How you pay for things matters to your budget. Here’s why


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Ask yourself: Which payment type works best for you overall? In terms of convenience and keeping financial data organized, the most efficient payment methods are usually debit cards, cash or cash-based payments. In addition, developing a reliable budgeting strategy will help you avoid financial disaster when deciding which payment type can help you stick to a budget.


Here’s a look at how cash-based payments compare with other options like credit cards.


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Why It’s Difficult For People To Stick To A Budget

Certain forward-thinking individuals pay close attention to budgets, while many consumers don’t put any effort into it. For the everyday shopper with credit cards, it’s easier and more exciting to go on shopping sprees than to worry about counting cash. But developing self-discipline for planning a budget is essential.


Lowering monthly expenses begins with cutting discretionary costs, which often means trimming the entertainment budget. Eating out less and driving less are also important steps to significant budget cutting. But many people are too busy having fun running up bills to compensate for rising stress about needing more money.


Drowning financially from credit card debt to student loan debt has been the norm for millions of consumers since the 2008 financial meltdown. The collapse generally affected the middle class on down and wiped out many retirement savings accounts. Since then, it’s been difficult for the typical American family to put away money in traditional savings accounts.

Payment Methods That Make It Hard To Stick To A Budget

Here, we list the payment methods that cause people the most problems when they try to stick to their monthly budget.

Payment System 1: Credit Cards

Credit cards don’t work well for budgeting because the credit limit is the primary restraint to avoid overspending. When people have credit lines in the thousands of dollars, they often develop a false sense of security. Falling into a debt spiral is easy once you use a credit card regularly, like grocery shopping.

Payment System 2: Personal Loans

Taking out a personal loan just to ensure you have spending cash may also disrupt budgeting. Many consumers can’t handle seeing a low checking account balance, so they borrow money to tell themselves they’re in a better financial position. Unfortunately, this escapist thinking usually leads to deeper debt.

Payment System 3: Cryptocurrency

Bitcoin and other cryptocurrencies are still in their infancy, even as they have gained massive media attention in recent years. It’s unclear if this payment method is headed for strict regulation or not. The main challenge this system poses is most organizations have yet to accept cryptocurrency for payment.

What Payment Type Is Best For Sticking To A Budget?

Financial experts often point to debit cards as the best payment method for maintaining a personal budget. Debit cards should be considered a top priority for budgeting because they keep you within your spending limits. Since a debit card is usually linked to an online account, it’s a seamless solution for tracking your monthly payments. Your debt payments will appear on your computer screen, which you can monitor anytime from any location.


By keeping spending within your debit/checking account, you’ll avoid overspending that leads to out-of-control debt. One of the worst consequences of debt can be that it lowers your credit score, making it more difficult to borrow. So setting up automatic savings that draw from your debit account each month is another financial safety net to consider.

Convenient Payment Methods For Budgeting

These are some of the most convenient and effective ways to help you decide which payment type can help you stick to a budget.

Payment System 1: Cash

Paper money can still be convenient for making payments in person. But it’s usually never a good idea to send cash in the mail. First, you don’t know who is going to open the mail. Second, if your sources of income are all paid in cash, you need to be careful where you physically store it.


Related: The cash envelope wallet system review

Payment System 2: PayPal and Similar Sites

PayPal has attracted various competitors in recent years, such as Payoneer and Stripe. These digital transaction services allow for easy instant digital payments online. PayPal also issues debit cards.

Payment System 3: Mobile Wallets and Apple Pay

These forms of digital payment make it easy to pay for items instantly with your smartphone. They are very convenient for paying at a department store in person.

Payment System 4: Write a Check

Traditional checks are still payment options in many places. Now that the world has gone digital, you need to take the extra step to make a digital and physical record of the check. Saving check stubs is helpful, but you still need to transfer the information to a budgeting system.

Payment System 5: Money Order

One key advantage to paying with a money order is that it’s more secure than cash. It also doesn’t require a bank to make a transaction. Thus, it’s an effective, low-cost way to guarantee payment to the recipient. But money orders aren’t that convenient since they must be purchased in person.

Payment System 6: Money Market Account

On the surface, money market accounts are attractive because they earn interest. They can be used for investments and emergency funds. Some financial institutions allow customers to write checks with these accounts or pay bills digitally.

