100 Envelope Challenge | Adding Money to the challenge
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- Опубликовано: 17 окт 2022
- Available at www.baddiesandbudgets.com
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Thanks I just need this laminate card you keep in your binder. I like this one on your video stuffing challenge
Wouldn't it be better to save it in the bank and earn interest?
I don’t understand what this is about???
@@hakunamatata6488 In order to make any actual money on interest you’d have to have a LOT of money in the bank, and if it is in the bank (for the average person with little money) there is the risk of spending it on things other than what it was intended for. In this case there would be a risk of over drafting which would cost a lot more than the interest you would accrue keeping it there. If it’s tucked away for each specific bill/purpose and deposited as needed it seems it would be a lot easier to manage.
Great nothing without the plastic binder and some gold sticckers to have huge savings 👍
My parents were born just before the Great Depression when all the banks shutdown and all monies were lost. As a child, I watched as my parents together sorted out his pay into labeled white envelopes... mortgage, utilities, car, groceries, taxes, insurance, school (8 kids). They paid bills in person...no checking account, no credit cards. Both died debt free with prepaid funeral and burial plans. Times have changed...
My parents did the same and managed to send 3 kids to college. Mom would say to us it doesn't matter how much you make it matter how much you keep. Another was if you can't afford to buy it than you don't need it. Credit is only for those who can afford it. Pay in cash or you will be a slave.
My grandmother use to use white envelopes as well.
Sadly my great grandfather trusted in banking so much that, when the run on them started, he left his money with them and lost it all. It broke him.
@@kylief3774 the sentiment is great but utilizing credit to your advantage can be especially helpful to those experiencing poverty or just starting their adult lives! it's about doing it smartly and practicing self control! you can actually save yourself money by having a good credit score!
One of the things my mum did for us as kids was put us as authorized signers on our parents’ credit cards so by the time we were young adults, having never used credit on our own, we already had a headstart! But it only worked because they used those cards wisely!
My Aunts and Grandmother taught me the same thing that I passed on to my niece and we still use this method. Pay yourself first $$$$$
We lived pay check to pay check on a single income for years. We started saving money by not spending our coin change. Once that was a habit, we started not spending one dollar bills. It's easier to start simple to find savings.
Love your idea 💡 ✌🏼
I knew a lady when I worked as a teller at a bank. She worked as a waitress at a big hotel (at the time) in Toledo. She started saving 50c a week. Once she had 100$ she bought a bond. Then started saving 2$ a week. Within a few years they had enough to put a down payment on a small bar. Long story short, in her life time she became more than a millionaire. This was in the early 90s that I knew her. She never bought stocks. She bought bonds, usually hospitals, and rentals. All of that started with 50c a week. (Realize that 50c a week was actually a lot in the 40s).
@@PrincessAndMonkey wow
I didn't see your tithe or your free money to give to others. but Tina has the right idea. Since I get paid in cash I TITHE first 10% then Put 10% in IRS savings account then 10% Savings account. Live on the 70% left. I have a tiny nest egg this month. Now Single Adult Sons Mom staying with One of my Son's until February 2023. I rec'ed Such PEACE that passes all understanding regardless. Our Harvest will be here soon. For GOD Himself rebukes the devourer .Malachi 3:10-12,Luke 6
@@his4evr2c
Living on a pension with little to no money to spare is like watching this as a fictional movie for me.
Same
You can only pinch so much. This is an excellent way to control your money and watch it grow.
@@CarpeDiezNutz ik the feeling i have 9 children and 1 on the way and i just lost my job. i recommend doing the penny challenge it is LITERALLY saving spare change quick run thru (and cheap way to start ) get you a jar 😉 and a piece if notebook paper write #'s 1-200 or however high...i did 210. then every day put that much change in the jar... ie day 5 put .05 day 91 put .91 if u dont have it that day then wait till u do have it... u will end jp with a nice sum saved. i recommend taking time to roll them your self and going to stores like fas stations walmart even dollar gen and asking if u can change a few rolls of coins for dollars. u may surprise yourself how well it turns out
@@jamieramos8079 So is it safe to say that when you shop at Goodwill, and when you are ready to get your change back, the cashier asks you, "Would you like to round-up to the nearest dollar (by donating your change to their "mission") you say "no, thank you, I've got my own mission" like I do?
