This envelope money challenge is a fun way to save money.You can also use less than 100 envelopes. If you are paid weekly then the challenge will continue for 100 weeks (just under 2 years). Take out one envelope each time you receive a paycheck.Simply put the money in a sealed piggy bank or savings jar each day or create automatic transfers to a separate savings account. You can also do a 100-day money challenge without envelopes.Pull out two envelopes each day and you will have $10,100 at the end of the challenge. Use 200 envelopes and make two sets of numbers from 1 to 100.You could also do this variation over one year and draw two envelopes per week. Decide how much you want to save in 100 days and divide that number by 100.Pull out two envelopes per week and then you will save $5,050 in one year.Carry on for 100 weeks and not 100 days and you will save $5,050 in just under two years.If you like this money challenge but it isn’t totally for you as-is, then you might prefer to try a challenge variation: If you do change the amount, then check the chart for the amount you need to insert into the envelope each day. You can change the 100-day challenge money amount in the Excel chart above. The total saved will automatically be updated to include the sum of all envelopes closed. Each time you fill an envelope you mark it as complete. The Excel spreadsheet keeps track of how much you have saved.
FREE 100 ENVELOPE CHALLENGE PDF PDF
To use the digital version, download the PDF file and open it on your phone or tablet with a note-taking app (see digital planner for more details). You don’t need to print the envelope challenge tracker. The printable tracker is available as a typeable PDF or an image file. This printable challenge tracker will help you mark the envelopes that you have filled with money.
FREE 100 ENVELOPE CHALLENGE PDF FULL
If you keep doing this until all the envelopes are full of cash then you will have $5,050 by the end of the challenge.For example, if you pull out envelope number 54 then you put $54 in the envelope. You check what number it is and put that amount of cash in the envelope.Over the next 100 days (or any other timeframe you decide on), you randomly pull one single envelope out of the box.Put the envelopes in a storage box (or a shoebox).Shuffle the envelopes so that they are arranged in random order.Take 100 envelopes and label them with numbers starting from one to one hundred.Access to $5,050 that you will save during the challenge.A box or huge envelope to store the 100 envelopes.If you would prefer a 52-week challenge, then see our 52-week money-saving challenge. If you combine it with the cash envelope system then you can save even more! You could stick to the 100 number or create your own custom envelope challenge with fewer envelopes, if you’d like.The money challenge went viral on TikTok since it helps you save a decent sum in a relatively short amount of time. Scale it way back if that makes it more doable. Do a monthly version of the challenge.Sure, it will take longer, but once you get in the habit, it’ll become routine.and maybe even inspire you to save that way for the long haul. You could draw two or three envelopes per week. If a daily challenge seems overwhelming, scale it back. Create a weekly version of the envelope challenge.See who ends up contributing the most to the pot! You can even put each of your earnings into separate savings accounts to save for now-and for later. If you're saving up for your child's education or a retirement fund, do this challenge with your partner.
Use a little of your savings afterward to treat yourself to a celebratory dinner. Choose a competitive friend or two for some friendly competition to see who ends up saving the most at the end of your allotted time.
Want to try to save $10,100? More power to you! Tack on an extra three months and double your savings. If you save days one through 50 (chronologically), you’ll save $1,275. If you’re sweating the amount of time involved, simply commit to a 50-day challenge instead.or any number of days you wish. Here are other challenge variations that are sure to be fun-and to leave you with at least a little extra money saved.
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