How is it going now? Unfortunately after 2 years at my job i got sacked a few weeks ago with only $100 left from my check (yeah i spent RECKLESS and I’ve had many jobs. Saving was hard 😭) but i got hired at a new job today and i WANT/NEED to save money ASAP. I’m tired of living at home omfg. I know i can do it if i really stick to my guns but i can deal with 3 months.
@@havingteawiththedevil My advice is for you to stay with parents /home as long as you can while you save. Tell your family you want to save money for a house down payment. I think your family would support you. I had a client whose brother came to the US from Asia. He worked as an orderly in those old homes and in three years saved enough money to put a down payment for a home. He lived with his brother paying a small rent. Then another brother came and went to work at first at a restaurant then then as an orderly. he also stayed with his brother for 2-3 months but he saved a little money and bought an old fan. he then lived in that van while working 60-80 hours a week. He saved $46,000 in a year.
I went through 45 years saying that the most cash I ever had was $3700.00. But as the beginning of 2022 I'm saving $500.00 a month. and Right now, I'm glad to say I have $7,880.00 so far saved up.
Hats off to you sir. I’m 32 and I have lived paycheck to paycheck my whole life lol. I am going to start saving also. I was thinking 500 a month at first also but this video has me wanting to try this. Not sure if I have enough to do it but I am going to try. Keep up the great work man.
>This is a very interesting and informative video. Are you someone who reads as much as possible about potential investments and asks questions about them? If so, maybe you don't need investment advice. However, if you are busy with work, children, or other responsibilities, or if you feel that you are not knowledgeable enough to invest on your own, seek professional investment advice.
< To be successful, you must overcome your fears. Some people fear failure; others fear success. Many are afraid of making the wrong decision and do not make any. It's tempting to think that you can always start tomorrow, but the real failure is never having tried.>>
Speaking of financial freedom, I've been thinking about it a lot and the best option is to invest more because I don't think you can get very far depending on a single source of income. Investing can be intimidating for many people because there are so many options and it can be difficult to determine which investments are the right ones. I would like a recommendation if you have any?
>I learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $80k more into the market. I heard people are making really great returns despite the downturn. Any recommendations??? 🙏
My husband and I started this a few weeks ago. We numbered our envelopes 10-110. We shuffled them and pull 2 each on our paydays. We also created a bonus envelope for times we come across extra cash. Hoping to use the funds to put towards our first home.
My husband and I did a money saving challenge. We used the money to pay off our 5 year car loan 3 years early. The rest we used for the down-payment on our home. We saved over 20 thousand, we did a 5 thousand challenge but double up on whatever they asked to put away.
you can also do this challange based on when you get paid as opposed to daily. So it will take longer but you save from each paycheck instead of everyday
I have been doing a savings plan, where I save 100 notes of every money denomination. So 100 notes of the ones, 100 notes of the fives and so on. By the time you collect 100 of every denomination you'll wind up with $18,600. I just started and all I have so far is 100 notes of the ones, and 100 notes of the Fives and started on the tens. Then once I accumulated 100 notes of a particular denomination, I'll put a money label around it. Can't wait to save. It's addictive.
I'm starting this challenge in the new year with a few little tweaks. I'm going to spread it out over the course of the year so every 3 days rather than every day.
Congratulations!!! I’m at 79k as of today, started with 10k at the end of March this year . I’m truly happy for you! Continue crushing it my friend. 🥂🥂🍾🍾🍾🍾💰💰💰.
I thought I was the only one that had contacted Mr Tobias when he talked a lot about him, I snapped on the opportunity and contacted Tobias too, that’s why I’m on a huge portfolio
I just began this challenge this month. I already save $200 a month, goes into emergency savings, but decided to try this to build up a down payment. Hope it works out. I decided to go the 1-100 and put money into X envelope every four days. Tip; get a calendar and write the envelope days down. Helps you keep track and stay motivated.
I did something similar to this. I wrote down the number of weeks in a year. I was waitressing at the time. Depending on what I made, I'd check off what I put aside. Did this for about 6 months. I was able to save enough to pay for a new used car, title, tags, new tires, gave it a tune up, tented windows and still had a few thousands $$ left. I did have to displine myself as like to spend money 😉😉 I managed it. It was easier since I was waitress. If I made 100 $ if I didn't need gas or cigarettes I'd put in most of it and kept at least 20 $. Did this twice and second time bought a truck. Then I stopped.
I will do this starting on Monday. I also think I may pull the envelopes out randomly. So the first day may be $100 lol. Being a part time Uber Eats deliverer it should be doable. And I could do extra hours to make sure I get whatever amount I need for that day.
I cant do the 100 envelope challenged because I am on a very tight fix budget but I decided that if I did it as a month to month challenged for example day one is one dollar and day 31 is $31.00 but when the next month hit I start back at day one is one dollar. Do this for the whole year I can save as much as the 100 day challenged. And for someone who doesn't make a great amount of money I find it would be easier to collect smaller amount over bigger amount of money.
