How to Do the 100 Envelope Challenge and Save $5000?

How to Do the 100 Envelope Challenge and Save $5000?

How does an additional $5,000 sound at this moment in time? Assuming you say that could transform you, you are in good company. Actually, the money could be yours just 100 days from now and $5,050, to be careful.

You’ve probably found out about the 100 Envelope Challenge, which is the most up-to-date pattern in the money, the board, and money world and is unequivocally the way that you’d get your $5,000.

What is the 100 Envelope Challenge?

The 100 envelope challenge is a persuasive method for saving more than $5,000 in 100 days. This back money way is an excellent method for setting some additional money aside for future monetary objectives. 

The 100-day cash challenge started on TikTok is a simple methodology, or hack, to save some crucial money. TikTok Invest with Mon clarified for supporters that this compelling way to save cash should be possible in 100 days or actually might be reached out to them in more than a year.

The 100 envelope challenge keeps on being famous across different online entertainment stages. Search the hashtag #100envelopechallenge, and you’ll see a few instances of how individuals report their 100-day cash challenges to consider themselves responsible for saving $5,000.

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How does the 100 Envelope Challenge Work?

Envision saving $5,050 in just 100 days. It’s known as a test. However, the interaction is very straightforward. You get 100 void envelopes and compose the numbers 1 to 100 on them. At that point, every day, for 100 days, randomly pick an envelope. You put that measure of cash identical to the number in the Envelope. Toward the finish of 100 days, you will have saved $5,050.

Pros and Cons of 100 Envelope Challenge 

Albeit fun, the 100-day cash challenge has its upsides and downsides. The following are a couple to consider before choosing to participate in this TikTok side project of the envelope strategy for planning.


  • The test is a simple way of saving money rapidly.
  • It’s additionally simple access to cash when you want it.
  • In the event that your monetary circumstance transforms, you can pause and restart the test when you can.
  • The 100 envelope challenge can assist in setting aside cash with turning into a propensity.


  • It takes inspiration to complete the test.
  • The case can be ignored in the event that it’s in a spot you wouldn’t ordinarily check.
  • On certain days you might not have the money to save in an envelope number.
  • Having many dollars in real money lying around could be dangerous.
  • On the off chance that you don’t as of now have 100 envelopes available, you should get them.

How Long Does the 100 Envelope Challenge Take?

In more than 90 days, you can save more than $5,000. A significant benefit of the 100 envelope challenge is its adaptability. The test can be exceptionally sympathetic, assuming you mess up or neglect to save money a little while en route.

You don’t have a traditional, vital investment funds plan. Then, a 100 envelope challenge may be the ideal apparatus to kick you off. Following the test as endorsed can kick off your reserve funds and get you into the propensity for saving consistently.

Do the 100 Envelope Challenge Maths

You will save $5,050 in the event that you follow the 100 envelope challenge, and a little maths can demonstrate it to you. There are two methods for sorting out how much money you’ll save before finishing the test. It adds all the Envelope esteems together or utilizes the equation from Gauss’s work to cut the cycle down to a couple of quick advances.

The primary way – including each number – is the easiest on a superficial level. Also, it will require a more significant investment eventually. For the standard $1 beginning stage, you would add $1 to $2 to get $3, $3 to $3 to get $6, etc. If you desire to find out how supportive the quicker way is, turn out ahead and complete the process of adding it together. Go ahead and utilize a number cruncher!

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Step by Step Guide to Doing the 100 Envelope Challenge

1. Try to Get a Stack of 100 envelopes

As may be expected, the envelopes are a critical piece of the 100 envelope challenge. Standard letter-sized envelopes like these are a great size for the money.

If you wouldn’t fret about collapsing or crinkling your bills, more modest envelopes can work after all other options have been exhausted. They additionally turn out great, assuming that you involve coins for a restrained adaptation of the test.

2. Every Envelopes has Dollar Amount from 1 to 100

You know the number of every one of your envelopes from 1 to 100. It’s OK to do these for the time being, as you’ll stir them up, similar to a deck of cards, at the following stage.

