100 Envelope Challenge - TikToks newest Money Saving Challenge (2024)

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Created: Wednesday, 24 March 2021 13:10
Last Updated: Sunday, 20 August 2023 17:00

100 Envelope Challenge - TikToks newest Money Saving Challenge (1)

The 100 Envelope Challenge is the newest craze in Money Saving Challenges. It's an easy challenge that can money savers are using to save a whopping £5,050 in one year (some even 6 months) it can be adapted to suit your income & payment schedule - which is why it's so popular.

100 Envelope Challenge - TikToks newest Money Saving Challenge (2)

We're always on the lookout for ways to save money – but it's not always easy to find a savings method that works for you, this one has taken off recently on TikTokand our community is loving it.

100 Envelope Challenge

100 Envelope Challenge - TikToks newest Money Saving Challenge (3)

How to Complete the 100 Envelope Challenge

The basic principles of the 52-Week Challenge are simple, andthe point of the envelope challenge is to make it a fun, affordable way to save.

Get 100 paper envelopes, Label each one from one to 100, and pop them in a bag or box.

You then draw envelopes at random. The challenge is supposed to be 2 envelopes per week for 50 weeks, but you can adapt it to your pay schedule if needed and do 8/9 per month or even 4 per fortnight.

Whatever envelopes you pick out you have to fill with the equivalent amount of money stated on the envelope. So if you pull out envelope number 12, you put in £12, and if you pull out an envelope number 49, you put in £49, meaning that week you would be saving a total of £61.

By the end of the challenge, you will have saved £5050.

Where to Buy Envelopes?

Search for dinner money envelopes as they are a perfect size.

I purchased mine from Amazon, they were £3.51 with free delivery for 100 here -Amazon Envelopes

You can also get them from any supermarket pretty cheaply, Tesco sells a pack of 50 for just £1 here.

How to get your FREE Template

Use this free template to keep track of your weekly save, which you can download and print off completely free of charge. Here’s a preview, you can download the high-def PDF further down or click on the image...

Well, that's the easy part! Simplyclick hereand you can print the PDF off at the click of a button. You’ll be hitting your savings goals in no time!

We have loads of free printable templates available to help you with everything from Money Saving and Income tracking to Meal planning and Debt Management over on ourFreebies section

Looking for more ways to save cash? Check out our100+ Ways to Save Money

100 Envelope Saving Challenge Tips

Highs & Lows

If you're worried you wouldn't be able to afford two high numbers in one week, you can separate them into two piles and pull one from each. 1 - 50 and then 51 - 100. That way you would never have to save more than £150 in any given week.

Adapt the Challenge

The great thing about this challenge is how easily it can adapt to your budget and payment dates. If you happen to pull out number 100 and number 99 in one week and really can't afford it, there's nothing stopping you from putting one high number back and having another go, or simply use the above high and low method.

Round Up

I round up all my envelopes just to save that little bit extra if I am able to on any particular week.

Choose a Day that Suits You

If you get paid weekly, fortnightly, or monthly then that's the day you should pull your envelopes. If it's weekly, pull two a week, fortnightly pull 4 per fortnight and monthly pull 8 or 9 (depending on if you want over or under). That means your challenge will be completed within a year and you can afford to hold back a few envelopes on a couple of pulls throughout the year if money is tight.

Keep Your Challenge in Sight

Place your printed chart somewhere that you will always see it, so it's always to hand to mark your progress and you'll always have a reminder of what you're working towards. This is why I find the printouts so handy.

Choose the Best Saving Option for you

Some people like to save in a bank account specifically for their savings at others at home, in cash. For this particular Money Saving Challenge, cash is preferred for the envelopes but you can easily adapt it and save in a bank account if it's easier.

Team up

Participating in a money saving challenge, especially if you are doing it with a friend, family member, or group, can help make saving more fun and help keep you on track.

Love Money Saving Challenges? Check out these...

No Spend Challenge

Bingo Money Saving Challenge

1p Saving Challenge

Spare Change Challenge

52 Week Saving Challenge

Monthly Money Saving Challenge

If you found the 100 Envelope Money Saving Challenge with free printable chart useful, have given it a go, or have any questions, please let us know in the comments below...

100 Envelope Challenge - TikToks newest Money Saving Challenge (2024)

FAQs

What is the TikTok saving money trend? ›

“Popularized by TikTok, the 100 envelope challenge is essentially a way to make saving money more approachable,” said Courtney Alev, consumer financial advocate at Credit Karma. Having to essentially “pay” an envelope every day might encourage you to cut back elsewhere in a way that feels more natural and seamless.

How to save $10,000 with the 100 envelope challenge? ›

On each envelope, write the day number and the amount you need to save for that day. For instance, on the first envelope, you would write "Day 1: $1" and on the second envelope "Day 2: $2", and so on all the way to Day 100: $100. Each day, you take the envelope for that day and put the designated amount of cash inside.

How much money do you save after the 100 envelope challenge? ›

Take stock of your savings At the end of 100 days, you'll have 100 envelopes containing $5,050. That's right—1 + 2 + 3 + 4 and every other number through 100 equals just over $5,000.

