TikTok Savings Hack: 100 Envelopes to a House Deposit

A UK woman's innovative savings plan is gaining traction online. Loiswood123, a TikTok user, shared her method for saving money for a house deposit using a 100-envelope challenge tracker. "I personally can't save money in my account because I just spend it," she explains in the video. Her system involves a binder with envelopes for each number, allowing her to track her progress visually. While moving house is expensive, with costs like advance rent and moving expenses, she says this method "has really helped me save my money." The video has already garnered over 2000 views, demonstrating the interest in creative personal finance strategies.