$5050 | 100 Envelope Challenge | How Does The 100 Envelope Challenge Work

Here's how you can use the 100 envelope challenge to save $5050 very quickly.

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I am not a Financial Advisor. Content is solely from experience and opinions. Everything shared is for entertainment purposes only. Furthermore, certain risks are associated with the tips, suggestions and all information provided in this content. If you need advice please consult with a Financial Adviser and/or CPA. You are solely responsible for any and all financial decisions you make!
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#100envelopechallenge #savemoney #enveloppebudget #eann

[eannsingh]

Make $100 Per Day 🤑 Doing This | Extremely Lazy Method After You Set It Up

[Mrrngglory]

I heard a recommendation that if the big number envelopes aren’t doable, fill the lower amount ones & then when they add up to the big amount, move the money into the big envelope, and start again with filling the lower amounts.

[fredschair-heavytalk]

Remember pay your bills first and then do the challenge

[tmo]

The idea to skip and choose another when you don’t have the money for a particular envelope is excellent!👍🏽

[brooke]

I’m finishing my second round in 4 months, but paid off my debt first to give me more money to put away. It’s an awesome challenge!

[lucasvanduyn]

$5, 200 was the most I’ve ever saved in 1 year, however it will be the 1st time I’ve tried the 100 envelopes challenge. When I finish the 1st round I will put more money in the envelopes to double the total to 10, 100 trying to do this in a year

[mikkikids]

I finally bought a binder that has the little pockets and the chart. Found it on Amazon. I filled up my first pocket 🙌🏾

[moriah.israel]

This is hands down the best envelope video I have seen because you give other easier options on how to save. Thank you Eann!!!

[opuulent]

What folks can do is to get a binder with plastic inserts in them. Label with what they will do with the money, such as *Debt Payoff, *Savings, *Emergency Fund *Vacation, *Shopping etc. Once the challenge is over, put the amount of funds they want in those designated inserts, then do the next challenge. You won't spend and you will build your bag 💰🙌🏾👍🏾

[HamptonsStreetDoc]

What I have done and keep doing is, put the 100 envelopes in a bag, mix ‘‘em up, and I’ll also put more money in, say I happen to grab the $30 envelope, I’ll put in $35 or $40. So at the end of savings they’ll be more than I expected.

[sbentsen]

I like that you mentioned not to take the shortcuts with getting ahead the next 20 days, that defeats the purpose of training and developing the habit, conditioning to save 👌🏼 It's like Mr miyagi, wax on wax off

[iliganoasmith]

Yesss I love this challenge of saving money! I wish I knew this when I was working! But I’m doing it now! It’s about discipline yourself. Thank you for sharing this! It’s a great way to saved….💯

[donnamartin]

Thank you for your concise video, Eann! I watched several videos trying to learn this challenge but everyone talks so much without getting to the 'meat' of it. I am using this challenge to discipline myself into no impulsive buying (my personal downfall). So, instead of having cash in my pocket (or in my account and using my debit card) to spend on whatever, I ask myself, "Did I fill my envelope today? If not, can I still buy this 'extra' item AND fill my envelope?" It is already hurting because I'm learning what is really a necessity (nails, or coffee drinks, etc are NOT a necessity!). And, looking ahead to the bigger number envelopes, I'm looking for things around the house that I can sell!! My goal: a road trip with my husband this spring or summer through Tennessee, Kentucky, Virginia, North Carolina, etc. - one of my bucket list items.

[summerocean]

What a great system. Can't wait to try this. I like that you can jump around with the envelopes.

[Denice]

I get my 100 envelope binder from Amazon tomorrow. As a single 57 year old female with a small house, 3 dogs, 2 cars, I did the math and in order to get the $5050, I need to take out $421.00 a month between my 2 monthly paychecks, starting January to December then at the end of December I will have $5, 050.00. This is the only way I can do the challenge. $421 x 12 =$ 5050.

[uniquechyck]

Thank you for explaining how to do this, I just ordered mine and I’m determined to do this

[feleciasmith]

Thanks for sharing yes my husband and idea this for 52 weeks we would pull it to envelopes once a week and that is how we paid off our house so fast because when we were finished at the end of the year we would put the $5000 toward the principle of our house

[benjiepr]

La mejor explicación que he visto sobre este desafío. Gracias.

[justinawilliams]

I started this on the 1st of January 2023, I'm doing 300 envelopes in 100 days & pay off my vehicle & other bills .

[batcateternityfanfics]

I actually like to try this concept. I feel it will actually physically and mentally train you to prioritize saving per day. And it's something you can do and forget about. Will circle back once I've tried it!