Are you sick of being always linked to a credit card? Would you like to know that you have finished, once and for all, your credit card addiction? Well, someone said once that money is the evil. We have to admit, the more we have, the more we crave. Likewise, the less we have, the more we wish we had. Still, there is something called a strategy that can help you reduce your will for shopping and also, make your financial resources be available for a longer period of time, and not only for a few days. These being said, in case you are looking forward to knowing more concerning the subject, make sure to stick with us and keep an eye onto the following lines in order to see just how the $20 golden rule works!

No Credit, Just Cash

This is the principle of the $20 golden rule. Starting with these, for as long as 6 months you will be requested to pay with cash for everything that is under $20 – and now I am more than sure you are asking yourself why on Earth you would do that. The answer is pretty simple – each time you use your credit card, you are paying interest to the bank and according to the most recent studies, you lose on average over $100 each 6 month – which, if it were to ask me, is not something I would be delighted to do.

Stick to It

Even though it might become a pain in the ass, remember that – once you use your credit card, you will be interested in buying more and more and more stuff that are mostly not necessary at all. Just think where you would be able to put it, let alone all the money that you have started to invest in things that sooner or later will remain without color. On the other hand, can you imagine how much would you make if you had used all of these money on something way different? I know for sure that a passive income would be of a great hand to you and to everyone. So, next time you are wondering if the $20 golden rule is worth it, listen to me and keep on watching! These being said, what are you still waiting for? Start organizing because you are dared to take up this challenge!

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