Saving money is hard. Are you nodding your head yes? You’re not alone. TikTok has come up with a new hack for this. Do you want to save more money? Then try this 100 envelope challenge from TikTok.
What is the 100 envelope challenge?
TikTok has come up with a way to save $5050 in 100 days. To do this, you have to use 100 envelopes and label them per day. Every day you fill an envelope with the amount that is on the envelope. So on the first day you put a dollar in the envelope, on the second day two and so on until you reach 100. If you add up all the amounts at the end of the ride, you will have saved $5050. But since we are not using dollars here, we will make it euros. If you want to make the challenge more personal, you can also make the 100 envelope challenge longer or shorter.
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How to do the 100 envelope challenge
This challenge is seen on TikTok as a very easy and fast way to save money. You start with small amounts and work your way up, which lowers the threshold to start. But how exactly do you perform this 100 envelope challenge? We explain it to you step by step.
Step 1: Make your envelopes
The 100 envelope challenge can be done with a hundred separate envelopes, but fortunately this is not the only option. There are various folders online that are specifically intended for this purpose. You can then use these to store the saved money. The most important thing is that you create a system for yourself that is easy and above all safe. You do not want to lose your saved money.
Step 2: Start filling your envelopes
The most important thing for this challenge is that you just start. Make an appointment with yourself when you will start, we understand that spontaneously deciding to do this is not always possible. Think of a start date and stick to it. If necessary, set a reminder in your phone for each day of the challenge. That way you can’t accidentally skip a day.
Step 3: Keep going!
We know that completing this challenge is getting harder and harder. But there is light at the end of the tunnel! Hang in there, you will have a beautiful reward waiting for you at the end of the challenge.
Step 4: Leave it alone!
We know it’s hard to stay away from money. That’s why we recommend working with cash for this challenge. Money from your bank account is much easier to spend.
Step 5: Keep it in a safe place
Make sure you have a safe place to store your saved money during the challenge. This makes it harder for yourself to touch it, and it prevents children or other people from touching it. Because that is of course not the intention.
Step 6: Count your profit
After a hundred days you have saved €5050 euros! That is quite a lot! Use it for something you have been dreaming of for a long time, reward yourself!
