Easy 30 Day Money-Saving Envelope Challenge - Budgeting for Bliss (2024)

Do you want a simple but effective way to save money quickly? Start this easy 30 Day Money-Saving Envelope Challenge today.

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What is a 30 Day Money-Saving Challenge?

A 30-day money-saving challenge is simply an easy way to set and reach your financial goals in a short amount of time. You are basically challenging yourself to save a specific amount of money every month.

Easy 30 Day Money-Saving Envelope Challenge

This challenge is perfect for you if you have a difficult time saving money, or live on a lower income but would still like to save money.

To make the challenge more fun, it uses cash envelopes, however, if it’s easier for you to transfer money to a separate savings account that will be just as effective. The ultimate goal is to save money so do whatever works best for you.

To Begin:

  • Pick up a box of plain white envelopes and then number each envelope 1-30. You can decorate them if you would like or print the envelope tags below to encourage you to start saving.
  • Every day pick one envelope, it doesn’t matter if it’s $30 or $4.
  • Add that amount of money to the envelope.

It’s as simple as that. After 30 days, you will have saved $465

Some Quick Tips:

  • You may find that it’s easier to add bigger amounts at the beginning of the week or after you get paid and save the smaller amounts until the end of the week.
  • Make it a habit to add your money to your envelope in the morning. If you end up waiting until after work or later in the day. You may not have as much money to add to your envelope.
  • If you find yourself struggling to add the larger amounts, simply pull out envelopes 16-30 and just use envelopes 1-15. Once they are filled, then start again. You will be able to save $120 every 15 days, so that’s still $240 every month.

The goal is to save money, so make it work for you and your income.

Why this money-saving challenge works

Let’s face it, there are so many different types of money-saving challenges online. However, many stretch on for an entire year, and while that can work for people who are good at saving money, for those who have never saved before it can seem intimidating.

Since this challenge is only a 30-day commitment, you are able to reach your goal quicker. This can be a huge motivator to keep going and try to save even more money.

One of the best parts of this money-savings challenge is that you are in control. So, if you want to save for the entire year, you can keep repeating it month after month.

A money-saving challenge can help you pay off debt, save for a vacation, build that emergency fund you’ve been putting off, or even set aside money for back-to-school shopping and special occasions.

Check out my fun Christmas Money-Saving Challenges here if you want to try something different to save money for the holidays.

More helpful ways to save money

If you find that you’re still struggling to save money, then it may be time to find some things that you can cut back on. As well, as earning some extra cash.

Try a no-spend challenge

A no-spend challenge is one of the best ways to find some extra cash when you are struggling to save money. Since you are choosing to only buy essentials during a no-spend challenge such as a mortgage, utilities, and car payments, you will have more money to contribute to your savings challenge.

Look for free activities that you can do with the family to save money and still have fun.

You may like:
  • 60 Budget-Friendly Summer Activities
  • 60 Indoor Activities at Home for Kids, Tweens, and Teens for (Winter and Spring)
  • 35 Cheap or Free Fall Activities
  • 25 Frugal Family Christmas Activities

Meal Plan

Meal planning has been one of the best things that I have done to save money for our household. Just taking a few minutes to plan out our meals for the week has saved us hundreds on our groceries. We have been able to reduce our trips to the grocery store every month resulting in less food waste and impulse purchases.

If you are new to meal planning and would like to learn more, my Beginner’s Guide to Meal Planning will help you get started.

Here are some more simple ways to save money on groceries:
  • 6 Easy Ways to Cut Your Grocery Bill in Half
  • 30 Easy Ways to Save Money on Groceries
  • 15 Supermarket Spending Traps to Avoid
  • 4 Best Grocery Shopping Apps to Save Money

Cut back on eating out

Although, this one is pretty obvious it’s actually the best way to save money quickly. Most people spend between $100-$500 a month eating out, which is between $1200-$6000 dollars a year. This is on top of what they are spending on groceries.

When you stop to think about it, that’s a lot of money that could be used for other things such as home improvement projects you’ve been putting off, the vacation you haven’t taken in years, or the emergency fund you’ve been wanting to start.

Remember this doesn’t mean you have to give up eating out entirely. Sometimes, it’s a nice treat after a really stressful day. You just need to find ways to make it work for your budget. Find coupons, go out to breakfast instead (it’s usually cheaper than dinner), or visit on a kid’s eat-free night.

Here are a few more ways that you can eat out on a budget here.

Declutter to sell your items

An easy way to make some extra cash in a pinch is to sell your old stuff. If you are unsure what to sell here are 106 Easy Things to Declutter in Your Home.The list should give you an idea of what you can declutter. Then, just sit down and make your own list of what you want to sell. Gather your items and list them on eBay, Facebook Marketplace, or Poshmark.

