NPR piece about conquering debt by going cash only

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MackerelCat
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NPR piece about conquering debt by going cash only

Post by MackerelCat »

https://www.npr.org/2022/12/07/1140558220/rising-debt-cash-stuffing-envelope-system

The new term for going cash only is "cash stuffing," for stuffing cash into designated envelopes.
Mackie
mbrudnic
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Re: NPR piece about conquering debt by going cash only

Post by mbrudnic »

MackerelCat wrote: Thu Dec 08, 2022 1:31 pm https://www.npr.org/2022/12/07/1140558220/rising-debt-cash-stuffing-envelope-system

The new term for going cash only is "cash stuffing," for stuffing cash into designated envelopes.
But still a technique as old as time.
floridacatlover
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Re: NPR piece about conquering debt by going cash only

Post by floridacatlover »

I agree with Maggie. Everything old is new again.

I haven’t read the story yet, but I was telling friends at lunch the other day that I find it so much easier to keep track of my budget with a monthly paper statement rather than just looking at my checking account online.
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MackerelCat
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Re: NPR piece about conquering debt by going cash only

Post by MackerelCat »

I find the online check register helpful, but nothing beats breaking it down on paper or a spreadsheet. I downloaded Erin's printable/editable budget tracker to help me get things set up with my own budget tracking, as I've been wrestling with how to do it since I retired. There are some expenses that can be reduced or done away with, but DH and I need to talk about them.
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clemencia2us
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Re: NPR piece about conquering debt by going cash only

Post by clemencia2us »

Isn't that what Dave Ramsey recommends?

I do keep cash on hand, but will use a card at the grocery store.

Of course for the last few weeks - have barely spent any money.
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Jackielou
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Re: NPR piece about conquering debt by going cash only

Post by Jackielou »

clemencia2us wrote: Thu Dec 08, 2022 4:24 pm Isn't that what Dave Ramsey recommends?

I do keep cash on hand, but will use a card at the grocery store.

Of course for the last few weeks - have barely spent any money.
I know Gale Van Oxlade does that only she uses jars and not envelopes.
Jackie
http://inthelandofthelivingskiesii.blogspot.ca/
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