I do not know about you but I am all for saving some money when I can. Nowadays you can find all kinds of helpful tips and programs out there to do and plenty of money savings apps. For example, a few years ago I had shared with my readers the 52-week savings plan. While I had the best intentions, I simply was not able to complete the 52-week challenge. Life just kind of happened and other things took away from us putting back for a rainy day. Now I am seeing a new savings plan that seems like I can actually do. Have you heard of the 100 Envelope Challenge?
100 Envelope Challenge
I am not sure who to credit this challenge with as I have seen it all over social media, but I know whoever created it is on to something. This challenge seems easy, but with anything, it can also seem quite overwhelming! It begins with 100 envelopes numbered 1 through 100.
How it Works
Each week, you select 1-2 envelopes that you are able to contribute to that week. If you do this all year, the savings you build-up could be amazing. Just take a look below!
If you complete envelopes $1-$50, you’ll have $1275
If you complete envelopes $1-$82, you’ll have $3403
If you complete envelopes $1-$100, you’ll have $5,050
Think about that! This challenge allows you to give what you can each week depending on what your cash flow is like. If your cash flow is heavy, you may want to consider grabbing a few of the higher ones to add to and saving the smaller numbered envelopes for those weeks where the money is tight.
The nice thing about this plan is that you make it work for you!
Top 5 Money-Saving Apps
Today there are quite a few apps that literally pay you back for shopping! The best part about these apps is that they are FREE, and most of them come with a sign-up bonus. So why not sign up for some of these apps that will earn you the cashback from making purchases at the grocery store. You will even find that many of them reward you for also eating out and purchasing products that extend beyond the grocery store.
You have nothing to lose!
Fetch
This is one of my favorites because it is SO EASY! Fetch Rewards is a free mobile app that rewards people for shopping. Just scan your grocery receipt with the Fetch Rewards App after any shopping trip, and receive points that can be redeemed for gifts. No entering promotional codes, no tracking multiple reward programs on multiple apps, and no clipping coupons or barcodes. Just scan your receipt, tap one button, and earn rewards.
Ibotta
Ibotta is a free app that pays you cashback on everyday purchases.
Rakuten
Rakuten, formerly known as EBates, allows you to start earning cashback as you shop at your favorite stores. With over 2,500 stores in their database, you will also find deals and coupons to apply to your shopping cart. With over 12 million members and $1 billion in Cash Back paid out, Rakuten is the easiest and most rewarding way to shop. Become a member today and start shopping smarter.
Shopkick
Shopkick is afun and easy way to earn free gift cards for the shopping you already do. Simply walk into stores, scan items, and buy everyday products to earn points (called kicks) that you can redeem for gift cards to Target, Starbucks, Sephora and more!
Swagbucks
Swagbucks is a fun rewards program that gives you free gift cards and cash for the everyday things you already do online. Earn points when you shop at your favorite retailers, watch entertaining videos, search the web, answer surveys and find great deals. Redeem points for gift cards to your favorite retailers like Amazon and Walmart or get cashback from Paypal. Swagbucks has already paid out over $100 million in cash and free gift cards. Put cashback in your wallet.
