What is the envelope budgeting system?

(NewsNation) — If you're looking for a new way to manage your finances for the new year, you might want to try envelope budgeting — also known as "cash stuffing."It might sound odd, but this concept has actually been around for years, according to NerdWallet. NerdWallet describes it as a budgeting method where people physically portion their monthly income into different spending categories using — you guessed it — envelopes.Story continues below
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