Oh, that is quite the challenge for sure! In fact, the 100 envelope challenge times two will yield you $10,100 because the 100 envelope challenge equals 5050! I’ve actually made the 100 envelope challenge and a scratch off kit and a lot of times these bigger challenging situations are very daunting. That’s why I used to spread mine over multiple pages and when I did my kit, I would put the exact amount at the top of each page so you know what you’re saving per page. It’s more of a long-term savings than it is a short term Turnaround! For instance, the kids that I’m putting up today are the penny, nickel, dime and quarter challenge, they’re all scratch offs and combined. It saves you over $27,000 which is insanely crazy but again these are long-term savings challenges. The reason that I devised my saving challenges to have amounts at the top and spread them over so many pages so they don’t look so daunting even though they really are. You need an eye. Oh. You. Card in order to do challenges like this because these challenges take a hell of a long time! But in the end they do yield some really good results and some great cash flow you take the 10,000 and disperse it over sinking funds or savings challenges or an emergency fund or anything. It doesn’t have to be done on the daily or even the weekly. I would suggest if you did want to dip back into it and try it again that you actually break it down super simple and super easy you might have to save up for a couple of paychecks in order to fill one of the bigger spots, but trust me it definitely is rewarding! I’m actually doing the challenges that I’m making and will be showing them up on my channel here in the next couple of weeks because I haven’t gotten my whole 2025 year spread out done, but I got a hell of a lot of saving challenges and they’re high-end ones and although I don’t have that much money to stick in them all the time, little by little progress will be done! I do love baddies and budget. She’s really kind of cool.
@@ChallengeYourWalletAarynLynn my biggest hangup is that I don't like folding my money. I could do this one electronically and not have to stuff it, just mark on a dashboard. Where is the fun in that? Lol
I loved the saying pause for the cause that was super cute. I like that you’re switching out savings challenges, finishing, and then swapping them out for new ones very awesome! I don’t know if you ever thought about maybe laminating the savings challenges so that you can wipe them clean with alcohol And reuse them. It would help you keep them in lineup later on so you don’t have to swap them all the time, but even if you do, you can put them back in your binder at a later time. 14:19
@ very true but if you actually laminate them and then use them to be able to re-print them over and over again on card stock or paper and cut them down then you have a forever copy that’s pretty much what I do, but I moved in the dashboards cause I can’t see the color things anymore which makes it a lot easier at least for me and I know for you you love to color things in, but if you actually laminate them, then put them on the copier print amount cut them out, which is a little bit of a tedious task you could still haveq‘s saved and put them into a single binder or something to keep them organized and then pull them out and reprint them over and over again, but I understand
Hey Sheila, have you tried digital budgeting instead if you’re not wanting to keep your money in your binders for very long, I would suggest you possibly doing digital budgeting and getting actual prop money to stick in your binders to show what you’re saving in your accounts. That way if you have any high-yield savings accounts, you can be collecting a little bit of interest on the money versus letting it sit in cash envelopes. This is why I actually do pro money instead Not only to mention I don’t leave money in my house for multiple reasons. Safety is another reason and I always tell people even if you bolt a safe to your floor, someone can come in and unbolt that same safe and take it home to crack it open either way you’ll lose all your cash so I might be a suggestion you might want to dip into if it would make you feel a little bit more comfortable to have more prop money into your Binder and have cash in the bank 12:1612:20
@@ChallengeYourWalletAarynLynn hey, it's a great suggestion, but I meant that I don't like them getting stale in challenge binders. It isn't about like putting it in high yield, it's just about it waiting for me to complete the challenge. I like faster turnaround times. Which is why I find myself doing less challenges (like 6 instead of 8 or 10 or 12).
Here watching and enjoying your video this evening.❤❤❤
@@savewithjudy thanks Judy. I need to get the next Save With Friends before I forget AGAIN! 😂
Happy Tuesday! Nice savings! 😊
@@PlanBudgetwithJan thank you so much Jan.
