If you happen to pull out number 100 and number 99 in one week and really can't afford it, there's nothing stopping you from putting one high number back and having another go, or simply use the above high and low method. The great thing about this challenge is how easily it can adapt to your budget and payment dates. That way you would never have to save more than £150 in any given week. If you're worried you wouldn't be able to afford two high numbers in one week, you can separate them into two piles and pull one from each. Looking for more ways to save cash? Check out our 100+ Ways to Save Moneyġ00 Envelope Saving Challenge Tips Highs & Lows We have loads of free printable templates available to help you with everything from Money Saving and Income tracking to Meal planning and Debt Management over on our Freebies section You’ll be hitting your savings goals in no time! Well, that's the easy part! Simply click here and you can print the PDF off at the click of a button. ![]() Here’s a preview, you can download the high-def PDF further down or click on the image. Use this free template to keep track of your weekly save, which you can download and print off completely free of charge. You can also get them from any supermarket pretty cheaply, Tesco sells a pack of 50 for just £1 here. I purchased mine from Amazon, they were £3.51 with free delivery for 100 here - Amazon Envelopes Search for dinner money envelopes as they are a perfect size. So if you pull out envelope number 12, you put in £12, and if you pull out an envelope number 49, you put in £49, meaning that week you would be saving a total of £61.īy the end of the challenge, you will have saved £5050. Whatever envelopes you pick out you have to fill with the equivalent amount of money stated on the envelope. The challenge is supposed to be 2 envelopes per week for 50 weeks, but you can adapt it to your pay schedule if needed and do 8/9 per month or even 4 per fortnight. Get 100 paper envelopes, Label each one from one to 100, and pop them in a bag or box. The basic principles of the 52-Week Challenge are simple, and the point of the envelope challenge is to make it a fun, affordable way to save. How to Complete the 100 Envelope Challenge We're always on the lookout for ways to save money – but it's not always easy to find a savings method that works for you, this one has taken off recently on TikTok and our community is loving it. It's an easy challenge that can money savers are using to save a whopping £5,050 in one year (some even 6 months) it can be adapted to suit your income & payment schedule - which is why it's so popular. ![]() Want more money saving challenge ideas to try? Check out my post on 25 of the best money saving challenges to boost your wealth.The 100 Envelope Challenge is the newest craze in Money Saving Challenges. The only proviso is that the 100 envelopes add up to your target total. Switch it up a bit by choosing different, random amounts. Start with the total you want to save then divide that total by 100 – this gives you 100 envelopes with the exact same amount. Your envelope challenge might be for 100 days, for 6 months or 52 weeks. You have to be realistic with challenges. If you want an envelope money saving challenge then create one that means you will be stretched but not left with no money for food. Today, it could be the penny challenge or the $5 challenge. In future years you might well be doing the 100 day money challenge. Make the challenge appropriate to your financial situation right now. This doesn’t mean you cannot challenge yourself. When you’re a low income family or a singleton, the idea of saving $100 in a week can be a big ask. Your money, your choices.Ĭustom money saving challenges for low income families You could stretch the 100 envelope challenge to 6 months, 12 months or longer. ![]() You could do a 100 envelope challenge twice a week. If your budget does not stretch to this kind of cash saving on a daily basis then chose a variation from below or make up your own. In 3 days you are now trying to stuff $290 into envelopes.
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