I’m excited to share this FREE printable 100 Envelope Challenge chart! If you’re looking to pad your bank account with extra cash this year, doing a 100 envelope challenge is a fun way to save up a lot of money. Whatever your savings goal, you can decide how much money you want to save and organize your 100-day money challenge around your own financial goals.

How to Do a 100 Envelope Savings Challenge

You may have heard of the trending 100-day envelope challenge on TikTok. The big idea blowing up on social media is that you can save up $5,000 by saving cash in empty envelopes for 100 days. This particular 100-envelope challenge is a good way to start small and build a good savings habit on a daily basis. For this particular trend you would grab 100 envelopes, label them numbers 1-100 and then fill them each day with the amount of money that matches the envelope number. So, for example, on day 36 you would place $36 in envelope number 36. By the end of 100 days, if you’re able to stick to it, you would have saved $5,050.

While it sounds like a fun challenge, I don’t see it being practical for everyone. There are different ways to do an envelope challenge:

The pick a random envelope each day challenge variation

In this variation of the original challenge, you would still number the envelopes 1 through 100, but each day you would blindly grab a random envelope, and then fill that one. So on day one, you could potentially end up with number 99, and so on. Doing it randomly can potentially reduce the amount of money you’re having to set aside in the second half of the challenge, or not, since it’s random. By the end, you will still stash the same amount of money, just in a slightly different way.

The save what you can 100 day savings challenge

Can’t afford to set aside $5,050 in 100 days? Don’t feel bad, most people can’t. But that doesn’t mean you can’t do the 100 days envelope challenge. You just need to do what works for you. That’s the most important part of money management in my mind any way, doing what works for you, your budget, your expenses and your priorities. The point of this challenge is to create a saving habit, so the amount of money you save, even if it’s a little bit, doesn’t so much matter. It’s savings practice, and everyone has to start somewhere. If you can only save one dollar per day for 100 days, well then you’re going to have 100 cash savings that you didn’t have before! That is still a good amount of money, so don’t let it get you down if you can’t start with saving $5,050 in the envelope money-saving challenge!

Financial Advisor Envelope Challenge Take

I’ve read in various articles that financial advisors aren’t loving the idea of saving up cash in a bunch of envelopes. I have to say, I agree with what I’ve read, in part. I think this is an effective way to start hitting your savings goals and to develop a habit of saving. I also love this idea for specific goals, like saving X amount to pay off credit card debt, make a specific purchase, pay off student loans, or go on a dream trip. However, you probably don’t want to keep your cash in envelopes forever. Once you have enough money to reach your goal, it would be good to start saving in a place that can collect interest instead of debt.

Free Printable 100 Envelope Challenge Chart

I made this free printable tracker for you! This is an easy way to track your 100 Envelope Challenge, and you can use this same chart whether you do the traditional challenge, set your own amounts, do the random order idea, or whatever you choose. If you decide to do random order money envelopes, you would just check off the # on the chart that you chose each day until they’re all filled in. Of course, if you go in order, you just check off each day as it comes. It doesn’t matter what amount of money you decide to save, even if you’re just trying to save up a little extra money or teach yourself to stick to something, you can still use this chart. You can also ask a friend or family member to join you in the challenge!

Download the Free Printable 100 Envelope Challenge Chart

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free printable 100 envelope challenge chart

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