The 100 Envelope Challenge is a Fun Way to Save Over $5000 Dollars Fast
I am not great at saving money. I have been better during the pandemic, but only because I am not going out as much. That being said, I would like to be saving even more. I am not one for 'challenges' typically - but this 100 envelope challenge has my attention.
How does saving $5,050 dollars in just 100 days sound? Apparently you can in just 100 days. I should preface, I did not math on this at all. I am going off information from my mother, and the The Daily Mail. The instructions to participate are as follow,
- Get a box of 100 envelopes
- Number envelopes 1 to 100
- Mix up the envelopes
- Put the envelopes back in the box
From there you will pick two envelopes every week. For example, let's say you pick the envelope numbered 5 - put $5 dollars in that envelope. If you then draw the envelope numbered 25 - put $25 dollars in that envelope.
If you are in a relationship, each of you could do one envelope per week too. Even if you fill just one envelope per week, you are still saving money. I just hope I don't pull envelope numbered 100 first.
If you commit to doing this, let me know. I am planning on grabbing some envelopes tonight after work, and starting tonight. I don't usually stick to a lot of things (that are good for me), so I am really going to make myself stick with this. 100 days, equals money saved. I am going for it.