- “cash stuffing”: This is behind the viral savings tip
- Popular on the web: That’s why it’s trend so popular now
- Above all young people are excited about the idea
has in the past few years Cash lost its relevance, especially among young people, instead, in many places it became contactless payment Applied. Now this trend could be reversed – thanks “cash stuffing”.
Simple principle: Cash trend “Cash stuffing” goes viral
A lot of cash and transparent envelopes or slides: The principle of “cash stuffing” is simple. Basically, it’s about the expenses of the following month plan and set in advance. To do this, cash stuffers withdraw a lot of cash from their account and then deposit it individually budget for different spending areas: groceries, insurance, rent, leisure and more. How high the budget is, everyone can set individually. The cash is then sorted and stuffed into ready-made envelopes or cling film – hence the term “stuffing”.
This gives a clear overview of the money available. Ideally, the budget will then last until the next one end of the month the end. If an envelope is already empty before the end of the month, the money must either be transferred – or to another one by the end of the month expenditure be waived in the relevant category.
The method is a bit more complicated with regard to the fixed costs. Rental payments or insurance costs, for example, are usually transferred directly from the account – and not paid in cash. In the case of “cash stuffing”, the corresponding amount is therefore put back into one’s own account shortly before the end of the month so that a punctual debit is possible. However, that means one extra effort – it is easier to leave the budget for such fixed costs directly on the account.
Generation Z: That’s why the trend is popular with young people
However, many creators on social networks rave about the advantages of this method. With lots of cash and ready-made envelopes, they show their followers how the principle works. Many claim to have wasted less money and even saved it. the videos are well received: Clips with the hashtag “Cashstuffing” have now been viewed a total of over 840 million times tik tok (as of January 20th).
But why is this trend so popular with teenagers and young adults in particular? For many young people plays “financial security” a big part in life, TikTok expert Adil Sbai tells the time. According to a survey, one in four people watch TikTok videos to learn more about money management and… finance to learn.
In addition, it probably gives people the feeling that they have the money and the expenditure literally in your own hands. This often results in careful handling of the budget. “The path to careful handling of money is a matter of taste,” quoted Focus Online the financial advisor Mathias Lebdig. “But it’s important and sensible to deal with his revenue and deal with expenses”.
Keeping an eye on finances – the idea is not new
In addition, there is also criticism of the trend. It is quite time-consuming, confirms Anna from the TikTok channel “budgetit”. She needs about half an hour a month to plan her budget, she explains time. In addition, there is the effort of first withdrawing the money and, if necessary, paying it back in for fixed costs. If you want to shop online or are in the abroad stops, also hardly benefits.
Incidentally, the idea of ”cash stuffing” is not entirely new. On the contrary: it used to be common for people to Salary in the form of cash – and had to allocate the money carefully. Many people introduce to this day household book. All expenses of a month are entered in it – also with the intention of keeping a close eye on one’s own expenses.
There are now many for that app. Banks have long recognized the trend and are offering Online Household Books to disposal. There, users can digitally divide their budget into categories.
Criticism: Saving money as a business model exploited
The financial advisor Sebastian Weißcord reports to the timethat many of his customers are successfully implementing the trend. Many take “cash stuffing” as one challenges true – and are therefore more motivated to save money. It is noticeable that apparently above all Women interested in the trend. In the videos on TikTok, it is mainly women who are in front of the camera.
Creators often also advertise and sell in such videos Productsthat are supposedly needed: ring binders, cardboard cards and more. Financial advisor Lebdig is critical of this: “The good approach to saving money is presented here as a business model utilized.”
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