The 200-Envelope Challenge: A Money-Saving Odyssey

The 200-Envelope Challenge: A Money-Saving Odyssey
The 200-envelope challenge relies on a simple concept: allocating cash in designated envelopes. Shchus/Shutterstock
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Are you struggling to save money? You’re not alone. According to Bankrate polling, 27 percent of U.S. adults had no emergency savings in 2024. This is the highest percentage since Bankrate asked the question in 2020.

But what if there was a way to make saving fun and engaging? Enter the 200-envelope challenge.