Tof100 Envelope Challenge How Much Money

Were all about gamifying your finances, and the 100 envelope challenge helps you save just over $5,000 ($5,050 to be exact) over the course of 100 days! Plus, having a fun challenge to work for forces you to think about your money every day. Using envelopes labeled 1 to 100, you could set aside more than $5,000 over 100 days. Successfully completing the standard 100 envelope challenge results in a total savings of $5,050. This figure is derived from the sum of integers from 1 to 100.

Each day you pull out a random envelope and put in the amount of cash that is written on the envelope and seal it. When all the envelopes are sealed you should have $5,050! What is the 100 envelope challenge? Put 100 envelopes in a box and shuffle them. At the end of the challenge, if you fill all envelopes from $1 to $100, youll have saved $5,050. This method is fun, tangible, and encourages consistency key ingredients for successful saving.