happy when she paid off a credit card. this led to a discussion about how she viewed credit cards, which she replied that it was difficult for her to stop thinking that the available credit equates to money she has available to spend. I remember having the same mentality when I was younger. It’s behavioral.

By: Patience

Patience — Sat, 06 Sep 2008 11:53:55 +0000

Someone actually thought it would take “hours” or reckoning each day? I spend about 10 minutes a month balancing my checkbook, and it takes about 3 seconds to record checks in the register as I write them. I don’t use a debit card, but I keep a daily record of what I’ve charged on my credit card so I am in touch with my spending, and this takes, at most, five minutes a day–usually less.

By: Livingalmostlarge

Livingalmostlarge — Fri, 05 Sep 2008 23:00:53 +0000

Interesting that overdraft fees cost more than CC interest.