Survey: 1 in 3 People Say Cash Stuffing Trend is Helping Them Reach Money Goals

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Amid high inflation, many Gen Zers and Millennials are turning to cash stuffing to manage their finances, according to a new Credello survey. Cash stuffing is a viral TikTok personal finance trend that consists of stuffing cash into different envelopes dedicated to spending categories such as buying groceries, paying off debt, savings, etc.

NEW YORK - September 2, 2022 - (Newswire.com)

Credello conducted an online survey in July 2022 using Pollfish and found that, among 600 adults (47.8% women, 52.2% men) aged 18-41, a little over 60% of respondents use cash stuffing to manage their finances, and over a third of respondents say it is an effective budgeting method for reaching financial milestones. 

Key highlights from Credello's 2022 survey on cash stuffing: 

  • 1 in 3 people find cash stuffing to be effective for saving towards a goal.
  • Nearly 29% of respondents find cash stuffing useful for controlling overspending.
  • 24.14% of respondents use cash stuffing to pay off debt.
  • People find out about cash stuffing through various sources - 36.44% of respondents got into it because of friends and family, and 29.48% of respondents found out about it through social media.
  • More than half of respondents still use credit cards in addition to cash stuffing.

Why cash stuffing is getting more popular 

Cash stuffing is an age-old hack, but it has gained traction through Instagram, TikTok, and the rise of personal finance influencers on social media. Education level seems to play a role in how people start using the method to manage their money. Those with middle school, high school or technical college education were more influenced by social media and TikTok than those with university and postgraduate education, who were mostly influenced by recommendations from friends and family. 

The current economic and social climate could also be to blame for the rise of cash stuffing - 14.10% of respondents said skepticism of the security of financial institutions and 15.18% said skepticism of using technology turned them on to cash stuffing. 

A worrying trend or useful finance hack? 

Credello's survey results confirm the increasing popularity of cash stuffing among younger people. They also reveal that people are making the habit work for them instead of looking at it as a one-size-fits-all solution: 24.55% of respondents use cash stuffing several times a week, while 17.21% only use it when they have a savings goal to reach. And nearly 44% of people use cash stuffing when they get their paycheck. 

People are finding cash stuffing beneficial for curbing their spending, saving towards a big financial goal and paying off debt. While 1 in 4 people say they are not worried about cash stuffing at all, some adopters have concerns. Inability to build or maintain a credit score is what some respondents (21.46%) were most worried about (11.67% of respondents don't have a credit card), while theft was the top-of-mind concern for most at 29.56%. Not being able to earn interest or invest worried nearly 25% of respondents. 

More than half of respondents still use their credit cards alongside cash stuffing, which goes to show that it's only one way of budgeting, saving and spending - and it could possibly complement other strategies. 




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Original Source: Survey: 1 in 3 People Say Cash Stuffing Trend is Helping Them Reach Money Goals Survey: 1 in 3 People Say Cash Stuffing Trend is Helping Them Reach Money Goals

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RedeemTV Announces New Documentary: ‘The Shroud Face to Face’

RedeemTV Announces New Documentary: ‘The Shroud Face to Face’
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Vision Video’s streaming platform RedeemTV is set to unveil the highly anticipated documentary The Shroud Face to Face on March 28, 2024.

The Shroud Face to Face, produced by The Nexus Institute and The Shroud LLC, is a captivating documentary that unravels the enigma of the Shroud of Turin. With cutting-edge technology and expert insights, the film provides a face-to-face encounter with this iconic relic, inviting audiences to delve into its history, authenticity, and the profound questions it raises.

This visually stunning film, based on the book The Shroud Face to Face by acclaimed author and filmmaker Robert Orlando, offers an immersive exploration of the centuries-old mystery surrounding the Shroud of Turin and has been endorsed with high praise.

"This is a compelling and convincing account of the single most fascinating relic in the Christian world. This is for anyone seeking to understand the significance and history of the Shroud of Turin.” — Bishop Robert Barron, founder of Word on Fire

'The Shroud Face to Face'

Watch Trailer: https://watch.redeemtv.com/trailer/the-shroud-trailer

RedeemTV is a FREE, donor-supported, Christian streaming platform with over 250,000 subscribers. Streaming more than 5,000 videos, it provides family-friendly content while continuing to spread the message of Jesus.

