The point of this envelope savings challenge is to help you jumpstart your savings so you can reach your financial goals.

For example, $1 on envelope no. 1, $2 on no. 2, and so on. In less than four months, you should have $5,050 put aside. “When saving money becomes a ‘challenge,’ it can be a motivator ...

The viral “envelope savings challenge” isn't a new concept—pick a financial goal, then break that up into smaller, more achievable amounts over the course of several days or weeks—but it ...

If you’ve been meaning to change your ways and set aside more money, it could be as easy as the “100 Envelope Challenge” from TikTok. This viral money-saving trick promises to help you stash ...

Good old-fashioned saving has gone viral. It’s called the “100 Envelope Challenge” on TikTok, and it promises to put more than $5,000 in your pocket in just 100 days. Billed by influencers ...

Riska/E+/Getty Images To prep for the challenge, you’ll need 100 self-sealing cash envelopes, a notebook to plan your savings, and to keep your phone nearby in case you need a calculator.

But you can also use envelopes to grow savings. The 100 envelope challenge, for example, involves setting aside small amounts of money in an envelope daily. You start with 100 envelopes ...

videos from content creators touting money-saving strategies such as "loud budgeting," "frugal February" and the "100 envelope challenge" have garnered millions of views, belying common complaints ...