South African Lady Shows How People Can Meet N1.2m Saving Challenge for 2023 Using 100 Envelopes

“I do something similar but weekly during the duration of the year and I put it in an account that accumulates interest.”

Saving is so important, but it can also be daunting. One lady took the time to share her secret of saving R50k (N1,290,634) in just 100 envelopes.

With people living pay cheque to pay cheque, saving is not something that a lot of households do. So, not many children learn how to save.

Over N1m in 100 envelopes

TikTok user @nomazdiaries shared a video in which she showed people her 100 envelope stuffing challenge that helped her save R50k (N1,290,6340. With it being just 100 envelopes it makes it easier to save small amounts rather than stressing a huge lump sum every month.

She explained that she’s used this method to put a down payment on her car and would encourage everyone to give it a go.

People react to saving tips

@Leo Queen said:

“I did something like this last year and ended up with R15k at the end of the year.”

@urbanmosadi said:

“I love this. I need this. Thanks for sharing.”

@Gillian Seetso said:

“I do something similar but weekly during the duration of the year and I put it in an account that accumulates interest.”

@ Nkuli said:

“Smart money move.”

@Rethaaa-bileee said:

“January is approaching my dear I need your envelopes.”