In Jamaica it’s called a partner or pardna where people come Together in a group and give their part of the group savings. I believe for Haitians it’s called a Susu
@@leahmcdermott4189 lolol.. its pretty simple.. there's a group of people who contribute money depending on the amount of people that determines your pay out.. let's say 10 people contribute 1000 per month you multiple 10×1000. it means the partna will end in 10 months each individual will get 10k as 10x1000 is 10k. the individual chooses when they want their money during that 10 month period
Just ran across your videos today and watched a few. I am starting the 100 envelope challenge today. I won't be able to do it in 100 days, but I'm not stressing. When I get finished with it I'm buying me a reliable used vehicle. I take public transport currently.
I never thought of doing this game but I’ll try it out for investing. I wanna see if I can afford the 100 day challenge but I can twist it up like a 30 day, etc. thanks for the content! 🔥
Omg I was about to buy some envelopes and then you said do the challenge on your debt and it made so much sense 😅 I could knock out my credit card easy
I did something similar to this 2 years ago, and I was able to pay my Spring semester of college! I used 4-5 envelopes and labeled them by my expenses.
I actually just started this at the beginning of January. Def plan on doing it throughout the year and direct it towards loans. Think its a great idea and that discipline would benefit other aspects of life. let's do it guys!
I'm starting this tomorrow Ive been making lots of money over the years and have nothing to show for it.....this method your explaining how to save and also develop positive habits sounds like a challenge I'm interested in....im actually feeling inspired to challenge myself !
I just recently started doing something similar to this. The only difference is I did 52 envelopes and did them over a year. Next year in January, I will do 104 envelopes for each weekend day. The money I save will go into an emergency fund.
I high key would recommend a safe to put the envelopes in . I’m doing it now but only thing is I’m not doing 100 envelopes it’s less. But if you place your envelopes there it’s out of sight, out of mind. That’s best the option for me.
Just do 110 and that will get you an extra grand in 10 days. And maybe he'll see it's a little harder to do the bigger money, and if it's successful, then you can keep going!
For people that are trying to take savings advice from a person that has 388 k subs. This you tuber don’t know anything about life and how it is to become poor and have the live through poor times you can’t save $596 on an average income of a poor person person
When I had my son 3 years ago I had 18k and a great job. Now that Ive lost my job and exhausted my savings I am back at 0. I plan on restarting soon. I definitely plan on trying this for sure.
It's all in how you want to play it. I usually take all my cash tips for the week or if I spent cash, whatever change I have leftover and find that envelope and deposit it. I don't think it matters how you get there, as long as you get there
I'm only 6 mins in and idk if anyone mentioned it yet. But what if you went backwards?? I may be missing something. But what if you started at 100. And work your way to the easy days? I love Bryson's idea still but I was just wondering if anyone would find that maybe easier for them if they are impatient. IM DEFINITELY GONNA TRY IT BUYING THE EXPENSIVE DAYS LIKE BRY MENTIONED.
I have done this challenge twice and sure you can do it in reverse OR like I do if I have $200 I will fill about 5 -7 envelopes totaling $200...there is no wrong way to save; do it however makes sense and work for you. I will be doing the challenge all through 2022
Definitely think doing this couldn't really hurt anything right? Last year I started randomly saving every $1 and $5 bill I came across and stuffed them in an envelope. I have no idea how much is even in there now but it's a lot since I had to add more envelopes and stick them all in a box. This is on top of the auto deduction to both of our savings accounts.
Great idea and vid … just making sure I understand this.. you have one hundred envelopes but each envelope is labeled $1, $2, $3,$4 and so on thru $100 and when you have extra money 💰 you place that dollar amount in the labeled envelope right? Or do you mean each day you have to find that dollar amount each day for that envelope number ? So lets say its day 5 then I have to Get $5 to put in there followed by $6 on day 6.. I am thinking 🤔 of two ways this works so just want to make sure i get this way cool idea right. Thanks !
You’re right on both ways. First way doing it continuously each day, gets you to the goal in exactly 100 days. The other way of when you have extra money, will take a little longer
@@TommyBryson Thank you. I think it’s a great thing . Even if you can’t do it daily just stashing it when you can will make you watch your money better because cash is harder to give up. New sub thx
I'm gonna pay off debt. Then I'm gonna help my daughter get a leg up on her debt. It's gonna be a long three months. I go for my visit in May and it'll be nice to help her for mother's day. And Audessa if you're reading this, I love you🥰
I’m going to start this as soon as I get my envelopes set up(next day or so) Once I hit 30 days of envelopes I’m going to fill as many of the large envelopes I can and repeat every 30 days. Once I reach the 100 days I’m going to max out our Roth IRA’s. Thanks!!
I will give it a try...buuut is it POSSIBLE to start a smaller envelope challenge...sayyy instead of 100 days...50 days..its not perfect...but if 100 days gives you 5k or so...then 50 would give a little over 2500...n ONCE you've built mental habit...then 100 days will be easier...well just a thought n what I'd do on a low income budget...
