"Texas Woman Pays Off $80K Debt with Stimulus Check and 'Cash Stuffing'"

1 min read
Source: Yahoo Finance
TL;DR Summary

Jasmine Taylor, a Texas woman who was nearly $80,000 in debt, used a budgeting system called cash stuffing to pay it all off. Cash stuffing involves taking cash for different spending categories and putting the money into envelopes. Taylor started sharing her experiences on social media and eventually started her own business, Baddies & Budgets, selling glittery binders with cash envelopes and wallets for everyday expenses. She used her spring 2021 stimulus check to kickstart her business and now runs it full-time, earning money from YouTube and other social media collaborations. Taylor paid off $30,000 in debt from April to December 2021 and the rest in 2022 using the debt snowball method. She now helps others struggling with personal finance, including domestic violence survivors.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

4 min

vs 5 min read

Condensed

87%

965124 words

Want the full story? Read the original article

Read on Yahoo Finance