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How does Envie work?

Here's what Envie is, how it works, why it was created, and a deeper look into the challenge levels.

Updated over 9 months ago

What is Envie?

Envie is an app that makes saving money easy and fun. You pick a goal, play & save a small amount of money every day for 100 days, and cash out your savings at the end.

It’s based off the viral #envelopechallenge, where folks label 100 paper envelopes #1 through 100, put them in a box, and pull an envelope daily. Whatever # is on the envelope is the $ in cash that’s added to it. (For example, pulling #17 envelope means you put in $17 cash, and so on.)

By the end of the 100 days/envelopes, you’ll have saved up $5,050.


Why Envie was created

Envie turned this #envelopechallenge concept into an app that’s more convenient, accessible, & sustainable.

More Convenient

  • Between going to the bank, remembering to get cash back at the store, & needing to break bills, it can be pretty difficult to keep up with having exact cash on-hand every day.

  • Envie digitally transfers your exact savings amount from your bank account to your Envie savings with a couple of taps on your phone, wherever you are.

More Accessible

  • The physical #envelopechallenge only has one savings goal: $5,050.

  • Of course, we’d all love an extra $5k a hundred days from now, but not very many of us have the ability to realistically save that.

  • That’s why Envie has five Challenges; they start at $350 and go up to the original $5,050.

More Sustainable

  • Not only is Envie more sustainable from an environmental standpoint (no paper envelopes, no gas used driving to ATMs, etc.), we’re also more sustainable as a financial habit.

  • In general, the easier & more enjoyable something is, the more likely we are to stick with it.

  • Saving money isn’t exactly #1 on everyone’s Super Fun & Easy List, but Envie hopes to help with that!


Five Challenge Levels

  • Whatever Challenge level you choose, Envie will help you break that down into smaller, more manageable amounts to set aside daily.

  • These smaller amounts are dispersed in such a way that no matter which Challenge you pick, playing and saving daily will mean you’ve reached your goal in 100 days.

Challenge Goal

Saved Per Day (100 Days)

$350

$1 – 7

$550

$1 – 10

$1,000

$1 – 19

$2,500

$1 – 49

$5,050

$1 – 100


Rewards

  • As an incentive to cultivate daily savings habits, Envie has a rewarding streak feature.

  • When you reach your 30-day streak, you will unlock a Goldie – a golden envelope that, when landed on, means Envie will pay your full savings amount for that day.

  • You’ll also unlock a Goldie on day one of any new Challenge your start after finishing your first one!

  • Once you’ve completed a Challenge, you transfer your full savings amount back to your linked bank account.

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