Personally I like consistency. I put away $20 every week. I get paid weekly and end up with $1200 a year + each year. I do this for Christmas so I don’t have a huge bill in January. It works for me and doesn’t break the back. 😊 Your method is faster and certainly worth trying. Wish me luck!
I wanna do 200 envelope but I get made every Friday, I wanna put back a $100 every week and save $20k. You think it could happen in them 200 envelope? Somebody talk to me.
I don’t think that 3 months and 9 days is a long time to save and create good financial habits. I’m doing this to pay my debts and help daughter in college and to save for emergencies starting today! And I’ll be beefing up my savings for emergencies! I’ll be cutting my debt, and saving and I’ll keep it going. Thanks for this video! You are awesome! Don’t stop the process! Do what you can!
What do you think about the checklists that let you choose the amount for the day? End goal is the same but each day you pick a random # and save that. So if you only have $2 on day 30 and haven’t crossed that off, it’s what you save.
I’m very happy to have come across this video. I am closer to retirement than not and have a six figure student loan. This method (and your “twist”) inspires me. So yes, I will be giving this a go. I feel that this is a great way to pay down this debt faster. Thank you for sharing your thoughts.
@@temujinkhan6326 many GenXers were able to start careers without degrees and then in our early 30’s were told we needed them to do the same jobs we’d done a decade or more without them. And if employers didn’t provide tuition assistance or you didn’t want to commit the next 5 years to them, you almost had to take out loans. 🤷🏻♀️
I will be doing the 100 envelopes but I'm 50/50...so numbered 1-50 two times for a total of 100 envelopes due to being on Low Income.. excited to see the progress this year 😀😀😀
To have $5,000 at the end of 100 days you have to put $50 or more per day into the envelopes. But you say on day one you put $1 on day two you put $2 in what happens when day 20 comes and someone doesn't have $20 to put into the envelope? This is stupid
Great advice. The prop money threw me off. Maybe switch it up, with the paying down the debt and suggest using the prop money as a visual|stuff envelopes ✉️ with the prop money. Again, great video nonetheless!
I always wanted to do this challenge but I’m not a cash spender nor work in an industry that would pay cash so it would be a hassle to go to the ATM everyday. But I do love your idea of just paying off the card everyday!
Looked at other saving plans on you tube and I love it. Shared with my son n daughter. Starting today. I love idea getting big numbers out of way whenever possible n doing smaller numbers on days when have less. Thank you.
So, are you saying to get a side or second job? Because idk if there are days or weeks when people could put 80 to 100 dollars a day in an envelope. They need that money to live. I think I could do it, but I'd have to be super strategic.
Thank you young man 😊I’m going to take this challenge and use it to pay off my credit cards. So happy I found this. I love a good challenge and this is great. New subbie 😊
I will for sure do it . I am also starting a $1 a day challenge for the year and I just started my budget planner that has helped me out so much on what money I have left so that left over money would go for my challenges and my vacation challenged
I am going to do the challenge but my budget wont allow me to do it in 100 days so I am going after it as fast as I can. The money will be a down payment on a new to me car after my student loans are paid off (I am due for TEPSLF in November 2022). I intend to do it yearly for a different goal each year, after I get my car the goal will be to go to Sturgis :)
Love this! I was wondering if this 100 envelope concept could be done with trying to get healthier by walking so that you can enjoy whatever you are saving for?
Absolutely.Walk 20 minutes the first day, then keep adding 2 mins. 1500 mins(25 hrs) in 30 days .At whichever point it will be enough then you can repeat from 20 or maintain. You get very fit doing this.
You explained this so well. I'm glad I found you. I'm 59 and NEVER saved but want to buy a home and pay off it off early and the car I just had to buy. I didn't know how this challenge worked, so thanks!!
Yes, I will be doing the challenge. But I’m going to start by tripling the challenge. So for example first day three dollars, second day six dollars and so on and so forth 💴 by the way I love your pay off debt idea.
I made it and I will do this challenge. I’m trying to continue to work on my love of painting and invest in myself, i.e. tattoos, sneaker customization and pop art 🖼. Wishing everyone success in doing this method and be able to use their abundance to “their hearts” desire!
I think that it's whatever you choose to do with it it can be day by day or week by week or bi-weekly or it can be monthly as long as you do it consistently.
You can just do it with a bank account and just send money over their and just use the envelopes to remind yourself. But I use to keep it in a fire proof bag
Just started the challenge today 🥰I cant wait to pay off the rest of my small debts and start my investment account... so glad I found your channel It's onward and ioward from here thank you so much
If you are a tipped employee this is amazing to do and for me if I have 80 bucks in 20s and I pull a 78 I'm just going to put it in there... btw I'm Russian rouletting it lol
remember you are taking 100 envelopes and numbering them 1-100 and whatever amount is on the envelope, you put that amount IN the envelope and move on to the next envelope. The envelope numbered 1 gets $1 put in it envelope numbered 34 gets $34, etc
A shit ton. 80, I think. Cause you will need it for every x1, x2 x3,x4, x6, x7, x8, x9, for every stage of numbers, 1, 11, 21, 31, 41, 51, 61, 71, 81, 91.
