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‘Cash stuffing’ budgeting method growing in popularity
['Cory Knudsen']
KSTP.com 5 Eyewitness News
Many are turning to an old-fashioned way to manage their budgets called “cash stuffing.”
Every month, you divide cash into labeled envelopes for specific spending categories like groceries, bills, or savings.
The goal is to spend no more than that cash you’ve set aside for each category.
Experts say cash stuffing prevents credit card debt and stops impulse buying.
Cash stuffing has many benefits, but experts say you do miss out on credit card rewards.