You can take a note to count the amount, so it will also challenge you to do some simple maths to activate your left brain for logical thinking. Following the rules, you’ll gain a decent amount of money at the end of the day. You may never find a simpler yet more fun way to save money than this challenge. It may look simple, but the 100 Envelopes Challenge has some pros and cons that you must consider before you jump on the bandwagon. On the 100th day, you can have up to RM10,100 in your savings! Pros and Cons of the 100 Envelopes Challenge When you draw envelope number 10, you must fill RM20 inside it. You may also multiply the number written on the envelopes by two in another variation. You might take longer to fill up all the envelopes, but it’s okay, as long as you are keeping up with the savings.

For example, you can save money on your working days and take the weekends off. You can also adjust the number of days per week that you need to fill the envelopes. The 100 Envelopes Challenge is not limited to day-to-day saving. The second time you pull the number 3 on the envelope, you only need to put RM3 inside. Seal the envelope and repeat for 100 days.įor example, when you draw the number 67, you need to put RM67 inside the envelope and seal it away. Each day, draw one random envelope and put some cash according to the number written. Write numbers from 1 to 100 on each envelope, then shuffle before placing it in a bucket or basket. With this challenge, you will gain RM5,050 by the 100th day.įirst, prepare 100 envelopes of any size, as long as they can hold your money. The 100 Envelope Challenge is a money-saving challenge that requires you to put money as much as written on the envelope. How does it work? What is the 100 envelope challenge? The 100 Envelope Challenge comes up to be a fun way to save money. The key is to find as many things motivating you to save as possible. Sure, it’s easier to save if you have a pile of cash in your wallet.

However, it’s not impossible to save more money. It turns out that saving money is an endless battle between your needs and wants. Sometimes you need something to buy so there will be nothing left to spare. However, being consistent on it is a different thing. Sparing some of your salary for your savings is excellent for a better future.

100 envelope money saving challenge