As many of us attempt to recover financially from the festive season, more people will look into various money-saving methods and strategies.
By putting money down each week in a different envelope, you could use the envelope challenge to save more than £5,000 in less than a year. The trend is yet another savings challenge that has hit TikTok to help motivate you to save money.
Here is all the information you need on the challenge, including how it works, how much you can save, and how long it takes.
