The main reasons for not saving are the lack of motivation and definite process. Money-saving challenges give you both encouragement and a clear path to attain saving goals.
The money-saving challenge is a creative savings idea to kickstart building funds. The purpose of saving money can be for financial goals, debt repayment, or retirement.
You need 100 envelopes for the challenge. Label the envelopes from 1-to 100, shuffle them, and each day put cash in them equal to the number. Then save it.
For example, in week 1, you'll save one dollar, two dollars in week 2, etc. In week 52, you'll deposit 52 dollars in the account.You'll save 1,378 dollars in a year.