Jasmine Taylor
From Wikipedia, the free encyclopedia
Jasmine Taylor | |
|---|---|
| Born | 1991 or 1992 (age 33–34)[1] |
| Website | baddiesandbudgets |
Jasmine Taylor is an American entrepreneur and personal finances influencer who shares her budgeting strategies, including cash stuffing, and sells branded budgeting supplies online.[2][1]
Taylor was born and raised in Amarillo, Texas, and describes herself as "growing up poor".[3] She has an undergraduate degree in applied science.[4][5]
Cash stuffing
In early 2021, Taylor's personal finances were "a mess", according to New York Times business and economics columnist Peter Coy, to whom Taylor said in an interview "I told myself, this is my last year of living like this".[2] She had $80,000 in debt, had lost her full-time job and was depending on side jobs such as driving for DoorDash.[6][4] She investigated budgeting strategies and discovered cash stuffing, a zero-based, cash-only strategy which involves dividing physical currency into envelopes for various categories of spending; when a given variable-spending envelope, such as groceries, is empty, no more money can be spent on that category.[2][6]
Taylor began using the method in February 2021.[4] She said the cash-only strategy "clicked a switch in my head"; she told an interviewer, "I could hand you a $100 bill now and a debit card with $100. I guarantee you it would be a lot easier to swipe that card than it would be to break the $100. We just have some type of connection with physical cash."[4]