cash stuffing

Here’s one of the best and most effective ways to stay accountable to your money goals…CASH STUFFING.

DEFINITION
What is cash-stuffing?

• The cash envelope system, also called cash stuffing, helps you keep track of your money each month. You put cash in envelopes labeled for different things you need to spend money on. This way, you know exactly how much you have for each thing.

PRACTICAL ADVICE
Advantages and Disadvantages?

• Advantages of Using the Cash Envelope System

  • It keeps you on track.

  • It enforces discipline.

  • It holds you accountable.

  • It makes it pretty hard to overspend.

• Disadvantages of Using the Cash Envelope System

  • You have to get cash out of your bank account.

  • You have to juggle cash.

OUR COMMUNITY
What are your questions? Or share a win!

• Reply to this email with any personal finance question you have, or share with me any wins in your life! (I’ll respond to your questions anonymously in future emails)