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New Viral Savings Trick – What is Cash Stuffing Envelopes?

A new savings & budgeting method is going viral and making its way around Tik Tok with millions of views. Especially with Gen Z. So what is cash stuffing envelope saving? Let’s dig in and find out what cash stuffing is all about and if it makes sense for you to look at it.

For old timers, in simpler times – saving cash and stuffing cash into envelopes may not feel new. However, to younger generations such as Gen Z, who grew up with debit cards, credit cards, cash apps, and digital currency – cashstuffing using envelopes to budget and save can feel completely foreign.

But this strange and unusually way of dealing with cash and envelopes is precisely why this money saving hack is going so viral on Tik Tok and other social media. It is because it is working – people can save more money than they ever thought possible by using this simple little trick.

You may have heard about the envelope budgeting system a few years ago. This new trend is a different spin – cash stuffing saving instead of budgeting. Don’t worry if you haven’t heard of cash stuffing or envelope budgeting – we will also touch on that.

Do you have five minutes to read and learn all about this viral cash stuffing envelope trick you keep hearing about? Then, take five minutes to learn a new way to save more money and faster than ever.

Keep reading. And please share this with your friends now!!

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So, What Is Cash Stuffing?

Cash stuffing envelopes is a simple but effective way to save money over time. The idea is to set aside a certain amount of physical cash every week or month, and stuff it into an envelope. Then, at end of the year, you will have a nice nest egg of money to use for whatever you please.

Financial planners and other financial professionals – we tend to overcomplicate things. And when it comes to budgeting, people often want to do it, but we overcomplicate it. Cash stuffing tends to fix this problem of over complication our finances.

When it comes to personal finance, there is no one-size-fits-all solution. What works for one person may not work for another. That being said, some specific methods and strategies that can be universally applied to help anyone save money. One such method is cash stuffing envelopes.

So cash stuffing fixes that. Start saving in cash, then make cash purchases, and you are mindful of your expenses.  You start to save money once you are more aware of your spending. You make fewer impulse buys. You begin to think big picture and long term.

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There are a few things to keep in mind when cash stuffing envelopes.

  1. First, be sure to set aside enough cash each week or month make it worth your while.
  2. Second, be sure to use a different envelope for each week or month, to keep track of your progress.
  3. Finally, use a safe and secure place to store your envelopes, such as a lockbox or safe.

And what could be more simple than cashstuffing to save your money? And then paying cash to keep you aware of your budget and expenses. Nothing to keep track of; you felt the cash leaving your wallet. How much more aware of your spending habits and prices do you need to think than that?

Cash stuffing envelopes is a great way to save money. It is simple, effective, and can be done by anyone. So, if you are looking for a way to save money, give #cashstuffing envelopes a try.

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Why is Cash Stuffing So Effective? What Are the Benefits of Cash Stuffing?

It works so well is because it is straightforward to see when you have the money available for your purchases. 

It is easier to stick to a budget when you see and feel the cash. Compared to mindless swiping a credit card – cash stuffing helps you maintain your budget.

How can you compare taking out a twenty dollar bill to pay cash for your lunch versus just waving your phone at a machine to pay? Likewise, imagine having to spend some money for your car payment instead of hitting a button on an app.

For those that follow personal finance expert Dave Ramsey (Dave Ramsey 7 Baby Steps) and his cash stuffing budgeting works because you create spending or expense categories in an envelope based system. It is a cash envelope budgeting system. You use envelopes to hold cash for your method of budgeting.

And this is precisely why cash stuffing envelopes are so effective for saving your money. And the fact that #cashstuffing is going so viral on Tik Tok with hundreds of millions of views!!

Less than 20% of payments are currently made by cash – I am curious if this changes this starting in 2022?

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to do checklist

How Do I Get Started With Cash Envelope Budgeting System

To do a cash envelope budgeting system effectively, I would suggest you start with a mini budget. Here, you can read more about getting started with a spending plan.

How Do You Set Up Cash Stuffing Envelope System?
There are a critical key steps to setting up a cash envelope savings and budget system. The first step is to find a plan that works for you and your family.