Payment System 7: ACH Payments

Automated Clearing House (ACH) payments are like direct deposits. These systems utilize checking account information to make an automatic transfer on a specified date. In addition, it helps set up automated monthly payments. With autopay, you must pay attention to your check account balances to avoid paying overdraft fees due to insufficient funds.

Using Cash To Stick To Your Budget

Cash is an excellent payment type when your financial goals are to reduce debt spending. You have a set amount of money to play with, so there’s no chance of overspending. The diversity of cash can be used to pay medical bills, gym membership, groceries or whatever else you fit into your monthly budget.

Using A Debit Card To Stick To Your Budget

Your debit card is like an electronic ticket to financial freedom with responsibility. While student loans have limited young people’s ability to save money in their bank accounts, a workable solution is to stop borrowing and start saving money. Once your debt is in the thousands of dollars, you’ve got to switch to stricter budgeting. Using just a debit card for everyday expenses as well as unexpected costs helps you achieve realistic goals.

Using A Credit Card To Stick To Your Budget

Much like money from a personal loan, using your credit card as a standard payment method can work if you’re careful with costs. But it probably will just run up debt if you can’t control impulsive spending habits. Instead, think about joining a credit union that offers a collateral account, which involves borrowing against your own capital base.

Choosing A Budgeting System

An essential prerequisite for choosing the right budgeting system with a sensible spending plan is to put expenses into categories. For example, your discretionary expenses should be in a variable budget category that fluctuates depending on whether you earn extra money. In addition, your payment method should be a routine that repeats on a regular basis.


Be sure to steer clear of payday loans for paying bills unless you know you can repay them quickly. These loans are helpful for emergencies but can become very expensive if you don’t pay them off in a matter of weeks.

Different Budgeting Systems

Here are various budgeting methods used for both personal and commercial bookkeeping:

Budget System 1: Incremental

This form of budgeting is based on the previous year’s financial figures. Adding or subtracting an appropriate percentage helps determine the following year’s budget. It’s the most widely used form of budgeting due to its simplicity.

Budget System 2: Activity-based

The user or commercial entity researches the activity needed to meet financial goals. When you know exactly what your monthly expenses will be, you can make an automatic deduction when it’s convenient.

Budget System 3: Value proposition

The business or individual must question all budget amounts, whether the benefits outweigh the costs. If a credit card statement seems incorrect, it’s essential to contact the firm and resolve the issue immediately. These days credit card theft is more common than just a decade ago.

Budget System 4: Zero-based

This form of budgeting is used more in retail. It presumes that budgets start at zero and must be built from the ground up. All expenses must be justified.

Creating A Budget:

Creating a monthly budget is easier than you think. Follow these simple steps to take control of your money once and for all.

1. Goals

Some of the most common budgeting goals are to get out of debt and to make purchases within your means. Be aware of rising living expenses, which may mean cutting discretionary spending more than you did last year. Setting a savings goal will help drive you toward more efficient spending.

2. Income and Expenses

Part of budgeting requires you to locate and list income and expenses. Make sure you are able to at least make each minimum payment every month. It’s beneficial, however, to pay more than the minimum requirement to reduce the amount of interest you pay in the long run.

3. Building a Budget

A basic budget begins with reviewing and categorizing your needs and desires. Stay focused on a realistic budget while preserving your assets.

4. Tracking Expenses

Knowing how to track purchases is essential to move ahead financially. Be clear on your most significant expenses and evaluate the importance of each item to justify future purchases. Keep a list of your monthly costs in a place that’s easy to find. Then, be sure to review it every month to ensure the list is current.

5. End of the Month Progress

It’s crucial to evaluate the previous month and how well or poorly you did as part of the budgeting process. Saying no to impulse buys and addictive financial habits is an encouraging step toward financial stability and meeting short-term goals.

6. Staying Motivated

Budgeting tips to stay motivated:

  • Tip 1 – Set short-term and long-term goals that will make you happy while aiming for an amazing achievement. Allow a category for variable expenses so that you still have disposable fun money each month.
  • Tip 2 – Keep your goal within the realm of possibility. Don’t aim for something that’s too big of a challenge.
  • Tip 3 – Remind yourself each day of your journey toward your goal about your progress.
  • Tip 4 – Write down your goal in your notes and on your calendar.
  • Tip 5 – Create your own benchmarks for steps toward your goals.
  • Tip 6 – Think about working with an accountability partner. A financial adviser or career mentor can provide inspiration and valuable insights on your journey.


