Whereas the 100 envelope problem is sweeping TikTok, it’s not the one money savings problem you may strive. Listed here are two others price 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 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 moderately than storing money in envelopes.
365-day penny problem
If you wish to begin smaller, contemplate the 365-day penny problem. For this problem, you’ll want an enormous jar and an entire 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 right amount).
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.