Quarry Hill Advisors
Coverage of Quarry Hill Advisors in the Nexus archive.
- ‘Cash stuffing’ budgeting method growing in popularity
The 'cash stuffing' budgeting method, which involves dividing cash into labeled envelopes for specific spending categories, is gaining popularity. Experts highlight its benefits in preventing credit card debt and impulse buying, though it may result in missing out on credit card rewards. Bjorn Amundson of Quarry Hill Advisors praised the method for providing real-time budget visibility and reinforcing financial discipline.
- Buy now, pay later debt is piling up, and groceries are driving it
Buy now, pay later (BNPL) debt is increasing as Americans use it to purchase groceries, with nearly 1 in 4 users taking out loans for this purpose. Half of BNPL users missed at least one payment in the past year, leading to fees, interest, and potential credit score damage. Financial experts warn against using BNPL unless payments can be made on time.