Dossier
impulse buying
Coverage of impulse buying 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.
- As costs rise, tips on how to control spending
Rising costs and inflation are prompting people to cut spending, with financial planners advising emotional checks, avoiding impulse buys, and creating monthly budgets categorized into needs, wants, and savings.