How “Cash Stuffing” Works (Aka the Envelope System)

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Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 840 Ratings

🗓️ 29 December 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel, Kristina Ellis, & Jade Warshaw. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:11.1	So NPR, somebody sent me the link today, I guess it was our producer, James sent it.
0:16.2	NPR, Stacey Smith, a writer for NPR, has a full article about a young lady paying off $18,000 worth of credit card debt, not making a lot of money as a journalism living in Brooklyn.
0:29.7	And she did this new craze that is sweeping the nation.
0:35.5	Apparently, Gen Z has a brand new fad out called Cash Stuffing.
0:42.1	It's a TikTok craze.
0:43.6	Living on cash on the envelope system.
0:48.8	It's called cash stuffing.
0:50.7	Such a new concept.
0:52.7	Oh, it's brand new.
0:53.6	Just came out.
0:54.6	The Tick-Tac guys just figured it out.
0:56.7	And so it's fun, though.
0:59.0	I'm glad that.
1:00.0	I'm glad she did it.
1:01.1	So she learned how to do the envelope system.
1:03.1	We, I heard about the envelope system 36 years ago, the first time from a guy
1:09.8	named Larry Burkett.
1:13.9	And I have a collection of antique envelope systems from the 30s, the 20s, the 40s, and the 50s. It was quite the thing. There
1:21.3	was little envelope systems like Rachel Cruz's wallet, the red wallet that we have in the
1:25.4	store right now, all the colors, but the brand new red one also.
1:28.3	It has pockets in it that you label with categories in your budget and some things in
	...

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