BargainBriana

Frugal Living Without Sacrifice


You are here: Home / Articles / SmartyPig: Reach Your Savings Goal Faster

SmartyPig: Reach Your Savings Goal Faster

by

Are you looking to increase your savings this New Year or save up for something you have always wanted? Or even get a head start on the holidays with a Christmas Club type of account? I would suggest opening a SmartyPig.

What is SmartyPig?

You may have seen the banner on my site in the past and wondered what SmartyPig was all about. It is a perfect program for those who want to use “cash” only and still earn rewards.  Think of SmartyPig as a virtual piggy bank.

SmartyPig is a FREE program to join, which earns you money on your savings. If you are looking to use cash only in 2010, SmartyPig helps you replace the “Buy-Now-Pay-Later” approach with a “Save-then-Spend” mentality!

  • High Interest Rate Return – 1.75% APY
  • Savings Accounts are Insured by FDIC up to the maximum amount allowed by the law

Create Goals

Create Goals within SmartyPig and start saving. You will link your checking or savings account. How quickly you want to reach your goal determines your weekly/monthly/bi-monthly, etc. deposits to your SmartyPig account.
Once you set up your goal, just sit back and watch your balance increase as your deposits are automatically completed! Don’t worry, you can pause this program at anytime if your circumstances change.
If you want, you can share your goals with friends & family on social networking sites! Don’t worry, you don’t have to show a dollar amount, you can share by percentage instead of $!

SmartyPig Cash Rewards Card

Watch your SmartyPig savings goals add up for every day purchases with the new SmartyPig Cash Rewards card. This is a exclusive, reloadable MasterCard you create with a SmartyPig account. It is a prepaid card so you will be paying with money you already have and still earning cash rewards to help you fund your SmartyPig Goals.

Goal Reached

Congrats! You’ve reached your goal! What have you been saving for? An iPad, a family vacation, new house?
Once you’ve reached your SmartyPig goal, you can earn up to 14% in cash back savings by redeeming your goal for a Retailer Gift Card like Amazon, Travelocity, Gap, Lowes, or more!
Let’s say you’ve saved $2,000 and want to put those savings onto a Macy’s gift card for some new furniture. When you select this option, SmartyPig will give you a cash back savings of 11%. That’s $220 of FREE money to put back on a gift card and receive additional savings, or apply to your next SmartyPig goal. Where else but SmartyPig can you earn a double-digit yield on your savings?

Have you used SmartyPig? Do you think it’s as great of a way to save for a goal as I do?

Comments

  1. I love Smarty Pig – I have a couple of goals on there. The interest rate is the best around.
    I can’t wait for the national retail partners coming to the Rewards card – nothing participating in my area is really a place I go, but I think this is an awesome concept and I’ll definitely get on board soon.

Like what you've read?

Subscribe today to receive free daily updates and download your FREE eBook: 10 Secrets to Extreme Coupon Realistically

Disclaimer: This post may contain a link to an affiliate. See my disclosure policy more information.