100 Envelope Challenge: How You Can Save $5,050

It is a 100-day savings challenge that helps you to save $5,050 – it does not get any easier! We’ll talk about how exactly how this challenge works, who can benefit from it, and some pros and cons.

What is the 100 Envelope Challenge?

In a nutshell, you have 100 envelopes that are numbered from 1 to 100. Each day, you randomly pick an envelope and set aside cash in the envelope equal to the number written on the envelope (from 1 to 100). 

Why do the 100 Envelope Challenge?

If you’re trying different ways to save money, don’t skip over the 100 envelope challenge, as it is an easy way to save up every month and reach your financial goals

Who should do the 100 Envelope Challenge?

The 100 Envelope Challenge is perfect for anyone who wants to save money but doesn’t know-how. The quick and easy setup makes it effortless, while the 100 days will keep you motivated to reach your goal of saving $5,050. 

What You Need To Do The 100 Envelope Challenge

1. 100 Envelope 2. 1 Marker 3. 1 Box/Container 4. Cash – the amount varies based on the day And a whole lot of motivation!

How to do the 100 Envelope Challenge?

1. Take 100 envelopes and number each – from 1 to 100. 2. Shuffle the envelopes and store them in a box. 3. Each day, randomly pick an envelope from the box.

Swipe up to learn more about the 100 Envelope Challenge!