When you stop to think about it, saving money is a beautiful thing. If you can cut your spending by saving money on the things you buy or by eliminating some of them altogether, you can actually end up with money left over at the end of the month, instead of month left over at the end of your money.
Win a $50,000 makeover
But now it gets even better than that. Thanks to a new start up called SaveUp you could win a $50,000 makeover, a TV are even a way to lower the interest rates on your loans. The way it works is that it reverses things by giving you a chance to win prizes by saving money, rather than spending money to get things.
SaveUp is designed to make saving fun by turning it into a game with some sensational prizes. How does it work? You first link your bank accounts, retirement funds and other accounts to the company’s system. The information is guaranteed to remain secure because SaveUp has teamed with Intuit to ensure that your sensitive information remains encrypted and secure.
Win smaller prizes instantly
There are new contests every week. Or you can purchase what are called “scratch cards” which give you a to win smaller prices instantly. Of course, the prize that everyone is crazy about is the $2,000,000 lottery jackpot.
How do you play? You are rewarded credits for depositing money into your savings accounts or paying off credit cards. You can then use these credits to participate in all kinds of online games that offer real prizes. You can put as little as $10 in your savings account and that’s enough to get you started. The idea is that you will eventually develop responsible saving habits so you can play regularly to give you even greater chances of winning.
What one user reported
One person who reviewed SaveUp found the system very easy to use. He reported that all he had to do was supply the login information from his bank’s website and four of his accounts. His credit cards were added instantly. He received 800 credits just for adding those accounts. He said that he started playing right away, picking numbers for the lottery-like jackpot and also entered a raffle ticket that he hoped would win him a new iPad. He did find that no matter how many credits you have, you can play only several times per day. This is designed to keep people coming back to the site. He found that based on his experience, SaveUp was fun and easy to use.
More sponsors to come
SaveUp currently offers prizes from Virgin America, Banana Republic and GameStop. An insurance company sponsors the cash prizes. As you might guess, the company is working to get more sponsors and banks. The company also intends to have Android and iOS apps that will allow users to access their SaveUp accounts from their smart phones.
I don’t know about you but this sounds like a pretty good idea to me and I’m going to try to get started later this week. I mean, why not? Winning $2,000,000 would certainly make me one happy camper.