What Is ‘Cash Stuffing’ And How Does It Work?
View Source | May 12, 2023 1:15 pm
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- The catchy “cash stuffing” trend you may have heard about incorporates some old-school budgetary practices blended with a tangible approach to keep a handle on spending habits.
- “Cash stuffing is the current take on the age-old ‘envelope system’ of budgeting – taking cash and stuffing envelopes, or folders, or whatever you want to use, for different categories of spending in your monthly budget,” says Greg McBride, chief financial analyst Bankrate.
- McBride says that by resorting to cash only, the aim is to avoid credit card debt altogether by limiting spending to what cash you have allotted for each different expense category.
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