The 100 Envelope Savings Challenge is a viral trend that has taken the budgeting world by storm. Whether you're saving for a vacation, building an emergency fund, or tackling a big financial goal, this challenge is a simple and fun way to save $5,050.

What Is The 100 Envelope Savings Challenge?

The 100 Envelope Savings Challenge is a super fun and easy way to save $5050 or $10,000 dollars. Using envelopes number 1 to 100, you can set aside cash on a daily, weekly, bi-weekly, or monthly basis and at the end of this challenge you could set aside more than $5,000! 

How To Do The 100 Envelope Challenge?

The 100 Envelope Challenge is a fun and easy way to save! Simply label 100 envelopes (or use our 100 Envelope Savings Binder) with numbers 1 to 100. Each week, bi-weekly, or monthly, choose an envelope and save the amount written on it. Continue until all envelopes are filled, and you’ll save $5,050! It’s that simple! Ready to start? Explore our 100 Envelope Savings Binder for everything you need to make saving stress-free and fun!

How To Do The 100 Envelope Challenge Using An A5 Binder?

Saving money has never been this organised and fun! With our 100 Envelope Challenge Binder, you can simplify your savings journey while keeping everything neatly in one place.

Step 1: Grab Your Binder: If you don’t already have a binder, grab a 100 Envelope Challenge Binder from our shop. Each binder includes:

• 1 A5 binder
• A5 pockets labeled 1–100
• 1 Savings tracker
• 1 Fine-point marker

This all-in-one bundle has everything you need to get started.

Step 2: Use the Labeled Pockets: Your binder comes with 100 labeled pockets. The number on each pocket corresponds to the dollar amount you need to save.For example:

• Place $10 in the pocket labeled 10.
• Continue until all the pockets are filled.

Step 3: Track Your Progress: Use the included savings challenge tracker to monitor your progress. Check off each number as you save, so you know exactly how far you’ve come and what’s left to do.

Step 4: Complete the Challenge: Once you’ve filled all 100 pockets, you’ll have saved an impressive $5,050!

Why Use a Binder for the Challenge?

• Organisation: Keep your cash and progress tracker in one secure place.
• Convenience: No need to juggle envelopes—just use the labeled pockets.
• Motivation: Seeing your binder fill up is a tangible reminder of your achievements.

How To Do The 100 Envelope Challenge Using Blank Envelopes?

The 100 Envelope Challenge is a flexible and fun way to save money, and it’s easy to get started with just blank envelopes and a few basic supplies. Follow these simple steps to begin your savings journey:

Step #1: Gather Your Supplies: You’ll need 100 blank envelopes, a pen or marker, and a place to store your envelopes (like a box or drawer).

• Number each envelope from 1 to 100.
• Alternatively, use a Budget Binder with pre-labeled pockets (available in our shop) to make the process even easier.

Step #2: Set a Savings Goals: On a weekly, bi-weekly, or monthly basis choose one envelope. Then, save the amount of money that matches the number on the envelope. For example: The envelope labeled "35" you save $35 and add the cash to your envelope.

Step #3: Track your Progress: Track your progress in a notebook or use one of our 100 Envelope Saving Tracker to monitor your progress.

Why Choose Blank Envelopes?

• Budget-Friendly: Great for starting on a smaller budget.

• Customisable: Decorate your envelopes to make the challenge more personal and fun.

• Flexible: Save at your own pace based on your financial situation.

How Much Can You Save Using the 100 Envelope Challenge?

The 100 Envelope Challenge is a versatile savings method that can help you reach either a $5,050 or $10,000 savings goal. Here’s how it works: 

Save $5,050 Using the 100 Envelope Challenge

How It Works: Start with pockets or envelopes numbered 1 to 100. Each number represents the dollar amount you’ll save.

• Example: Place $10 in the pocket labeled “10,” $20 in the pocket labeled “20,” and so on until all pockets are filled.

• Total Savings: Once all 100 pockets are filled, you’ll have saved $5,050.

Save $10,000 Using the 100 Envelope Challenge

How It Works: This method is for those aiming for a higher savings target. Instead of saving the exact number written on each pocket, save $100 for every pocket labeled 1 to 100.

• Example: Deposit $100 into pockets labeled “1” through “100.”

• Total Savings: By the time you’ve filled all the pockets with $100, you’ll have saved $10,000.

Want a step-by-step video guide: Watch our video tutorial. Click here to watch now!

How to Save Daily, Weekly, Bi-Weekly, or Monthly with the 100 Envelope Challenge?

One of the best things about the 100 Envelope Challenge is its flexibility! You can choose how often you save based on your financial situation and how quickly you want to reach your savings goal. Here are the different saving options:

Daily Savings

• How It Works: Each day, you select an envelope, place the matching amount in the envelope, and mark it as complete.

• Example: On Day 1, save $1, on Day 2, save $2, and so on.

• Pros: Helps you reach your savings goal quickly by staying consistent with smaller amounts daily.Benefits Beyond the Dollars with 100 Envelope Savings Challenge

Weekly Savings

• How It Works: Pick an envelope each week and save the amount corresponding to that envelope.

• Example: Week 1, save $1 in the envelope marked 1; Week 2, save $2, and continue this pattern until you reach the last envelope.

• Pros: Easier to budget for, and you can set aside a small amount each week without it feeling overwhelming.

Bi-Weekly Savings

• How It Works: Every two weeks, you pick one envelope to save. This method works well if you get paid bi-weekly.

• Example: In the first two weeks, save $60 and $40; in the next two weeks, save $70 and $30, and continue in this way.

• Pros: Works well for people who prefer to save in larger chunks during paydays.

Monthly Savings

• How It Works: At the beginning of each month, choose one or two envelopes to fill with the corresponding amount.

• Example: On the first month, save $100 and $50, and as the months go on, pick a higher amount to match your financial situation.

• Pros: Great for people who want to save in larger amounts once a month.

Bonus Tip: Use spare cash for fuel your 100 Envelope Savings Challenge. Use spare cash from your grocery shopping trip, market or traveling.

Why Try The 100 Envelope Savings Challenge?

The 100 Envelope Challenge isn't just about cash stuffing. It's about building healthy saving habits, increasing your financial awareness, and learning to budget like a boss. 

The 100 Envelope trend is perfect for saving for down payment for a car, paying off your credit card debt, paying off a loan, saving for a big purchase, creating an emergency fund, or to simply start saving.So, are you ready to try the 100 Envelope Challenge?

At Budgeting Basics we understand the unique challenges of budgeting in Trinidad and Tobago. We have designs various 100 Envelope Savings Challenges with your needs and budget in mind.

If the 100 Envelope Savings Challenge seems to daunting start with some or our smaller challenges:

$5 Savings Challenge

The $5 Dollar Savings Challenge involves saving a $5 dollar bill on a daily, weekly, bi-weekly, or monthly basis. This savings challenge is tailored for beginners, save up to $220 with our $5 Dollar Savings Tracker.

$10 Savings Challenge

The $10 Dollar Savings Challenge involves saving a $10 dollar bill on a daily, weekly, bi-weekly, or monthly basis. This savings challenge is tailored for beginners, save up to $440 with our $10 Dollar Savings Tracker.

$20 Savings Challenge

The $20 Dollar Savings Challenge involves saving a $20 dollar bill on a daily, weekly, bi-weekly, or monthly basis. This savings challenge is tailored for beginners, save up to $880 with our $20 Dollar Savings Tracker.