Grab your 30 Day Money Saving Challenge Printables Below

Do you want an easy way to keep track of how much you’ve added to your envelopes? You can print out this Money-Saving Envelope Tracker. Simply cross off the amount that you’ve added to your envelope every day. It keeps you organized so know exactly how much you have saved.

If you would prefer to have a blank money-saving envelope tracker printable (without the numbers)so you can do the 15-day challenge twice instead, you can print out the blank tracker here.

I’ve also created this envelope printable (below) that you can cut out and tape or glue to your envelopes. So you can start this 30-day money-saving envelope challenge right away.

Hopefully, this money challenge has inspired you to start saving today.

You May Like:
  • 13 Things to Stop Buying Today to Save Money
  • 15 Simple Ways to Save Money Every Month
  • 10 Ways to Stop Buying Things You Don’t Need

Don’t forget to sign up for myFree Resource Libraryto grab my free planner printables. You will also get access to lots more printables all completely free for you to print out and enjoy!

Follow me onPinterest for more ways to save money.

Easy 30 Day Money-Saving Envelope Challenge - Budgeting for Bliss (2024)


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 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 challenge? ›

11 Easy Ways to Save $1,000 in 30 Days
  1. Create a Budget. ...
  2. Automate Your Savings. ...
  3. Create a Savings Bingo Sheet. ...
  4. Negotiate Your Bills. ...
  5. Separate Wants From Needs. ...
  6. Plan Your Meals. ...
  7. Buy Generic Brands. ...
  8. Cancel Unnecessary Subscriptions.
Sep 26, 2023

How much do you save with the 30 day envelope challenge? ›

30-day savings challenge

You'll gather 30 envelopes and number them 1 through 30. Each day, you'll save the amount indicated on the envelope you choose. You could go in order or shuffle the envelopes and randomly select one. After 30 days, you'll have saved a total of $465.

How to save $100 in 30 days? ›

The goal of the Challenge is simple: save $100 in a 30-day time period through a series of gradually increasing deposits. November has 30 days so every day is a savings day. As shown in the picture below, daily savings deposits start at $1 a day for five days followed by $2, $3, and $4 each for five days.

How to save $1,000 dollars in 3 months? ›

If you wanted to save $1,000 in three months, for example, you'd need to save roughly $84 per week. That timeline can also provide you an opportunity to invest in a high-yielding time deposit account.

What is the envelope hack for saving money? ›

Each day, for 100 days, you draw an envelope from the box and place the amount of money that's written on it inside the envelope. Then, you continue the process until each one is filled up. At the end of the 100 days, if you stay consistent, you can save $5,050.

What is the cash stuffing method? ›

The basic premise of cash stuffing is that you set aside cash for different budgeting categories at the beginning of each month. The goal is to spend no more than that cash you've set aside for each category.

What is the formula to save money? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals. Let's take a closer look at each category.

How to save $500 in 30 days? ›

For something as short-term as this, it may be easier to set smaller, daily goals in order to make saving a part of your daily routine. In order to save $500 in 30 days, you would roughly need to save $17 per day, and this can be a combination of cutting back on spending and making extra money.

What is the 30 day cash challenge? ›

One way to make saving money easier is to try the 30-day savings challenge. Here's how it works: When you have the urge to make an impulse purchase, wait for 30 days and give yourself time to think about it. While considering the purchase, deposit the money you need for it into a savings account.

What is the $10,000 dollars in 3 months challenge? ›

Setting realistic savings goals is essential to ensure that you don't set yourself up for failure. One way to do this is by breaking down your target amount into smaller milestones. For example, if you aim to save $10,000 in three months, you can divide it into monthly targets of $3,333.

What is the envelope saving method? ›

The envelope budgeting system is one option for tracking spending each month. This method requires dividing the available spending money into separate envelopes that represent your key spending categories. They can be virtual envelopes: The approach can be adapted for use with mobile budgeting apps.

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

What is the 30 day savings rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

How much is 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.

Is it possible to save $5,000 in 3 months? ›

There are 12 weeks in a 3-month timeline, which means there are 6 bi-weeks. In order to save $5,000 in three months, you'll need to save just over $833 every two weeks with your biweekly budget. If you're paid bi-weekly, you can easily compare your bi-weekly savings goal with your paycheck.

What is the 100 envelope challenge equation? ›

The child genius had realised that if you group the numbers from 1 to 100 in pairs, the sum is equal to (1 + 100) + (2 + 99) + (3 + 98) + … In other words, 101 + 101 + 101 + … Since there are 50 pairs of numbers, the sum is 101 x 50 = 5050. The 100 envelope challenge is a way of saving £5050 in 25 weeks.

How does the 52 week envelope challenge work? ›

Match each week's savings amount with the number of the week in your challenge. In other words, you'll save $1 the first week, $2 the second week, $3 the third week, and so on until you put away $52 in week 52.

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