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100-Envelope Challenge for Savings
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The 100-envelope challenge on TikTok encourages saving $5,050 by filling 100 envelopes with varying amounts, promoting discipline and visual progress. However, it requires time-consuming setup and management.
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How can similar savings challenges be adapted for different financial goals?
How might the 100-envelope challenge influence other money-saving strategies?
What are some potential drawbacks or limitations of the 100-envelope challenge?
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