The Cashless Effect: What Behavioral Science Says About Sticking to a Budget
Why you might benefit from changing the way you pay
Have you ever heard of the Envelope Budgeting Method? It’s a financial management system built on putting cash into separate envelopes for different parts of their budget. For example, I might put $200 in an envelope marked “groceries” or $50 into an envelope marked “water bill.” This budgeting method can be useful for …