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Daily Mirror
Daily Mirror
Business
Levi Winchester

Envelope challenge could help you save £5,000 in less than one year - how it works

If your goal in 2023 is to save money, then why not try out the envelope challenge?

To get you started, you’ll need 100 empty envelopes - then label each one with a cash amount from £1 to £100.

Each week, you pick two envelopes at random and then you save however much is written on the envelopes.

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