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How to Live Without Your Credit Card

If you are the type of person that needs to freeze your credit card in the middle of an ice block in order not to use it, this article is for you. Can you picture that? I think freezing the card is a hilarious idea, and usually provides comical relief when the card owner begins chopping the ice block with her stilettos so that she can buy…….more stilettos. The only problem is, once the card is thawed again, it is very likely that we’ll overspend for a few more months and then go through the whole cycle again.

Credit Cards are incredibly convenient. They are thin, light, and quick at the register. But since they are so convenient, we often overspend our means without even knowing it.

If you currently have a balance over $1,000 on your credit card, this post is for you. More than likely, an emergency occurred in the past and you needed to put the expense on your credit card. You’ve been meaning to pay it off, but you don’t have any extra money at the end of the month, so the debt remains.

It’s time to use the Envelope System. My wife and I use the envelope system for nearly everything, and it’s really helped us stay accountable to the budget that we created for ourselves. Let me show you how you can do without your credit card all together.

This table shows the basic expenses that one would incur in a month’s time. By planning ahead, you could learn to manage your money perfectly and leave that credit card in the freezer for a long time.

Hopefully you see the benefits of the system that I just laid out for you.

Benefits of Living Without the Credit Card

· Prevents spontaneous purchases
· No need to check the finance tracker, you can see how much you have left in your hand
· You are more likely to stick to the budget
· You will suddenly realize how inexpensively you can really live
· Easier bank tracking with hardly any transactions
· You will not be able to sink back into debt, once the cash is gone, there’s nothing left to spend
It’s time to get out those envelopes and write the name of the categories on each one. You can either stick that card back in the freezer or you could just cut it up! No need to use it anymore.

Are you currently on the envelope system or focus on using cash instead of credit? Tell me your story!

Credit Cards Money


My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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