What’s old has become new again. Setting aside physical cash and stuffing it in envelopes to stay on budget – otherwise known as "cash stuffing" or the "envelope method" – has seen a spike in popularity. The trend has specifically been booming on TikTok as users share their cash-stuffing experiences. Bankrate senior industry analyst Ted Rossman told FOX News Digital there’s actually "a lot of validity to this trend.
"Ultimately, I do think it's important to be part of the banking system, so that means having a checking account, hopefully a free checking account. I do think credit cards are useful for building credit and earning rewards. I wouldn't recommend carrying debt for a long period of time," Rossman said. "There is an element of, 'to each their own…’ personal finance can be inherently personal.