3. Put the empty envelopes in a box

The most straightforward choice here is to place the blank envelopes in a case, yet you can utilise another holder, similar to a bin, assuming that is available. Any shoebox or comparative will work.

4. Choose one Envelope at random Everyday

Consistently, without looking, snatch one of the envelopes from the container. Part of the allure of the test is never realizing what you’ll save every day.

If you cheat a piece to save less when you save more, nobody will annoy you on a day when you have extra. However, it’s not altogether in the soul of the multi-day challenge, so attempt to downplay those days.

5. Directly Put the Labelled Dollar Amount in the Envelope

Embed cash with a worth equivalent to anything that the essence of the Envelope shows. So assuming you take out the Envelope with 32 composed on it, put $32 in real money in the Envelope.

Do whatever it takes not to ponder the show passes or new game you need to get. Discover pleasant activities with your companions that are free instead of going out for supper this week. Take out that formula book for some economic dinner thoughts instead of pulling up the conveyance administration application. Be solid.

6. Set the Filled Envelope Aside

You are placing the filled envelopes in a protected spot. Then again, assuming you’re persuaded that the crate with your envelopes is protected, think about putting the filled envelopes at the rear of the case – may be topsy turvy or with a divider among them and the vacant envelopes, so you know where to pick the unfilled envelopes from these.

7. Track Your Progress

While you don’t stringently require this, you can consider utilizing a 100 envelope challenge tracker if you need an additional increase in inspiration. That includes either following that you’ve done the test that day or following the amount you save every day, with the objective toward the finish of shading in your tracker the entire way to the $5,050 saved by the end.

8. Repeat and Continue Each Day

If you don’t finish the 100 envelope saving challenge by filling one Envelope, then keep at it until your unfilled envelope box is vacant.

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Can I do the 100 Envelope Challenge in Six Months?

You should pick an envelope every day rather than consistently. You are adjusting the 100 envelope challenge to be more likely to suit you. For example, stretching the opportunity to a half year is acceptable. In a little more than a half year, you’ll have saved $5,050.

You could go further by changing the 100 envelope saving challenge to double in seven days. It’ll take you simply under a year to save a similar sum. However, it could be a more reasonable objective in the event that things are tight. Do the test on days where you’re bound to burn through money, and it can assist with controlling your desire to go overboard.

Changing the sum can help, as well. An outrageous drop by adding the sum in pennies instead of dollars will get you $50.50 in that equivalent time. Regardless of whether it’s not a lot, it can assist you with getting into a saving propensity.

Other Ways to Use the 100 Envelope Savings Challenge Formula

You can avoid this part if you’re keener on the saving part of this test. Also, the numerical assists with showing exactly how far you can take this test, and it’s not excessively polynomial maths weighty.

Changing the factors in the 100 envelope reserve funds challenge can create it more reasonable. For instance, they are bringing the beginning sum down to only a penny and expanding the number of envelopes to 365. This kind of strategy makes it an extraordinary method for assisting a little child with working on saving, getting a numerical illustration, and praising their birthday.

Can I use the 100 envelope challenge to save $10,000?

You could essentially do it two times to save $10,000 with the 100 envelope challenge to save simply over that sum in 200 days. Besides this, you can name the 100 envelopes with the numbers 50 to 150 and the skirt number 100. As like, you’ll save $10,000 in 100 days.

While utilizing this to save $10,000 is incredible, you might follow through with three complete difficulties throughout a year to save $15,150, which is most certainly an extraordinary investment funds rate.


In this article, we have learned most of the aspects of the 100 Envelope Challenge. It is one of the most prevalent challenges that provide a chance to save money while working. Also, you can learn how it works and how we can benefit from these challenges. 


TheLiveCash is a team of experts in finance and banking. We are striving together to bring financial clarity to readers across the world. We write about savings, making and budgeting money, investing, taxes, loans, and all other financial topics.