![]() ![]() Mark down or put the extra two dollars in another envelope for when you are short another day! Make It Easy, Obvious, & Fun Let’s say you saved $9 by not getting your Starbucks, but your envelope was 7. There will likely come a day when you don’t feel like doing the challenge. Try one of these free printables to help you get started. It’s the end result that matters, so adjust as you need to! Free Printable 100 Envelope Challenge Chart ![]() Instead of 100 days, do the challenge in 200 days. Solution: Extend the amount of time you have to do the 100 envelope challenge. This challenge has a longer time frame and you can change the overall number. Solution: If that is the case, try the 52 week savings challenge instead. It may be too difficult if you are already incredibly strapped for cash. This 100 day savings challenge should stretch you, but also be realistic. Make yourself accountable in some way! It Requires A Surplus Solution: Do the challenge with a friend, post it on social media, or make a bet with a family member. ![]() (Just be sure to keep marking on your free 100 envelope challenge chart!) It requires commitmentģ months is not a short amount of time, and some days will be difficult. At the end of each week, count up your total and move the funds from your checking account into a specific debt payment or savings account (i.e. Solution: Ditch the cash/envelopes entirely and do it digitally. You can also go to an all cash budget during the 100 days. Solution: Determine how much you will need and take the cash out BEFORE the challenge starts. Most of us keep track of our money digitally these days. Next, this challenge is amazing! But there are a few things that trip up participants. Common Issues With the 100 Envelope Challenge It will help you question all of your expenses, to see where it is worth it for you to spend and save. This challenge is a great opportunity to start at ground zero again. Perhaps you haven’t kept track of your spending as much as you’d like. This is how fortunes are made! It’s Great For Trimming Up Your Budget In my opinion, the BEST benefit of any challenge is that it helps you build a long-lasting habit.Īt the end of 100 days, you will be accustomed to looking for ways to save. Plus, if you pick the envelopes at random, you never know ahead of time how hard or easy your day will be. What’s more fun? A challenge that stretches you or another “I should” statement you know you won’t follow through on. Find your envelope labeled “33” and use it (instead of picking at random). For example, if you call Netflix and stop your service for 3 months, that saves you $33. VARIATIONS: You could also go in order or deliberately choose the envelope. (If you draw a 17, put $17 in that envelope.) That is the amount you need to save for that day. Each day, pull out an envelope at random. Put your envelopes in your box for safe keeping.ģ. These are the dollar amounts you will put into each envelope. Take your 100 envelopes and label them 1-100. How to do the 100 Envelope Challenge: Rules And if you don’t want to use all of the envelopes, you can still do the challenge with just the tracker! The printable makes a nice visual to mark your progress as you go.
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