Total Time: 10 minutes

Prepare Your Envelopes for Stuffing

Step 1
The first step is setting up a savings account for your cash budget.
This account should be separate from your regular checking and savings accounts. This will help you keep track of your spending and ensure that you are not dipping into your other reserves to fund your cash budget.
With the envelope saving system – most people prefer to use envelopes or a binder to get started.

Calculate Your Savings – Money Goals of Cash Stuffing

Step 2
The second step is to have a savings goal and calculate it. You can use the free savings calculator below.
1) Determine how much money you would like to save. $1,000? $5,000? $10,000?
2) Choose how long you want to take to save? For example, save $10,000 in 3 Months? Save $10,000 in 6 Months? Save $10,000 in 12 Months? A million dollars in 5 years?
2) Use the savings calculator to determine the amount of money you will need to save each week or month, or how much you need to stuff in each envelope, to reach your financial goals.

Start Your Cash Stuffing

The third step is to start stuffing your envelopes with cash.
Be sure to include a little extra cash in each envelope for unexpected expenses.

Work On Cash Stuffing Budgeting

You can take your cash stuffing envelope savings to the next level. Now that you are comfortable with saving cash in envelopes and seeing how effective it is, see if you can start doing the cash stuffing envelope budget!
Step 1 Create a realistic budget for what you would like your spending for those places instead. Now commit to this new amount.
Step 2 Some people prefer to take cash and put it in envelopes to start the month. For example, if I have $200 in my budget to eat out – then I put $200 cash into that envelope. Some people go further with binders, etc.
Step 3 When you know you will be spending money that day on going out to eat – or whatever budget item it is. Be sure to take the cash out of that particular envelope. It is best if you remove the cash prior to going – but if not, you can always pay cash and remove the cash from the envelope when you get home.
Step 4 When you pay with cash you are more mindful of your spending. More importantly, it is very easy to stick to this mini budget. It is simple – and when you run out of cash in that envelope – well, you ran out of cash…
Step 5 Now that you have done this with three categories – see if you can expand it even further. Try to do cash stuffing with as many categories as you can.
Say goodbye to debt and help to great personal financial habits forever!!!

Supply:

  • A pen and paper

Tools:

  • You can do envelope stuffing with a box of ordinary envelopes that you can pick up a box of a hundred from the Dollar Store and download a cash stuffing template for free, a printable cash breakdown.
  • Or you can buy a cash stuffing binder, book, and cash envelopes with categories.
  • There are even cash saving apps, but I don’t suggest those.

to do you can do it

Cash Stuffing Envelope Templates and Trackers

Cash Stuffing method allows you to plan your spending better, and be more in control. For some, it is a motivation for them to take control of their personal finances and budgeting. It is simply a way for you to list your expenses, and prioritize them

Are you ready to start saving money with some cash stuffing envelopes of your own??

I made it easy for you, if you are ready to start your own cash stuffing kit, click each tab below. Buy your cash stuffing binder, plastic money envelopes, budget binder with cash envelopes. In my opinion it is overkill if you get cash envelope wallets or leather cash envelopes.

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Cash Stuffing Budget Binder Ideas


CASH STUFFING BINDER
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Cash Savings Calculator and Worksheet

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Revolutionize Your Finances & Invest in Yourself Today

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If you have made it this far – you probably appreciated the above article. As a thank you, please help me by:

  • Sharing the article with your friends on social media – and like and follow us there as well.
  • Sign up for the FREE personal finance newsletter, and never miss anything again.
  • Take a look around the site for other articles that you may enjoy.

Note: The content provided in this article is for informational purposes only and should not be considered as financial or legal advice. Consult with a professional advisor or accountant for personalized guidance.

Michael Ryan
Michael Ryanhttps://michaelryanmoney.com/
A former stockbroker, financial planner, and owner of my own financial planning practice and then a property & casualty agency. I have since retired and decided I want to help individuals and business owners by offering personal financial coaching. And now, I have started my blog - www.michaelryanmoney.com - to bring financial literacy to everyone. In a short time I have already been quoted and featured in US News & World Report, Business Insider, Yahoo Finance, and more (https://michaelryanmoney.com/home/press/) As a financial planner, I helped people from all walks of life. If you have questions about money, I will help you find the answers at www.MichaelRyanMoney.com
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