The "100 Envelope Challenge" is TikTok’s latest viral savings strategy that takes an old concept and adds a fun twist. The idea is simple: label 100 envelopes with amounts from 1 to 100, randomly pick an envelope each day and deposit the corresponding amount. For instance, on Monday, you may choose envelope #6, and you’ll have to add $6, on Tuesday, it may be envelope #87, and you’ll have to cough up $87. Over 100 days, you will accumulate $5,050 if you stick with it, transforming the often daunting task of saving into an engaging and achievable goal. Even if you don’t reach the full target, you’re guaranteed to boost your savings. Once you’ve completed the challenge, we recommend smart strategies to make your money work even harder. Read more here.
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Forbes Advisor is a global platform dedicated to helping consumers make the best financial choices for their individual lives. We support your pursuit of success by making smart financial decisions simple, to help you get back to doing the things you care about most. We do this by helping turn your aspirations into reality. By arming you with trusted advice and guidance, you can make informed financial decisions you feel confident in and achieve your financial goals. Visit Forbes Advisor for unbiased personal finance advice, news and reviews, plus a comparison marketplace that helps you find the financial products that best fit your life and goals.
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Employees at Forbes Advisor
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Troy Young
Media executive, advisor, investor, operator. Former Global President Hearst Magazines.
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Kate Terry
Startup CEO | Public Company Board Member | Insurance & Insurtech
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Joe Cronin
Advisor. Global Benefits
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Lawrence Sprung, CFP®
What did you do today that brought you joy?® ⭐ Denise’s husband, Zach and Jeremy’s Dad 📝 Forbes Advisor Board* 📘 Author of Financial Planning Made…
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