The Easiest Way to Find Money

Do you want to have more money at the end of the month without feeling deprived?  Do you want to automatically reduce your expenses without having to come up with a complicated system?  If you answered yes, then there is a delightfully effective way of accomplishing those two goals.  One of the simplest and most effective financial planning tools I have used on myself and with my clients is to move to a Cash Diet Money Management System.

Quite basically how it works is to take the plastic out of your wallet; your credit cards and your debit cards.  Sit down Sunday night and figure out how much money you will need for the upcoming week.  Expenses such as:  gas, transit, parking, groceries, school expenses, lunches, coffee, kid’s allowances, etc.  Then use cash to pay for everything.

This works extremely well for most people for a variety of reasons.  Firstly, you can’t overspend.  If you don’t have the cash you can’t spend it.  By not having the very expensive plastic option we are forced to be very conscious of what we are doing with our money.  Secondly, a lot of people really don’t think of plastic as money.  “I’m running a little low on money so I’ll just put it on my credit card” puts people into very expensive debt faster than they can say “Charge it!”  Thirdly, when people are forced to hand over a $20 bill rather than a ‘faceless’ debit or credit card, they slow down a bit more to ask themselves “Do I really want this?”  Many people have found that they won’t break a $20 to buy a coffee where if they were tossing it onto a debit card or credit card without even thinking before.

Another modification that can help is to only get $50 bills from the bank (and some bank machines will dispense $50s).  Handing over a pretty red bill is more challenging emotionally than a normal green $20.  By taking all the coins you get back in the form of twoonies, loonies, and smaller and putting them into a jar for say a vacation, large, fun purchase, or to pay down a credit card debt you put yourself on the path to debt freedom faster with virtually no effort.

Success in all areas of life is made up of taking small, positive steps in the right direction day after day after day.  Try trading cash for plastic in your wallet and see the positive changes you can make without really trying.

“Security depends not so much upon how much you have, as upon how much you can do without.”

            Joseph Wood

Tammy Johnston

Tammy started working in the Financial Services Industry in 1993. The first 9 years of her career were spent working in regional offices, for independent agents, and as Brokerage Manager for two different MGAs. Her focus was on training other agents and helping them solve problems for clients. After spending close to a decade as an employee Tammy decided to venture into the “sales world”. Determined to be more than just another insurance salesman, Tammy founded The Financial Guides. She set about working with clients in a totally different fashion. Feeling that everyone needs a sound financial education she created her first class “Financial Journeys”. The goal was to provide the accurate, unbiased, basic information in simple English that we all require, but can’t easily find. Knowing that the best way to learn is by having fun and being comfortable, Tammy takes good care of her guests with excellent food and lots of laughter. Further expanding her educational and value added offerings Tammy created “Sandwich Safaris”, “Business Builder Nights”, “Small Business Class”, and "FInancial Journeys Summer Camp". Putting time and care into helping with the necessary tasks required to run a successful financial household Tammy works with clients to set up budgets that actually work, reviews credit and debt to make sure it is working for the client and not just against, and makes sure all the pieces of the puzzle fit together properly. Knowing that all financial aspects affect one another she looks at the whole picture. Honestly tells you what is working, what could be improved, and what is missing. Tammy’s clients understand what they are doing, why they are doing it, and have hope for the future. The newest project by The Finanical Guides is our Childrens' Financial Book Series. To check out the books please go to