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Diy envelope for money11/5/2023 It'll still help you save money-an extra $1,300-but it does so over the course of a year instead of 100 days. If customizing this challenge doesn't work for you but you're still in the mood for a fun challenge to save money, you might consider doing the 52-week money challenge. So envelope #3 would get $1.50 stashed inside instead of $3 while envelope #98 would get $49 instead of $98. Maybe you'd halve the amount you put in an envelope each week. That might mean picking out an envelope less often, like once or twice a week, or changing the dollar amounts associated with each. You can customize the 100-envelope challenge to fit your financial situation. That's right-1 + 2 + 3 + 4 and every other number through 100 equals just over $5,000.Īn important note: If saving $5,000 in 100 days isn't feasible for you-which it likely isn't for many people-don't let the sticker shock dissuade you from participating at all. After you put the proper amount of money in the envelope, seal it up and place it somewhere safe.Īt the end of 100 days, you'll have 100 envelopes containing $5,050. For instance, you'd put $3 inside envelope #3 and $98 inside envelope #98. The number on the envelope you choose is the amount of cash you should stick inside of it. Many people prefer to pick envelopes randomly to make the amount they save each day a surprise. You can either keep them in numeric order or mix them up. Prefer not to DIY this step? You can buy special 100-envelope challenge envelopes at online retailers. What's important is that you use each number only once. Others stick to classic white envelopes and a marker for numbering. Some people embrace their inner crafter and create colored envelopes with calligraphy. You can be as creative with this as you wish.
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