What is the 100 envelope challenge?
The 100 envelope challenge is a fun way to easily save money. All you need to do is get 100 envelopes and label them $1-$100. Then randomly choose 2 envelopes a week or 4 envelopes every pay check if you get paid bi-weekly, from your pile and place the corresponding amount in the envelope.
At the end of the challenge, you will have saved $5050. After you finish the challenge, you can repeat the process as many times as you wish which will help you save more and more $5,050, that really works!
Different Envelope Savings Plans (Click for details)
This challenge is even more easier than the 50 envelope challenge because it is for one year. Every year has 52 weeks, you choose 1 envelope every week, after the challenge you’ll save $1,378.
This is the most common envelope challenge. It’s not very hard but can help you save many money. You get 100 envelopes and choose any 2 – 4 envelopes every payday or choose 2 envelopes every day. When you choose envelopes, please be random. you’ll finish the challenge in less than one year and save $5,050.
Use 200 envelopes labeled with two sets of 1 to 100, and then pull out 2 envelopes per day, you’ll end up with $10,100.
The hardest one. You get 200 envelopes and choose 1 envelope every day. You will save incredible money that is $20,100 in 200 days.
More Fun With These Envelopes That are Designed for The Envelope Challenge
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Get a box of 100 envelopes, number them 1-100 mix them up put em back in the box. Pick an envelope every week fill it with the dollar amount on the envelope. At the end you will have $5050 ❤️ For 2 envelopes twice a week it will take 25 weeks to save $5050 #savings #getit
So if you have a 3 year plan to buy a house you could have a little over 30,000 for a down payment doing this ❤️🙏😘
This year I am incorporating my oldest to build up his savings 🤑
Do I think you can do this with the amounts of $1-$100 with every budget. No. We can (it’s going to take doing without in some areas for both of us) and I know that’s a blessing.
If you can’t do these amounts, do smaller ones. And only draw one envelope every other week. I think this is a fabulous idea in order to save for next Christmas. For a vacation. Just for security. Who’s in? Great challenge for couples households.
1) Box of envelopes (100 count)
2) Number each envelope from 1-100
3) Shuffle the envelopes and put them back in the box.
4) Every week, pull an envelope from the box.
5) What ever number is on the outside of the envelope, put that dollar amount in the envelope.
6) Seal your envelop and put it in a separate box and/or anywhere you won't be tempted to open it. 😳
7) There are 52 weeks in a year. At the end of the year, you should have close to 5K!!
What are you going to use it for??? Who's in!?