There are many creative ways to give money to a teenager that are more fun than an envelope. Find out more about these exciting ways in the article.

The 100-envelope savings challenge aims to help you save $5,050. ... let’s say you draw Envelope No. 10. ... The intent is to give up discretionary purchases for a set period of time.

There is more to the 200-envelope challenge than saving money; it is a journey of financial empowerment. By gaining knowledge and confidence about your financial future, you can easily navigate it.

Once an envelope is empty, you can’t spend any more money in that budget category for the month. How the Envelope Saving Method Works The cash envelope budget isn’t that difficult to set up.