How to balance the family budget: Cash stuffing
This is sorta satisfying in a world where nobody takes cash. According to Credit Karma… Gen Z is discovering the joy of the crisp green "hold-it-in-your-hand” bona fide Dollar Bill. Apparently…. these younger adults are a bit befuddled by the game of life… in this electronic world… and they’re coming to realize that nothing says “dolla dolla dolla… quite like an actual dollar. buck a bill a greenback a physical financial rectangle with George on the front ..and the words in g-d we trust on the back.
Think about it. These people ages ..say 18 through 26… are experiencing financial baptism in a world of runaway inflation … soaring interest rates… and a stock market that bounces around like a ping-pong ball. Sure… when you’re young… the standard solution is to put everything on your credit card. But then you learn the rude truth about compound interest. At the end of the month if you can’t pay up … at 21 percent interest… you’re well on your way to the poorhouse.
Or as Ray Charles put it… the Bills are all due... my baby needs shoes… and I’m busted.
So.. Credit Karma claims… more than half of people in Gen Z have discovered cash stuffing to make ends meet. At some point… you did this. They cash this week’s paycheck… put the cash toward the rent into one envelope. For the car payment in another and so on. That way… as egg prices spike through the roof… or gas lurches past 4 bucks… you got the basics covered.
Cash stuffing.
A technique perfected at the kitchen table … by many-a-family over the decades. And rediscovered by the youngest adults… who don’t actually pay for anything with cold hard cash. They just use it to navigate a cold hard world that doesn’t seem to make any financial sense.