I thought it would be fun to do a cash challenge. I want to challenge everyone to use cash for the rest of the month to see if it helps you get a better perspective on your spending. I have no doubt some of you have already done this and some others might not get anything out of it, but overall, it will open a lot of eyes. The challenge is to use only cash, no cards, not even a debit card until 31 July for ALL your spending - that includes groceries, petrol, paying bills (if it's possible) etc. Handing over a $50 note makes you think about what you're spending in a different way than paying the same amount with a card. Cash seems more real and you tend to think more about making the purchase. Let me know if you're joining the challenge and go here if you're a forum member for the discussion at the forum about it. There is an older post here about organising your money in envelopes.
I know, because I've done it myself, how difficult it is to pay off debt. It goes on for years. I think the trick is to keep looking for different ways to pays it off so you feel like you've got control of it and you're doing something. So all these little bits and pieces take your mind off the length of time it takes and focuses you on all the small ways there are to pay it back.
What have you done with your own loans? If you have some ideas on ways to pay back loans, please share them in the comments section.