The Envelope Challenge: How much can you save?

Saving money isn't easy, but with this popular hack, you could save up to £5,000 in a year.

A person is holding an envelope. Inside there is a £5 note.
(Image credit: Getty)

Are you someone who struggles to save money? You may have heard about ‘The Envelope Challenge’ on your socials like TikTok. Although it seems like a recent craze it’s actually an old-school method of saving that’s been revived. 

In a time where finances are tight for most of us, this easy and straightforward way to save money will help you put money away for something special or just a rainy day. The Envelope Challenge is often started at the beginning of a new year, but you can start any time...why not start today! 

Sarah-Jane Outten

Hi, I’m SJ. I’m an editor and content executive here at MyVoucherCodes. I started my journey here as a deals expert which gave me the skills to become a money-saving expert. You can find my tips and recommendations in various publications including The Sun, The Mirror, and The Telegraph.

I gained a degree in English Literature and Creative Writing in 2018, and I’ve put my writing skills into many projects since then. My portfolio at includes my work with Cardiff Times, Buzz Magazine and more. 

I write poetry and short stories for pleasure and enjoy getting creative with watercolours and lino printing. I hope that I can merge my love of writing and art into a children's book in the future - watch this space!