Cash stuffing

[Steppingintome]

Does anybody do this? It used to be called the cash envelope system but all over tik tok and insta it’s now called cash stuffing.

Basically you draw out your budget in cash for the month/week. Then you have a different envelope or wallet labelled with each bill then put in your budget for each. Any money left over gets split into extras like treats, beauty or a holiday.

Each time you spend on this bill you take out what you need from the envelope. At the end of the week/month if there’s any cash left in the bill envelopes you put it into savings.

Im going to give it a go as I don’t seem to spend as much with cash. Tapping my card seems too easy. Does anyone else do this? Does it help you? Any tips?

I do this with bank accounts. Added a couple of bank accounts as my bank easily let's you set extras up to have different pots. I have a petrol pot, a food shopping pot, a bills pot and an other pot. Its the best thing I've ever done and it means I keep to my limits for each one.

This is kind of How dh and I worked pre covid….actual bills all paid by dd, then we withdrew a sum of cash weekly as “housekeeping” which covered all the shopping, petrol and general day to day spending. It does really concentrate your mind when you see how much actual cash you had. It’s a really good way of letting your kids physically see how to budget.

Then covid and cash became evil🙄

The idea is great in principle but I was recently gifted some cash and could not spend it! Even the beautician in John Lewis was card only.
Shouldn’t be surprised really when there’s 15 year old buskers in town with card machines.

This wouldn’t work for me using cash, we rarely have cash whatsoever now other than the bowl of random notes/coins in the kitchen where dh empties his pockets. But I went clothes shopping with ds recently and most of the shops had signs saying card only and all our bills are paid online. We just have a joint bills account, joint savings account and then our own personal spending/savings accounts. Works fine for us.

I have a Hyper Jar account. Same idea but online and has a prepaid debit card.

Funny how old fashioned things are becoming fashionable again for today's youngsters. Retro seems to be the new modern. I believe that vinyl records have made a return, with some recording production companies starting to release on vinyl again! Perhaps us oldies had it right after all?

Interesting to see it works for some. Maybe il be rich next year because I can’t spend all my cash because the shops won’t accept it haha. I have noticed coffee shops and clothes shops won’t accept cash but these are the places I want to avoid anyway. If I need essential clothes such as underwear I suppose I could put it back into the bank.

I started this at the beginning of the year as I really wanted as a family to have some savings built up and so far it’s been going really well. My DP thought I was nuts at first with my little binder and wallets but he’s now seeing the benefits.

I was terrible for just tapping my card constantly when out and him for random online purchases. It has made me focus more on budgeting for things like food, clothes etc so we have some extra left to save each month.

It has made me really evaluate if we really need something as I’m handing over our money. It’s helped us not do as many online purchase as I just leave a small amount in our bank.

Im hoping longer term as our spending habits change we will get to a point of just leaving our money in the bank as we've learned to budget better.

I do it, but online with help of excel and bank saving pots. Since I track it, I was able to save much more money than I used to, actually it was quite surprising to me as I'm not high earner.

After getting myself in quite some debt, and practically living in credit cards… I started cash stuffing for this month and happy to report it works for me. Spent £200 less on food shops and definitely been more careful.

I cash stuff for treats.

Christmas
Holiday
Birthdays

My mum told me that one of our neighbours did this in the early 60s. Ma loved the system. I've never been organised enough :-(

I think it works for those who need to see the physical dwindling of money to stop impulse purchases. It doesn't interest me at all, I never pay for anything in cash, but I do have a 'save the change' account linked to the current account that I let build up and then use it for some kind of treat, which feels like a good reward for no effort whatsoever.

I've just been remembering my grandmother who had a Colman's mustard tin for her pin money, which was all the little bits she ferreted away when everything else was paid. This was in the days when there were things like men from the insurance company who'd come and collect your monthly payment in cash at the house, the milkman would knock and you'd pay him in cash etc.

I did this back tens of years ago in college but it was just putting money into an envelope back then. It is definitely not a new thing as I am hitting 50 now.

I do the same online. I don’t think using cash only will work in the UK as most bills are paid online. But I have separate account where I put money aside for utilities, rainy days fund, hairdresser etc. The only difference is that if i.e. I don’t spend all money on bills, it carries forward to next period- this way I have nice sum already and don’t have to worry about winter bills. Also hairdresser money etc.isn’t something I put money aside for after all expenses- I always put aside 20 quid and it accumulates until my next visit. I do it with treats though like make up, clothes- if I don’t have money, I will not spend it. No way in the world I would take money of savings account to buy expensive foundation for example.

And I can see I already replied in this thread😂🫣 Sorry! But at least you can see I told the truth hahaahahh