How to save $5000 in 3 months with 100 envelopes? ›

The 100-envelope challenge is pretty straightforward: You take 100 envelopes, number each of them and then save the corresponding dollar amount in each envelope. For instance, you put $1 in “Envelope 1,” $2 in “Envelope 2,” and so on. By the end of 100 days, you'll have saved $5,050.

What is cash stuffing? ›

Cash stuffing involves putting money in envelopes earmarked for various spending categories — like rent, groceries, entertainment and gas. Once you use up all the money in a given envelope, you aren't allowed to spend any more in that category until the following month.

Why are my TikTok views under $100? ›

#contentcreationtips #tiktoktips #contentcreator #tiktokalgorithm #200viewjail #sturdydigital If your video is stuck at under 100 views, it most likely means that the content you're posting has been posted on this platform before, and the TikTok algorithm will then surpress that video to protect the original creator of ...

What is the 100 envelope trick? ›

It works like this: Gather 100 envelopes and number them from 1 to 100. Each day, fill up one envelope with the amount of cash corresponding to the number on the envelope. You can fill up the envelopes in order or pick them at random. After you've filled up all the envelopes, you'll have a total savings of $5,050.

How does the 52 week envelope challenge work? ›

There are no complicated rules to remember. Week 1, you save $1.00. Week 2 you save $2.00, and it continues through the year, adding one more dollar to each week's savings goal. By Week 52, you'll set aside $52.00, which will bring the year's total savings to $1,378!

How to save 5k in 3 months? ›

If you are looking to save $5,000 in just 3 months, here are some tips to help you achieve your goal.
  1. Track Your Expenses. The first step to saving money is understanding where your money is going. ...
  2. Create a Budget. ...
  3. Reduce Unnecessary Spending. ...
  4. Increase Your Income. ...
  5. Automate Your Savings. ...
  6. Save on Utilities and Subscriptions.
Jan 22, 2024

How to save $4000 quickly? ›

How to Save an Extra $4,000 a Year
  1. Step #1: Look at Your Budget. “The first step in being able to save is to do a deep dive into your budget. ...
  2. Step #2: Figure Out Where to Cut Spending. ...
  3. Step #3: Determine Where Most of Your Money Is Going. ...
  4. Step #4: Sexy Math. ...
  5. Step #5: Set Up Automatic Transfers. ...
  6. Extra Tips.
Jan 7, 2019

How to save $2000 in a month? ›

How to Save 2000 in a Month: 13 Methods
  1. Create a Budget to Start Saving Money. ...
  2. Set Savings Goals & Track Your Progress. ...
  3. Open a Separate Savings Account. ...
  4. Automate Your Savings. ...
  5. Cut Back on Utility Bills. ...
  6. Have a No-Spend Day to Save Money. ...
  7. Consider a Side Hustle. ...
  8. Avoid Lifestyle Creep to Save $2,000.
Jun 4, 2024

How to save 3k in 3 months? ›

Yes, it is possible to save $3,000 in three months. This requires saving $1,000 each month, which can be achieved through a combination of strict budgeting, cutting unnecessary expenses and possibly increasing your income through additional work or side hustles.

What is the envelope budget trick? ›

To begin, a good rule to follow is the 50/30/20 method: 50% of funds go to needs, 30% wants and 20% to financial goals. Make an envelope for each category that applies: rent, utilities, phone bill, gas, groceries, emergency, savings and leisure. Put aside cash in each envelope corresponding to the amount used.

How to save $1,000 in 30 days? ›

Here are some fast steps you can take to turn your goal of saving $1,000 in one month into a financial reality.
  1. Track Your Expenses. ...
  2. Automate Your Savings. ...
  3. Cancel Your Subscriptions. ...
  4. Cancel Amazon Prime. ...
  5. Press Pause on Eating Out and Date Nights. ...
  6. Sell Your Unwanted Items. ...
  7. Start a Side Hustle To Bring in Extra Cash.
Sep 26, 2023

How to save $100,000 fast? ›

7 tips for getting your first $100,000
  1. Figure out how much money you can safely save each month. ...
  2. Automate your savings. ...
  3. Maximize your employer-sponsored savings and investment accounts. ...
  4. Save your tax refunds and work bonuses. ...
  5. Pay off existing debt. ...
  6. Seek a raise or some other way to increase your income.

How much is 35 thousand coins on TikTok? ›

TikTok Gifts Price

There are about 100 TikTok gifts available, with prices ranging from as low as $0.012 which is 5 virtual TikTok coins to as high as $500 which is 35,000 TikTok coins.

What is the TikTok trend as? ›

The Adult Swim trend on TikTok involves users creating their own bumpers or bumps inspired by the original Adult Swim content. TikTokers showcase their creativity by incorporating the “[adult swim]” or “[AS]” text in various ways, such as writing it out using unconventional materials like cashew nuts.

Why is TikTok giving money? ›

The TikTok Creator Fund is a revenue-sharing feature that makes it easy for users to monetize their content. It's also a huge incentive to keep creating content for the platform, giving you a chance to grow your audience, go viral, and be an internet superstar.

How much is 2000 TikTok coins in money? ›

Currently, TikTok coins cost in US dollars is: 100 coins – $1.29. 500 coins – $6.49. 2000 coins – $26.99.

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