Posted in Personal

Offically Grounded

..and I mean financially grounded.

Well, today’s the official day that I am financially grounded until Jan 2014.

With that said, here are the rules:

1. You cannot, and I mean CANNOT use your debit or credit card for your WANTS (Clothes, shoes, video games, ect.) for ANY reason. If you do, then you have to put back whatever you spend on that day’s purchases in DOUBLE into your savings account, or whatever else you’re putting your savings into. If you’re not saving, then you’re gonna have to put that day’s purchases in double towards your bills. If you live with your parents, and if they want you spend it on their needs, then it’s allowed.

2. You can ONLY spend your debt/credit card on your NEEDS (Needs that are essential to survival) and your spouse/kids/family’s needs as well.

3. At the end of every week, you have to check your bank account to make sure that you are not overdrawn or if you spent something on your debt/credit card.

4. From now until your expected date, when you are free from being financially grounded, you’re going on a strict cash budget. Meaning, you have to have $20 in your pocket. That’s all the money that you’re gonna have for each month, and each month only.

5. You HAVE to put at least half of your money into your savings, debt repayment, OR bills every two weeks. I recommend putting it into your savings account or towards your debt repayment plan.

Rewards for being financially grounded:

If you don’t break the rules as shown above, then at the first of every month, you’ll get an additional $20 in cash.

Consequences for breaking the rules:

1. If you spend your debt/credit card on YOUR WANTS (And not parents’ wants), then you have to put it into your savings, bills, or debt repayment in DOUBLE (For example: If I spend $30 on shoes on a debt/credit card, then I’m gonna have put $60 back in my savings at the end of every week (Or month if I don’t have the money to put it back)). You HAVE to put that doubled money back to savings, bills, or debt repayment at the end of every month. If you don’t, then you won’t get the $20 on the next month.

2. For each amount you put back double at the end of every month, if you don’t have it, then you have to put whatever money you have in your pocket into said one of three choices. You won’t get that $20 each month until EVERY SINGLE AMOUNT is put back into one of three choices.

3. If you spend your entire $20 during that one month, you won’t get another $20 until the first day of the 2nd month.

Well, that’s the rules of being financially grounded (That I actually made up). If anyone needs to ground themselves financially, then follow these rules. I should tell you that the duration of being financially grounded should be between 6 months to a year. I hope this helps.

So here’s to being financially grounded! This is seriously gonna suck, but I should be able to stick with it.


I'm just a photographer, nerd, gamer, rebel, and fashionista who speaks in 6 and sings in 11 different languages.

2 thoughts on “Offically Grounded

  1. Those are some rules….I’m going to just say that being strict is good but give yourself a tiny bit of slack every once in a while….. you will feel so much better when you do!

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