How to Save $5000 in Cash

Photo by Michael Longmire on Unsplash

100 Envelopes

1 Pen or Pencil

Storage Box or container (i.e. shoe box)

How to use the Envelope Method to save over $5000 a year:

  1. Shuffle and mix up the order.
  2. Place your labeled envelopes in a box.
  3. Pull out 2 envelopes each week.
  4. Fill up the envelope with the exact amount on the outside and seal it back up. If you randomly pull $2 and $30, put $2 in the $2 envelope and $30 in the $30 envelope.
  5. You can either place the sealed envelope in a new box or start stacking the ones you’ve already saved
  6. After 1 year or 12 months, you’ll save $5050
  7. Bonus Challenge: Add more cash to the envelope(s) when you have extra to spare. This method can help you save up to $10000 a year.
Photo by Kate Macate on Unsplash

Get rid of some serious debt

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Digital NerdBee

Digital NerdBee

Professional Dreamer. Detail oriented tech savvy eCommerce Creative Nerd