Want more money saving challenge ideas to try? Check out my post on 25 of the best money saving challenges to boost your wealth. 20K 100 ENVELOPE CHALLENGE Printable, 20,000 Saving Tracker, 20K Savings Challenge, Savings Goal, A4, US Letter, Instant Download CocoChicLiving. The only proviso is that the 100 envelopes add up to your target total. By the end of the 52nd week, you’ll have 3,031 in your pocket. By the end of the 21st week, you will have saved 508.20, enough to buy yourself a new TV set at a favorable time. Switch it up a bit by choosing different, random amounts. If you want to do the 52-week challenge with 3,000, you can start by saving 2.20 in week one, 4.40 in week two, 6.60 in week three, etc. Start with the total you want to save then divide that total by 100 – this gives you 100 envelopes with the exact same amount. Your envelope challenge might be for 100 days, for 6 months or 52 weeks. You have to be realistic with challenges. If you want an envelope money saving challenge then create one that means you will be stretched but not left with no money for food. Today, it could be the penny challenge or the $5 challenge. In future years you might well be doing the 100 day money challenge. Make the challenge appropriate to your financial situation right now. This doesn’t mean you cannot challenge yourself. When you’re a low income family or a singleton, the idea of saving $100 in a week can be a big ask. Your money, your choices.Ĭustom money saving challenges for low income families You could stretch the 100 envelope challenge to 6 months, 12 months or longer. You could do a 100 envelope challenge twice a week. 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 $290 into envelopes. Day 3 – you pull envelop number 98 = $98 saved.Day 2 – you pull envelope number 93 = $93 saved. ![]()
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