That’s not what a “San” is. It’s a collective of people putting in the same amount of money and each time everyone makes a payment 1 members gets the lump sum and they take turns getting the lump sum. The problem with this is that you have to get a certain amount of people who are very responsible. But the good part is that it’s technically saving your own money and getting it either up front or scheduling your turn to receive the lump sum when you’ll need it and then you just keep making minimal payments towards it.
I am 21 years old and started this challenge 3 days ago. I’m working towards saving enough to rent my own apartment 🤗😊
How is it going now? Unfortunately after 2 years at my job i got sacked a few weeks ago with only $100 left from my check (yeah i spent RECKLESS and I’ve had many jobs. Saving was hard 😭) but i got hired at a new job today and i WANT/NEED to save money ASAP. I’m tired of living at home omfg. I know i can do it if i really stick to my guns but i can deal with 3 months.
Sameee! I’m lucky enough to make more than ppl my age usually do so hopefully it works out.
@@havingteawiththedevil My advice is for you to stay with parents /home as long as you can while you save. Tell your family you want to save money for a house down payment. I think your family would support you. I had a client whose brother came to the US from Asia. He worked as an orderly in those old homes and in three years saved enough money to put a down payment for a home. He lived with his brother paying a small rent. Then another brother came and went to work at first at a restaurant then then as an orderly. he also stayed with his brother for 2-3 months but he saved a little money and bought an old fan. he then lived in that van while working 60-80 hours a week. He saved $46,000 in a year.
That’s so awesome. Good for you. Wish you the best. ✨
I was 19 when I got my own place didn’t have to save when you have a job
I went through 45 years saying that the most cash I ever had was $3700.00. But as the beginning of 2022 I'm saving $500.00 a month. and Right now, I'm glad to say I have $7,880.00 so far saved up.
Hats off to you sir. I’m 32 and I have lived paycheck to paycheck my whole life lol. I am going to start saving also. I was thinking 500 a month at first also but this video has me wanting to try this. Not sure if I have enough to do it but I am going to try. Keep up the great work man.
@@travis4308 where did you guys spend all of your money if I may ask?
@@javiercastillo905 to satisfaction for the moment even though you know what you truly want in the long run
Congrats !!!! Keep going !
@@refreshedandrestored913 hell yeah in in the same boat I just keep wasting my damn money
>This is a very interesting and informative video.
Are you someone who reads as much as possible about potential investments and asks questions about them? If so, maybe you don't need investment advice. However, if you are busy with work, children, or other responsibilities, or if you feel that you are not knowledgeable enough to invest on your own, seek professional investment advice.
>
< To be successful, you must overcome your fears. Some people fear failure; others fear success. Many are afraid of making the wrong decision and do not make any. It's tempting to think that you can always start tomorrow, but the real failure is never having tried.>>
Speaking of financial freedom, I've been thinking about it a lot and the best option is to invest more because I don't think you can get very far depending on a single source of income.
Investing can be intimidating for many people because there are so many options and it can be difficult to determine which investments are the right ones. I would like a recommendation if you have any?
>I learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $80k more into the market. I heard people are making really great returns despite the downturn. Any recommendations???
🙏
My husband and I started this a few weeks ago. We numbered our envelopes 10-110. We shuffled them and pull 2 each on our paydays. We also created a bonus envelope for times we come across extra cash. Hoping to use the funds to put towards our first home.
How long will it take to complete ?
@@bigbaggs1989 about 6 months
Thanks for sharing!! I like the idea of starting at 10-110. I’m going to do this challenge!!
I want to start this and shuffling the envelopes is such a good idea.
that seems like an easier way...great job
My husband and I did a money saving challenge. We used the money to pay off our 5 year car loan 3 years early. The rest we used for the down-payment on our home. We saved over 20 thousand, we did a 5 thousand challenge but double up on whatever they asked to put away.
That’s awesome !! Good work, now same mission but to pay the house off early and get started on investing
@@TommyBryson yes, that’s our next goal to pay off our house early. I love your videos by the way.
Wow! I’m glad to hear that it worked!!! 🥳🥳🥳
That’s awesome, can’t wait to get through this first challenge so we can do the double
Thats a good idea to double up cause my husband and I are trying to buy a home next year. I'm going to do this.
you can also do this challange based on when you get paid as opposed to daily. So it will take longer but you save from each paycheck instead of everyday
I have been doing a savings plan, where I save 100 notes of every money denomination. So 100 notes
of the ones, 100 notes of the fives and so on. By the time you collect 100 of every denomination
you'll wind up with $18,600. I just started and all I have so far is 100 notes of the ones, and
100 notes of the Fives and started on the tens. Then once I accumulated 100 notes of a particular
denomination, I'll put a money label around it. Can't wait to save. It's addictive.
