“You start to challenge yourself to cut out as much unnecessary spending as you can so that you can shift money out of your spending envelopes and into savings.”

Despite the positives, cash stuffing can come with challenges of its own for those who find envelope budging stressful.

“Some people find envelope budgeting stressful for exactly the same reason that it’s powerful: it shows the reality that money is finite, and that not everything can be covered at once,” she warns. “It might feel constraining and like you have no freedom to be spontaneous.

“Using actual cash also has its obvious downsides. Some things simply can’t be paid for in cash, either because they cost too much or because it’s not a payment method option,” she says. “Cash also has risks – it can be stolen, lost or left at home by mistake. The solution to this might be to use electronic envelope budgeting, either by using multiple bank accounts with separate purposes or a budgeting app that lets you keep an eye on all your money across all accounts and formats.”

Another thing to bear in mind with cash stuffing is that if you use cash for everything, you risk missing out on the protections provided by credit and debit cards.

“You won’t be earning any interest on money that’s sitting in an envelope,” admits Fairweather. “Cash stuffing is probably not the perfect solution for everyone, but it can be part of the solution. Anything that increases your awareness of your spending and provides an immediate reminder of your priorities will help with cutting down unnecessary spending.

“Changing something up and making it more interesting will keep you focused on managing your finances.”

And at a time when managing our finances becomes an even higher priority trying something new might be the next best step.

Speak to a financial adviser registered with the Financial Conduct Authority before taking any financial advice, and think carefully before making any decision.

Cost of living crisis: why ‘cash stuffing’ is the money management trend helping people stay on a budget