how can I stop spending money without a bank account?

Question

i have a major problem!!!! i really really don't want a bank account, but i still want to save my allowance! i used to have $600, but now i have $89. and can i have some answers not including:

just save.
just create the bank account no matter what
thx for the 2 pts
AND
i don't know i know how to save

Answer 1

Make the money difficult to get might help you save. What I have is credit union savings account by my job. I have no ATM or checking to this account and they are closed weekend. The only way for me to get the money out is walk in and draw it out.

Answer 2

I know a woman, and have heard of others advocating it, who used an envelope system. The envelopes are each labeled with the various categories that you need to allocate your funds to each time you get money. Like say, mad money, short term savings [for clothes, shoes, make-up, etc.], long term savings [ car insurance, rent, utilities, groceries, etc.], absolute savings [for emergencies, illness, medicine, or as a way to really save money], or all of those sub-categories can be broken down so that you have absolute percentages for the routine expenses, like rent and stuff. Some people figure out a budget, based on needs and wants, then take the amount of money coming in and how often, then do a percentage breakdown on how much it will take each time to fulfill each category over time and put the appropriate amount into its respective envelope and that is what the money is spent on. No borrowing out of one envelope to spend in a different category without replacing it as soon as possible. For some people, this is a very effective way to keep spending under control and to watch how much is really spent on impulse buying that could be held onto for use on a more expensive, more desired purchase a little later.
It might work for you or it might not. You would have to be committed to making it work and exercise a certain amount of discipline, but some people actually switch from using a check book or ATM card, credit or debit cards, etc. because it makes them more accountable for their spending habits and helps them to manage their money more effectively.
For what it's worth, it is an approach that helps some folks. Hope the idea at least gives you something to think about anyhow.
Good luck. Cash can be very difficult to hang onto. But then, all forms of spending can be abused and misused depending upon the individual.

Answer 3

I really really don't understand why you don't want a bank account...You could start a savings account...that will earn interest. So, while your saving your money, not letting it burn a hole in your pocket, You can also be earning some money...Not wanting to have a bank account makes absolutely no sense at all...especially if you don't have enough self control to hold on to your money. Live and learn. Responsibility is a key.....

Answer 4

Well, you have a lot of options:

You can ask your parents for help. I know when I went off to college my Dad would get pamphlets from credit card companies on teaching your children to save.

During the summers of college my Dad would require me to give him 3/4 of my paycheck. He put that into a savings account for me, so that when I went back to school I actually had some money and could pay my bills like car insurance.

Hide it from yourself. Get a little check registrar book or something and keep track of how much you are taking out and how much is left in your secret hiding place. Every so often on paper you could take away $10 that you are leaving in the secret hiding place so it is like ghost money. Then one day you will go check and be pleasantly surprised by how much you still have!

Good Luck to you!

Answer 5

Find someone you trust who will be willing to help you out. They can hold the money for you. If you don't have access then you can't spend it. A bit risky because you have to have absolute trust in them to not take it.

Answer 6

become habitual to purchasing shares and gold.