Wow 😳. That's a great idea 💡
I'm starting this challenge in the new year with a few little tweaks. I'm going to spread it out over the course of the year so every 3 days rather than every day.
Hit 120k today, Thank you for all the knowledge and nuggets you had thrown my way over the last months . Started with 14k in January 2021.🍾🍾🍾🍾🍾🍾💰💰💰
Congratulations!!! I’m at 79k as of today, started with 10k at the end of March this year . I’m truly happy for you! Continue crushing it my friend. 🥂🥂🍾🍾🍾🍾💰💰💰.
Cheers from 🇨🇦
No , he had talked about one Mr Tobias in his year old videos ,I got to Mr Tobias and he helped me achieve this .
I thought I was the only one that had contacted Mr Tobias when he talked a lot about him, I snapped on the opportunity and contacted Tobias too, that’s why I’m on a huge portfolio
I’ve heard Tobias trading before, I heard that his strategies are really good
I just began this challenge this month.
I already save $200 a month, goes into emergency savings, but decided to try this to build up a down payment. Hope it works out.
I decided to go the 1-100 and put money into X envelope every four days.
Tip; get a calendar and write the envelope days down. Helps you keep track and stay motivated.
I did something similar to this. I wrote down the number of weeks in a year. I was waitressing at the time. Depending on what I made, I'd check off what I put aside. Did this for about 6 months. I was able to save enough to pay for a new used car, title, tags, new tires, gave it a tune up, tented windows and still had a few thousands $$ left. I did have to displine myself as like to spend money 😉😉 I managed it. It was easier since I was waitress. If I made 100 $ if I didn't need gas or cigarettes I'd put in most of it and kept at least 20 $. Did this twice and second time bought a truck. Then I stopped.
This way of saving is great!!!! I did 10 envelops ($50-$950) I’ve saved $70k so far
Since when?
I will do this starting on Monday. I also think I may pull the envelopes out randomly. So the first day may be $100 lol. Being a part time Uber Eats deliverer it should be doable. And I could do extra hours to make sure I get whatever amount I need for that day.
I love this idea
thats how im going to do it 1 big envelope 1 medium lol
💡
I cant do the 100 envelope challenged because I am on a very tight fix budget but I decided that if I did it as a month to month challenged for example day one is one dollar and day 31 is $31.00 but when the next month hit I start back at day one is one dollar. Do this for the whole year I can save as much as the 100 day challenged. And for someone who doesn't make a great amount of money I find it would be easier to collect smaller amount over bigger amount of money.
It’s better than nothing. The important thing is always start from somewhere. Btw, how did it go?
I love this challenge. This is motivation to pay off my debt and get to my debt free goal. You sound like a Dave Ramsey fan😁. Love your mindset!!!❤️
Let’s get it and he has some good stuff
In Jamaica it’s called a partner or pardna where people come Together in a group and give their part of the group savings. I believe for Haitians it’s called a Susu
I’m Jamaican and my grandad used to use pardna to save money. No matter how many times he explained it, I never understood it 😭🤷🏾♀️
He should be of help
[danielryan466@gmail.com]
@@leahmcdermott4189 lolol.. its pretty simple.. there's a group of people who contribute money depending on the amount of people that determines your pay out.. let's say 10 people contribute 1000 per month you multiple 10×1000. it means the partna will end in 10 months each individual will get 10k as 10x1000 is 10k. the individual chooses when they want their money during that 10 month period
In America it's called a loome...doesn't work because people talk to much and put it all on social media....#epicfail
Just ran across your videos today and watched a few. I am starting the 100 envelope challenge today. I won't be able to do it in 100 days, but I'm not stressing. When I get finished with it I'm buying me a reliable used vehicle. I take public transport currently.
I started Nov 1. We got this!!!
Hope it worked out for you and you off the bus.
Get an electric scooter. Goes up to 20 miles
I never thought of doing this game but I’ll try it out for investing. I wanna see if I can afford the 100 day challenge but I can twist it up like a 30 day, etc. thanks for the content! 🔥
Omg I was about to buy some envelopes and then you said do the challenge on your debt and it made so much sense 😅 I could knock out my credit card easy
I did something similar to this 2 years ago, and I was able to pay my Spring semester of college! I used 4-5 envelopes and labeled them by my expenses.
Love this idea!!!! Label by expenses!!!
I actually just started this at the beginning of January. Def plan on doing it throughout the year and direct it towards loans. Think its a great idea and that discipline would benefit other aspects of life. let's do it guys!
Im starting with 50 envelopes. I will be pulling out two envelopes every time I get paid. I'm excited to try this.
I’m afraid it will turn me into a frugal mule and be buying ramen just to be able to save 😂 I need to tho
I'm starting this tomorrow
Ive been making lots of money over the years and have nothing to show for it.....this method your explaining how to save and also develop positive habits sounds like a challenge I'm interested in....im actually feeling inspired to challenge myself !
