The 100 Day Envelope Challenge: Does It Work?

by contentwriter

Author: Sarah Jonson

Saving money is always a good idea, but sometimes it can be challenging to find the motivation to do so on paydays.

If you find it difficult to save money each month, you should consider trying the 100-day envelope challenge.

What is 100-Day Envelope Challenge? 

This challenge is a money-saving method using envelopes. This well-liked concept makes saving money simple and enjoyable for participants. You can save about $5,050 at the end of the 100-day envelope challenge.  

How Does it Work?

The 100-day envelope challenge requires you to number 100 envelopes from 1 to 100. Each day, you are to choose an envelope and save the value of the number written on the envelope you choose. For instance, if you pick the 20 envelope one day, you put $20 cash in the envelope, seal it, and lay it aside. If you select the envelope with 5 written on it, you will put in $5, and so on. If you do this every day, you will have saved $5,050 by the conclusion of the 100 days. 


Pros and Cons of the 100-day Envelope Challenge

The 100-day money envelope challenge has a lot of advantages, but it might not be for everyone. Here are some positive and negative aspects of the challenge:


  • A quick and enjoyable way to save: The 100-day money envelope challenge can be the inspiration you need to start saving if you enjoy playing games. 
  • Adaptable to your spending preference: If you find it difficult to save money daily, you can modify the 100-day money envelope challenge to suit your needs. If necessary, you can choose to push back the challenge by a week or two or take the weekends off.
  • Low initial financial requirements: You may need $1 or $2 on some days. $100 is the most you’ll require in a single day. Also, obtaining the things you need to get started is very simple; just some envelopes, a pen, and cash.


Here are some aspects of the 100-day money envelope challenge that are less practical. If you decide to give it a try, bear these in mind.

  • Completion takes no more than three months: It takes several months to accomplish the 100-day money envelope challenge. You’ll need to work on the challenge for at least three months or longer to reap the full reward.
  • You have to use cash: The fact that you must use cash to complete the 100-day money envelope challenge is its biggest drawback. Not everyone has cash on hand or prefers to use it.
  • This approach may not be the best for salary earners: This money-saving challenge might not be for you if you don’t always have some extra money. Find challenges that demand less money up front instead. 


The 100-day envelope challenge is a quick and easy method to save a few thousand dollars in just three months. It takes minimal effort and little time to accomplish. Additionally, this challenge can assist you in developing a saving routine and an emergency fund. 


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