[Stu from NYC]

Originally Posted by ltcdfancher

Hi,
My 40 year-old daughter started cash-stuffing recently. For those that don’t know, cash stuffing involves setting aside cash in marked envelopes for different spending categories and only spending what you’ve allocated each pay period.

I am applauding her efforts, of course. Any method that works for her is better than relying on hope that there will be money left at the end of the month.

She remarked to me the other day, “I’ve been paid nearly the same year-on-year, but I’ve never been this flush with ‘extra’ money.”

My reply was that she wasn’t leaking money out of her debit/credit card. Going to the grocery with $50 in cash forces her to be more diligent in what she’s buying.

What other words of encouragement could I use to keep her motivated on her journey? She is contributing to her company’s 401K, she has a Roth account, and a taxable brokerage account. She will heed some of her father’s advice.

Is she getting the full match on her 401K?