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100-Envelope Challenge: What It Is & How It Works

Summary by WalletHub
What Is the 100-Envelope Challenge? The 100-envelope challenge is a money-saving strategy that originated on social media. It requires you to label envelopes 1 to 100, then pick an envelope each day for 100 days and put the corresponding amount of cash in the envelope you pull – like putting $5 in the envelope labeled 5. It’s a fun way to save money, and if you stick to the challenge, you can save over $5,000 in those 100 days. Key Things to Kno…
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WalletHub broke the news in on Wednesday, April 16, 2025.
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