The seeds to planting a successful budget begin with self-determination. You will achieve a balanced budget by paying close attention to budget amounts and costs for each purchase. Planning ahead is at the foundation of financial success, whereas draining cash without planning usually leads to debt.


If your budget breakdown makes sense and you focus on your goals, the chances improve enormously for you to take control of your finances.



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50 ways to make an extra $100 a day


Busy but kind of broke? Join the club.


The internet is full of lists about ways to make $100 a day in passive income, but if you’re not prepared to sell an organ or become a Wall Street wolf overnight, a lot of those lists won’t do you much good.


For those looking to make money online, on the bus to work, or even laid out on your couch, there is a slew of options at your disposal. And they don’t even involve you spamming your former high school classmates’ inbox desperately trying to sell overpriced hair products or yoga pants for dubious online companies.


From becoming a virtual assistant to teaching online and selling physical products to creating sponsored social shares, there are plenty of opportunities to make passive income every month.


Here’s a roundup of easy ways to earn a hundred dollars a day in your spare time without losing your dignity or kidneys.


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Survey sites like Swagbucks will help you get paid if you already spend a lot of time online. Many Swagbucks users make $1 to $2 a day by taking surveys, shopping online, and watching videos. The app offers a myriad of ways to earn cash back through gift cards or PayPal.





InboxDollars is another app that’ll pay you to play games, take surveys, watch videos, or do various other tasks. Next time you’re scrolling mindlessly through social media or watching a show, go to InboxDollars so you can get cash back on the side.





Survey Junkie connects you with brands and companies looking to get your opinions on a variety of subjects. This app will pay you to take surveys or even join focus groups depending on your demographics and interests.



Survey Junkie


Survey Rewardz also partners with companies to survey users and provide them with valuable marketing information. These companies pass along a small cash back reward to those willing to answer survey questions.



Survey Rewardz


This group has been pairing companies with users for over 20 years. With millions of survey takers to date, the site will pay for your feedback. Its partner companies will then use the survey results to inform its marketing decisions. You could easily make a hundred dollars a day simply by giving your opinion in your spare time!



American Consumer Opinion



Alliant Credit Union


Next time you go to the store, be sure you don’t skip on the receipt. Earn passive income by downloading the app, scanning your receipts, and saving up cashback and other perks from your favorite stores. You can use these rewards in-store and online.





You can get cash back rewards from many credit cards, debit cards, and loyalty programs. Check with your card holders to see what offers are available. You can also check your app store to find out if the stores you visit online or in-person the most offer royalty rewards.


If you need help finding cashback and reward offers, Rakuten is the place for you. Use their mobile app or website to help you earn cashback and other rewards for the sites you already shop on. Getting paid is easy. Just connect Rakuten with your PayPal account to cash in your rewards. This is an easy way to earn extra income every day.





Pay your bills online with Trim to make sure you’re taking advantage of savings without doing the work. Trim automates the savings process by negotiating bills, fees and even canceling old subscriptions. You don’t do any of the work; just sign up for a subscription and let experts do the work for you.


BillShark is another great way to negotiate bills and fees. Just download the app, upload your TV, cable, internet, phone, or other bills and let experts negotiate lower fees on your behalf. The best part? If BIllShark can’t lower your bills, they don’t get paid. You’ll easily make $100 extra bucks or more with how much you save on bills.





Before making your next online purchase, be sure to download the Honey app or browser extension. Honey scours the internet for coupon codes to save you money on your purchases. Even if they don’t find a discount code for you to use, you can earn Honey points to make extra cash via gift cards from Amazon, Target, Walmart, and other retailers.



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While you may not make money off YouTube immediately, you can build up your subscribers and view counts so you can start putting advertisements on your videos. You can also get tips from users if you do live streams.


Can you match $100 a day by playing video games online? Many streamers make more than that in tips from viewers in just a few hours of streaming on Twitch. Not a gamer? Stream musical performance, how-to videos, workout classes, and more. You can get paid to do the things you love or even teach others to play an instrument or learn a language. Audience members who like your live streams can donate tips to you, which you can cash out at any time.


If live-streaming isn’t for you, you can become a Twitch moderator. While not all moderators are paid, many streamers are at least willing to share their Twitch tips with moderators who keep the inappropriate language out of their chats or answer audience members’ questions.


Related: Do you have what it takes to be a Twitch moderator?


