Fans of the method also have long-term "sinking funds" to cover everything from Christmas and birthdays to car maintenance.Euphemia told The Sun: "I was on a really low income as a single parent, I didn’t have any money left over at the end of the month when I paid my bills.
She said: "I basically started doing envelopes to minimise impulse spending, because if you’ve got a certain amount of cash in an envelope you can’t go over budget because in theory that’s all you’ve got to spend." "If you’re someone who struggles with being tempted to buy things in the shops, I would recommend it."told The Sun: “With over 180.3million views on TikTok, #cashstuffing is the latest money-saving phenomenon of 2021.
"But, your fixed expenses such as bills, mortgage payments or car payments can not be included, these will need to continue to be paid through your ordinary bank account."The first step is to work out a budget for the month and decide how much you can afford to spend and save after key costs such as rent and bills have been covered.
There are cash stuffing books and special wallets available online, but if you’re hoping to save money that would be unnecessary expenditure.Not everyone will find cash stuffing useful and there are downsides to the budgeting technique to consider.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: The Independent - 🏆 80. / 59 Read more »