I used to be so bad at saving – but my boyfriend and I stashed away £10k in 5 months with a special ‘box challenge’
A CASH-SAVVY woman has revealed how she was able to save a whopping £10k in under half a year.
The social media user, only known as Milly (@budgetwithmilly) took to TikTok to explain how she managed to stash away the huge sum in less than five months.
So, if you’re looking to be better with your finances or want to treat yourself to a luxury holiday, you’ve come to the right place.
As millions of cash-stripped households are struggling to make ends meet due to the soaring costs, money-smart Milly explained that the secret behind saving is a special ”box challenge”.
Like many, Milly and her partner ”used to be so bad at saving” – but a simple wooden box made it a breeze.
The now-viral video, which has been viewed more than a staggering million times, also saw Milly showcase the box that was decorated with a range of various numbers, such as five, ten, 20 and 50.
Each of of these was the paper notes the couple would then be putting inside whenever they had change.
Once the note had gone in, she explained, they’d tick off the number with a marker.
Raving over the fun money-saving method, Milly said they were able to put money aside for the ultimate treat – a winter holiday this year.
”We used to be so bad at saving and we felt so happy marking off our progress as we went along.
”And it brought us closer with managing our finances – and stopped us dipping into my husband’s bank.”
Advising others to give this challenge a go, Milly said it was ”a great way to save your spare change”.
”And if you have a friend or a partner, it’s a great way to save together,” said Milly who was putting the notes in on a weekly basis.
The best part? Once you’ve saved up the £10k, you can wipe off the marker and reuse the box for another challenge.
The creative idea clearly struck a chord with TikTok users – as the clip has since racked up a staggering 34.5k likes and more than 100 comments.
”Saving for winter, I’m wanting to go to Lapland,” one travelling lover wrote.
Money-Saving Tips from Gemma Bird: Save £2k Before Christmas
IF youre' looking to save cash, you've come to the right place, as here, Gemma Bird has shared her top tips that'll save you £2k before Christmas.
- Set a budget: Track your spending and create a realistic budget.
- Cut unnecessary costs: Cancel unused subscriptions and avoid impulse buys.
- Meal planning: Plan meals to reduce grocery bills and avoid takeaways.
- Sell unwanted items: Declutter and sell items online for extra cash.
- Cashback and discounts: Use cashback sites and hunt for discount codes.
- DIY gifts: Make personalised gifts to save money and add a personal touch.
- Pick up a seasonal shift: A really easy way to pick up a bit of extra cash in the winter is to find yourself some seasonal work.
Follow these practical tips from Gemma Bird to boost your savings before the festive season!
Another chimed in: ”i love this so much, i really like to cross the numbers out.
”You don’t feel pressured to put much in, just choose a number you like, it helps me a lot.”
”My one is on its way,” a third had already ordered their box.
However, while the idea was indeed great, many thought the fun money-saving challenge wasn’t feasible for those who are struggling financially.
”spare change £50 note,” a critic joked.
Another agreed, writing: ”I can’t even cover my bills. Step 1. make sure my debt is gone.”