TikTok trend “cash stuffing” involves organizing income into envelopes for budgeting. Certified financial planner recommends using this method for overspending categories to set clear spending limits. However, carrying large amounts of cash can be risky, and some bills are cashless, so consider digital payment options and budgeting tools. Cash stuffing limits potential interest earnings, making it more suitable as a short-term budgeting method. Start slowly with a few categories to avoid feeling restricted.
Read more at Yahoo Finance: 5 common mistakes people make when ‘cash stuffing’