Cash Stuffing

poppett

Does anyone here cash stuff? (I think it's an American thing but catching on elsewhere) My daughter started hers a couple of months ago and I've now started it. Since starting it I have managed to save money towards car insurance, home insurance, car maintenance etc for next year using money that would've been in my account and more than likely spent on rubbish I didn't need and therefore when these bills come around next year I'd have been struggling to find it in one go. 
It has given me a totally new outlook on managing my money and clearing off my 2 CC's and loan. My hubby paid for my first car 2 years ago and I finished repaying him this money. Next month I intend to use that money to add to my CC repayments in order to pay that off sooner. Then I'll snowball onto the next one and finally my loan. 
I am writing this post to hold myself accountable I guess. My aim is to pay one CC by June, another by July and then work on the higher loan as well as having money saved up for other bills, birthdays, Christmas etc. I am also doing well with a 52 week envelope challenge and £2 coin savings.

Aaleigha

I stuff 
But have got myself out of debt so now stuff out of habit and I have several categories 
So things like car expenses 
Dogs 
House maint 
Birthdays and other gifts 
Christmas 

Good luck with your categories I hope it works for you 
Keep disciplined not easy in the days 

One thing I do that really helped me 
I looked at my current accounts on Tues and Fri and transfers anything to a third account that I could round down 
So if my account had 74.09 I would put the 4.09 into the savings account 
It was this way that got me my emergency fund when I was in debt sometimes I would just put the 0.9 towards the savings 

karenccs67

Yes but I only for food & personal shopping, I have online sinking funds and a separate account for petrol as most stations near me are card only.  It definitely help when doing the food shop.

Catty89

Hi iv just bought a binder that has pockets to cash stuff. I must say I haven't managed to get into it yet but I can see how it works, maybe if I write it here il manage better! 

FreedomBringsPeace

I am saving for new glasses as soon as im cleared by consultant and for a washing machine which is just about holding up

rigare11a

I just started cash stuffing and its working so far, I certainly feel less guilt when I spend something that I have set aside cash for because I feel in control. Taking money out the bank has helped me do less online shopping etc 

itsjustafad

Yes and it has helped me enormously - it makes me more organised than comes naturally. You can do it in style and spend a load of money or cheap and fashion your own. 

shell16

Hi. I also started cash Stuffing to help with my budget. I found certain categories like Grocery and Fuel, helped enormously.  Anything left cash wise currently goes to my EF but when finished can go to another category. I have Stuffed another £20 today (I use a weekly mini cash budget) to EF which makes £60 additional so far and still another week left of my paycheck. I definitely recommend, it keeps you focussed and less likely to overspend👌

Shell x
 

itsjustafad

shell16 said:

Hi. I also started cash Stuffing to help with my budget. I found certain categories like Grocery and Fuel, helped enormously.  Anything left cash wise currently goes to my EF but when finished can go to another category. I have Stuffed another £20 today (I use a weekly mini cash budget) to EF which makes £60 additional so far and still another week left of my paycheck. I definitely recommend, it keeps you focussed and less likely to overspend👌

Shell x
 

Ooooh, is that one of those fancy staffiano(?) purses??? Seen a lot of those on youtube, do you recommend it?

shell16

Hi @itsjustafad

Yes it a filofax saffiano. I do recommend them, they are fab. I also recently treated myself to the small filofax folder  (it was £4 from TKM@xx!!) for going out, as the saffiano is alot bigger. I've just ordered some A7 cash envelopes.  x

itsjustafad

Thanks for the info - after years of going without, it still feels naughty to treat myself - I'll keep a look out for a bargain. You're doing well with all your challenges, I can only manage one at a time