Markiplier/ Twitch


Many successful live streamers or YouTubers don’t have time to edit videos themselves. If you know how to edit videos, you can help content creators get their videos out sooner while also making extra income.



BartekSzewczyk / istockphoto


Good at photoshopping? Make passive income by creating the cover image for Youtube or videos on demand (VODs). These thumbnails are simple yet catchy images that show viewers what their video is about. Many content creators are willing to pay for anyone willing to help them make an eye-grabbing thumbnail.



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Content creators may offer exclusive emoticons or emotes to viewers who pay to be subscribers or members of the YouTube or Twitch channels. If you know how to make basic emotes, you can make quick money by working with content creators to make one-of-a-kind emoticons that fans can use in live chats.


If you’re good with a camera, you can upload your photos to various stock photo websites, such as iStock or Deposit Photos. While each site will have different rules regarding how you get paid, you can get credit for your photos. You’ll easily add $100 or more to your passive income revenue by selling stock photos.



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More and more small businesses are relying on their own sites for eCommerce and spreading brand awareness. However, many owners need help designing their site. If you know basic coding and are familiar with popular hosting sites, such as Weebly or Squarespace, you can take on clients on a freelance basis to make some side cash.






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This option will let you clear out your home and fill up your bank accountant. While designer and well-known brands will fetch you more money online, Thredup and Poshmark also accept non-designer items. The cashout for non-designer items may be lower, but the savings can add up over time.



H E N G S T R E A M on Unsplash


Do you have digital artwork or prints you’re looking to sell?


Jump on the nonfungible tokens (NFTs) bandwagon and convert your artwork into profit. Many artists are making $100 a day or more by selling their art as NFTs. There are plenty of ways you can hop online to learn how to use NFTs if you’re not already familiar with how they work.


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Not ready to make an NFT?


Sell your physical crafts or other goods through popular craft sites like Etsy. Since the pandemic, the demand for local or small business-made artwork and jewelry has increased. You can capitalize and make quick money on your talent by creating an online marketplace.




If you have gently used technology, furniture, or other goods, hop on eBay or Amazon so you can sell to buyers looking for a bargain. If you own your own business, you can even create an official store through these popular sites so you can reach an even broader audience.


For less valuable goods, use Craiglist, Facebook Marketplace, Letgo, or other sites that match local buyers with sellers. You can move clothes, yoga mats, planters, and more quickly and even arrange socially distanced pickups.






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Turn your love for yoga, pilates, workouts, dancing, or more into a fun way to share your passion with others and get paid. Many people are willing to sign up for digital workout classes for a flat price or a suggested tip. You can simply share a Zoom link for a fee or use Twitch, YouTube, or even live stream through Facebook.


For those who have beefed up their home gyms during the pandemic, a personal trainer can be a great way to turn their pandemic panic buy into a way to actually go through with their plans to reach fitness goals while stuck at home. Make quick money online by walking through workout routines, warmups, and how to use gym equipment so others can safely learn to work out from home.


Have extra fitness equipment? Rent out your dumbbells and equipment to others who are trying to get into shape. You can help and make good money by renting out equipment when you’re not using it.


Help others sort out sustainable diets from trendy ones. Many people need assistance planning out meals, determining if going keto is right for them and answering other nutrition-related questions. You can also offer meditation and motivational classes too. You could easily make a hundred dollars a day with this side gig!


Love cooking? Help others find their passion for food by teaching them how to find deals, plan healthy meals and snacks, and find recipes that work for their dietary and nutritional needs and goals.





If you love cooking, you can always take meal planning a step further and prep the meals yourselves. Many people are looking for local alternatives to national meal prep companies. Make extra money by sharing your favorite meals with others. You can offer different plans depending on your future clients’ nutritional needs and how many meals they’re looking to buy. Just be sure to follow good kitchen hygiene.



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Many professions require listening to recordings and transcribing them in full. If you’re willing to transcribe these recordings, you can get paid handsomely for your efforts. Use sites like Fiverr or dedicated transcription agencies to sign up and take on clients on a freelance basis to make more money every month.



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With the rise of online learning during the pandemic, many students from K-12 to college need extra help as in-person tutors become scarcer. Teaching English online is especially in demand. You can sign up to work with an agency that offers tutoring services or advertise to friends and family yourself to build up a client base. The hourly rates will vary depending on which service you sign up with.



