If you finish the saving challenge before the end of the year, you could even add more envelopes to your stash – helping you save even more money!".
Gemma Bird, who is social media sensation better known as Money Mum, has shared how you can save £5,000 up by the end of the year without feeling the pinch.
The mum, who has 470,000 followers on Instagram, has also shared the 50-25-25 Rule - a super easy way to manage your money while ensuring you save without thinking about it.
Gemma explained: "50% of your income covers necessities, 25% is for flexible spending, 25% goes straight to savings – ideally through an automatic transfer on payday.
First up, Gemma says you can use a cash stuffing method which she dubs "a simple yet effective way to save".