SmartyPig.com: The Website That Will Help You Save More Effectively
ByIf you’ve made a new years resolution and are hoping to save more money this year, there’s a website that you need to know about—SmartyPig.com
SmartyPig.com provides a new variation on the idea of an online savings account. All savings accounts give you a place to put your money, but none of you to actually make use of your savings account and put money away. Just like an un-used treadmill won’t help you lose weight, an unused savings account will never help you build a nest egg. SmartyPig.com understands the psychology of savings and have developed a savings account that will encourage you to save.
SmartyPig.com helps you save by encouraging you to establish specific savings goals and then helps you develop an automatic savings plan that will help you meet our plan. SmartyPig.com will tell you how much money you need to put away each month to meet your goal by a specific date. The service will also setup an automatic transfer so that the amount of money you need to save each month is transferred from your checking account automatically to your SmartyPig.com savings account each month.
SmartyPig’s savings account also encourages you to save by offering you two great rewards. The first of which is the interest rate that the account offers. SmartyPig has consistently offered one of the best interest rates on savings in the Untied States for the last several years. SmartyPig also allows you to redeem their nest-egg in the form of gift-cards, giving you up to a 12% bonus on your funds depending on the retailer.
Over the next couple of years, banks will continue to decrease their lending activities as they face pressure to increase their capital levels. This and other coming regulations will make it more difficult to borrow money for major purchases via unsecured loans. This means that consumers will need to start saving up for major purchases instead of simply taking out a loan to make a purchase. SmartyPig.com is a service that will help you save up for major purchases and reward you for doing so.