Are you ready for a fun savings challenge that will help you reach some money goals fast, and be fairly reasonable to do?
You may have heard about the 100 envelope challenge before.
You know, that viral trend going around social media where you save money in envelopes and after you have filled the envelopes you have saved $5050!
And don’t get me wrong, it is an awesome challenge! In fact I show you ho to do that challenge here.
But today I want to talk to you about a new spin off of the 100 envelope challenge.
This is the 200 Envelope challenge Doubles Edition!
That’s right, instead of filling just 100 envelopes, you will fill 200 envelopes and spend more time saving more money.
Let’s get into it!
What is the 200 Money Envelope challenge double edition?
The 200 money envelope challenge double edition is similar to the original 100 envelope challenge.
It is a fun way to save money and help you reach your money goals.
In the 100 envelope challenge, you select an envelope and save the amount listed on the envelope.
You are usually pulling a new envelope (and saving that amount) every day.
With the 200 envelope challenge, you have 200 envelopes that you are pulling and filling (or doing the same 100 envelopes twice).
BUT, since you have double the number of envelopes, you are saving over a longer period of time. This helps to make the challenge more doable overall.
And since you are doing the 200 money envelope challenge double edition, you end up saving double the amount as the 100 envelope challenge.
In fact, when you complete this challenge, you will have saved $10200!
Just image what you could do, the goals you could reach, with an extra $10,200 in your bank account!
Ready to get started doing the challenge? Let’s walk you through how to do it.
How to do the 200 envelope double challenge
First you will need the following items:
Envelopes–You need envelopes to complete this challenge. You can get 200 and use the same 100 envelopes twice.
Marker or Sharpie–You will need to label the envelopes and using a market will make the numbers very visible.
Container— You need a box or container to store the envelopes both before stuffing them with cash AND after.
Printable tracker— make the challenge more fun and stay motivated with the visual tracker!
You will need 200 envelopes (or plan to use the same 100 envelopes 2 times).
Label the envelopes 2-100 (using only the even numbers) and repeat until you have four sets of envelopes labeled 2-100. Or if reusing the 100 envelopes, then 2 sets of 2-100.
Next you want to Shuffle the Envelopes.
Rather than save the amounts from one to one hundred in order (that can get boring!), you shuffle the envelopes up so the order is mixed. This makes the challenge more interesting!
Step 3. Store the Envelopes. Now it is time to pull out one of those boxes we talked about earlier. Once the envelopes are shuffled, place them in the box, ready to start the challenge.
Step 4. Pull out your envelopes. Now it is time to start the challenge! Each day pull out an envelope. You can even do more than one envelope at a time.
Step 5. Stuff the envelope with Cash. Whatever number is the one the envelope you just pulled out, you now have to fill the envelope with that amount of cash.
For example, if the envelope you pulled out has 42 written on it, then you need the fill that envelope with $42 dollars.
Step 6. Seal the Envelope. Now that the envelope has cash inside, seal the envelope up so you can’t access the cash. Then place the sealed envelope in the second box for safe keeping.
Step 7. Continue the Challenge. Keep pulling out envelopes and stuffing them with cash. Once all the labeled envelopes are filled, you have completed the challenge and saved $10200!!!
200 Envelope Double Printable Tracker
Saving $10200 in a short amount of time is a HUGE incredible goal!
One of the best ways to stay motivated with large goals like this is to have a visual reminder out where you can see it.
That is why we created this printable tracker for the 200 envelope double challenge.
Every time you pull out an envelope and fill it with cash, also mark the amount on the tracker.
The tracker will help you stay motivated and keep up with how the challenge is going–how far you have come and how close to finished you are!
Final thoughts on 200 Envelope Double Challenge
If you are ready to tackle a big savings goal, and to do it in a way that is fun and motivating, then it is time to give the 200 envelope double challenge a try!
You have more time than the typical 100 envelope challenge AND you are saving a lot more than the original challenge.
Get started today! And make sure to snag this tracker to help you get started and stay motivated!
You got this! Happy saving!