If you are looking for a money-saving challenge that will save you big and challenge you, then the 100 Envelope Savings Challenge is for you!
Unlike other money savings challenges, this one is not as easy as you might think and requires you to save more.
It is so challenging that you can save over $5,050 in 100 days if you do this daily.
What makes money savings challenges popular?
Money savings challenges are prevalent because they challenge you to find ways to save money and encourage you to save money.
When people are looking for a 100 Envelope Savings Challenge, they want something that will push them outside of their comfort levels and help them learn new ways to save money.
This 100 Envelope Savings Challenge is perfect for those looking for a way to save money and save lots of it.
Try these money savings challenges:
Why does saving money feel good?
Saving money feels good because you are doing something good for your future self.
You are setting yourself up for success by ensuring that you have money saved up for when you need it.
Saving money is also a great way to relieve stress because it gives you a sense of security.
How much money do you save with the 100 envelope challenge?
Depending on how you do this money savings challenge, you can save up to $5050. If you do this challenge daily within three months (100 days, if done daily), you will save over $5,000.
How do you do the 100 envelope challenge?
To start the 100 Envelope Savings Challenge, follow the steps below:
- Print out (or buy ) 100 envelopes
- Write a number from 1 to 100 on each envelope.
- Each day, pick an envelope at random. Whatever number is on the envelope, put that amount of cash inside it.
- For example, in envelope #1 put $1, in envelope #20 put $20.
- Repeat every day for 100 days until all the envelopes are filled!
Congrats, you now have $5050!
How much money is the 100 envelope challenge?
Depending on how you do this money savings challenge, you can save up to $5050. If you do this challenge daily within three months, you will save over $5,000.
Can I do this challenge differently?
Yes, you can do this challenge in different variations. One way is to do this weekly and decide the amount you want to save.
Then, divide it by the number of weeks you will be doing it. After you have decided on your weeks, grab the same amount of envelopes and write the specific amount on each. When you start the challenge, fill an envelope each week.
For the Bi-weekly alternative, do the same as above, draw an envelope bi-weekly.
Do the same as above, draw an envelope monthly.
$100 Envelope Savings Challenge Printables
If you love visuals, then this is for you! Sign up for my newsletter and get the $100 Envelope Savings Challenge Printables that includes:
- Cover sheet
- Instructions & variations sheet
- 100 Evenlope Tracker sheet
- Envelopes template (color or black and white) sheets