The 100 Day Envelope Challenge: $5k in 100 Days

by admin

Author: Mike Ross

If you’re looking for a creative way to save money, the 100 Day Envelope Challenge may be for you. This challenge encourages people to save money by putting money in envelopes labeled with different savings goals and numbers. 

For example, you may have an envelope for a vacation fund, a down payment on a house, or emergency savings. The goal is to save over $5,000 in 100 days. 

What is the 100-Day Envelope Challenge?

The 100 envelope challenge is a saving exercise. You begin with 100 envelopes and write a number from 1 to 100 on each one. Every day, you pack an envelope randomly and save whatever number you found on the envelope inside. 

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For example, if you pick 50 on day one, you would put $50 inside that envelope and seal it. 


If you pick the number 3 on day two, you would deposit $3 into that envelope. If you do this persistently for 100 days, you should have $5,050 by the end of the challenge. 

Tips for a successful 100-Day Envelope Challenge

Make a Plan: Decide how much money you want to save each month, and work toward that goal.

Be Disciplined: Maintain a budget and stick to it no matter what. Ensure you always have the cash to fund your savings practice, 

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The Pros and Cons of the 100-day Money Envelope Challenge

The envelope challenge is enjoyable and productive. However, like anything, there are potential benefits and drawbacks before proceeding.

Pros of the 100-day Money Envelope Challenge

  • It’s a creative way to save money quickly.
  • You can access your money anytime.
  • If your financial situation worsens, you can pause and resume the challenge.
  • It enhances money-saving habits.

Cons of the 100-day Money Envelope Challenge

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  • Serious motivation is required to see this through.
  • You might not have enough cash for your envelope on some days.
  • You can forget about the envelope and skip a day.
  • Keeping money in cash can be dangerous (Envelopes can be easily misplaced or stolen).

Why Should I Take the 100 Envelope Savings Challenge?

The 100 envelope challenge is an excellent method to save money, particularly if you don’t have a good saving habit. Your financial well-being depends on having emergency cash. In case of emergency, having some cash on hand might help beyond your imagination. Also, this challenge can save you from being in debt due because of the accessibility of your cash. 

It can also be a problem solver if you have bad credit and rely on high-interest lending choices like online payday loans or title loans to acquire money.


Saving money practices, such as the 100 Envelopes Challenge can be a fun and effective method to save money. You can start with a little amount of money, such as one dollar. This creative money-saving approach motivate participants to save money and watch their savings accounts increase over time. Furthermore, practicing saving skills in a fun way can help you save a considerable sum. Whether you want to save for a trip or a down payment on a house, the 100 envelopes challenges can help you get started.


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