100 Envelope Savings Challenge
Looking for a way to save money this year? If so, you should consider participating in the 100-envelope savings challenge! This is a great way to get your finances in order and start saving money.
The 100 envelope challenge is a great way to kick start your savings and make it a fun experience while you’re at it.
HOW THE 100 ENVELOPE CHALLENGE WORKS
You can utilize whatever form of envelope you want; you can go buy security envelopes, regular generic envelopes, or you can use these free printable envelopes.
PRINT OUT 100 ENVELOPES OR BUY A BOX OF 100 ENVELOPES
Label them legibly and clearly, so that when you or other participants draw, they are not confused as to what may be a six, a nine, or who knows what.
WRITE THE NUMBERS 1 – 100 ON 100 INDIVIDUAL ENVELOPES
This way you can avoid pulling already filled envelopes or digging through cash stuffed envelopes to get to the empty ones.
PUT THE EMPTY ENVELOPES IN A DRAWER OR A BOX
You can customize this 100 envelope money-saving challenge to suit your needs and your current budgeting system by stretching out the timeline.
EACH DAY, WEEK, OR EVEN MONTH, PICK ONE ENVELOPE AT RANDOM
Once you draw an envelope on your scheduled time frame, you should immediately put the required amount of money into it and put it away.
PUT THE LABELED DOLLAR AMOUNT IN THE ENVELOPE AND STORE IT IN A DIFFERENT DRAWER OR BOX
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