

The 200 day envelope challenge mostly works the same way the 100 envelope challenge does. Related post: Penny Savings Challenge Explained (Save $667.95 This Year the Easy Way!) How Does the 200 Envelope Savings Challenge Work? The 200 envelope version of the challenge makes saving $5,000 easier by breaking your goal down into smaller steps. But you might hit a snag if you’re in-between paychecks when you draw a higher-numbered envelope or an unexpected expense comes up. That’s not a problem if you have plenty of cash to save in your budget. But another day, you might have to save $100 in cash if you pull envelope 100.

So one day, you might save $5 if you pull envelope 5. The “challenge” part comes in because you never know what number you’re going to draw.
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