Table of contents
Here's what Envie is, how it works, why it was created, and a deeper look into the challenge levels.
Updated over a week ago
Table of contents
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.
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!
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 |
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.
Related Articles
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Can I end my challenge early?
Can I use Envie to track my other savings?
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