Here’s how to do it.
So are folks onto something here?
Ahead, were breaking down the pros and cons of the budgeting trend.
What is cash stuffing?
Simply put, cash stuffing is a way of managing personal spending by using cash.
Is cash stuffing worth it?
wealth management advisor at Northwestern Mutual
If you physically dont have the money for those new sneakers you really want, you cant buy them.
(Especially if theyre only available online.)
It can also be advantageous for those who want a visual representation of their budget limits.
What are the risks of cash stuffing?
As with any money management method, there are a few downsides to cash stuffing.
(Its why someTikTok users are even using fake billsas placeholders.)
Plus, paying in cash means you miss out on the unique purchase protection that credit cards provide.
Meanwhile if you lose cash, its gone for good.
Cash transactions are also harder to track compared to electronic payments, Williams points out.
wealth management advisor at Northwestern Mutual
What is The Missionary Sex Position?
The only real rule to practicing cash-stuffing?
So, every time you take money from a specific envelope, write it down.
Maybe you have a notebook for this purpose, or use an app to help you keep things straight.
What is an alternative to cash stuffing?
Personal finance or budgeting apps can also help you budget across spending categories in the place of physical envelopes.
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