“Cash Stuffing” Budget Hacks
Have you ever heard the term “cash stuffing?” It’s going viral on Tiktok and now we have a study from Carnegie Mellon, Stanford and MIT. When we use cash money – we actually feel psychological pain. They’ve seen this in brain scans. And they found out we spend less frivolously when we pay with cash.
All you need for this #NatsHacks is cold hard cash, envelopes and a pen. We we use credit cards or payment apps we tend to overspend. Using the “cash stuffing” approach will help us hold onto our money.
Cash your check, stuff your envelopes labeled “rent” “utilities” “car insurance” “credit card” “student loans” or whatever you need to pay! Here are a few examples from tiktok: