How to save $5000 in 100 days?

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By Nick

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Want to save $5,000 in just 100 days? Try this savings hack using 100 envelopes! Number the envelopes from 1 to 100, shuffle them, and pick one at random each day. Insert the day’s money amount and track your progress. With a little discipline, you can achieve your savings goals in no time!

How To Save $5000 in 100 Days

Saving money can be a daunting task, especially when you have bills to pay and a family to take care of. However, with the right mindset and a little bit of planning, you can save $5000 in just 100 days. Here’s how:

Get 100 empty envelopes

The first step is to get 100 empty envelopes. You can buy them at your local office supply store or use any envelopes you have lying around the house. Make sure they are all the same size and shape.

Number each envelope from 1 to 100

Once you have your envelopes, number each one from 1 to 100. You can use a pen or a label maker to do this.

Store your envelopes in a container

Next, store your envelopes in a container. This can be a shoebox, a plastic bin, or anything else that will keep your envelopes organized and in one place.

Shuffle the envelopes in random order

Shuffle the envelopes in random order. This will ensure that you don’t know which envelope you are picking each day.

Pick an envelope at random each day

Each day, pick an envelope at random. You can do this in the morning or at night, whatever works best for you.

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Insert the day’s money amount in the envelope

Insert the day’s money amount in the envelope. You can choose any amount you want, but we recommend starting with $50. If you can’t afford $50 a day, start with a smaller amount and work your way up.

Put the filled envelope aside

Once you have inserted the day’s money amount in the envelope, put it aside. You can keep it in the container with the rest of the envelopes or in a separate location.

Track your savings progress

Finally, track your savings progress. You can do this on a spreadsheet or a piece of paper. Write down how much money you have saved each day and how much you have left to save.

In conclusion, saving $5000 in 100 days may seem like a daunting task, but with the right mindset and a little bit of planning, it is achievable. By using 100 envelopes and picking one at random each day, you can save money without even thinking about it. Remember to track your progress and stay motivated. Good luck!

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