I just recently started doing something similar to this. The only difference is I did 52 envelopes and did them over a year. Next year in January, I will do 104 envelopes for each weekend day. The money I save will go into an emergency fund.
It took you a year to do just 50 envelopes 😮!!!
I high key would recommend a safe to put the envelopes in . I’m doing it now but only thing is I’m not doing 100 envelopes it’s less. But if you place your envelopes there it’s out of sight, out of mind. That’s best the option for me.
I started this challenge on Saturday. My husband wants to do 10k in 100 days but I told him we need to first build the habit.
Step by step
Just do 110 and that will get you an extra grand in 10 days. And maybe he'll see it's a little harder to do the bigger money, and if it's successful, then you can keep going!
@@calliew311 Oh snap, I didn't even thing about that.
141 days is 10000
it can be done
Me and my wife done 200 day chart each we made 40k 🎯 we doing another 200day chart again
That’s awesome
for how long?
For people that are trying to take savings advice from a person that has 388 k subs. This you tuber don’t know anything about life and how it is to become poor and have the live through poor times you can’t save $596 on an average income of a poor person person
When I had my son 3 years ago I had 18k and a great job. Now that Ive lost my job and exhausted my savings I am back at 0. I plan on restarting soon. I definitely plan on trying this for sure.
You got this you can do it.
That’s not how you do it. You label the envelopes the. You pick an envelope and you save that amount that you picked.
It's all in how you want to play it. I usually take all my cash tips for the week or if I spent cash, whatever change I have leftover and find that envelope and deposit it. I don't think it matters how you get there, as long as you get there
Great idea bro but I work a normal job. Can't afford to put money in everyday it would be impossible. I'll try a mini version of the challenge.
Go at your own pace as long as you're saving
I am doing the challenge but with a period of 1 1/2 year 😊 That‘s maybe 1 envelope per week
@@lindataing9791 That sounds good.
Ram_Infinite Modify it and pull one per month. That's what I am doing. I get done when I get done lol.
@@lindataing9791 That’s the same thing I’m doing. The daily deposits are a bit too much. I am putting 100 dollars in my envelope weekly though.
Definitely will be doing this challenge in 2022!
Just started today
I'm only 6 mins in and idk if anyone mentioned it yet. But what if you went backwards?? I may be missing something. But what if you started at 100. And work your way to the easy days? I love Bryson's idea still but I was just wondering if anyone would find that maybe easier for them if they are impatient. IM DEFINITELY GONNA TRY IT BUYING THE EXPENSIVE DAYS LIKE BRY MENTIONED.
I have done this challenge twice and sure you can do it in reverse OR like I do if I have $200 I will fill about 5 -7 envelopes totaling $200...there is no wrong way to save; do it however makes sense and work for you. I will be doing the challenge all through 2022
Great idea
I am going to use this to pay my car off in no Time!
Another great video Tommy👍🏽
Definitely think doing this couldn't really hurt anything right? Last year I started randomly saving every $1 and $5 bill I came across and stuffed them in an envelope. I have no idea how much is even in there now but it's a lot since I had to add more envelopes and stick them all in a box. This is on top of the auto deduction to both of our savings accounts.
I did the same thing and managed to save over 5,000
Put in an interest savings account and get your money's worth
Great idea and vid … just making sure I understand this.. you have one hundred envelopes but each envelope is labeled $1, $2, $3,$4 and so on thru $100 and when you have extra money 💰 you place that dollar amount in the labeled envelope right? Or do you mean each day you have to find that dollar amount each day for that envelope number ? So lets say its day 5 then I have to
Get $5 to put in there followed by $6 on day 6.. I am thinking 🤔 of two ways this works so just want to make sure i get this way cool idea right. Thanks !
You’re right on both ways. First way doing it continuously each day, gets you to the goal in exactly 100 days. The other way of when you have extra money, will take a little longer
@@TommyBryson Thank you. I think it’s a great thing . Even if you can’t do it daily just stashing it when you can will make you watch your money better because cash is harder to give up. New sub thx
You said every time you get paid then said every day that doesnt make sense to me
I'm gonna pay off debt. Then I'm gonna help my daughter get a leg up on her debt. It's gonna be a long three months. I go for my visit in May and it'll be nice to help her for mother's day. And Audessa if you're reading this, I love you🥰
Just make sure that she wants to be out of debt first and knows how to stay out of debt first, or it’ll be like fixing a leak with paper tape
@@TommyBryson Yes sir.
I’m going to start this as soon as I get my envelopes set up(next day or so)
Once I hit 30 days of envelopes I’m going to fill as many of the large envelopes I can and repeat every 30 days. Once I reach the 100 days I’m going to max out our Roth IRA’s. Thanks!!
I will give it a try...buuut is it POSSIBLE to start a smaller envelope challenge...sayyy instead of 100 days...50 days..its not perfect...but if 100 days gives you 5k or so...then 50 would give a little over 2500...n ONCE you've built mental habit...then 100 days will be easier...well just a thought n what I'd do on a low income budget...