It is. It's an individual system. It's not going to work for 90% of people. For me... just taking 10% from my check and 15% from my husbands works. No pink notebook, no plastic cars things, not one pen involved. It's called a savings account and it happens without me having to sit at a table and make a video flipping unnecessarily through a tiny notebook to get to the last page. Lol my savings is protected, insured and every 6mths while having over 1k in savings.. I gain about 24 bucks. Didn't buy on single pink notebook either. Lol
Some people just don't get the concept of this. You don't HAVE to stuff this much money away. You can save pocket change, singles, five dollar bills. It doesn't have to be hundreds and fiftys. Start small!! I saved all my change for a year and it came out to be $430 at the start of the new year. Saving a little is still saving something!
I do the same and put in a jar. It's my back up to my back up stash if I'm cash strapped.
thanks, because I was thinking, who has this much money to put in encodes, but dollars or change, I can do that. thank you
@@annasbandit you just want an excuse to not save
@@annasbandit you save more money using cash and change
This is how I was able to buy my first house for down payment etc. Kept all change in coffee ☕️ can every day and some ones, made a 1 thru 31 file with envelopes ✉️ labeled for every bill . Made grocery list and stuck to it, but made weekly menus. No stopping for drinks or chips. Took water flavors and peanut butter crackers from home with fruit 🍎 It became fun seeing one hundred dollars grow to 150 to 200. It was a game and the stress was removed. If I had to go to some place I made a route and got rid of unnecessary trips. Budget included items also like household cleaning supplies etc but I looked out for sales. Before you know it I had quickly saved over 10,000. Comparative shopping etc even if on SSI or Disability or Food Stamps you can do this. Just have to structure a bit differently 😊😊
I got smart about money a few years back, I didn't do this method, but made real changes! And it was also so fun for me! watching my cash grow, my bank accounts grow, investments mature. The pleasure and excitement I got from the things I used to spend money on, was replaced with the pleasure and excitement I got from watching my money grow! it's still a game! I give myself saving goals and dates and when I reach them I get such a rush of satisfaction! it also makes work so much more enjoyable when I can literally count each day and hour as a monetary figure knowing that by day's end I am that much closer to the goal!!!
@@CiGiDancer Exactly. It is so much fun seeing all the frivolous spending turn into savings and see how much you can do without. Lol. I loved watching my savings grow. My dad always said, “ having this nest egg will relieve so much stress” and he was right. Glad you have such a positive outlook and experience. 😀
I can’t do this bc I’m broke before my paycheck comes.
SAME!!!! 🙄🤦🏼♀️😆
Start with 5$
Mentally does matter. You have to take charge of your money not the reverse. Once you earn it You own it! It doesn't Own you! 🙂❤️
If you keep having that attitude about money you will keep having that reality with your money
Start with a lower amount. Even if it’s a dollar.
Does this kit come with the money in it?! 😂😂😂
🤣🤣🤣🤣
Yeah..a "starter package"
If it does, I'll order 2! Lol!
AHAHAHAHAHAHAHA AHAHAHAHAHAHAHA
I still am having a hard time grasping how you do all this if you live paycheck to paycheck....I will keep watching and see if I can learn the trick. Lol
I’ve been wondering the same thing!
She has residual income and makes a healthy amount per month. This may not be as realistic for those on a fixed income. I suggest starting small.
Me too🤷🏾♀️
@@t.johnson6707 Bingo
Try starting out with a $1 or $5 savings challenge!
Watching this shit makes me realize I can do this and I just have to put my own mind to it and fight off the intrusive thoughts.
This is how my husband and I paid for our wedding, we had tins though. Each tin had a vendor on it, I fed them every 2 weeks. In 3 years we paid £21,000. We wanted to start our life together debt free. I still do this for Xmas, holidays. The good thing is, you cannot open these tins unless you cut them open. Stops me picking out little bits at a time.
I was charging and maxed out all my credit cards now I’ve paid them all off except for one I did it by taking all of my credit cards out of my wallet so I don’t get tempted to go shopping for unnecessary things now I use my debit card instead I don’t have that much money in it so I think twice of what I need to buy instead of what I want now I’m almost debt free no more nagging creditors up my ass no more credit card bills depressing me every time I open my mail box I feel the burden has lifted off my shoulders
Facts seeing your money makes it real, tangible, valuable, keep it in the bank makes it less than
I’m sure that works for a lot of folks. They need to see and feel their money to stay on their spending plan. Bless the folks that have the ability to maintain a cash system. I’m a digital budgeter. I consult my budget before every purchase to ensure I’m within my means. I also don’t wander shop to entice me (although I’ve learned to say, “I can’t afford that…now.”).
