Today in episode 364 we'll talk about cash stuffing, student loans, and how much you need to retire.
Cash Stuffing: My parents called this the envelope budgeting method. Today TikTok and YouTube have rebranded it as cash stuffing and made the envelope system cool again. We talk about its pros and cons.
Student Loans: There are two topics on tap for today. First, we expect the Supreme Court to rule today on President Biden's attempt to wipe out $400 billion in student loans. We also look at the economic effects of student loan repayments set to resume in October.
Retirement: Finally, we look at a survey showing how much we think we need to retire. The results vary significantly by age, as you'll see.
Resources:
- Cash Stuffing Video: https://www.youtube.com/watch?v=3BF6uUzPQn8&ab_channel=StrawberryMoney%F0%9F%8D%93
- Student Loan Supreme Court: https://finance.yahoo.com/news/us-supreme-court-decide-fate-100000817.html
- Student Loan Repayment and the Economy: https://www.forbes.com/sites/simonmoore/2023/06/29/resuming-student-loan-payments-may-slow-economic-growth/
- Retirement Study: https://news.northwesternmutual.com/2023-06-22-Americans-Believe-They-Will-Need-1-27-Million-to-Retire-Comfortably,-According-to-Northwestern-Mutual-Planning-Progress-Study
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