![]() Just, this time, you won’t do this every day you’ll do it every week instead. How does it work? Again, you need to have 100 envelopes, write the numbers on each, and draw them out randomly. If you’re low on cash, you can do a 100 envelope challenge on a weekly b asis. ![]() The envelope challenge can be done in different ways. If you do this right, you will end up with $5,050! Different Ways to Do the Envelope Challenge To complete the challenge fair and square, you must do this for 100 days (hence the name of the challenge), or 14 weeks, i.e., until you empty the box. You can use a 100 envelope challenge app, a paper ledger, or a spreadsheet. Keeping track of your progress will help you stay motivated to continue saving money. You can use another box or if you want to keep all your envelopes in the same place, try separating the ones you used. Put That Envelope Asideĭon’t forget to put the envelope you’ve just filled with your paper money aside. This way, you’ll get rid of the C-note pretty early, which means you’ll have to put much less money in the following days. If you pull out an envelope with the number 100 written on it on your first day, consider yourself lucky. Now, this is probably the hardest part of the 100-day-saving challenge, so be strong. Put the Corresponding Cash Value Inside the Envelopeįor example, if you pick up the envelope with the number 30 on it, you must put $30 inside it. What makes the challenge exciting is that you never know how much money you’ll save each day, so try not to cheat! 5. Pick a Random Envelopeįor the 100-day envelope challenge to work, you need to take one envelope out of the box every day without looking at it. Now put the envelopes into the box and shuffle them. ![]() This can be any kind of box, from a standard shoebox to a lovely wooden treasure box. You can start from number one since you’ll be shuffling the envelopes. Take a pencil and write a number on each envelope from 1 to 100. You can also use a roll of coins, but we suggest using paper money because it’s much lighter. Get the standard letter-sized envelope that’s big enough for your cash bills.
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