Download this Fun and Easy 100 Envelope Challenge Printable Tracker and Start Saving Money Today
How to Download a 100 Envelope Challenge Printable Tracker with the Numbers 1 to 100 on Them
If you are looking for a fun and easy way to save money, you might have heard of the 100 envelope challenge. This is a viral savings trend that promises to help you save up to $5,000 in 100 days by stashing cash in labeled envelopes. But how do you keep track of your progress and motivate yourself to stick to the challenge? One way is to download a printable tracker with the numbers 1 to 100 on them. In this article, we will explain what the 100 envelope challenge is, how it works, how to customize it to fit your budget and goals, and how to download a printable tracker with the numbers 1 to 100 on them.
What is the 100 Envelope Challenge and How Does It Work?
The 100 envelope challenge is a way to gamify saving money. Each day for 100 days, you'll set aside a predetermined dollar amount in different envelopes. After just over 3 months, you could have more than $5,000 saved. Here's how to get started:
download a 100 envelope challenge printable tracker with the numbers 1 to 100 on them
Label 100 envelopes from 1 to 100. You can be as creative with this as you wish. Some people use colored envelopes with calligraphy, others stick to classic white envelopes and a marker for numbering. What's important is that you use each number only once.
Put your envelopes in a container. You can either keep them in numeric order or mix them up. Many people prefer to pick envelopes randomly to make the amount they save each day a surprise.
Pick one envelope each day. The number on the envelope you choose is the amount of cash you should stick inside of it. For instance, you'd put $3 inside envelope #3 and $98 inside envelope #98. After you put the proper amount of money in the envelope, seal it up and place it somewhere safe.
Take stock of your savings. At the end of 100 days, you'll have 100 envelopes containing $5,050. That's right1 + 2 + 3 + ... + 99 + 100 equals just over $5,000.
The Benefits of the 100 Envelope Challenge
The 100 envelope challenge has some benefits that make it appealing for many people who want to save money. Some of these benefits are:
It makes saving money fun and exciting. You never know how much you'll save each day until you pick an envelope. It also gives you a sense of accomplishment as you see your envelopes pile up.
It helps you save money consistently and gradually. You don't have to save a large amount at once, but rather small amounts every day. This can make saving money more manageable and less stressful.
It can help you achieve your savings goals faster. Whether you want to build an emergency fund, pay off debt, save for a vacation, or invest for retirement, having $5,000 extra can make a big difference in your financial situation.
The Drawbacks of the 100 Envelope Challenge
However, the 100 envelope challenge also has some drawbacks that you should be aware of before you start it. Some of these drawbacks are:
How to save $5000 with the 100 envelope challenge
Free printable 100 envelope challenge chart with numbers
100 day envelope challenge tracker PDF download
Tips and tricks for the 100 envelope challenge
100 envelope challenge variations and ideas
How to do the 100 envelope challenge step by step
What is the 100 envelope challenge and how does it work
100 envelope challenge TikTok trend explained
Benefits and problems of the 100 envelope challenge
How to use the cash envelope system with the 100 envelope challenge
Best envelopes and boxes for the 100 envelope challenge
How to make the 100 envelope challenge fun and easy
How to customize your own 100 envelope challenge
How to track your progress with the 100 envelope challenge
How to use the 100 envelope challenge to pay off debt or save for a vacation
How to do the 100 envelope challenge biweekly or monthly
How to do the 100 envelope challenge with a partner or family
How to do the 100 envelope challenge with different amounts of money
How to do the 100 envelope challenge in reverse order
How to do the 100 envelope challenge with coins or bills
How to do the 100 envelope challenge with a twist or a surprise
How to do the 100 envelope challenge online or digitally
How to do the 100 envelope challenge without envelopes or cash
How to do the 100 envelope challenge for kids or teens
How to do the 100 envelope challenge for charity or a cause
Success stories and testimonials from the 100 envelope challenge
Frequently asked questions and answers about the 100 envelope challenge
Pros and cons of the 100 envelope challenge compared to other money saving challenges
History and origin of the 100 envelope challenge
Math and logic behind the 100 envelope challenge
It can be unrealistic and unsustainable for some people. Saving $5,000 in 100 days means saving an average of $50 per day, which may not be feasible for everyone depending on their income and expenses. Some days you may have to save more than $100, which can be challenging if you don't have enough cash on hand or if you have other financial obligations.
It can be risky to keep cash in envelopes. Storing cash in envelopes can make it vulnerable to theft, loss, or damage. You may also be tempted to dip into your envelopes for other purposes, which can derail your savings progress.
It can be inefficient to save cash in envelopes. Saving cash in envelopes means you are not earning any interest on your money, which can reduce its value over time due to inflation. You may also miss out on other opportunities to grow your money, such as investing in the stock market or opening a high-yield savings account.
How to Customize the 100 Envelope Challenge to Fit Your Budget and Goals
If you want to try the 100 envelope challenge but find it too hard or too easy for your situation, you can customize it to fit your budget and goals. Here are some ways to do that:
Tips for Saving Money for the 100 Envelope Challenge
If you find it difficult to save money for the 100 envelope challenge, here are some tips that can help you:
Cut back on unnecessary expenses. Review your spending habits and see where you can save money by reducing or eliminating things you don't need or use. For example, you can cancel subscriptions you don't use, cook at home instead of eating out, or switch to a cheaper phone plan.
