Virtual Cash Stuffing
Aren't these fun budgeting envelopes? Photo Pexels.com A new to me term, but for an old concept, is Cash Stuffing, basically the envelope method of budgeting. I've tried it in the past, but the disadvantages for me outweigh the benefits. I don"t want hundreds and hundreds of cash sitting in envelopes. I want to both earn the interest, even if just a few dollars, by keeping cash in my HYSA until needed and get credit card rewards for groceries, gas, and miscellaneous categories. I think my money management though is sort of cash stuffing, but virtually. On the first of the month, I pay all my bills. Now, most are on automatic payment sometime later in the month, but I enter them all in my checkbook on day one. For expenses I put on credit card, I check the account frequently and use the feature that will seperate your spending by category. It's not perfect, particularly since I pick up different items in differently...