wakka55 t1_je3vro4 wrote on March 29, 2023 at 5:49 AM

Reply to comment by toodle-dree in 31-Year-Old Used Her $1,200 Stimulus Check to Start a ‘Cash Stuffing’ Business—It’s on Track to Bring in $1 Million This Year by ChickenXing

(Stupid) Question: For something like car insurance, are they mailing cash? Or is the cash just symbolically in the envelope and gets deposited back into the bank in time for a normal check to clear? Or what? (I have been autopay everything for decades so I have no idea how this works)

GingerMau t1_je57pvs wrote on March 29, 2023 at 2:34 PM

That was my question too.

You can't just mail cash, so you have to deposit it in order to pay.

Seems like a lot of extra steps, but if that's what it takes to help you budget and save then why not?

toodle-dree t1_je83fdz wrote on March 30, 2023 at 2:19 AM

So from what I've seen people will physically save up for maybe sinking funds or their emergency fund and once they get to their goal point they will re-deposit it into the bank. I personally am too lazy to do this so that is why I wouldn't get into physical cash stuffings but I can understand why people do it. Some people need something tactile and in person to really get where their money is going and what they're doing with it.