Discussion Board - 20SU Personal Finance (BUS-110-201B) Going On A (Cash) Diet Finally, a tidbit under the heading of financial psychology. We've reported before that using cash can be better for your bottom line than plastic. Seeing the money leave our wallets is more painful, more real, so we tend to use less of it. That's why Erin Lowry, author of "Broke Millennial" suggests going on a cash diet if you're trying to get a handle on your spending. You probably won't be able to use cash for your rent or utilities, but you can use it for your day-to-day expenses. She breaks it down this way: If you have $800 left after you pay all of your bills for the month, you can take out $200 each week to spend on groceries, eating out, going to the movies, basically all the normal stuff you put on your card. As you go through your week, only use that $200 in cash. Once you've exhausted your weekly cash allotment, that's it. And for you die-hard Amazon Prime shoppers, don't worry, online shopping isn't forbidden. Just account for what you spend - so if you spend $20 online, take that out of your wallet and put it into an envelope that can roll over into the next week. If you give it a try, let me know how it goes! Does this sound feasible? If you were challenged to do this could you? Think about what you would need to change to be able to do this