100 envelope challenge

Dollarforcent

(To save over $5,000 in less than 3.5 months)

One way of overcoming saving difficulties is through money saving challenge. The 100 envelope challenge will help you jump-start your savings goal in just over three months.   

100 envelope challenge

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It is the money-saving trend going viral on social media platforms. The motivational money-saving challenge helps you save money using 1 to 100 numbered envelopes. 

What is the 100 envelope challenge?

Floral Pattern
Floral Pattern

100 day money saving challenge

The 100 day money saving challenge is what the 100 envelope challenge implies. It is all about making savings a practice.

The challenge will kick start the most challenging task of saving money- which is actually putting the money aside.

Benefits of Money Saving Challenge

Floral Pattern
Floral Pattern

The hundred envelope challenge starts with 100 empty envelopes labeled  1 to 100. These envelopes will be shuffled randomly and stored in a basket. 

How does the 100 envelope challenge work?

Each day, you’ll take an envelope out and check the number on the envelope. Then you’ll place the amount of cash equal to the number on the envelope and carefully tuck it somewhere safe. 

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