I love how organized u are! Thank you for the inspiration! I enjoy all ur videos. ❤️🥂
I was like uhh that’s not the correct numbers but I see your stuffing more then needed so at the end you’ll have more than anticipated 🎉🎉
What exactly are you doing?
I know I'm missing something.......besides the money
Yeah, I don't get it, either.
Could somebody educatecus?
Yes, what exactly?
Saving more than what the envelope number calls for so it’s a mystery in how much you have saved. 😬 She only knows it will be more than $5000.
I’d feel uncomfortable with a ton of cash like that. I just send a certain amount of money from each paycheck to a savings account I never use so the money doesn’t get touched.
I made sure that I didn't get an atm card for my savings account so it was more difficult for me to obtain cash from it. It helped a lot.
Save money, starts here. If you want to do it then learn self discipline. You can buy 500 card sleeves on Amazon for $12.49 and sell them for $250.00. That's how she's making so much money.
Instead of counting my pockets get out there and hustle for yourself 🙄
My dad started doing this as a teenager and it continued through his adult like. I can still see him doing this.
I started and I hope I can complete the challenge 😂 wish me luck y’all
good luck! 👍🏽
Best of luck!!
After watching it again. I guess it’s about you just filling up 100 envelopes, regardless of the amount. But what kind paycheck to paycheck job is she working tho? 😮 That’s a whole lot of bread lil hustla’ 😂😊❤
Thats exactly right. She must have a big pay check to be able to to that.
She has like 5, or 8, side hustles. I just watched her do her budget in an older video. Over 5k a month BUT she works her ass off. She’s selling these planners and does VERY well off of that.
OK I am so confused wtf is going on here
I’m doing a challenge and there are times I want to just go in it but seeing videos like this makes me want to keep going and make it to the finish line 😊
I love watching your videos. I'm doing the 50 envelope challenge
This tricks gave me a headache🤣🤣🤣
For me, bank and investment is the safe way to put your money.🤷♀️
Or you could save some money not buying binders and all, buy writing 1 to 100 on a piece of paper, then cross out a number and place $ all in one big envelope. lol.
That's why God invented banks.
Totally lost... Wtf is going on?🤨😐
I assume you're saving. I hope you have a strong safe if you keep this much cash at home. Stay safe.🌹
She rounds up. And for the 80s and 90s she puts a hundred to save to extra cash
Normally you put the amount of money that the envelope says
Still doesn’t answer the question…”What is the purpose of this”, if it’s for saving purposes…then just open a seperate bank account with limited withdrawal options!?! 🤔🤗
@@mySergeology007 oh I see. I think for some people it works that way but for others. Like myself it’s easier and more set when having the money in hand rather than in an account
@@esmeraldavega7489 thank you for replying, I see these videos and often wonder why and for what purpose. I can understand the logic of it though. Happy saving!!!
I stuffed my first three envelopes last week!!! # 43 #13 #26
I used one of the random draw apps to obtain my numbers.
I would like to know where I can get one of the clutches, I like it!!
What's going on I thought it said $100 challenge...why they put $40 in two different numbered baggies and than a $100 bill in the 3rd one?
This may work for you an others but not everyone has the money
I didnt say you HAD to do it 😂
@@Baddiesandbudgets she didn't say you did... she simply made a statement that everybody ain't able... why not spread encouraging words like maybe one day you will or something positive that could be helpful? like damn...
I said what I said. Everything aint for everybody. And that's okay. Please move on with the fake positivity.
@@BizzzyBee she didn’t jump on here with a nice comment either. Maybe had she said “I don’t make that much right now, where is a good place to start?” She might have gotten a proper response. And what she also doesn’t care to realize is other people DO make this money and the video was made for those who want to do what it takes to save.
Yeah, especially putting in the $100. When we needed to save up fir something like car repair or new appliance, we sold things we no longer were using regular and we put ever $1 into a jar along with coin change. If it was a larger amount needed we put in $5 and we went on a No Buy time until we had what was needed. We only use cash or old fashioned checks. Yes stores and businesses still take checks. 😜
That's the worst thing to do is use credit. People always think they'll pay it off, but it seems to just keep adding up. That's how the banks make billions!
