Whereas the 100 envelope problem is sweeping TikTok, it’s not the one cash financial savings problem you may attempt. Listed here are two others value exploring, particularly if you wish to begin small earlier than committing to the 100-day problem.
30-day financial savings problem
The 30-day financial savings problem works equally to the 100-day problem, besides it spans 30 days. You’ll collect 30 envelopes and quantity them 1 by way of 30.
Every day, you’ll save the quantity indicated on the envelope you select. You may go so as or shuffle the envelopes and randomly choose one.
After 30 days, you’ll have saved a complete of $465. As with the 100 envelope problem, you might full a digital model of this cash problem slightly than storing money in envelopes.
365-day penny problem
If you wish to begin smaller, think about the 365-day penny problem. For this problem, you’ll want a giant jar and a complete lot of pennies.
You’ll put one penny within the jar on Day 1, two pennies on Day 2, and so forth till you’re placing 365 pennies on the final day of the yr. (In fact, you might begin utilizing bigger denominations so long as you’re placing in the correct quantity).
After a yr of saving, you’ll have a complete financial savings of $667.95. Scraping collectively pennies can add up so long as you keep constant.