Jacqueline DeMarcoUpdated February 25, 2023
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What Is the Envelope Challenge?
How Does the Envelope Money Savings Challenge Work?
How Much Money Can You Save From the Envelope Challenge?
Pros and Cons of the 100 Envelope Challenge
Pros of the Envelope Challenge
Cons of the Envelope Challenge
Variations of the Envelope Challenge
Digital Envelope Challenge
50 or 200 Envelope Challenge
Changing the Number of Days Per Week
Why Is Having Money Saved Up Important?
The Takeaway
3 Money Tips
Frequently Asked Questions
How can I save $5,000 in 3 months with 100 envelopes?
How much money does the 100 Envelope Challenge save?
How often do you put in money during the 100-envelope challenge?
Photo credit: iStock/MARHARYTA MARKO
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About the Author
Jacqueline DeMarco
Jacqueline DeMarco is a personal finance writer and editor based in Southern California. While she spends the bulk of her time writing about complex financial issues, she also tackles a variety of subjects ranging from food to fashion to travel. Her work can be found across dozens of publications such as Credit Karma, LendingTree, Northwestern Mutual, The Everygirl, and Apartment Therapy.