2024 Cash Envelope (or online) Saving Challenge

LittleMissDetermined

Welcome to the 2024 weekly cash envelope (or online) savings challenge!

This challenge ran in 2023 and I have been asked to set it up again for 2024. It can really boost your savings pots and help with paying for Christmas, or a family holiday...anything you like really! Last year we set it up for physical cash saving but now the interest rates are better I have included online too

What you will need for the physical challenge:

• 52 envelopes (the small cash envelopes are ideal) 
• A safe place to keep cash such as a safe or lock box for example
• Cash

What you will need for the online challenge:

• A dedicated savings account/pot OR
• A spreadsheet/tracker to identify the money in a cumulative savings account
• A means of selecting a 'random' week number if you're adding money randomly

Don't forget to bookmark this thread to make it easier to find!

How it works:
Take 52 envelopes and label them from week 1 to week 52. Throughout 2023 we will be adding money in £'s equivalent to the numbers on the envelopes. At the end of the year you will have saved £1378 to use for whatever you like. 

Each week, add a post with which envelope you've filled and I will update the tracker spreadsheet.  It is helpful if you can add it with your number in bold to make it easy for me to keep a track

Filling order is optional! 

• Consecutively (forwards or backwards) 1-52 or 52-1 
• Randomly by picking an number each week and adding that amount
• Alternately selecting 1, 52, 2, 51, 3, 50, 4 etc which evens it out across the year
• Equally by adding  £26.50 each and every week

For anyone wishing to join in, please add a comment to be allocated a number and let me know which filling order you will be doing   It would also be great to hear what you will be planning on spending your hard saved cash on at the end of the year! 

LittleMissDetermined

2024 weekly challenge roll call 

#01 LittleMissDetermined 
#02 ~FlowerPot~
#03 lellybun
#04 CMD79
#05 Keedie
#06 Doris17
#07 Annetheman
#08 Ansaxo
#09 BlueJ94
#10 j0bymumof1
#11 Okigirl
#12 TheScarletPixie
#13 JakiJam
#14 NLP7
#15 NLP7-DD1
#16 NLP7-DD2
#17 Honeysucklelou2
#18 cybertortoise
#19 coconurtaler
#20 nikki2002-2008
#21 2sonmum
#22 Tink_04
#23 Balancinglife
#24 jaxsmar
#25 Littlebigmoose
#26 Littetinks

LittleMissDetermined

Spreadsheet of amounts paid

https://docs.google.com/spreadsheets/d/14SiMlrMnnyPKrtyXtGboOqiAPImImBofC_tLt12v2tM/edit#gid=1892108947 

LittleMissDetermined

Handy weekly chart for amounts

https://docs.google.com/document/d/18qa3xzk4zQtyQ11i3Gk0ta0tJ8NRFEU_bsNgu3DAFEQ/edit

~FlowerPot~

me please!!! i am looking forward to this!!

flowers x

LittleMissDetermined

~FlowerPot~ said:

me please!!! i am looking forward to this!!

flowers x

Welcome Flowers, will add you as No.2

~FlowerPot~

Fabulous thank you x

lellybun

Me too please, me and Flowerpot faithful followers! 😊

CMD79

I'd love to join too please. For next year's Christmas fund, so have started this week with a random £51! I'm doing a virtual challenge and have virtually highlighted using your tracker, thank you!

LittleMissDetermined

Morning!

Lelly you are No.3 and CMD79 you will be No.4

Happy saving!! 

LMD 

Keedie

Hey @LittleMissDetermined, can I please re-join for 2024 but doing 50 envelopes for a total of £1,275.