--- title: "100 Envelope Challenge: How To Save RM10,000 In 3 Months!" description: "Discover how to save RM10,000 in just over 3 months with the fun and easy 100 Envelope Challenge! Spice up your savings routine and see tangible results." url: "https://www.mrmoneytv.com/articles/100-envelope-challenge-how-to-save-rm10-000-in-3-months/" category: "Personal Finance" author: "Finlit" published: 2024-01-03 source: "Mr Money TV" --- # 100 Envelope Challenge: How To Save RM10,000 In 3 Months! Discover how to save RM10,000 in just over 3 months with the fun and easy 100 Envelope Challenge! Spice up your savings routine and see tangible results. ## Key takeaways - The 100 Envelope Challenge: label 100 envelopes 1 to 100, then each day pick one at random and put in cash equal to its number, ending with just over RM5,000 after 100 days. - To reach over RM10,000 in about three months, double every deposit: multiply each envelope's number by 2, so RM10 goes in envelope #5 instead of RM5. - It gamifies saving, so the random daily pick adds surprise instead of the robotic habit of separating a fixed percentage of every paycheck. - It flexes to your budget: stretch it over 200 days by picking an envelope every other day, or halve each amount if money is tight. - Using physical envelopes and cash makes progress feel tangible in a way a digital savings balance does not. Let’s be real, saving money is boring and not the most gratifying thing out there. Yes, it’s a good habit to save money but it gets mundane. Every time you get your paycheck, you separate a percentage that goes into your savings – it’s robotic and almost feels like you’re paying a bill.  But what if I told you that there’s a way you can spice things up? To make it a challenge! If you’ve been on personal-finance-TikTok for a while now, you’ve probably come across a few of these savings challenges. Well, in this article, I want to talk about the 100 Envelope Challenge and how you can save up to RM10,000 in just over three months! Let’s dive in. ## What is the 100 Envelope Challenge? The 100-envelope challenge is a way to **gamify saving money**.  Each day for 100 days, you’ll fill each envelope with money corresponding to the number on the envelope. After just over 3 months, you could have up to RM10,000 saved. ## How to do the 100 Envelope Challenge? 1\. Label 100 envelopes from 1 to 100. 2\. Randomly select an envelope every day and do this until all envelopes are filled. - The number on the envelope you choose is the amount of cash you should stick inside of it.  - For instance, you'd put RM3 inside envelope [#3](https://www.mrmoneytv.com/articles/hashtags/3) and RM98 inside envelope [#98](https://www.mrmoneytv.com/articles/hashtags/98). By the end of the challenge, you should have just over RM5,000. - Now, you can make this even more exciting (and save more money) by **multiplying the amount you save by 2x**. - For example, you’d put RM10 inside envelope [#5](https://www.mrmoneytv.com/articles/hashtags/5) instead of RM5. So, whatever the number on the envelope, multiply by 2, then save that much in the envelope. By the end of it, you should have over RM10,000 in about 3 months! ## Benefits of the 100 Envelope Challenge ### Encourages Consistent Saving This challenge promotes the habit of saving money regularly, a fundamental aspect of financial wellness. ### Fun and Engaging The random selection of envelopes adds an element of surprise and fun to the saving process. ### Flexible and Adaptable You can **adjust the challenge to suit your financial situation**. For example, if 100 days is too short, spread it over 200 days, choosing an envelope every other day. Or, you can even halve the amount you put in the envelope if your finances call for it.  ### Visual and Tangible Progress Physically putting money into envelopes provides a more tangible sense of progress compared to digital savings. *Subscribe to our* [***financial newsletter***](https://www.mrmoneytv.com/) *for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.* ## Frequently asked questions ### How much can you save with the 100 Envelope Challenge? The standard version gets you just over RM5,000 once all 100 envelopes are filled. Envelope #3 holds RM3, envelope #98 holds RM98, and so on across 100 days. If you double each deposit, putting RM10 in #5 instead of RM5, you end with over RM10,000 in about three months. ### How does the 100 Envelope Challenge work? Label 100 envelopes 1 to 100. Each day, pick an envelope at random and put in cash matching its number, so RM3 goes in envelope #3 and RM98 in envelope #98. Repeat daily until all 100 are filled, which takes just over three months. The random selection is what makes it feel like a game rather than a chore. ### How long does the 100 Envelope Challenge take? Just over three months, since you fill one envelope a day for 100 days. If that pace is too fast, you can spread it over 200 days by choosing an envelope every other day instead. The challenge is meant to be flexible, so you can adjust the timeline to suit your finances. ### Can I do the 100 Envelope Challenge on a smaller budget? Yes, the challenge is flexible. You can halve the amount you put in each envelope if your finances call for it, or stretch the 100 days into 200 by picking an envelope every other day. That lowers the commitment while keeping the same structure and habit of saving regularly.