The concept involves a structured savings method utilizing 100 envelopes, each numbered from 1 to 100. The objective is to save a designated amount corresponding to the number on each envelope, leading to a total savings of $5050. A supplementary tool, often available at no cost, assists in tracking progress. The resource typically features a grid or chart to record deposits, providing a visual representation of completed envelopes and remaining amounts.
This savings technique offers a structured and visually engaging approach to accumulating funds. Its appeal stems from its simplicity and the tangible progress it provides. The visual element can be a powerful motivator, fostering consistent savings habits. Historically, similar methods have been employed using physical containers and charts to manage budgets and achieve financial goals.
The subsequent sections will delve into the practical application of this method, including variations and adaptations, strategies for successful completion, and considerations for integrating it into broader financial planning.
