Sometimes, obvious ways to curb our spending is seldom practiced because we feel embarrassed to try it. We read about them, laugh that it’s probably “just for fun”, and forget about them right after. Yesterday, my friend reminded me that while we might feel funny doing something unusual the first time, it is always the results that actually determine who laughs at the end of the day.
Friend: David, I freeze my credit card in order to stop myself from spending.
Me: You mean calling the companies to stop them?
Friend: No, I mean literally.
I was a little shocked once I realized she really did this. She even went a step further and have the block of ice at her boyfriend’s house. She then continued to tell me the benefits:
- No More Splurging – She used to shop all the time. Now that she doesn’t have a credit card, she doesn’t buy anything she doesn’t really need.
- Time to Think – When she wants to buy something, she needs to drive to her boyfriend’s house, thaw the ice and then take the credit card to the store. If she still wants to buy it after all that trouble, it is probably necessary.
- Still Have the Cards – My friend thought about canceling the cards but she would lose all the credit history by doing so. She also wanted to have the flexibility of using it in case she really needed it for some reason.
For those who want to try it, it is really super simple:
- Fill a container with water
- Put the credit card in there
- Freeze it
She told me that even the magnetic stripe at the back of the card still works so there’s no worries that it won’t work after being frozen and thawed.
Now that I think about it, I wonder if this will be a good birthday present for someone. A block of frozen credit cards (with no candle on top of course).
Update: This works extremely well with 0% balance transfer credit cards, because you can just apply for it, transfer the balances over and freeze it up so you don’t use it.
This post is dedicated to my friend Jenn, who taught me that not only is there absolutely no shame in doing something thats effective, it is actually quite admirable.
Related Posts
- Why Give My Kids a Student Credit Card?
- 10 Tips for Avoiding Impulsive Spending During the Holidays
- What To Do When Your Wallet or Purse is Stolen
- Bulletproof Ways to Minimize Unexpected Consequences
- AnnualCreditReport.com For Free Credit Reports
{ 18 comments… read them below or add one }
A Creditsicle… Try freezing it in Fruit Juice, that way you can enjoy getting it back out.
Random thought on this one, but do you think that could include a wooden handle??? I think I might enjoy it so much that way that I would end up forgetting about whatever I wanted as I ate my way to the card. Only worry would be, does juice freeze as completely as water?
..and if online spending is your problem (as I speak to myself), you might want to use some food-coloring or put foil around your card or something first…since reading it through a block of clear ice may not be too hard to do.
Good idea George. Doesn’t work if you shop online so much you’ve memorized the number
Anyway, my added suggestion is to use a metal container, so you can’t microwave it. The foil George suggested would work, too. That will give you added cooling-off time (or should I say, warming up?)
If you ever need to get at your cards after freezing them in water, do NOT put the block of ice into the microwave.. You will destroy your card. Microwaves heat from the inside out, not to mention the Magnetic Strip on the Credit Card and the metallic parts in the card….
Just thought I’d remind people of that….
Good idea. You should host an interview with this friend next time. She sounds like a creative girl.
I have a set of cards frozen in my freezer now – they belong to my grown daughter, and she has NO clue where in the freezer they are – and she doesn’t want to know either
She asked me to hold on to them for her 
This is what I tell all of my friends looking for financial advice. They think I’m crazy.
The habit of spending can be very hard to break – so removing temptation while the new non spending habit develops is a good idea.
How about this advice: Don’t have credit cards to ice your spending. I don’t think credit cards make sense, that why I don’t use them. Just do it the old fashion way, don’t get it if you can’t afford it.
Chiko, that’s great advice if you never want a bank/financial institution to lend you money for anything – EVER. Think about it, you need good credit (or at least SOME CREDIT) to buy a house or get a loan for a car…if you just ‘do it the old fashioned way’, you’ll be waiting a good 20-30 years (with really frugal spending/saving habits before you’ll be buying your first little starter home.
But then again, some people are content just renting their whole lives – which is great too, don’t get me wrong.
Heh, that’s pretty funny. Of course, I have a problem in that I know my credit card number off by heart and I know I can shop online. In fact, neither this or having my credit card in my wallet makes a single difference to my impromptu spending … it just doesn’t happen.
This is great. I am in the process of freezing of my credit card right now. It’s good to hear that I am not alone.
Have you tried cutting them up? Or shredding them perhaps? That works just as well…
If you do not use your card every so often it actually hurts your credit. Also, if there is an emergency, for example your car breaks down and you simply do not have the cash, a credit card is a great way to take care of that until you can pay it off. There is no use in cutting the damn things up, they are useful when used responsibly…hidden far far away locked in a brick off ice until they are truly needed.
I just did this with one of my cards. I put the lid on so it wouldn’t be readily visible if someone was to look in the freezer. Should I have done this or just put the bowl in the freezer without replacing the lid?
My guess would be it depends on how high you filled the water….lol. If you filled it all the way to the top the lid will possibly pop off, expanding liquid and all that, but if you did not in my opinion it would be a great way to make sure that your cards are safe. Not many people are into stealing “leftover” which is hopefully exactly what your cards now look like.
Oh yes, I have been meaning to do this for quite some time now. As I catch myself whipping out the debit card for EVERYTHING. Especially things I do not need. Now I am wondering how I will pay for school this month and it is time for this madness to end. So…the credit card, the debit card, and my atm card (i have a bad habit of hitting up the atm machine if I do not have the debit…) are all hiding in the freezer wrapped in tin foil waiting for the ice to take effect. Hopefully this works as well as I hope it will, and hopefully I can quit smoking in the process. NO money access means no access to cigarette money. Good luck to everyone else on making their goals as well.