The ‘Envelope Savings Challenge’ Turns Saving Money Into a Fun Game

The viral “envelope savings challenge” isn’t a new concept—pick a financial goal, then break that up into smaller, more achievable amounts over the course of several days or weeks—but it comes at the perfect time.

As grocery store prices continue to rise, a recession in 2023 feels almost inevitable. A recent survey published by the Conference Board, a business-focused think tank, showed that 98% of CEOs expect one in the next year. A scary thought, but there are ways to minimize the effect it has on your finances. To start, experts are suggesting people cut unnecessary expenses—what TikTok has dubbed a “financial cleanse”—and focus on saving.


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