This week, we’ve got another tip to help you fool yourself into spending less. All you have to do is start using gift cards to make discretionary purchases.
Take 95 percent of the funds that your budget allows for discretionary purchases each week or pay period and use that amount to purchase gift cards for the various stores, restaurants and online companies that you plan to make purchases from. *
Not only will using only these gift cards force you to pre-plan your discretionary spending carefully and help ensure you don’t go over, but it will also allow you to transfer that unused 5 percent to your savings account without even noticing its absence!
*If only some of your usual haunts have gift cards, then split that 95 percent of your discretionary dollars between gift card purchases and cash and don’t allow yourself to overspend the cash portion.