What is the 100 Envelope Challenge?
Imagine having 100 envelopes, each labeled with a number from 1 to 100. Every day, you randomly pick one and set aside the amount written on it. Some days, it’ll be just a few dollars, and other days, it might be more of a challenge. But by the time you complete all 100 envelopes, you’ll have saved an incredible $5,050!
Why Give It a Try?
This isn’t just about saving money—it’s about creating a habit that sticks. Every day, you’ll make a small but impactful decision to move closer to your financial goals. Plus, the unpredictability of choosing an envelope adds a little excitement, making the process more engaging than traditional savings methods.
Getting Started
It’s super easy to start:
Gather Your Supplies: Grab 100 envelopes, a pen, and something to store them in.
Label Your Envelopes: Write numbers 1 through 100 on each envelope.
Pick & Save: Every day, draw an envelope and set aside the corresponding amount.
Tips to Stay on Track
Want to make sure you finish strong? Here are some helpful tips:
Make It a Habit: Set a reminder so you don’t forget to pick an envelope each day.
Track Your Progress: Keep a simple checklist or chart to mark off each completed envelope.
Have Fun With It: Decorate your envelopes, involve your family, or even set a goal for what you’re saving for.
Final Thoughts
Why not give it a try? Your future self will thank you!
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