The 100 Envelope Challenge is a fun, simple, and stress-free way to start saving more cash. CLICK IMAGE TO DOWNLOAD Have Fun and Save More Money At least you know that you’ll be prepared for anything that comes your way when you’ve built a solid savings account. Sure, it might take you a bit longer to save the $5050, but it’s still a fantastic way to stack up some of your cash and create a savings account, whether you plan to use it as your vacation fund or would rather have it in case of any emergencies that might pop up at the most unexpected moments. CLICK IMAGE TO DOWNLOAD The Different Variationsĭid you know there are different variations of this challenge that you can try? Instead of filling an envelope each day, you can fill an envelope on a weekly, bi-weekly, or monthly basis. Once you do the math, you can then determine how often you’ll need to stuff your envelopes with cash in order to achieve your savings goal. If you need to save more than that, all you have to do is calculate the amount of money you’d like to have saved in your account by a set period. You can also choose to try to save more than $5050. When you think about it, that could be your vacation fund, whether you’re taking a trip to Disney World or planning to head somewhere outside the country. Have Fun Picking Out an Envelope Each DayĬan you imagine saving $5050 that quickly? In 100 days, you’ll have a little over $5000 available to spend.Grow Your Savings Account at a Steady Pace.Set Aside a Reasonable Amount Each Day (Anywhere Between $1 and $100).Check out the following advantages associated with this challenge: Not sure if this is a challenge for you? Don’t sweat it! If you’re motivated enough, you can successfully save a decent chunk of change. The Advantages of the 100 Envelope Challenge If you do this each day, you’ll end up with thousands of dollars saved that you can add to your savings account and access whenever you’d like to purchase something special. You never know what you’re going to get, but whatever you do get, you’ll add that amount into the envelope and set it aside. After writing on your envelopes, flip them over and pick one each day for the next 100 days. Each envelope should have a different number on it, starting with one until you get all the way up to the last one, which would be the 100th envelope. With this challenge, you need to purchase 100 envelopes and then number them. What Is the 100 Envelope Challenge?īefore you can do the challenge, it helps to know what it entails and how it helps you save money. No matter your reason for wanting to save more money and grow your savings account, the 100 Envelope Challenge is worth a try. I’ve used it to save to have extra cash during maternity leave. When you save extra cash, you’ll have more money to do what you love, whether that involves going on vacations to make memories with the family, taking trips to the spa for pampering and relaxation, or even buying new things, such as clothes or a vehicle. The challenge makes the idea of saving money less stressful and more manageable for everyone, even those on tighter budgets. CLICK IMAGE TO DOWNLOADĭo you want to challenge yourself to save more money and build a solid savings account stacked with plenty of extra cash? If so, one of the best ways to make it happen is with this 100 Envelope Challenge. It makes the process of growing savings account simple, stress-free, and FUN to do. Learn how to save money with ease using this 100 Envelope Challenge. Save $5,050 in 100 Days with this 100 Envelope Savings Challenge
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