Watch and read the following article from ABC News, ‘Cash stuffing’ is the budgeting hack gaining popularity on social media

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Case Study 1 - Cash Stuffing [10 Marks]

Watch and read the following article from ABC News, “‘Cash stuffing’ is the budgeting hack gaining popularity on social media. Here’s how it works”, available:
https://www.abc.net.au/news/2023-08-29/cash-stuffing-viral-saving-trend-cost-of-living-730/102599352

*note this article has a short video clip as you visit the link above on ABC News webpage.

  • Utilise one (1) behavioural finance heuristic covered in this unit which might explain the latest trend in “cash stuffing” in order to save money. Your answer should consider why cash stuffing might work, and contrast to a more traditional or rational view of budgeting and saving money.

[Maximum word count: 600 words]

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