Personally I like consistency. I put away $20 every week. I get paid weekly and end up with $1200 a year + each year. I do this for Christmas so I don’t have a huge bill in January. It works for me and doesn’t break the back. 😊 Your method is faster and certainly worth trying. Wish me luck!
I wanna do 200 envelope but I get made every Friday, I wanna put back a $100 every week and save $20k. You think it could happen in them 200 envelope? Somebody talk to me.
I love this I’m gonna start oct.
Bro we starting together
Hows it goong rn??
I don’t think that 3 months and 9 days is a long time to save and create good financial habits. I’m doing this to pay my debts and help daughter in college and to save for emergencies starting today! And I’ll be beefing up my savings for emergencies! I’ll be cutting my debt, and saving and I’ll keep it going. Thanks for this video! You are awesome! Don’t stop the process! Do what you can!
What do you think about the checklists that let you choose the amount for the day? End goal is the same but each day you pick a random # and save that. So if you only have $2 on day 30 and haven’t crossed that off, it’s what you save.
I get paid bi weekly so how would I pay every day when I run out an I have to wait another 2 weeks do it just skip those days until I get the check
I’m very happy to have come across this video. I am closer to retirement than not and have a six figure student loan. This method (and your “twist”) inspires me. So yes, I will be giving this a go. I feel that this is a great way to pay down this debt faster. Thank you for sharing your thoughts.
almost retired and still paying student loan? Sounds like your college education was a waste of time.
@@temujinkhan6326 many GenXers were able to start careers without degrees and then in our early 30’s were told we needed them to do the same jobs we’d done a decade or more without them. And if employers didn’t provide tuition assistance or you didn’t want to commit the next 5 years to them, you almost had to take out loans. 🤷🏻♀️
@@temujinkhan6326 sounds like you’ve been living under a rock. The commenter’s situation is extremely common.
omg i am in the same boat. as soon as we complete the first 100 day challenge we are gonna tackle my student debt that is also six figures!!!
Take every instance of the word basically out of this video and basically you've basically got basically a one minute basically video basically.
Thank you so much for this video! I have been so confused with other videos. You broke it down perfectly. I am starting this Friday.
I will be doing the 100 envelopes but I'm 50/50...so numbered 1-50 two times for a total of 100 envelopes due to being on Low Income.. excited to see the progress this year 😀😀😀
Love this idea
To have $5,000 at the end of 100 days you have to put $50 or more per day into the envelopes. But you say on day one you put $1 on day two you put $2 in what happens when day 20 comes and someone doesn't have $20 to put into the envelope? This is stupid
My husband and I are doing this but we tweaked it to 3 envelopes every week….until we hit 100.
Great advice. The prop money threw me off. Maybe switch it up, with the paying down the debt and suggest using the prop money as a visual|stuff envelopes ✉️ with the prop money.
Again, great video nonetheless!
I always wanted to do this challenge but I’m not a cash spender nor work in an industry that would pay cash so it would be a hassle to go to the ATM everyday. But I do love your idea of just paying off the card everyday!
Even better 😎 the easier the better
Add up what u need for week and get when you go to atm n put in envelopes.
Looked at other saving plans on you tube and I love it. Shared with my son n daughter. Starting today. I love idea getting big numbers out of way whenever possible n doing smaller numbers on days when have less. Thank you.
Bank transfers or a savings account
Some jobs credit union offer banking accounts that automatically can take a certain amount out your check weekly
In my family culture in Grenada and Trinidad we call it SuSu but we do it weekly for example 25 for 6 months
So doing it backwards would be the most efficient way.
So, are you saying to get a side or second job? Because idk if there are days or weeks when people could put 80 to 100 dollars a day in an envelope. They need that money to live. I think I could do it, but I'd have to be super strategic.
Great suggestion to make daily payments to pay off credit card debt
I will start with 50 my Dominican Brother ! My mom and my grandmother play and also ran in San and I also play too.
Thank you young man 😊I’m going to take this challenge and use it to pay off my credit cards. So happy I found this. I love a good challenge and this is great. New subbie 😊
I wanna do this to contribute into my sinking funds and high-yield savings! This will help tremendously💃🏿
Let’s goooooo
IM DOING THE 300 DAY CHALLENGE I WANT TO PAID OFF MY HOME
Let’s goooooo
Just remember to invest at the same time, because it’s going to take a while to finish the house ( like 7-10 years )
I will for sure do it . I am also starting a $1 a day challenge for the year and I just started my budget planner that has helped me out so much on what money I have left so that left over money would go for my challenges and my vacation challenged
Let’s gooo, you got this
I am going to do the challenge but my budget wont allow me to do it in 100 days so I am going after it as fast as I can. The money will be a down payment on a new to me car after my student loans are paid off (I am due for TEPSLF in November 2022). I intend to do it yearly for a different goal each year, after I get my car the goal will be to go to Sturgis :)
I like that this is a practical challenge. People can start with whatever number also so this is cool.
