The 100-Day Envelope Problem: Save $5000+ In Months!

100 day envelope challenge

Whereas saving cash is all the time a sensible concept, typically it may be troublesome to inspire your self to put aside a piece of money each paycheck. So should you wrestle with saving each month, you may need to check out a financial savings problem, just like the 100-day envelope problem.

With this problem, you possibly can find yourself saving over $5,000 in simply 100 days!

Prepared? Let’s get into it!

What’s the 100-day envelope problem?

It’s a preferred concept to assist contributors lower your expenses in a straightforward and enjoyable means. This development makes use of envelopes to avoid wasting numerous quantities of cash over 100 days.

Who would profit from a 100-day envelope problem?

Almost anybody can profit from the problem, as the typical American has solely $62,000 in savings.

And whereas that would look like so much, take into account that experts recommend preserving three to about six months of your typical bills for emergencies.

As well as, that doesn’t depend financial savings for issues like a automotive, a down fee on a home, or an upcoming journey.

If you wish to lower your expenses however wrestle to set some apart every month, then you may benefit from the 100-day envelope financial savings problem. It may be the proper answer to avoid wasting a considerable amount of money in a brief period of time.

The 100-day problem may work effectively should you:

Why must you do the 100 envelope financial savings problem?

In case you don’t have a lot in your financial savings account or have a giant expense developing that you want to save up for, then the 100-day envelope problem could be a great possibility for you.

As well as, if cash administration is troublesome for you, the envelope cash problem generally is a good place to begin.

Many People have struggled to maintain up with their financial savings currently. The typical quantity in private financial savings has dropped considerably just lately, according to a study by Northwestern Mutual.

So participating within the 100-day cash problem will help you preserve and even construct up your financial savings.

Can you actually save $5,000 with the 100 envelope financial savings problem?

Sure, you completely can! Listed below are the small print:

The way it works

You are taking 100 envelopes and label them with a greenback quantity of 1 to 100. Combine them up in random order and every day you choose one.

Relying on the quantity you choose, you set the money within the envelope and set it apart.

For instance, should you draw the quantity 15 envelope someday, you’d put $15 money within the envelope, seal it, and set it apart. If one other day you draw the quantity 7 envelope, you set in $7, and so forth.

Every stuffed envelope will be put aside someplace protected with the intention to attain your financial savings purpose.

In just a few brief months, you can find yourself saving over $5,000 should you follow the problem every single day. Nonetheless, should you don’t do the problem every single day, it may take you longer to finish it.

Financial savings breakdown

Over the course of 100 days (which is somewhat over 3 months), you may save $5,050.

In case you select to do the envelopes so as, then your financial savings would look one thing like this:

Day 1 – save $1, $1 saved

Day 2: Save $2, $3 saved

Day 3: Save $3, $6 saved

And so forth, till you attain the final envelope. After all, should you select numbers randomly, then your financial savings fee could possibly be fully completely different. For instance:

Day 1: Save $20, $20 saved

Day 2: Save $10, $30 saved

Day 3: Save $5, $35 saved

Simply know that no matter means you select to avoid wasting, you’ll ultimately attain your purpose of $5,050.


You can too resolve to unfold the times out a bit, for instance not doing the problem on the weekends. It will take you longer to finish the 100-day envelope problem however would permit you to spend that additional money on another issues.

As one other various to saving money, you can add the amount of cash to a selected financial savings account every day, as a substitute of an envelope. It could be a extra handy, in addition to a safer option to retailer your cash.

The problem will help you lower your expenses however provided that you keep it up. In case you love video games and challenges, it could possibly be the motivation you want to begin growing a financial savings behavior.

What you want for a profitable 100 envelope financial savings problem

100 envelope savings challenge

There is a minimal quantity of provides wanted for this. To begin off the problem the proper means, you may want:

  • A field of envelopes (at the least 100. Colourful envelopes will be enjoyable too!)
  • One thing to write down with like a marker or pen
  • A spot to maintain the envelopes like a basket or a storage field
  • An envelope problem tracker: You may make your personal by writing in a pocket book or binder, or preserving a notice in your telephone should you do not need to search for a printable or purchase one.

