Now that you know what the 100 day envelope challenge is, I want to express that I find this a fantastic idea. You can save $5,000 in 3 months by completing the 100 day money saving envelope challenge because that is about how long it takes to complete this challenge. Or you can do the 100 day envelope challenge as-is and complete it in about 3.5 months. There are 182.5 days in 6 months so you can adjust the 100 day envelope challenge to take a little longer to complete.
How can I save $5,000 in 6 months with envelopes? 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!! What is the 100 Day Money Challenge? You then shuffle the envelopes and place them into a bucket or basket.Įach day you draw an envelope and whatever number you draw, you place that 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. The 100 envelope challenge is a money saving challenge. The possibilities are endless! What is the 100 Envelope Challenge? This trend is perfect for saving on a down payment for a house, paying off debt, saving for a vacation, etc. This money hack has gone viral lately (and with good reason) because it leaves you with an extra $5,050 in your life. Actually, $5,050 to be exact.īy now, it’s likely you’ve heard about the 100 Envelope Challenge which is the newest trend in the money management and finance world and is precisely how you’d get your $5,000. The reality is, that money could truly be yours in as little as 100 days from now.
How does an extra $5,000 sound right about now? If you say that could change your life, you are not alone.