Melcar Group

Budget Guru

Theory # 1

Sometimes we all feel that we never have enough money, or whatever we do have it will never be enough.

A while back, I was having a conversation about money with a close family friend who shared with me the following theory that he follows.

Man or women, we all carry either a wallet or a purse. When you open up your wallet and there is no money in your wallet, psychologically you will feel that you really have no money to your name. When you only see credit cards and other plastics, you will subconsciously believe that you are only in debt with no actual cash. However, if you carry a small amount of money, even 5 dollars you will feel that you have money and automatically your conscious will be more positive. The secret is that if you do have the few odd dollars in your wallet, it is not meant to be spent on an impulse item.

It may be a psychology trick; however I will follow any theory that makes me noticeably happier, or more positive.


My Wallet…..  



My Wallet with only 5 dollars in it, plus a few coins as well.




April 6, 2009 - Posted by | Personal Financial Theory's |


  1. Great Work and excelent philosophy, Look for me to be dropping by this blog again in the future!! The question is should I erase credit cards altogether??

    Comment by Saving_4_55 | April 8, 2009

  2. Your blog is one of the nicest I have seen yet and what could be more important to discuss than money and finances? I’m afraid I will have to comment on this post however, I feel almost desperate if I have less than $100 in my pocket and impulse purchases are my target to make me feel great for the day. I earn enough from the Internet to make that easy and since I don’t have a real job, I have nowhere to go and all day to get there. That makes opportunities for spending a little on the spur of the moment plentiful.

    Comment by Warren Contreras | May 1, 2009

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