Is the '100 envelope challenge' a smart money move? | CNN Business

It’s called the “100 Envelope Challenge” on TikTok, and it promises to put more than $5,000 in your pocket in just 100 days. Billed by influencers as a fun, easy way to save money, it’s geared toward young investors facing higher rent and grocery bills, student loan debt, and a general feeling of never being able to make the money last the month. It works like this: Label 100 envelopes from one to 100. Since this is social media, after all, said envelopes should look really cool for the videos.

That’s a good thing,” he told me. “But it’s gimmicky,” he said. “It’s laudable to try to put some money away, but it doesn’t feel very goal oriented to me. What are you saving this money for?” He notes the envelope idea is actually an old-school financial planning tool — one envelope for vacation savings, one for the car payment, one for dining out, etc. But the envelopes today are more metaphorical in an era of instant account access and budgeting software.

Q1ŻAQAqAqs,hżaaaaasqs1q1aze,AAæa,2w,waaa11q Á½ÆAQQ13QAQq33qa3aßsQqaaaaaszsqáaqwQqqAzAsÁaWq1aásaaAá1áq

You know your corporation is in the pocket of Wall Street when it questions the usefulness of saving money. NO spend spend spend!! Borrow borrow borrow!

Inflation and devaluation at the gate!!!! Venezuelan dictator maduro also incetvete saving of cromblig Bolivar

The last 10 days of this would kinda suck. You put away 90 bucks only to have to come up with 92 the very next day, and 93 the day after that. You have to save like 600 dollars in the last week alone.

It always worked before credit cards.

URGENT 🆘️ Three young Iranian protesters, ArshiaTakdastan, JavadRouhi and MehdiMohammadiFard have been sentenced to death after sham and unfair trials. They are under severe torture. IRGC forces have brutally beaten and raped them for days. PLEASE BE THEIR VOICE!

Please join us at largest Iranian protest in Los Angeles on 11 Feb la11feb ✌🏻

My Grammy Ann would be so proud

If americans need a tiktok video to think about saving some money instead of spending it, that explains a lot

This is like the atkinsons of dave ramsey of stuffing your savings in a mattress of savings plans. Set your interest-bearing savings account to monthly or weekly auto-withdraw whatever amount you like from your checking. Done. You're welcome.

This communist news network propaganda sponsored by pfizer. Bring back Glenn beck and others with different points of view.

Y'all late. Black people been sending that process around on the internet for years lol

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Why gas prices are surging this month | CNN BusinessNormally, prices at the gas pump drift lower during the dead of winter as lousy weather keeps Americans off the roads. But something unusual is happening this year: Gas prices are rocketing higher.
Herkunft: ALNewsNetwork - 🏆 583. / 51 Weiterlesen »

ASML says 'rules are being finalized' on chip export controls to China | CNN BusinessSML, a Dutch maker of semiconductor equipment, says “rules are being finalized” on export controls -- amid reports that the Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to China. The art of the deal why so late? Any sanctions/fines for this delay MinPres ? Is this news reporting real or fake ? I’m so sick of you guys making things so dramatic all of time . Give me so much stress ! Time to investigate them
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

'Attack on India:' Adani slams US short seller over fraud allegations | CNN BusinessAdani Group has published a detailed rebuttal running to more than 400 pages against allegations of fraud made by a US investment firm, calling the short seller's investigation of the ports-to-power conglomerate 'a calculated attack on India.' FRAUD ADANI , FRAUD AMBANI , & THEIR BOSS IS FATHER OF ALL FRAUDS - MODI Short seller “Hindenburg Group” had “88 questions”. Yeah that’s not at all shady.
Herkunft: cnni - 🏆 326. / 59 Weiterlesen »

Norway discovers huge trove of metals, minerals and rare earths on its seabed | CNN BusinessA Norwegian study has found a 'substantial' amount of metals and minerals ranging from copper to rare earths on the seabed of its extended continental shelf, authorities said on Friday in their first official estimates. Does this mean mining willl occur now? Ugh Russia just now remembering Norwegians are ethnic Russians longing for liberation. LaMonicaBuzz Useless news as it's still underground.
Herkunft: cnni - 🏆 326. / 59 Weiterlesen »

Ryanair is making record profits as booming demand sends airfares soaring | CNN BusinessRyanair expects it will be able to charge higher prices for flights over Easter and the summer, thanks to strong demand from American and Asian tourists and less competition from rivals. Appalling company who are leaving passengers stranded and not compensating them for last minute cancellations.
Herkunft: cnni - 🏆 326. / 59 Weiterlesen »