Find ways to earn extra income. You can boost your income by taking on a side hustle, selling things you don't need, or asking for a raise or a bonus at work. You can also look for cashback offers, coupons, or discounts when you shop online or in-store.
Automate your savings. You can set up a direct deposit or a recurring transfer from your checking account to your savings account every time you get paid. This way, you can save money without having to think about it or remember to do it.
Alternatives to the 100 Envelope Challenge
If you find the 100 envelope challenge too easy or too boring for your situation, here are some alternatives that can challenge you more:
The Reverse 100 Envelope Challenge. Instead of starting with envelope #1 and ending with envelope #100, you start with envelope #100 and end with envelope #1. This way, you save more money at the beginning of the challenge and less money at the end of the challenge. This can be helpful if you expect your income or expenses to change over time.
The 52-Week Challenge. Instead of saving money for 100 days, you save money for 52 weeks. Each week, you save the same amount as the week number. For example, in week 1, you save $1; in week 2, you save $2; and so on until week 52, when you save $52. By the end of the year, you'll have $1,378 saved.
The Spare Change Challenge. Instead of saving a fixed amount of money each day, you save whatever spare change you have left over from your transactions. For example, if you spend $4.75 on a coffee, you save $0.25; if you spend $9.50 on a lunch, you save $0.50; and so on. You can either save your actual coins in a jar or use an app that rounds up your purchases and transfers the difference to your savings account.
How to Download a Printable Tracker with the Numbers 1 to 100 on Them
If you want to download a printable tracker with the numbers 1 to 100 on them, here are some steps to follow:
Where to Find Free Printable Trackers Online
There are many websites that offer free printable trackers for the 100 envelope challenge or similar savings challenges. Some of these websites are:
The Budget Mom. This website has a printable tracker that shows all the numbers from 1 to 100 in a grid format. You can color in each square as you complete each envelope.
The Savvy Couple. This website has a printable tracker that shows all the numbers from 1 to 100 in a circular format. You can cross out each number as you complete each envelope.
Frugal Fanatic. This website has a printable tracker that shows all the numbers from 1 to 100 in a list format. You can check off each number as you complete each envelope.
You can also create your own printable tracker using a word processor or a spreadsheet program. You can customize the design, the colors, and the fonts to suit your preferences.
How to Print and Use the Printable Trackers
Once you have downloaded or created your printable tracker, you can print it out using a printer and a paper of your choice. You can either print it in black and white or in color, depending on your preference and budget. You can also laminate it or put it in a plastic sleeve to protect it from wear and tear.
To use the printable tracker, you can either keep it near your envelopes or hang it on a wall where you can see it every day. You can also take a picture of it and save it on your phone or computer for easy access. Every time you complete an envelope, you can mark it on your tracker using a pen, a marker, a sticker, or any other method you like. This way, you can keep track of your savings progress and motivate yourself to finish the challenge.
The 100 envelope challenge is a popular way to save money by putting cash in labeled envelopes for 100 days. It can help you save up to $5,050 in a fun and easy way. However, it can also be unrealistic, risky, or inefficient for some people. You can customize the challenge to fit your budget and goals by following some tips or trying some alternatives. You can also download a printable tracker with the numbers 1 to 100 on them to keep track of your savings progress and motivate yourself to stick to the challenge. If you are ready to start saving money with the 100 envelope challenge, download your printable tracker today and get started!
Here are some frequently asked questions about the 100 envelope challenge and how to download a printable tracker with the numbers 1 to 100 on them:
Q: Can I use digital envelopes instead of physical envelopes?
A: Yes, you can use digital envelopes instead of physical envelopes if you prefer to save money electronically. You can use an app like Qapital or Mvelopes that allows you to create virtual envelopes and transfer money from your bank account to them. You can also use a spreadsheet or a document to keep track of your digital envelopes.
Q: Can I do the 100 envelope challenge with someone else?
A: Yes, you can do the 100 envelope challenge with someone else, such as your spouse, your partner, your friend, or your family member. You can either share the same set of envelopes or have separate sets of envelopes. You can also split the amounts between yourselves or contribute equally to each envelope. Doing the challenge with someone else can make it more fun and accountable.
Q: Can I do the 100 envelope challenge more than once?
A: Yes, you can do the 100 envelope challenge more than once if you want to save more money or achieve different savings goals. You can either repeat the same challenge or try a different variation of the challenge. You can also use a different printable tracker for each challenge or reuse the same one.
Q: Can I do the 100 envelope challenge in a different currency?
A: Yes, you can do the 100 envelope challenge in a different currency if you live in a country that does not use US dollars. You can either convert the amounts to your local currency using an exchange rate calculator or use the same numbers but in your local currency. For example, if you live in Canada, you can either save $5,050 Canadian dollars (which is equivalent to $3,950 US dollars as of June 2021) or $5,050 US dollars (which is equivalent to $6,450 Canadian dollars as of June 2021).
Q: Can I do the 100 envelope challenge in reverse order?
A: Yes, you can do the 100 envelope challenge in reverse order if you want to save more money at the beginning of the challenge and less money at the end of the challenge. This can be helpful if you expect your income or expenses to change over time. To do this, you simply label your envelopes from 100 to 1 instead of from 1 to 100 and pick one envelope each day.