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The 100 Envelope Challenge: A fun way to save money

Learn how to save over $5,000 in 100 days with this simple and effective money-saving strategy.

The 100 Envelope Challenge: A fun way to save money
The 100 Envelope Challenge: A fun way to save money

The 100 Envelope Challenge is a popular money-saving strategy that has gained traction on social media platforms like TikTok. The challenge promises to help participants save over $5,000 in just 100 days by following a simple system of saving cash in labeled envelopes.

How does the 100 Envelope Challenge work?

The challenge is quite straightforward. You will need 100 envelopes and a marker or pen. Number the envelopes from 1 to 100. Each day, you will select an envelope at random and put the corresponding amount of cash inside. For example, on day 1, you might pick envelope number 5 and put $5 inside. On day 75, you might pick envelope number 37 and put $37 inside.

By following this system consistently over 100 days, you will have saved a total of $5,050. The challenge is designed to help you save money gradually and build a habit of saving regularly.

There are several reasons why the 100 Envelope Challenge has become so popular:

  • It is simple and easy to understand. The challenge is easy to set up and requires no prior knowledge of financial planning.
  • It is a fun and engaging way to save money. The challenge element makes it more enjoyable to save money and can help you stay motivated.
  • It is a relatively quick way to save a significant amount of money. By saving $50 per day, you can save over $5,000 in just 100 days.

Is the 100 Envelope Challenge right for you?

The 100 Envelope Challenge can be a great way to save money, but it is not for everyone. Here are a few things to consider before you start the challenge:

  • Your financial situation. The challenge requires you to have some disposable income to save each day. If you are struggling to make ends meet, the challenge may not be right for you.
  • Your saving goals. The challenge can help you save a significant amount of money in a short period of time, but it is not a long-term savings plan. If you are saving for a specific goal, such as a down payment on a house, you may want to consider other saving strategies.
  • Your motivation. The challenge can be a great way to get started with saving money, but it is important to be motivated to save in the long term. If you are not sure if you can stick to the challenge for 100 days, it may not be the best option for you.

Tips for completing the 100 Envelope Challenge

If you decide to try the 100 Envelope Challenge, here are a few tips to help you succeed:

  • Set realistic goals. Don’t try to save too much money too quickly. Start with a small amount and gradually increase your savings as you become more comfortable with the challenge.
  • Make a budget. This will help you track your income and expenses and ensure that you have enough money to save each day.
  • Be consistent. The key to success is to be consistent with your savings. Make a plan to save money each day and stick to it.
  • Find a support system. Tell your friends and family about your challenge and ask for their support. Having people to encourage you can help you stay motivated.


The 100 Envelope Challenge can be a fun and effective way to save money. If you are looking for a simple and easy way to start saving, this challenge may be a good option for you. However, it is important to consider your financial situation, saving goals, and motivation before you start the challenge.


To learn more about the 100 Envelope Challenge, you can visit the following websites:

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