Latest news with #NadiaVanderhall
Daily Mail
04-07-2025
- Business
- Daily Mail
Simple money hack could save you hundreds of dollars over July 4th weekend
Gen Z-ers are spilling the tea on why purchasing items with cash helps save money. The simple money hack that's been sweeping social media for the last couple of years has been intensifying recently as young Americans grapple with rising costs. Australian influencer Matt Hey has been an advocate for paying with cash and keeping credit cards in wallets. He revealed in a TikTok video that using cash for recreational purposes makes him have a 'more conscious decision' into what he purchases. Before learning the trick, he would go over his $100 weekly budget because he did not think about what he was purchasing. Now, he pulls the money out of an ATM and typically has funds leftover to put into his savings. Another trick is to opt out of tap-to-pay, according to financial planner Nadia Vanderhall. By going cash-only, anyone celebrating the 4th of July will have a better chance of tracking their payments and eliminating the temptation for impulse buys. 'You decide how much you want to spend for the weekend, pull that amount in cash on Friday, and that's all you allow yourself to use through Sunday,' she told Bustle this week. Big spenders can try out the trick any time they'd like, all they need is a debit card and a way to withdraw money. Besides controlling overspending habits, it can also help save money on food or other things, which helps 'create real awareness.' Before giving it a go, cardholders are advised to check their bank balance, plan out the week ahead, and withdraw enough money to cover fees without going overboard. 'A lot of folks budget their fixed costs, but forget about the spontaneous "I deserve it" spending that tends to happen on the weekend,' Vanderhall explained. 'This approach helps you feel your spending in real time, keep your non-bill budget in check, and make more intentional choices — all without killing your fun.' Another money trend known as the 'treat yourself tax' can help Americans control spending as it requires matching the cost of impulse buys to a savings deposit. Americans can also turn to the '1 percent rule' to control over spending, and consider using the 'one-tenth rule' when purchasing a car. Hundreds of Reddit users have already said that they would choose cash over cards any time they entered a bar. Tap-to-pay using apps like Apple Pay and Google Pay is a common payment method for Gen Z 'I've never once opened a tab at a bar. It honestly seems like such a weird and unusual thing to do to me, paying every time you go to the bar just makes way more sense,' a Gen Z Reddit member wrote. 'This is why cash is king. Don't need to worry about leaving your card at the bar,' a bargoer responded. 'Packed college town bar/crowded bar mid bar hop? Pay every time,' a commenter admitted. 'In countries that aren't stupid, you pay for every drink as you get it and that's that,' another person wrote. Others believe cash-only payment methods at bars are 'unreasonable' and make it 'extremely difficult' for bartenders. 'It creates a huge amount of pointless work for servers and bartenders, with the exact same outcome for you,' a Reddit user insisted. 'It's also massively inconsiderate and entitled.' 'This is an a** move on the customer part. You keep it open and close when you leave,' another person wrote regarding bar tabs.
New York Post
04-07-2025
- Business
- New York Post
Gen Z turns to ‘old-school' money hack to curb spending: ‘Helps create awareness'
Cold hard cash is making a comeback — at least on weekends. Swipe, sip, splurge, repeat — that's the usual weekend drill for many debit-card-happy spenders. One latte turns into a shopping spree, a boozy brunch and suddenly your bank account's begging for mercy. Advertisement Enter the latest TikTok-approved money hack: the 'cash-only weekend.' The idea? Hit the ATM on Friday, pull out a set amount of cash, and make it stretch through Sunday. @ how using cash has helped me grow my savings 💰💵💸 granted, this might not apply to everyone and all of our financial situations are different but this is what has helped me this year and I wanted to share! it has truly changed EVERYTHING when it comes to my money and in my opinion we SHOULD be purchasing conciously!!!! if you have any tips feel free to leave them in the comments 🖤🧚🥰 #cashisking #savingmoney #moneytips #cash #financialliteracy ♬ original sound – Alright Hey 🇦🇺🍉 No cards. No Apple Pay. No exceptions. When the cash runs out, so does the fun. Advertisement With tap-to-pay making it way too easy to blow through your budget, this analog approach is catching on fast. As Nadia Vanderhall, a financial planner and founder of The Brands and Bands, told Bustle in a recent interview, 'Most people are used to tapping with Apple Pay or Google Pay — you're not even pulling out your wallet anymore.' She continued, 'You just tap and keep it moving. But that's the issue: when the money leaves that fast, you're not tracking what you're truly spending.' 3 Cash is king again — at least 'til Monday. For weekend warriors with swipe-happy fingers, it's all too easy: one latte, one brunch, one 'treat yourself' spree — and boom, your bank account's in cardiac arrest. Syda Productions – Advertisement This old-school hack isn't just about saving bucks — she explained — it's about spending with purpose. A 'cash-only' weekend doesn't just curb your impulse buys — it forces you to slow your roll and put some thought behind every dollar that leaves your wallet. 'You decide how much you want to spend for the weekend, pull that amount in cash on Friday, and that's all you allow yourself to use through Sunday,' she added. When you're forking over cold, hard cash and watching it vanish faster than your willpower at a sample sale, you're way less likely to blow your budget on impulse buys. Advertisement The paper-in-hand panic? That's the point — it forces you to think twice before splurging on that extra oat milk latte or random checkout-line trinket. Vanderhall stressed, 'If you swipe without thinking or tend to overspend on food, convenience, or random little things, this can help create real awareness.' 3 'You decide how much you want to spend for the weekend, pull that amount in cash on Friday, and that's all you allow yourself to use through Sunday,' she added. .tiktok/@yellerwelle If you want to give a 'cash-only' weekend a whirl, first, check your bank balance, eyeball your plans — birthdays, brunches, booze runs — then hit the ATM and take out just enough to cover it all without raiding your savings or skipping the rent. Stash the cash in an envelope and swear off your swipe — though Vanderhall says it's smart to keep a backup card buried so deep in your bag you'll need a search party to find it. As previously reported by The Post, Gen Z-ers are also trying the 'treat yourself tax' hack and '1% rule' to save money and prevent overspending. Earlier this spring, the 'treat yourself tax' hack had spenders doing double takes — one at the price tag, and one at their savings app. The rule? For every impulse buy — whether it's a $7 iced coffee, a $30 plumping gloss, or a $250 'emotional support' purse — you match it with a deposit into savings. Advertisement 3 This old-school money hack is making a comeback. Pixel-Shot – Splurge now, save now. Guilt optional. As for the '1% rule,' over the past few months, this has been making waves with wallet-watchers — and it's so simple even your shopaholic BFF could pull it off. Advertisement Thinking about blowing big bucks on front-row concert seats, a bougie espresso machine, or a luxe weekend getaway? If the price tag is more than 1% of your annual income, pump the brakes. Make $50K? Anything over $500 means it's time for a 24-hour cooling-off period. Still craving it tomorrow? Fine. But if not, congrats — you just saved a chunk of change (and your credit score).