Oh, that is quite the challenge for sure! In fact, the 100 envelope challenge times two will yield you $10,100 because the 100 envelope challenge equals 5050! I’ve actually made the 100 envelope challenge and a scratch off kit and a lot of times these bigger challenging situations are very daunting. That’s why I used to spread mine over multiple pages and when I did my kit, I would put the exact amount at the top of each page so you know what you’re saving per page. It’s more of a long-term savings than it is a short term Turnaround! For instance, the kids that I’m putting up today are the penny, nickel, dime and quarter challenge, they’re all scratch offs and combined. It saves you over $27,000 which is insanely crazy but again these are long-term savings challenges. The reason that I devised my saving challenges to have amounts at the top and spread them over so many pages so they don’t look so daunting even though they really are. You need an eye. Oh. You. Card in order to do challenges like this because these challenges take a hell of a long time! But in the end they do yield some really good results and some great cash flow you take the 10,000 and disperse it over sinking funds or savings challenges or an emergency fund or anything. It doesn’t have to be done on the daily or even the weekly. I would suggest if you did want to dip back into it and try it again that you actually break it down super simple and super easy you might have to save up for a couple of paychecks in order to fill one of the bigger spots, but trust me it definitely is rewarding! I’m actually doing the challenges that I’m making and will be showing them up on my channel here in the next couple of weeks because I haven’t gotten my whole 2025 year spread out done, but I got a hell of a lot of saving challenges and they’re high-end ones and although I don’t have that much money to stick in them all the time, little by little progress will be done! I do love baddies and budget. She’s really kind of cool.
@@ChallengeYourWalletAarynLynn my biggest hangup is that I don't like folding my money. I could do this one electronically and not have to stuff it, just mark on a dashboard. Where is the fun in that? Lol
I loved the saying pause for the cause that was super cute. I like that you’re switching out savings challenges, finishing, and then swapping them out for new ones very awesome! I don’t know if you ever thought about maybe laminating the savings challenges so that you can wipe them clean with alcohol And reuse them. It would help you keep them in lineup later on so you don’t have to swap them all the time, but even if you do, you can put them back in your binder at a later time. 14:19
@@ChallengeYourWalletAarynLynn I do have some laminated some of the ones you need to color, I prefer paper because coloring lamination isn't as fun.
@ very true but if you actually laminate them and then use them to be able to re-print them over and over again on card stock or paper and cut them down then you have a forever copy that’s pretty much what I do, but I moved in the dashboards cause I can’t see the color things anymore which makes it a lot easier at least for me and I know for you you love to color things in, but if you actually laminate them, then put them on the copier print amount cut them out, which is a little bit of a tedious task you could still haveq‘s saved and put them into a single binder or something to keep them organized and then pull them out and reprint them over and over again, but I understand
@@ChallengeYourWalletAarynLynn If I buy them, I also have the file to reprint.
Hey Sheila, have you tried digital budgeting instead if you’re not wanting to keep your money in your binders for very long, I would suggest you possibly doing digital budgeting and getting actual prop money to stick in your binders to show what you’re saving in your accounts. That way if you have any high-yield savings accounts, you can be collecting a little bit of interest on the money versus letting it sit in cash envelopes. This is why I actually do pro money instead Not only to mention I don’t leave money in my house for multiple reasons. Safety is another reason and I always tell people even if you bolt a safe to your floor, someone can come in and unbolt that same safe and take it home to crack it open either way you’ll lose all your cash so I might be a suggestion you might want to dip into if it would make you feel a little bit more comfortable to have more prop money into your Binder and have cash in the bank 12:16 12:20
@@ChallengeYourWalletAarynLynn hey, it's a great suggestion, but I meant that I don't like them getting stale in challenge binders. It isn't about like putting it in high yield, it's just about it waiting for me to complete the challenge. I like faster turnaround times. Which is why I find myself doing less challenges (like 6 instead of 8 or 10 or 12).