- 10K IN A HUNDRED DAYS HOW TO
- 10K IN A HUNDRED DAYS GENERATOR
- 10K IN A HUNDRED DAYS DOWNLOAD
Step 3 (Version A): When you're ready to make a contribution to the challenge, head over to this random number generator (unless you're planning on picking your envelopes manually).Don't have a bank account that would work? Try contacting your bank for a fee-free account.
You'll be transferring money into this account as you “pull” digital envelopes.
Step 2: Have a separate bank account set up for your challenge savings.There's a printable for the classic 1-100 challenge and a blank version you can customize.
10K IN A HUNDRED DAYS DOWNLOAD
Step 1: Download my free 100 envelope challenge printable tracker chart ( pictured below) and decide which variation of the challenge you're going to do. Doing things digitally eliminates the need to buy envelopes (bam, money saved) and you don't have to worry about having cash on hand. Personally, this is how I plan on doing the 100 envelope challenge. 10K IN A HUNDRED DAYS HOW TO
With these ideas and a bit of mix-and-matching, you should be able to create your own custom 100 envelope challenge to perfectly fit your budget and savings goals.Īnd if physical cash and envelopes isn't your deal, check this out: How to Do the 100 Envelope Challenge Digitally
Do it with a friend – This is a good way to make the challenge more fun and motivating. This is helpful for times when you maybe went over budget or can't afford to stash away too much. Pick your own envelope – Instead of choosing randomly, pick the envelope you want to fill. Number 50 envelopes from 1-50 and you'll save $1,275 once you fill them all up! For example, you could do the 50 envelope challenge. Take envelopes away – This is good for quick savings, or smaller goals. I've seen people do a 200 envelope challenge. Add more envelopes – This is a good way to extend the challenge. Custom numbers – Instead of labeling your envelopes from 1-100, change things up! You could halve the numbers (0.50-50), double them (2-200), or something else!. Monthly version – Draw 1+ envelopes every month. Bi-weekly version – Draw 1+ envelopes every 2 weeks. Weekly version – Similar to the above, instead of drawing an envelope each day, draw 1+ envelopes each week. (Do at least 2 a week if you want to finish in around a year.). That's about $105 saved each week on average. This works out to $5,460 saved in 52 weeks (around 1 year). 52-week money challenge version – This TikToker started with 104 envelopes with numbers 1-104. Here are some challenge variation and rule modification ideas: There are plenty of ways to adjust the 100 day money challenge to better fit your lifestyle, income, and financial goals. Let's take a look at some variations and optional rules to make things more personalized… Variations of the 100 Day Money Challenge Not to mention, with random envelope drawing, if you managed to somehow pull the highest number envelopes multiple days in a row, you could be required to save up to $679 in a single week! Not an easy task. That's about $50.50 saved every single day on average. One of the main reasons is that saving $5,050 in 100 days is quite a high savings goal. Step 5: Congrats! If you completed the challenge successfully, you'll have saved $5,050.Īs mentioned, there are many ways to customize this challenge, and many reasons why you may want to customize it. Step 4: Repeat Step 3 every day for 100 days until you’ve filled every envelope. For example, if you pull envelope #50, you have to save $50 (or 50€, £, etc.). Whatever number is on the envelope, put that amount of cash inside of it, and stash it away. Step 3: Each day, pick an envelope at random. write 1 on envelope #1, 2 on envelope #2…100 on envelope #100) Step 2: On each envelope, write a number from 1-100 (e.g. Step 1: Buy 100 envelopes (yep, you have to spend money to get this challenge started…unless you follow my digital spin-off version below). Here's how the original 100 day money challenge version works: More on these below.įor now, let's look at how the original version of the challenge works… How Does the 100 Envelope Challenge Work? Luckily, there are variations and modifications you can make to better tailor things to your unique financial situation and goals. Doing the original version of this challenge is no easy task. If you're thinking saving $5,050 in 100 days sounds crazy, you're not wrong. It involves 100 numbered envelopes, 100 days, and a hefty end savings goal of $5,050! The 100 envelope challenge - also known as the 100-day money challenge - is a money-saving challenge that has gained a lot of steam on TikTok. Who Should Do the 100 Envelope Challenge?. How to Do the 100 Envelope Challenge Digitally. Variations of the 100 Day Money Challenge. How Does the 100 Envelope Challenge Work?.
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