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News organizations, offices, and many other professions all need help filling writing and editing roles. If you have a knack for grammar, you can freelance from anywhere in the world. Make good money from freelance gigs on LinkedIn, Indeed, Fiverr, and even social media posts from independent workers or small businesses asking their followers for help filling these roles. If you love writing, you could also start your own blog and use affiliate links to start making money on your own time, too!


If you have an upbeat personality and enjoy talking to people, many companies are looking for customer service reps who can work from home. There are plenty of options, from large corporations to local businesses, if you’re willing to work odd hours and help people solve their problems or answer questions about a business or product. If you’re willing to work a few extra hours a week as a customer service rep, you can easily make an extra $100 a day without ever leaving your couch. The average hourly rate may vary, but you can make good money with this job no matter your schedule.


Do you have experience in leadership, marketing, getting the most out of tax refunds, or a variety of other in-demand topics? Then the chances are high that there’s a market for your advice or expertise. Many entrepreneurs are selling their expertise through webinars that are either live or prerecorded. You can make money quickly by hosting them through Zoom, Facebook, your personal website, or various other sites and either ask for a flat fee or tip for access to your webinar.





As more people adjust to working from home, the demand for virtual assistants has increased. If you’re good at managing schedules, ticking off to-do lists, and helping people get through their day, you could sell your services as a virtual assistant.



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Many people are willing to pay you for feedback on their website or physical product from tech startups or professionals revamping their portfolios. Whether you have an eye for good website design or comparing products, you can get paid through sites like for your feedback.



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If you already spend most of your time on social media, you can capitalize on your free time by getting paid as a social media manager. This could involve creating posts, targeting certain audiences, affiliate marketing, building up followers, posting photos, or creating several other posts that will engage a business’s targeted audience and increase its brand recognition.


Going out of town and not taking your car? Rent it on a site like Turo to make quick money and easily earn $100 a day. The company will connect you with nearby candidates who want to rent a car. You can set the price per an allotted period of time and even a fee to cover insurance costs.


Anyone who owns or rents a coveted parking spot can rent them out for a fee through SpotHero. This can be an especially lucrative way to make money every month if you have a parking spot in a cramped city or another area with few parking spaces to go around.



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Spacer is another great alternative for anyone with a parking space or spare garage to rent out. It’ll be especially easy to make a hundred dollars or more if you’re looking to rent for a month or longer since Spacer connects users wanting to rent monthly with those looking to rent through the site.


Cameras, film equipment, audio equipment, and more are in high demand but can be expensive to purchase. If you have any equipment you’re willing to rent out for some passive income; you can make money off sites like ShareGrid and KitSplit.


When you’re not traveling the country in your RV, rent it out on RVShare to make extra cash. Since the pandemic, demand for RVs has skyrocketed, making it the perfect time to put your camper on the market and earn some passive income off it.





Selling physical products, like clothes, online can take more time, but it’s still an easy way to earn passive income and make an extra $100 fast. Clothes for special occasions can rack up and take up space in your closet. You can rent expensive tuxedos, dresses, and other items online through StyleLend, RentMyWardrobe, and other sites.


Going out of town? Rent out your space on Airbnb. Depending on where you live, your home, apartment, or condo could get high dollar amounts, especially if it’s around the holidays or peak vacation times.





If you play games on your phone anyways, download Mistplay.


The app helps you earn points that you can cash in for gift cards to your favorite places. You can even add your friends on Mistplay and compete in challenges with them while earning extra money every month.




Swap out your regular solitaire app for Solitaire Cube so you can start making money in your spare time. If you’re a casual solitaire fan, you can play in the Practice League and work your way up in the leaderboards. Anyone who places in the top three of the boards will win prizes through Solitaire Cube.





Looking to discover new games? Connect with Bananatic to download free games. You can play or test out new games, gain banana coins and cash them in for various prizes, including game skins, steam wallets, pay safe cards, and more. This is a great way to earn extra money every month.





Play bingo in Blackout Blingo, formerly Blackout Blitz, to earn rewards and cash. The bingo game has already garnered the attention of over 5 million players. You can play on your android, iPhone, or iPad anywhere and at any time.


Nielsen is a global marketing agency that offers various ways you can get paid for your opinions, testing products, and even playing games. Join their Nielsen Panels, Nielsen Families, or other research groups to earn cash for your opinions on games, movies, TV shows, products, and more.


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