Vision Video is a leading DVD and film distributor, committed to bringing impactful and compelling stories to audiences worldwide. With a focus on cinematic excellence, Vision Video partners with filmmakers to showcase thought-provoking narratives that inspire and captivate.

The Nexus Media focuses on TV, motion pictures, books, and screenplays, along with award- winning documentaries and shorts. Our team has years of experience in media storytelling and developing well-crafted engaging content. We invite you to view some of our past projects, The Divine Plan and Silence Patton, and participate in our new initiatives.

Stream FREE on RedeemTV: https://redeemtv.com.

Find us on Facebook at https://www.facebook.com/RedeemTV.

Follow us on Instagram at https://www.instagram.com/redeemtv1.

Contact Information:
Danielle Tumminelli
Marketing & VOD Distribution Manager
danielle@visionvideo.com
484-750-2485


Original Source: RedeemTV Announces New Documentary: 'The Shroud Face to Face'

Scholars of Mandeville Grand Opening to Feature New Orleans Saints Superstar Cam Jordan

Scholars is celebrating the Grand Opening of its second tutoring location in the Greater New Orleans area Thursday, March 28th. This Thursday's event features NFL superstar Defensive End Cam Jordan of the New Orleans Saints. Cam, the Saints all-time sack leader and 8x pro-bowler, will be available to meet and inspire the students and families of the Mandeville community.

Scholars of Mandeville Grand Opening to Feature New Orleans Saints Superstar Cam Jordan
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Scholars is an award-winning franchise tutoring system, providing broad academic support to students K-12 in all subjects.

This Thursday, March 28th, Scholars will celebrate the grand opening of its new location in Mandeville, Louisiana. The event begins at 11:30 a.m. and will take place at 1901 U.S. Hwy 190, STE 27, Mandeville, La.

Scholars is proud to be cutting the ribbon of its second location in New Orleans. This week’s event will also feature some NFL star power as Cam Jordan of the New Orleans Saints will be making an appearance. Renowned throughout the NFL for his ferocious and creative pass-rushing, Cam, the Saints all-time sack leader and 8x pro-bowler, is both a student of the game of football and a big believer in the importance of education off the field. Cam will meet and inspire the students and families of the community alongside Scholars CEO Matt Baxter and other special guests. 

The event is free to attend and will feature giveaways, food from local vendors, face painting, pictures, games, and other surprises.

Scholars of Mandeville owner Ryan Fitzsimmons is excited to give back to his community and to provide students in the area with world-class tutoring. “I’m always willing and able to help kids,” Fitzsimmons said. “I’m a huge believer in Scholars because I’ve seen it work. It’s really amazing and I’m excited to be a part of it.” 

Scholars' first Louisiana location was opened in 2021 by another NFL star, 5x Pro Bowl Offensive Tackle Terron Armstead. Scholars of New Orleans has brought the joy of success in school to hundreds of students over the past three years and provides the template which Ryan Fitzsimmons seeks to follow.

Scholars, which is celebrating its 25th anniversary in 2024, has over 80 locations across North America. It uses its world-class curriculum and programming coupled with qualified, caring teachers to provide exceptional tutoring services for students of all ages. It has won the Canadian Franchise Association’s Franchisees’ Choice Award for nine consecutive years, while also boasting the Franchisee of the Year Award in 2023. The first location in the United States was opened in Brookhaven, Georgia, by Baltimore Ravens great Jamal Lewis, and the company also includes local New Orleans legend & former Saints superstar Mark Ingram. 

Scholars Education                                                         

400 Applewood Cres, Suite 100

Toronto ON, L4K 0C3

1-866-777-2131

info@scholarscanada.com

Contact Information:
Peter Dyakowski
Scholars Education
peter@scholarsed.com
1-888-901-7323
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Original Source: Scholars of Mandeville Grand Opening to Feature New Orleans Saints Superstar Cam Jordan
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