You’ve probably heard of the 100 envelope challenge, but it may have been way too intense to complete based on your salary.
So, this 50 envelope challenge is perfect for you and you can also save $1275!
The premise of the envelope challenge is simple: each day (or enveloped) save the money listed on the envelope.
The goal is simple: save $1275 by following through with your envelope challenge and documenting your success!
The 50 envelope challenge is a great way to save cash on a budget.
You will be surprised at how much money you can save by following this simple challenge.
The good news is more people are starting to save money than ever before. Savings rates are rising (source) and that is a good thing!
Thanks in part to many of the popular money saving challenges available today. What is your savings goal?
Here are the guidelines for how it works.
What Is The 50 Envelope Challenge?
The 50 Envelope Challenge is a fun game that helps you save money and prove to yourself that you can.
With the 50-envelope challenge, you envelopes each day or each week, if you prefer.
The challenge lasts until all 50 envelopes have been filled.
This money saving challenge is easier to do than the 100 envelope challenge but has many of the same outcomes.
How much can you save with the 50 envelope challenge?
The 50 envelope challenge can be a great way to save money, especially if you are new to saving money. By participating in the 50 money envelope challenge you can save $1,275.
That is something to be proud of!
How does the 50 envelope Challenge work?
The 50 envelope challenge is a money saving challenge.
Start with 50 envelopes and write a number from 1-50 on each envelope. Draw an envelope each day (or each week). Put the amount of cash equal to the number on the envelope inside. Do this for 50 days (or weeks) until all envelopes are filled and you have over $1,000 saved.
The 50 envelope challenge math is simple: add up your total money saved after completing the challenge.
Should you do the 50 Envelope Money Challenge? YES!
So what are you waiting for? Start saving today!
Why the 50 Envelope Challenge?
Now, let’s dig into why the 50 envelope challenge works better than the popular 100 envelope challenge…
For many people, trying to save those higher dollars amount over $51 a day can be pretty tough. Especially if you get high numbers on consecutive days.
But, if you still want to save money then try out this 50 envelope challenge.
With the 50 envelope challenge, you will save $1275.
That is a great start to save over $1000!
50 Envelope Challenge Chart
How much money do you save with the 50 envelope saving challenge?
You need to the numbers behind everything so you truly understand how the 50 day money challenge is set up.
Let’s break down how the math works with this 50 envelope challenge chart.
50 Envelope Challenge Variations
There are many variations of the 50 Envelope Challenge that you can try, such as filling all the envelopes with different amounts of cash or changing up the rules every day to see what works best for you!
Here are a few ideas:
- Pick any number from 1-100 and label those envelopes.
- Use numbers 51-100 for a higher saving challenge.
- Pick one envelope a week and complete the challenge in 50 weeks.
- Up the ante and complete the 52 saving challenge with 52 envelopes – one for each week!
Regardless of the rules for your 50 day envelope challenge, you will still be saving money.
Many people prefer one of these challenges instead:
- Your 52 Week Money Saving Challenge + Free Printable
- 100 Envelope Challenge – Fun $5050 Money Saving Plan
- 200 Envelope Challenge – A Spin to Save at Least $5K
What do You Need for the 50 Day Envelope Money Saving Challenge
The supplies needed for the 50 Day Challenge are not complicated and you should have most of them around your house.
Remember, the 50 envelope challenge encourages participants to cross off each envelope as it is filled with its corresponding amount of money saved.
To participate, you will need the following items:
- Envelopes – Plain old white envleopes work, but colored envelopes makes everything more fun.
- Sharpie or Marker Pens – You need something to write with in order to keep track of those envelopes.
- Cash – You need to figure out where you have the extra cash to stuff those envelopes. You may need to run to the bank quite a few times.
- Stickers or Rubber Stamps – To make sure you don’t cheat and reopen a finsihed envelope.
- Box or Container – Just make sure you have enough space for your envelopes!
Related Read: Best Cash Envelopes – Pick Your Favorite
Don’t want to make your own? Then, pick up these handmade envelopes from Desire Your Curves. Check out these 100 mini envelopes!
Also, it is super helpful to have a free printable 50 day challenge to keep you accountable! Don’t worry… we have you covered!
At the bottom of the post, you have the opportunity to download a free 50 envelope challenge PDF.
Printable 50 envelope challenge
The 50 Envelope Challenge is a printable tracker chart that you can download and print.
The idea is you will save $1,275 with 50 envelopes.
This 50 envelope challenge tracker is a useful tool to track the progress of your endeavor and motivation high!
What do you think of this money-saving challenge?
I think it’s a great idea.
In the long term, this challenge can save you a lot of money. If you fill up 50 envelopes with cash and put them away, you will have saved $1275! That’s a lot of money that can be used for other purposes.
This money-saving challenge is a great way to pave the way to save a significant amount of money over time.
All you need to do is put $50 in 50 envelopes and don’t touch the cash until the envelope is filled. Once all of the envelopes are filled, you’ll have saved $1275!
Then, next time, come back and try another one of our popular money saving challenges.