I asked a financial therapist and a financial behaviorist why the cash envelope system is making a comeback.
Cash-stuffing is a new name for the old-school cash envelope system, which involves putting cash into envelopes labeled for specific budget categories like rent, groceries, gas, insurance, healthcare, and more.
Most of the people who post cash-stuffing videos are women who are trying to curb compulsive spending and refuse to rack up any more credit card debt.
For example, if going out to the bar and spending money on drinks with your friends makes you really happy, why not plan to spend money on it?
Cash-stuffing videos are fun, but it's not the right strategy for everyoneI'll be the first to admit that even though I love watching these cash-stuffing videos, I probably will never try it.