How to use the 100 envelope challenge step-by-step with free printables that will keep track of how much you save. The 100 envelope challenge helps you save $5,050 in a relatively fun way. You number 100 envelopes from 1 to 100. Each day you pull out a random envelope and put in the amount of cash that is written on the envelope and seal it.. The 100 Envelope Challenge is a budgeting strategy laid out in a motivating pdf. This financial challenge encourages saving money through small incremental amounts in 100 envelopes. The pdf guides users to label 100 envelopes with monetary amounts ranging from $1 to $100. The pdf details how to proceed with the challenge.
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In order to do the 100 Envelope Challenge you need to take 100 envelopes and label them with numbers 1-100. You can just use plain white envelopes like these, or order some in jazzy colours like these ones here . Give those envelopes a shuffle and place them at random in a box. Then you will take one envelope from the box twice a week.. The 100 envelope challenge lets you save $5,050 in 100 days. Here’s a breakdown of how the 100 envelope challenge math works: Envelopes 1 to 10 completed = $55 saved. Envelopes 1 to 25 completed = $325 saved. Envelopes 1 to 50 completed = $1,275 saved. Envelopes 1 to 75 completed = $2,850 saved.