TikTok Trend On Savings Resonates

While the amount of cash in circulation has gradually been shrinking in recent years as it is replaced by contactless payments, a new trend that brings banknotes back to the core of the way we handle money has surfaced among younger generations.

Photo Insert: “Cashstuffing” would have you withdraw your monthly, biweekly, or weekly total budget and separate it into separating physical folders, each allocated for a different purpose.

For those willing to try and save money during a time of high inflation and a cost of living crisis, “cashstuffing” would have you withdraw your monthly, biweekly, or weekly total budget and separate it into separating physical folders, each allocated for a different purpose, according to Euronews in a piece bylined by Giulia Carbonaro

While online banking apps offer ways to budget people’s savings, those who swear by the trend say using physical money changes your approach to spending it. The hashtag for the trend, which is particularly popular among Gen Z and Millennials on TikTok, has been viewed by over 520 million people on the social media platform alone.

How does it work?

The "cashstuffing" budgeting method works with people withdrawing money out of their account - enough to meet their monthly, biweekly, or weekly budget minus direct payments for rent and bills - and splitting it into different folders, each assigned to a different purpose: groceries, dinner with friends, holiday savings, and so on.

The trend doesn’t restrict the number or the types of expenses, and it doesn’t provide any specific amount of money people should save, but follows the common rules of budgeting.

But, however much you put in the envelope, that’s the amount of money you’re allowed to spend that month. At the end of the month, you can review your expenses, track them on a spreadsheet, and reshuffle the budgeting through the categories, if necessary.

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