Cash stuffing is the trend that just won’t quit — and for good reason! It’s a great option for folks that are looking to manage money and accomplish financial goals, like paying down debt or building an emergency fund. 

Fans of cash stuffing credit it with giving them more control over their spending. Because their money is set aside in a physical envelope in a real binder, it’s easy to see when there’s no more money to spend. 

Sounds perfect! Right? 

Here’s where Goodbudget comes in

It’s obvious that the cash stuffing method works, but there are still some drawbacks when it comes to carrying physical cash around in envelopes. Here’s how Goodbudget fixes them.

Track cash virtually

It’s not always practical to carry cash these days, and that makes cash stuffing less appealing. Real envelopes filled with cash can be bulky and cumbersome to tote around, and it might not be the safest choice either. (Who wants to carry around hundreds of dollars while running errands, or leave thousands of dollars laying around the house for bills?) 

Since Goodbudget allows you to track the money in your accounts via an app, you’re able to utilize the cash stuffing method virtually. 

For some, using real cash in physical envelopes helps to keep them aware of their spending. If that’s a draw for you, you can achieve that same awareness with Goodbudget too even though it’s digital! 

Manually adding transactions as you make them means that you’ll get to see exactly where you stand each time you spend. But if you don’t like the idea of manually adding your spending, you can use Goodbudget Premium to sync with your banks and automatically import your transactions. You’ll get to confirm and categorize each transaction, which means you’ll still be in the know when it comes to how you spend

Goodbudget is great for paying down debt

You can obviously still pay down debt if you opt to go with the physical cash stuffing method. But what you won’t get are reports and tracking that help you visualize your debt payoff progress. 

Debt Accounts with Goodbudget allow you to track your real-life debt balance on the go, so you can see exactly where you are on your debt payoff journey right from your phone. 

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Take your cash stuffing binder digital with Goodbudget now!