![]() I completely understand the saving so much money in such a short amount of time is daunting. What do I do if I don’t have enough money to complete the challenge? Since you won’t be using physical envelopes and there isn’t a way to use digital envelopes, you can use an online random number generator to help you pull a number for that day or week. You will then just transfer money into that account every time you pull an envelope. Start by using my printable 100 envelope challenge chart above and then create a separate bank account to deposit the money into. If you would rather not complete the money savings challenge with physical envelopes and money, you can do the same challenge digitally. How do I do the 100 envelope challenge digitally? Think of this way – you know how excited you were as a kid to put money into your piggy bank? It’s like that feeling every time you have a filled envelope. Once you have filled that first envelope, you will understand. You are less likely to spend that money like you would if it were in a checking account, and you are more likely to complete the challenge because you are attached to that money. That is why, choosing to have physical cash that you have to use to stuff an envelope, helps keep you on track. It’s easy to swipe a credit card and spend money but you can’t easily do the same to save money. If there is one thing that I agree with Dave Ramsey on, it’s that you have more of an attachment to physical money. Why do you use physical cash and envelopes for this challenge? ![]() For example, you could pull 14 envelopes and fill those every two weeks or you can decide you have a certain amount set aside to fill the envelopes even if you do not complete the challenge within the 100 day timeframe. If you get paid bi-weekly, you can adjust the 100 envelope challenge to fit your budget. How to do the 100 envelope challenge if you get paid biweekly? If you complete the 100 envelope money challenge, you will save $5,050. How much money will I have if I do the 100 envelope challenge? The 100 day money challenge is just another name for the 100 day envelope challenge but it’s the same money challenge. ![]() If on day two you draw the number 3, you’d deposit $3 into that envelope and seal it and continue this for 100 days.īy the end of the challenge, you will have saved, $5,050!! 100 Envelope Challenge Physical Envelopes Numbered What is the 100 Day Money Challenge? You then shuffle the envelopes and place them into a bucket or basket.Įach day you draw a random envelope and whatever number you draw, you place that dollar amount of cash inside and you do this for 100 days until the envelopes are filled.įor example, if on day one you draw the number 67 you would deposit $67 into that envelope and seal it. You start with 100 envelopes and write one number from 1-100 on each envelope. So, I created a 100 Day Envelope Challenge Printable that you can color daily as you fill each envelope with cash! You can get that here.ġ00 Envelope Challenge Printable Tracker How to Do The 100 Envelope Challenge In addition to the above supplies, I decided that it only made sense to have some sort of visual that will help you keep track of how many days you’ve completed. Box or Container to Store Them In – I like to use a decorative photo box.Stickers – This is optional but is a fun way to seal your envelopes.Cash (you can withdraw a certain amount each paycheck or run to the bank each day as needed).Black Sharpie – This is to write the numbers on the front.Envelopes – I really love the colorful ones because it just makes everything more fun. ![]() What You Need To Do The 100 Envelope Challenge You fill the cash envelopes each day with a predetermined amount of cash over the course of 100 days until you have filled each envelope number and reach your savings goal. The 100 envelope challenge is a money-saving challenge that uses physical envelopes and cash to help you establish over $5,000 in savings in nearly 3 months time.
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