100 envelope challenge tracker free printable

After 50 weeks (you can have a 2 week vacation from the challenge if you want!) you will have saved $10,000. Saving 5k in a year can be doable for many more people if you really put your mind to it. This variation is not quite as painful as the orignal version of 200 days. If your budget is really tight then why not try the 50 envelope challenge instead? One envelope a week for 50 weeks. You could even have some envelopes numbered 0 to give yourself a random day off!Ĭhoose the best money envelope ideas that are going to work for your finances then create 200 envelopes with numbers that add up to your savings goal total.you have 10 envelopes numbered 1, 10 of them numbered 2 and so on. Or envelopes numbers 1-20 and 10 sets of them.You could have envelopes numbers 0.5 – 100.Not too easy but not beyond difficult.Īfter all, if you’re on a low income you might not even have $500 a month after paying your essential bills. You just need to find or create one that fits your individual circumstances.

That doesn’t mean you can’t be saving money using the envelope method. If you are living on a tight budget and have little spare cash then the idea of saving $5100 in 200 days might feel too much initially. This ensures you have a low numbered envelope every other day.Īlternatively you could stretch the 200 envelope challenge to 9 months, 12 months or longer. Or you could keep the envelopes numbered 1-50 in chronological order and take from an envelope from the top of the pile and from the bottom of the pile on consecutive days. This makes sure you never have to save more than $100 in a 2 day period. You could separate the blank envelopes out and pull one of those every other day. 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 $146 into envelopes.

Day 3 – you pull envelop number 50 = $50 saved.

Day 2 – you pull envelope number 47 = $47 saved.

Day 1 – you pull envelope number 49 = $49 saved.

But what happens if you pull the following envelopes instead? In 3 days your total saved is $24 – easy peasy you might think.

Day 3 – you pull envelope number 13 = $13 saved.

Day 2 – you pull envelope number 7 = $7 saved.

Day 1 – you pull envelope number 4 = $4 saved.

Or 100 envelopes number 1-100 and 100 blank ones.īut you need to take a little time to do the math to make sure the 200 envelope challenge total in any given week or month is practical given your overall budget.Įxamples of the 1-200 envelope challenge total that can happen: It sounds simple enough, 200 envelopes numbered 1-50 and you fill one each day. The 200 envelope challenge budget math explained When you successfully do this you will have saved $5,100.

This challenge works by picking an envelope at random every day for 200 days until you have picked all the envelopes. If you are using the 2nd method above then each day you draw a blank envelope is a day off finding the cash to squirrel away! if you pick envelope number 37 then place $37 inside. To start your money envelopes challenge you pick an envelope at random and put the amount of money from that envelope inside of it and stash it away somewhere safe. Shuffle your envelopes and place them in a box. The second set of 100 envelopes leave blank. On the first 100 envelopes, write a number from 1-100.you have 4 envelopes labelled 5, 4 labelled 6 and so on. Number your envelopes 1-50 and repeat another 3 times.Then you need to choose how you will mark your envelopes in order to save money. If you want to take part in the 200 Envelope Challenge, the first step is to get yourself 200 envelopes. But you have to be honest with yourself about what your budget is and your ability to save money for 200 days straight. Fill one envelope with cash every day for 200 days. How does the 200 envelope challenge work?

100 envelope challenge tracker free printable