You could have saved £1,275 for yourself. Just imagine yourself this time next year. Saving little and often will help you stay on track. These savings may seem small, but they are nothing to be sniffed at. If you start now, you could save £78 by Christmas, £91 by the New Year and £171 by Valentine’s Day. If this is the case, why not fill your envelopes for the next four weeks until you are paid, and do it in one go. You can save a total of £1275 in 50 weeks! Making savings a weekly thing can be difficult, particularly if you are paid monthly. Simply put, it is a savings challenge based on filling 50 envelopes with increasing amounts of money. What is the 50-envelope savings challenge? So, how do you undertake the 50 envelop savings challenge? Watch the video below and read the simple to follow directions! You could put this money towards a house deposit, a holiday or your even use some of it on Christmas presents – the opportunities are endless. With inflation rising and food costs and energy bills soaring, you may even want to save to allow yourself a financial buffer. With the 50-envelope savings challenge, you could save up to £1275 in 50 weeks. We wanted to share a method that might work for you – especially if you’re an avoider when it comes to your savings personality type. Little and often can be the best way to go, and having a set goal can help you along nicely. But it is never too early (or late!) to start saving. You may even being thinking about this as a 2023 resolution. Many of us go into a new year with financial resolutions. Lifestyle The 50 Envelope Savings ChallengeĪre you ready for a new savings challenge? Perhaps you want to save for something in particular, or want to challenge yourself to save where you can.
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