what are are the financial strategies you use to manage your money better?

What are some strategies when trying to quit or cut down? What works for you?

Re: what are are the financial strategies you use to manage

Postby shaun1 » Fri Mar 30, 2018 1:44 pm

I seriously think if u have ANY credit cards, $1000 limit or even $500, get rid of it! as fast as possible!

If you don't have the money to buy something then don't buy it! only if your serious about quitting gambling...
shaun1
Member
 
Posts: 47
Joined: Fri Sep 13, 2013 1:35 am

Re: what are are the financial strategies you use to manage

Postby SistaB » Sun Feb 04, 2018 8:39 pm

If you have a smart phone - Apple Pay or the android version I have found is very effective.

You scan add your debit card to the wallet feature and paywave your phone to make purchases. The card details are not kept on the phone but the device is registered with your bank. Iphone lets you use your fingerprint for authorisation.

Credit cards should be cut up, paid off and cancelled!!!

Lock your cards away at home and then you dont have access to withdraw cash. Just be mindful of places that may charge a minimum eftpos fee etc.

With the digital age you can pretty much electronically pay for anything so you should never need to use cash. Alternatively once a week withdraw $50 cash lock away the card.
SistaB
Junior Member
 
Posts: 10
Joined: Sat Feb 03, 2018 5:53 pm

Re: what are are the financial strategies you use to manage

Postby Jeddie » Thu Nov 30, 2017 4:58 pm

.
IN GAMBLING THE MANY MUST LOSE IN ORDER THAT THE FEW MAY WIN
George Bernard Shaw
Jeddie
Senior Member
 
Posts: 254
Joined: Sun Oct 22, 2017 7:32 am

Re: what are are the financial strategies you use to manage

Postby Oregon » Thu Nov 30, 2017 4:54 pm

I bank with NAB and my card used to have a $1,000 cash withdrawal limit.
Recently they changed to $2,000 and they have told me I can't reduce it at all.

I'm changing banks.
Gamble free since 29.05.18
Oregon
Senior Member
 
Posts: 122
Joined: Thu Nov 30, 2017 1:08 pm

Re: what are are the financial strategies you use to manage

Postby shaun1 » Wed Apr 12, 2017 6:01 pm

My friend suggested to me that i snap my ATM card, and only use my mobile phone to do paypass through the commbank app, and if i need cash for something to go to the bank and just withdraw what i need exactly and nothing more extra.

seems like a good idea i think, alot of places take contactless payment these days
shaun1
Member
 
Posts: 47
Joined: Fri Sep 13, 2013 1:35 am

Re: what are are the financial strategies you use to manage

Postby blastoise (facilitator) » Wed Mar 15, 2017 12:43 pm

Geez, I need to take a leaf out of everyone elses page here! I've just been writing all these awesome strategies down to give to other people who can't access the internet and join!

Zoe, Dittogirl, Angie, Glan - great suggestions, reasonable and achievable strategies!

Peter2 - Good to hear that one of the banks is making some positive policy change with regards to limits on withdrawal amounts. I think this is great and will be sharing it with others.

Ben - great plan! - Rabobanks Notice Saver seems to be becoming very popular. I have one myself, and think it is a great way to reduce spending and control impulses, as well as save for those things coming up that require $$$. They also offer 30, 60 or 90 day accounts. I found the link if others are interested: https://www.rabodirect.com.au/notice-saver/

Keep em coming, these are great!

Blastoise
blastoise (facilitator)
Senior Member
 
Posts: 222
Joined: Thu Nov 26, 2015 3:49 pm

Re: what are are the financial strategies you use to manage

Postby annnie » Sun Mar 12, 2017 3:03 pm

HI, How about asking the bank if you can have no cash withdrawals put onto the card, I know that's not an answer to the problem at hand , but something to consider. Please make appt with a financial counsellor , it is their role to work out the best solution for your situation, you will be surprised at how they can help you, while your'e stressing over affording the bills coming up, they may see the answer that you can't at present. make arrangements under hardship, many oblige. I was told to make some payment , no matter how small, so it does'nt go to collections, that's when it becomes difficult. If you are able to somehow afford the rego ( see fianancial counsellor ) perhaps go to the lowest insurance cover. If you drive the car unregistered you are not covered by TAC etc. Survive on the most basic of food. no extras.

Hope I have helped in some way, good luck.
annnie
Senior Member
 
Posts: 201
Joined: Sun Nov 13, 2016 4:07 pm

Re: what are are the financial strategies you use to manage

Postby Izzi » Sat Mar 11, 2017 7:09 pm

What an amazing post!

I love everyone's advice and useful tips. I really need to decrease the withdraw limit on my card that will protect me in case I have a slip up.

Currently swimming in ridiculous amounts of debt, have not been clean for that long and I am way in over my head. My registration and insurance are due in under two weeks and I have no means at all to pay for them. I guess it just means, will have to go without my car. Not wanting to risk it by driving an unregistered car.

What about credit cards that have a certain minimum limit, for example if it is a $1000 card but you only owe $500 do they let you decrease the card limit to $500?
Izzi
Senior Member
 
Posts: 159
Joined: Fri Feb 19, 2016 9:33 pm

Re: what are are the financial strategies you use to manage

Postby pamela » Tue Jun 14, 2016 9:17 am

Hi Ben that sounds like a great idea thanks
pamela
Senior Member
 
Posts: 1506
Joined: Sun Jun 29, 2014 9:38 pm

Re: what are are the financial strategies you use to manage

Postby Ben » Sun Jun 12, 2016 8:21 pm

hey ang,

Sure is, comes from Rabodirect, which is an online bank. They offer 31 day, 60 day and 90 day accounts. Really is a great idea because once you transfer the money you can't access it for xx days , it's my favourite bank account :) (I'm using it to save for NZ holiday spending money)
Ben
Member
 
Posts: 37
Joined: Sat Apr 23, 2016 11:02 am

Next

Return to Strategies for Change

Who is online

Users browsing this forum: No registered users and 1 guest
cron