100 Envelope Challenge

How to use the 100 envelope challenge step-by-step with free printables that will keep track of how much you save

What is the 100 envelope challenge?

Put 100 envelopes in a box and shuffle them. You then randomly pull out one envelope from a box and stuff it with the amount of money that is written on that envelope. When all envelopes are filled you will have saved $5,050. You can use this extra money to create an emergency fund, pay off your credit card debt, or go on a vacation!

The money challenge went viral on TikTok since it helps you save a decent sum in a relatively short amount of time. If you combine it with the cash envelope system then you can save even more!

If you would prefer a 52-week challenge, then see our 52-week money-saving challenge.

How to do the 100 envelope challenge?

You will need the following:

• 100 envelopes
• A marker
• A box or huge envelope to store the 100 envelopes
• Access to $5,050 that you will save during the challenge

Directions:

1. Take 100 envelopes and label them with numbers starting from one to one hundred.
2. Shuffle the envelopes so that they are arranged in random order.
3. Put the envelopes in a storage box (or a shoebox).
4. Over the next 100 days (or any other timeframe you decide on), you randomly pull one single envelope out of the box.
5. You check what number it is and put that amount of cash in the envelope. For example, if you pull out envelope number 54 then you put $54 in the envelope.
6. If you keep doing this until all the envelopes are full of cash then you will have $5,050 by the end of the challenge.