Savings challenges are becoming increasingly popular. They’re a way to gamify saving money and make this important responsibility feel more fun and achievable. Enter the 100-envelope savings challenge. It’s taken social media by storm for good reason: Those who complete it end up with an extra $5,050 in savings. With just a pen, a pack of envelopes, and a strong commitment to growing your savings, you can gamify your budget and see measurable results. Here’s how to complete the challenge. What is the 1 ...

If you’re sitting on cash in savings right now, wondering whether keeping it there is the right thing to do, you’re not alone. When the Federal Reserve Board (the Fed) started dropping interest rates last fall, thus reducing the yields on high-yield savings accounts and money market accounts, consumers with liquid funds began looking for proper next steps. Find Out: If Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Have? For You: 10 Unreliable SUVs To Stay Away From Buying ...