The people doing this obviously don't understand the concept of compounding interest.
I love the saving challenge box with the 100 envelopes
How does this work? I see a 38 envelope and you put $40 then I seen a 86 on a envelope and you added $100??? I’m so lost. Can someone help me understand what she’s doing please
She is rounding up.
Hi Liz, I just saw this video but a friend told me few weeks ago how this work. her bill is $38 she put extra cuz if her bill change he has a wiggle room 2nd that extra money goes to your next months bill try to put extra when you can. I hope that helps. I need to start doing this cuz if I used my credit card I would buy more stuff that I might not need. I just got hired on a job the pays every end of the month. I haven't had that situation before I get paid either every week or every 2 weeks and it is easy to budget right? Now I have to do this method so I'm not broke before I get my next paycheck and maybe you can do a side hustle I hope that helps good luck to us!!!😁😊😍
@@lilynormp Hello, thank you for taking the time in answering my question. It totally makes sense now. And about your job congratulations and you got this girl 💪 good luck
@@lilynormp
@@lilynormp but she already has money put away inside the little binder for next months bills 🤔
I literally binge your videos lol. Out of everyone that does this I just rather watch yours. Also will start saving this way myself
Is she chewing gum?
Yes she is
I could do this only if I can use coins.. Pay check to Pay check is a struggle for us right now.. WITH THAT SAID, You are a true inspiration and your organization is so awsome. Have a blessed day GOD LOVE YOU..
When you got so much money you can play games with it. 😩
When I was on disability there was no way I could do this. I have a good job now and a 401k that I can't quite afford to max out. I don't see a purpose for this unless that money is going into a high interest savings account.
My problem is, if it’s in my bank acct I spend it. So I bought one of those money binders and when I get paid I pull out some of what I have left after bills are paid, and put it in the binder. Any cash gifts I receive.. goes in the binder. Less tempted to spend when it’s not available to me when I’m out and about.
I mean……..how much money do you make girl???? Geesh!!! All these videos with all this money. I’m one jelly biotch over here watching this. Dayuuuuum!!!
I love watching these videos! But I’m also lost. How do you start this and how do you maintain it?
Are you rounding up to have a bigger ending total?
Yes ma’am
Starting in Feb im putting a dollar a day away and at the end of the month match it
So now everyone knows that you don't use banks.
I use banks 😂
Thus so worked for me I love it already on 2023 challenge starting December ❤
that just too much work, I barely have enough time to organize my home let alone any cash I have saved
Hi how can I purchase the laminated 100 challenge card?
www.baddiesandbudgets.com
I like it, and I'm here for it. I went to your website to get a simple starter kit, but I couldn't afford it. I ended up printing some envelopes from home.
Sounds great!
How would this help if a person is on disability/social security? They only get benefits monthly.
Start by doing envelopes 1-20 or 1-50, you can just pick one envelope a week to start with you dont have to pick 2. 👍🏾
Just get some envelopes instead of spending 81 bucks on this one to begin with
Where did you get your little envelopes your using in this video? I use a mini and these would be perfect. Love your shorts videos
Dam who be stealing from you that it came to this🤣
You must make way more than I do.
I don't understand these challenges is it to save money or not overspend?
It's about saving money before you spend it.
The average human treats their money differently when it's in cash money versus debit card/piece of plastic.
(Ever wonder why all the casinos have switched to having plastic cards?)
Anyhow doing a savings challenge like the poster is helps people save for a big goal like a car or Christmas presents or vacation etc.
If you have limited funds you can also do a smaller goal like save up for a spa day.
Everybody's dreams are different.
How did you start this challenge? Or saving this way? I can’t seem to make enough money to save, did you start small first?
I started about 16 months ago and I was making $1,200/month. It definitely hasn’t always been this sweet. I used the cash envelope method to pull myself out of a slump and get my finance on track
Imagine saving all your money to the point where you wana spend it big then the irs get on your ass. Lol
Imagine being so ignorant to assume I'm afraid of the IRS. lmao. Its giving... racista
How do you know how much to put on each pouch? Where did you find the kit
Need to put all that cash in a fire safe, Safe. I do this for certain things but definitely keep it safe from 🔥
This just seems like a waste of money and time and also risky to have all this cash in one location. It is more financially logical to put this in a high yield savings or to invest it in an index fund. Cash gets cheaper the longer u hold it. This seems more like a hobby than a practical saving strategy.
