Millions of TikTok users were captivated by the 100-envelope money-saving. There’s a good reason for that. Americans have a median savings account balance of $1,200, according to a Motley Fool survey.

・The 100 Envelope Challenge can help students save $5,050 in 100 days by setting aside small, daily cash amounts. ・The challenge has gone viral on TikTok as students and young adults share their ...