Cash Stuffing and Budgeting Quiz

What was a significant economic challenge during the Great Depression that influenced American budgeting habits?

• Introduction of credit cards

• Increase in digital payments

• Unemployment reaching 25%

• High inflation rates

Which budgeting method from the 1930s has recently gained popularity on social media?

• Online banking

• Digital budgeting

• Credit card budgeting

• Cash envelope budgeting

How should you manage your expenses using the cash stuffing method?

• Use credit cards for all purchases

• Rely on digital payments

• Categorize expenses and use separate envelopes

• Use a single envelope for all expenses

What is a potential drawback of the cash stuffing method?

• It is only suitable for large expenses

• It can be difficult to track spending

• It requires a smartphone

• Envelopes can be lost or stolen

What is a modern alternative to physical cash stuffing?

• Using cryptocurrency

• Digital cash stuffing apps

• Using credit cards

• Writing checks