What is the best way to start this?
How does this system works?? Can you explain??
How exactly does this work?
how often you put money in every week?
What if someone steals those envelopes?
She round up that's good idea
And this is why you’re going to be broke come retirement. Put it in a 401K or high-yield fund. Compound interest is a thing.
😂😂 you know what they say about assumptions
How is it possible to save with this inflation?? It’s ridiculous!!!
What exactly is the challenge?
Keep up the hard work
i’m a new mom in march and would love to start doing this but we live paycheck to paycheck, this lady cannot say she does with all of that i’m sorry LOL. mentality matters but she is straight up lying and i cannot stand it, also her books she always tries to get you to buy are $50 each. shame
Where did you get that cute little envelope bags thingy ? O.O I want to get one
Where do u get ur clear envelopes
I’m confused. Some you put $40 in, some you put a $100 in. But if the challenge is the $100 challenge, then doesn’t that mean each envelope is suppose to have $100 in them? I am beyond confused off this challenge, but I’m in love with the binder purse. Is that on the same site as the link up top? F the challenge at this point, I want the accessories 😂❤
Get 100 envelopes, write numbers on each 1-100, each week pick two envelopes e.g 5 and 46, add the amount of money and mark off on your card until all envelopes are filled, adds up to £5050 or $5050 depending on what currency you are using. 👍🏾
Seems like a lot of work just put it in a safe and just add on each time.
I don't get it... how do you start up??
Get 100 envelopes, write numbers on each 1-100, each week pick two envelopes e.g 5 and 46, add the amount of money and mark off on your card until all envelopes are filled, adds up to £5050 or $5050 depending on what currency you are using. 👍🏾
I need one of those to manage savings ect
Where are you from buy this binder please tell me
Whyd you put 40 in the 100 envelope ones?? I saw 2 of them you only put 40 but not 100 when it said it was for the 100 envelope but only 1 of the 100's i the 100 envelope thingy? Idgi
I think she's making that money from selling all these little clear envelope kits on her website!🙄
Where can I find those envelopes at please send me the I fo please I'm in of financial help I've been trying to budget my money but it hasn't been easy I'm glad somebody figured it out
I'm trying to do this where do I purchus
You clwar little envelopes are so cool! Where can I get some, please?
I'm so confused...oh gotcha.. I went to the link and read the description.
I know how to save money except I ain't got none. But I don't understand this🧐. Do you save a dollar for each number as in #4=4 bux, #13=13 bux #37=37 vux and so forth?
What are the plastic envelopes?
I don't understand the concept. Can someone explain? The numbers sketching mean what? N the small pouches with numbers, but the bill put in different amount. What is happening?
Also, if possible save the amount listed on your supermarket receipts as, "You Saved This Amt on Your Grocery This Week" add that amount to your savings if possible. Otherwise are you really saving it?
Wow, if I had spare bills just stacked up on my dressers I'd be doing the same thing, smdh, not all of us are wealthy, common.
Does this compound interest daily?
I did this challenge, it wasn't that bad. I am going to try another challenge
How much do you make bc even with my two incomes, I’m barely making ends meet!
Con la porquería que cobro no puedo ahorrar mi amor. Siempre debo y se me va en deudas y gastos😢
Someone pls explain what the 100 Envelope is? I’m lost. What determines how much cash she puts in each plastic sleeve? And what’s the money used for?
brilliant
why every time i come across one of these videos there's zero context? it's so frustrating. i go to the comments to see if someone has explained but everyone's jus commenting as if they already know what's up.
lucky them. LOL
100 envelope challenge
100 envelopes labeled 1-100
Meant to be completed in 100 days
Total at the end of you add exact amounts $5,050
I could do this for a month, BUT we'd have no electric, water, gas, phones or food...lol
That money is not earning any interest sitting in a plastic bag.
K
@@Baddiesandbudgets missing out on those 13 pennies per year the bank gives you
I could do this but I would still invest in a safety deposit box at a bank to keep it in.
Wish I had that kind of money to do that.