What cash stuffing entails is putting cash into separate envelopes labeled for specific needs such as gas, groceries or rent in order to budget easier.
Texas resident Jasmine Taylor posts TikTok videos sharing how she saves money using the method.She started doing this around her 30th birthday as the bills stacked up and needed a solution.
"I personally use what I call a zero-based budget so whatever I get paid, every single dollar I make I give it a place," added Taylor. "I think more people are attracted to it because so many people just aren't financially literate so just having a straightforward method of budgeting in the times we're currently living in…is just so much more appealing to people," said Taylor.
"Cash can be lost, it can be stolen many home owner insurance policies, many renter insurance policies don't cover lost cash and if they do it's very minimal," said Fields. Taylor makes sure to keep her cash locked in a fire-proof safe and once an envelope has $1,000 she puts it in the bank. Nick Starling joins CBS11 from KSHB-TV in Kansas City, Missouri, where he was a reporter for over three years. Before that, he reported in Omaha, Washington D.C., Lincoln and in central Nebraska.Thanks for reading CBS NEWS.Please enter valid email address to continue
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