What is the 100 day envelope challenge?

At its core, the 100 day envelope challenge is a way to simplify saving. You take 100 envelopes and number them from one to 100. Each day, you'll take out one envelope and put the amount in cash that's written on the envelope. That means you'll put $1 in “Envelope 1,” $2 in “Envelope 2,” and on through 100.

How do I create a 100 envelope challenge?

Step 1: Download my free 100 envelope challenge printable tracker chart ( pictured below) and decide which variation of the challenge you're going to do. There's a printable for the classic 1-100 challenge and a blank version you can customize. Step 2: Have a separate bank account set up for your challenge savings.

How many envelopes do you need for the envelope money challenge?

Take out one envelope each time you receive a paycheck. If you are paid weekly then the challenge will continue for 100 weeks (just under 2 years). You can also use less than 100 envelopes. This envelope money challenge is a fun way to save money. Cash stuffing envelopes somehow makes saving more enjoyable.