I feel overwhelming shame about my relationship with money. It is one of my big three stressors. Just thinking about it causes me incredible anxiety. I feel incredibly stupid when I’m seeking help from others, and they say things like, “all you have to do…” Talk about stress!
But this video posted on the Be Like Water blog helped me understand why controlling my spending is such a challenge and how I can overcome it. It suggests using cash as my go-to method of payment, stop eating out, and eliminating purchases with no long-term benefit (Starbucks tea, pad thai, Ohh….what is that shiny new thing!!)
Digit is a pretty simple savings app. It take a couple of dollars out of my account randomly throughout the month and puts it into a separate account. I love the regular text alerts as well as the option to save more or less. I can get it back if I need it of course, and they guarantee that they will not overdraft my account. It actually made me pretty excited about saving.
Acorns, an investment tool, is a little different. For each purchase I make, it takes the change and rounds it to the next dollar, and when it reaches five dollars, it pulls the money from my account and invests it. Now, this app really helped me see how much money I was spending! It seemed like every time I turned around; it was taking money out! But like Digit, you can withdraw money from it as well.
My goal, of course, is not to make any withdrawals. Instead, I want to change my spending habits. I AM changing my spending habits.