The Risks of 'Cash Stuffing' for Your Finances.

Cash stuffing, also known as the envelope method, is a budgeting system where you pay for things only with the physical cash you’ve allotted for it. The idea is that when your precious paper dollars are tangible and accounted for, you’re less likely to fritter them away. Research shows that using cash increases the “pain of paying,” also known as that sinking feeling of parting with your financial resources when you make a purchase. While it may not be practical to go completely cash-only, using cash selectively can help curb spending and keep you accountable for your spending.