What is Cash Stuffing:
- Cash stuffing is a budgeting method:
It involves allocating cash to different spending categories using envelopes.
Ways to get Strated:
- Physical cash is used:
Unlike digital budgeting apps cash stuffing uses physical banknotes and coins; that then can be spent
from the envelop, or deposited into different bank accounts that are allocated for certain categories.
- Envelopes are key:
Each envelope represents a specific budget category (groceries, splurge, rent, etc.).
- Pre-determined budget:
Create a budget before you start, by allocating specific amount of money to each envelope category.
- Visual representation of spending:
Seeing the cash in each envelope provides a clear visual of how much is left for each category.
by Napping Panda Co
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