Execs and cons of the 100 day envelope problem

There are a number of advantages to the problem, though it won’t be for everybody. Listed below are among the good and not-so-good issues concerning the problem:


Listed below are the issues that make the 100 envelope financial savings problem nice. After studying this, you may need to give this enjoyable problem a strive!

Makes saving straightforward and enjoyable

Who does not love a great sport? If you’re aggressive and love taking part in video games, this problem could possibly be the motivation you want to begin saving.

Doesn’t require a lot cash to begin

Some days you may simply want $1 or $2. Essentially the most you may want in someday is $100. And the supplies to get began are tremendous straightforward to get too. You will simply want some envelopes, a pen, one thing to write down on, and naturally, money.

Can regulate it to suit your spending habits

If you cannot afford to place apart money every single day, you possibly can regulate the 100 day envelope problem to suit your way of life.

You’ll be able to take weekends off or resolve to postpone the problem by every week or two if you want to. There’s numerous flexibility with the way you save, and you will nonetheless ultimately attain your purpose.


Listed below are the issues that are not as handy about this problem. Maintain these in thoughts should you select to strive it out.

It’s good to use money, which not everybody has readily available lately

The largest draw back to the 100-day envelope problem is that you want to use money to do it. Not everybody likes to make use of money or has it useful. In case you desire going digital, you may need to contemplate one of many different challenges under.

Takes simply over three months to finish at a minumum

The financial savings problem takes just a few months to finish. To get the total advantages, you may have to work on the problem almost every single day for at the least three months or longer.

Will not be the perfect technique for individuals residing paycheck to paycheck

If you do not have numerous spare money every single day, this cash financial savings problem won’t be for you.

As an alternative, search for challenges that require much less money up entrance, such because the penny financial savings problem (extra on that under).

Different money-saving challenges to strive as a substitute

There are fairly just a few money-saving challenges and the 100-day envelope problem is only one of them.

It won’t be for everybody, so try a few of these different money-saving concepts to see which one would give you the results you want:

The 52-week problem

With the 52-week problem, you save a selected amount of cash every week for a complete of 52 weeks or one yr. You begin by saving $1 within the first week, then add $1 for every subsequent for a last whole of $1,378.

The 30 day no spend problem

This problem is to maintain you from overspending. You decide to a selected time-frame, like a month, and solely spend cash on stuff you want.

Which means no buying journeys or shopping for extras like espresso, consuming out, or something nonessential.

$5 financial savings problem

One other enjoyable money-saving problem that’s just like the 100 day envelope problem is the $5 financial savings problem.

On this problem, each time you get a $5 invoice, you put it aside for 90 days. On the finish of three months, you must have a large quantity saved up.

Penny financial savings problem

The penny financial savings problem is simple to comply with. You begin by saving a penny on day one, then add an additional penny every day for an entire yr. By the yr’s finish, you’ll have saved a complete of $667.95!

Espresso break problem

Do you like your espresso breaks? As an alternative of shopping for a latte, arrange a piggy financial institution and put the cash in a jar each time you make your coffee at home.

The problem encourages you to economize on these pricey drinks and you can find yourself saving just a few hundred a yr!

30-day minimalist problem

The minimalist problem encourages you to do away with one thing every single day. Whereas it’s not a financial savings problem per se, it could actually enable you to focus much less on spending and extra on having fun with the issues you have already got.

Attempt the 100-day envelope problem immediately!

In case you want a easy and quick option to save just a few thousand {dollars}, then strive the 100 day envelope problem. It requires few provides and takes little or no time to finish annually.

And when you’re carried out, you’ll have saved over $5,000! Plus it could actually enable you to get within the behavior of saving and increase your emergency financial savings fund.

When you save up that cash, you could be questioning what to do with it. Intelligent Woman Finance has a number of articles about investing, frugal residing, and rising your cash.

And it doesn’t matter what, ensure you have a plan to your funds so you possibly can obtain your objectives!