Write about your approach to budgeting.
Lending Tree shares these five approaches to budgeting:
- 1. The zero-based budget Tracking consistent income and expenses
- 2. The pay-yourself-first budget Prioritizing savings and debt repayment
- 3. The envelope system budget Making your spending more disciplined
- 4. The 50/30/20 budget Categorizing “needs” over “wants”
- 5. The no-budget budget Lowering and avoiding debt
My favorite is “the envelope system budget” aka spending cash because it keeps more money flowing throughout the community instead of into banker’s fees.
Cash is king!
Below is an anonymous report circulating online. If anyone knows who I can credit, please let me know.
Which do you think sounds better for your community?
…COPIED from a friend!… the case for cash!
1.Please understand what NOT using cash is doing. Why should we pay with cash instead of a card?
- Imagine I have a $50 bill in my pocket. I go to a restaurant and pay for dinner with it. The restaurant owner then uses the bill to pay for the laundry, the laundry owner then uses the bill to pay his barber and the barber uses the bill for shopping. After an unlimited number of payments, it will still remain $50, which has fulfilled its purpose to everyone who used it for payment and the bank is left dry from every cash payment transaction made…
- But if I go to a restaurant and pay digitally – with a card, the bank fees for my payment transaction charged to the seller are 3%, so around $1.50 and the same $1.50 fee charged for each further payment transaction afterwards (owner to laundry shop, barber etc.) Therefore, after 30 transactions, the initial $50 will remain only $5 and the remaining $45 became the property of the bank thanks to all the digital transactions and fees.
When this is put into perspective, imagine what each retailer is paying on a monthly basis in fees at 3% per transaction through their machines. If they have, for example, $50,000 in sales & 90% are by Card, they are paying $1500 in fees in ONE Month. $18,000 in a year.
Especially use cash when paying your hairdresser, massage therapist, small business owners, etc. They rarely charge a card processing fee, yet they pay high fees to the card companies.
- If you are a customer, pay with cash. If you are a shop owner, remove those ridiculous signs that ask people to pay by card. Cash is a legal tender, it is our right to pay with cash. Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus, nor has this ‘dirty money’ trend.
Pay with cash & please say no to a cashless society while you still have the choice.
- HERES WHAT NO CASH ACTUALLY MEANS:
A cashless society means no cash. Zero. It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’.
Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for. A cashless society means:
- If you are struggling with your mortgage on a particular month, you can’t do an odd job to get you through.
- Your child can’t go & help the local farmer to earn a bit of summer cash.
- No more cash slipped into the hands of a child as a good luck charm or from their grandparent when going on holidays.
- No more money in birthday cards.
- No more piggy banks for your child to collect pocket money & to learn about the value of earning.
- No more cash for a rainy day fund or for that something special you have been putting £20 a week away for.
- No more fivers on the side because your wages barely cover the bills or put food on the table.
- No more charity collections.
- No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
- No more cash gifts from relatives or loved ones.
What a cashless society does guarantee:
- Banks have full control of every single penny you own.
- Every transaction you make is recorded.
- All your movements & actions are traceable.
- Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which will take about 3 weeks, a thousand questions answered & five thousand passwords.
- You will have no choice but to declare & be taxed on every pound in your possession.
- The government WILL decide what you can & cannot purchase.
- If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.
I could write lists for 5 days & still not finish explaining how utterly awful a cashless society would be, for everyone. Even for the goody two shoes who wouldn’t dream of not declaring £500.
Forget about cash being dirty. Stop being so easily led. Cash has been around for a very, very, very long time & it gives you control over how you trade with the world. It gives you independence. I heard a story where a man supposedly contracted Covid because of a £20 note he had handled. There is the same chance of Covid being on a card as being on cash. If you cannot see how utterly ridiculous this assumption is then there is little hope.
If you are a customer, pay with cash. If you are a shop owner, remove those ridiculous signs that ask people to pay by card. Cash is a legal tender, it is our right to pay with cash. Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus, nor has this ‘dirty money’ trend.
Please open your eyes. Please stop believing everything you are being told. Almost every single topic in today’s world is tainted with corruption & hidden agendas. Please stop telling me & others like me that we are what’s wrong with the world when you hail the most corrupt members of society as your heroes. Politics & greed is what is wrong with the world; not those who are trying to alert you to the reality in which you are blindly floating along whilst being immobilised by irrational fear. Fear created to keep you doing & believing in exactly what you are complacently doing.
Pay with cash & please say no to a cashless society while you still have the choice….
PAY WITH CASH when you can!!🤔
Poet Cea 