![]() Each day you would pull out an envelope from the box and put the labeled amount of cash into it. ![]() The original challenge was meant to be completed in 100 days. That way you can keep it exciting and keep up your motivation. Mixing up the envelopes is often recommended so you’re not overwhelmed saving the big amounts all at the end. However, even though days 4, 5, and 6 are simple enough to save money in, once you get to envelop 97, 98, and 99 it might be harder to save that much right in a row. If you wanted to you could go in order and save the corresponding amount in numerical order depending on what envelope you are on. Step 2: Mix up the envelopes and put them in the box Be sure to be clear so you don’t mix up a 6 or a 9, etc. Step 1: Label the envelopesįirst label each envelope 1-100. Where should you startĪfter you’ve thought about your why, gotten the envelopes, marker, and box, here is what you are going to do. Whatever you are trying to save for it is important to keep that in mind as your why to stay motivated to complete the challenge. Maybe you are trying to save for a vacation, a new car, a down payment on a house, an extra cushion for emergencies, or a rainy day fund. It is really hard to be motivated to save money if you don’t have a reason to save. Our free printable tracker to track your progess (See end of article).A box to keep the empty and filled envelopes in.To complete the 100 envelopes savings challenge you just need 4 things: What do you need for the savings challenge? With the help of our step-by-step guide, tips and tricks, and printable tracker, you’ll be on your way to achieving your savings goals in no time. Overall, the 100 envelopes savings challenge is a fun and engaging way to kickstart your savings, and can help you reach your financial goals. By the end of the challenge, you will have saved $5,050! ![]() For example, on the first day, you will put $1 in the first envelope you will put $2 in the second envelope, $3 in the third, and so on until all the envelopes are filled. The challenge involves taking 100 envelopes and labeling them with numbers 1-100.Įach day, you will pull out an envelope and put the corresponding amount of money inside. The 100 envelopes savings challenge is a simple and effective way to save money and reach your financial goals. What is the 100 envelope savings challenge? Keep reading to learn what it is, how to do it, and get a free printable to get you started. Looking for a fun way to save more money? Need an extra $5,000? In this article we’re going to tell you about a fun savings challenge you can do called the 100 envelopes saving challenge. ![]()
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