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Personal Finance, Predictions, Opinions, & Comments

Quality Of Life Tip: Carry $100 In Cash At All Times

This is an extremely good tip I read about a while ago. The point is to have immediate funds in case of any problems or emergency. What if there’s a problem and no ATM’s are around? What if a place accepts cash only? This tip solves those problems and teaches a people to have self restraint.

How so? At first some people may feel strong desires to spend that $100 in their pocket. Use willpower to overcome this. In this way this idea teaches one to avoid frivolous spending. I’d imagine for impulse buyers they’d be hard pressed to keep $100 on them at all times. Doing this should teach them not to buy everything they see. It should create some form of self control.

Also this should go without saying but if you ever spend that $100 replace it immediately. At no time should you have less than $100 at your disposal.

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