When we decided that we wanted to spend a couple of months in Europe for the winter, I knew that saving money would be a challenge. We were in the middle of a Pandemic AND we had just started a business that wasn’t making any money. In fact, we were doing just enough to get us by…in the hopes that our business would have a chance to see a real cruise season.

I had seen a post about an envelope challenge to save money. And it was then that I knew this would be a good way for us to save. You might be wondering, “How does the envelope challenge work?” In the initial post that I read, it suggested that you take 50 envelopes and write the denominations ($1 - $50) on the envelopes. Each week, you would then select an envelope. You would then put that amount of money in the envelope that corresponds with the number on that envelope. At the end of the 50 weeks, you would have saved $1275.

I knew that we were going to need more money than that for an extended trip to Europe, so I doubled the number of envelopes from 50 to 100. Each week, we pulled two envelopes from our bag…and then during that week we got the money and put it in the envelopes. Some weeks were tough. Sometimes, we used money that we would have used to go out to eat…and some weeks we used cash from tips. Some weeks, if we would pull two envelopes with high denominations, we would pick again. But EVERY week, we would pull those two envelopes. And luckily for us when tips were good, we were able to stuff three envelopes in a week.

During the course of the year, we saved $5050…just by putting that money in envelopes and NOT using it on dumb stuff throughout the year. It was so fun to go to the bank with my stacks of cash…and it was a HUGE sense of accomplishment that we were able to SAVE this money during a pretty difficult time.

Taking this trip was a priority for us…and it just goes to show that you don’t have to be rich to be able to live the kind of life you have always dreamt of!

In less than a year, you could complete the envelope challenge too! Where would you go on YOUR dream vacation? Comment below!

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