The phrase refers to a savings method where individuals utilize 100 envelopes, sequentially numbered from 1 to 100. The participant deposits the amount corresponding to the envelope number into the designated envelope. For example, envelope number 1 receives $1, envelope number 2 receives $2, and so on, until envelope number 100 receives $100. The “free printable” aspect indicates readily available templates that assist in organizing and tracking this savings process.
This system provides a structured and visually tangible approach to accumulating savings. Its benefits include fostering consistent saving habits, promoting financial discipline, and offering a manageable framework for achieving a specific savings goal. While the exact origin is difficult to pinpoint, the method likely emerged from general budgeting and money-saving practices seeking a simple, trackable format.
The following sections will detail the practical implementation of this savings technique, explore the different types of templates available for download, and discuss strategies for adapting the method to suit individual financial circumstances and goals.
