Business

We saved $10,000 in 100 days with the money saving envelope challenge

A SAVVY couple saved $10,000 in just 100 days with the help of the envelope saving money challenge.

If you haven’t heard of this yet thrift challengeyou only need 100 envelopes to get started.

Save $10,000 with this money challenge

first

Save $10,000 with this money challengeCredit: TikTok

Usually, after you’ve collected 100 envelopes, you’ll number them from one to 100.

However, couples shared their story on TikTok Label their envelopes counting by two.

In other words, their envelopes are labeled 2,4,6,8 … until 200.

Each day the couple draws an envelope and places the amount of cash equal to the number on the outside of the envelope.

For example, a couple puts 2 dollars in envelope 2, 4 dollars in envelope 4, etc.

By labeling the envelopes with two, this couple has a chance to accumulate more money over the course of 100 days. So they ended up saving $10,000.

If you’re looking to raise money to pay for a house or a car upfront, this challenge can help you achieve your goals in a fun way.

The money saving challenge video was shared by chanaboobie, a TikTok user, and it has garnered over 132,000 likes and almost 1,500 comments.

Other Money Saving Challenges

If the 100-day envelope challenge is a bit overwhelming for you, there are a few other challenges you can try that don’t require you to spend a lot of money.

For example, you can challenge 52 weeks.

On the first week, you gave away $1. On the second week, you gave away $2. On the 52nd week, you gave away $52. By the end of the year, you’ll have $1,378 in the bank.

The next one is even simpler.

All you have to do is put in a dollar a day for a year.

While this savings challenge only goes up to $365, it helps you build a better long-term savings environment.

The Sun explains how can you earn 200$ in 2 hours.

Plus, Daniella Flores told The Sun how does she make $4,000 a month from the hustlers next door – and she only takes 10 hours a week.

Money expert reveals how Americans with student loans can reduce taxes by up to $2,500

We pay for your stories!

Do you have a story for the American team The Sun?

https://www.the-sun.com/money/4512052/how-saved-envelope-savings-challenge/ We saved $10,000 in 100 days with the money saving envelope challenge

DevanCole

Daily Nation Today is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@dailynationtoday.com. The content will be deleted within 24 hours.

Related Articles

Back to top button