OK I'm starting January 1st 2023 and will let you know how I did. Thanks for the encouragement.
Love this! I was wondering if this 100 envelope concept could be done with trying to get healthier by walking so that you can enjoy whatever you are saving for?
i am sure walking enhances anything you set out to do for yourself!
Absolutely.Walk 20 minutes the first day, then keep adding 2 mins. 1500 mins(25 hrs) in 30 days .At whichever point it will be enough then you can repeat from 20 or maintain. You get very fit doing this.
Started Thursday this money will pay for nail tech school 😊 So I can get my nail tech license 💅
I feel I need to watch this 3 times
Woah!! I like the paying your debt idea! I will be doing this to pay my credit cards and raise my credit score!
Ayeee let’s gooooo
I’m going to start writing my envelopes out today!! Thank you 🙏🏽
I started that challenge in august but i had to pay 182 dollars for a doctor visit. I had $305 now i have $122..... :(
Keep going
Great information as also ! Appreciate you
You explained this so well. I'm glad I found you. I'm 59 and NEVER saved but want to buy a home and pay off it off early and the car I just had to buy. I didn't know how this challenge worked, so thanks!!
me and my husband are both 59 and this is the first time trying out the 100 envelope challenge too!
Yes, I will be doing the challenge. But I’m going to start by tripling the challenge. So for example first day three dollars, second day six dollars and so on and so forth 💴 by the way I love your pay off debt idea.
Start slow and build up would be my advice
It’s 100 envelope challenge NOT 100 day!
You set a time span to save - of course you can aim to do so in 100 days.
Flexible but not flexible, because then it’ll take to long
I want to but where am I getting a this money from everyday?
I'm going to do this, 😊 at least 5,000 🤞 this is perfect 👍
Let’s gooooo
4th option After the 100 days and 5000 richer I would do another 100 and use the 5000 as backup when you don’t have enough that day fir an envelope
Nice
This is the best video explaining this process. I'm going to talk to my SO in order for us to do this together. 😁Fantastic video
Awesome and thank you 🙏
I made it and I will do this challenge. I’m trying to continue to work on my love of painting and invest in myself, i.e. tattoos, sneaker customization and pop art 🖼. Wishing everyone success in doing this method and be able to use their abundance to “their hearts” desire!
That’s not how the 100 envelope challenge works. It’s not day by day. It’s paycheck by paycheck.
I think that it's whatever you choose to do with it it can be day by day or week by week or bi-weekly or it can be monthly as long as you do it consistently.
Excellent to fill larger envelopes first. I’ll do the challenge
Let’s goooo
@@TommyBryson Will do!
Yep, I’m doing the challenge starting today. I just bought 100 envelopes
Ty for explaining this this challenge to me. I appreciate it
Got you 😎
Mexico it’s called Tanda, if you get the money first it’s like a loan if you get it at the end, it’s like a savings
Yeah exactly
I’m going to begin to this challenge in January 2022 starting with my first check of the year
Awesome
I am going to try this and I will have a down payment for a home at the end.
Where do you hide this stuff? In a metal box?
You can just do it with a bank account and just send money over their and just use the envelopes to remind yourself. But I use to keep it in a fire proof bag
Just started the challenge today 🥰I cant wait to pay off the rest of my small debts and start my investment account... so glad I found your channel It's onward and ioward from here thank you so much
I am doing a 500 dollar challenge now and I will do this in October.
нιτ мє υρ νια ωнατѕαρρ..
If you are a tipped employee this is amazing to do and for me if I have 80 bucks in 20s and I pull a 78 I'm just going to put it in there... btw I'm Russian rouletting it lol
I’m doing the 200 envelope challenge every year! Thank you!
Let’s gooooooo
Wondering how can you put money up Everyday if you get paid once a week or even every 2 weeks?
I’m kind of confused like how many $1 bills do I need to have
remember you are taking 100 envelopes and numbering them 1-100 and whatever amount is on the envelope, you put that amount IN the envelope and move on to the next envelope. The envelope numbered 1 gets $1 put in it envelope numbered 34 gets $34, etc
@@carleenshaw8167 thank you so much
A shit ton. 80, I think. Cause you will need it for every x1, x2 x3,x4, x6, x7, x8, x9, for every stage of numbers, 1, 11, 21, 31, 41, 51, 61, 71, 81, 91.
That’s not what a “San” is. It’s a collective of people putting in the same amount of money and each time everyone makes a payment 1 members gets the lump sum and they take turns getting the lump sum. The problem with this is that you have to get a certain amount of people who are very responsible. But the good part is that it’s technically saving your own money and getting it either up front or scheduling your turn to receive the lump sum when you’ll need it and then you just keep making minimal payments towards it.
I’m gonna do it the whole year
Let’s gooooo
You didn’t tell us how to do the envelop challenge
Im starting this week to clear of my debt thanks for the advice 🙏
Let’s get it