How to Do the 100 Envelope Challenge (Save $5,050!)

By Brittney •  Updated: 01/27/22 •  4 min read

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How would you feel if you were able to save an extra $5,000+? I think for most people, $5,000 could really make a difference in their financial life.

You could pay off some debt, get started with investing, or even just use the money to help offset your regular expenses.

But how do you even save $5,000?!

There is something called the 100 envelope challenge that can help you save $5,050 in one year (or in a 100 days if you’re feeling ambitious).

The 100 envelope challenge has gone viral on TikTok recently, and I’ve also seen it talked about on Twitter and Facebook.

If you have a big savings goal and you’re interested in learning more about this challenge, keep reading!

What is the 100 Envelope Challenge?

For the 100 envelope challenge, you take 100 envelopes and label each one from 1 – 100.

Each week you will pull two envelopes randomly and save the amount that’s labeled on each envelope. So if you pull #13 and #54, you will save $13 in one envelope and $54 dollars in the second envelope.

You keep repeating this process each week for one year, and after filling up each envelope you will have saved up $5,050!

How much do you save with the 100 envelope challenge?

If you’re interested in doing the classic 100 envelope challenge, you will save $5,050.

100 Envelope Challenge Chart

EnvelopeAmount SavedTotal Saved
1$1$1
2$2$3
3$3$6
4$4$10
5$5$15
6$6$21
7$7$28
8$8$36
9$9$45
10$10$55
11$11$66
12$12$78
13$13$91
14$14$105
15$15$120
16$16$136
17$17$153
18$18$171
19$19$190
20$20$210
21$21$231
22$22$253
23$23$276
24$24$300
25$25$325
26$26$351
27$27$378
28$28$406
29$29$435
30$30$465
31$31$496
32$32$528
33$33$561
34$34$595
35$35$630
36$36$666
37$37$703
38$38$741
39$39$780
40$40$820
41$41$861
42$42$903
43$43$946
44$44$990
45$45$1035
46$46$1081
47$47$1128
48$48$1176
49$49$1225
50$50$1275
51$51$1326
52$52$1378
53$53$1431
54$54$1485
55$55$1540
56$56$1596
57$57$1653
58$58$1711
59$59$1770
60$60$1830
61$61$1891
62$62$1953
63$63$2016
64$64$2080
65$65$2145
66$66$2211
67$67$2278
68$68$2346
69$69$2415
70$70$2485
71$71$2556
72$72$2628
73$73$2701
74$74$2775
75$75$2850
76$76$2926
77$77$3003
78$78$3081
79$79$3160
80$80$3240
81$81$3321
82$82$3403
83$83$3486
84$84$3570
85$85$3655
86$86$3741
87$87$3828
88$88$3916
89$89$4005
90$90$4095
91$91$4186
92$92$4278
93$93$4371
94$94$4465
95$95$4560
96$96$4656
97$97$4753
98$98$4851
99$99$4950
100$100$5050
Total Saved:$5050

Step-by-Step Guide For Completing the 100 Envelope Challenge

Are you interested in doing the 100 Envelope Challenge yourself? Here are the steps for completing the challenge:

100 envelope challenge infographic showing the steps for completing the challenge.

How To Do The 100 Envelope Challenge

How To Do The 100 Envelope Challenge

Tools

  • 100 Envelopes
  • Marker / Pen
  • Decorate Box to Store Envelopes
  • 100 Envelope Challenge Printable

Instructions

  1. Get 100 envelopes. These can be any envelopes, just make sure they're big enough for cash to fit inside.
  2. Label the front of each envelope from 1 - 100.
  3. Shuffle the envelopes.
  4. Put envelopes into a special container or location.
  5. Each week pick 2 envelopes randomly.
  6. Put the amount of money found on the front of the label inside of the envelope.
  7. Rinse and repeat each week for one year.
  8. Celebrate saving $5,050!

Digital 100 Envelope Challenge

Are you someone that doesn’t use cash? Or maybe you’re looking for an easier way to complete the 100 Envelope Challenge?

You can do the challenge digitally!

  1. First what you need to do is download this printable tracker. The tracker includes a tracker to track your 100 envelopes, and it also has a blank tracker where you can create your own variation of the 100 envelope challenge.
  2. Next you need to decide where you’re going to keep your money. Will you open a separate savings account? Or just use an account you already have?
  3. Now each week choose 2 number randomly and transfer that amount to the account you chose for this challenge. Make sure you use the printable tracker to track your progress!

100 Envelope Challenge Tracker Printable

If you’re looking for a way to track your progress when doing the 100 envelope challenge, we’ve created these printable trackers to help you!

They’re available on Etsy for less than $2, and since they’re a digital download, you can print them as many times as you want!

Check the trackers out here!

Tips and Tricks For Completing the 100 Envelope Challenge

If you want to finish this challenge successfully, here are some tips and tricks to help keep you motivated:

100 Envelope Challenge Variations

If you’re looking for different ways to make the 100 envelope challenge work for you, here are some different variations you can try:

100 Day Money Challenge

If you’re feeling a bit more ambitious, you can do the 100 envelope challenge over 100 days by picking an envelope each day for 100 days and filling it up.

200 Envelope Challenge

The 200 Envelope Challenge is similar to the 100 Envelope Challenge, but it’s just double the envelopes!

Take 200 envelopes and label 100 of them from 1 – 100, then take the remaining 100 envelopes and label those from 1 – 100. You should have two of each number.

Now every week or day pull out two envelopes and save the amount labeled!

After you complete the 200 envelope challenge you will have $10,100 saved.

50 Envelope Challenge

If saving 100 or 200 envelopes feels a bit daunting, you can do the 50 envelope challenge.

Just take 50 envelopes and label them from 1 – 50. Each week pull out one or two envelopes and save the amount labeled.

After you complete the 50 envelope challenge you will have $1275 saved.

Final Thoughts

If you’re interested in saving a huge chunk of money, give the 100 Envelope Challenge a try! You can either use physical envelopes or do it digitally by using bank transfers.

Frequently Asked Questions About The 100 Envelope Challenge

What is the 100 envelope challenge?

The 100 envelope challenge is a money saving challenge where you label 100 envelopes from 1 to 100 and then save the amount labeled on each envelope.

Brittney

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