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A First Look at SaveUp.com: Get Rewarded for Being Smart With Money [Giveaway!]

A First Look at SaveUp.com: Get Rewarded for Being Smart With Money [Giveaway!]

Talking about money and the economy can sure be depressing for most, especially since we haven’t seemed to shake the “Great Recession” and many areas of the world are under financial pressure. But, as some think we are starting to “come out of” the worst of it, we all can afford to look forward and try to reach our financial goals. And, since we are doing that, it may be cool to be rewarded for it.

In a nutshell

    SaveUp is a new service that rewards you for saving money, paying down your debt, and learning about finances. By adding your bank accounts, loan providers, and credit card accounts to your profile, you collect “credits” that you can use to play against certain giveaways. These giveaways aren’t like little dinky $10 Amazon cards or anything; we’re talking Home Gaming Set Up’s worth $5,000, or Round-Trip Tickets worth $400. As of today there is even a SaveUp Super Jackpot worth $2 million.

    Talk about motivation for learning about money and saving.

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    The process

      Prizes at SaveUp are pretty crazy.

      After signing up for a SaveUp you are directed to your Home area where you can view some of the prizes as well as start to put some of your credits towards them.

      When I first signed up I started with 30 credits and 3 plays. When playing a prize it will tell you how many credits you are going to use. After you have played you are down one of your “plays” for the day.

        Watch videos about money to get credits.

        You can get new credits in all kinds of ways. You can add new checking and savings accounts, add debt or loan accounts, watch videos related to learning about money and finance, accepting and completing challenges, and the big one, by paying down your debt and saving money. At first, it’s pretty easy to rack up some tickets, but you have to remember that you can only play 3 times per day.

        Thoughts

        There is a lot that SaveUp has going for it. The idea that you can win incredible prizes for adding accounts, learning about money, and saving and paying down your debt is extremely compelling.

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        If you are worried about the security of your accounts, that isn’t a bad thing. The good news is that SaveUp uses the same type of encryption that Mint and other financial instituions use (256-bit SSL), making it just as secure. Of course, you should always be careful with your online accounts, but if you practice the same safe password practices that you do with your other accounts, you shouldn’t have any issues.

          Winning more credits.

          Another awesome touch that SaveUp offers is that even if you obtain a ton of credits, you can only use 3 plays per day, making people that pay more in debt and save more not have an unfair advantage. That means us Joe Shmoes have the same chances as Mr. Money Baggs on the hill. Not bad.

          The prizes that you can win are serious. Like I said earlier these prizes are in the thousands and even millions. That’s pretty crazy if you think about it.

          Pools are a new feature that SaveUp added that allow you to add friends and family to your profile and then use them to play different prizes. This helps increase your chances of winning as well as encourage all of your groups to save and pay down debt with you.

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          On another note, the design and interface of SaveUp is appealing and intuitive. You aren’t bogged down by too many settings or confusing options making the user experience really good.

          Conclusion

          I think that SaveUp is great. If you can get around the idea of using your saving and debt paying as a way to play games and potentially win prizes then SaveUp is probably one of the best ways that I have seen to motivate you to do what is right with your money.

          Oh, and by the way, because we at Lifehack like you so much and the people at SaveUp are so darn cool, we are partnering up with them to offer Lifehack readers (US only) a chance to win $500! You can use the $500 any way you want, but we suggest using it to pay down debt, to start a savings account or 401K, or maybe even use it to by some of those shiny productivity tools you have been eying up.

          All you need to do is signup for The Lifehack Letter, Lifehack’s new, monthly newsletter that will bring you exclusive content and special offers. After signing up and verifying your email address, you will be sent a special link that you can use to create a new SaveUp account and have access to the $500 giveaway!

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          The Fine Print

          Employees of SaveUp.com and of Stepcase (including current independent contractors of both) are not eligible for this contest. The winner of the $500 will be announced by SaveUp on 3/6/2012 via email. This prize will only be accessible to readers that use the special link that is sent in The Lifehack Letter welcome email. Any questions about rules and terms visit SaveUp’s rules and terms pages.

          Good luck!

          More by this author

          CM Smith

          A technologist and writer who shares advice on personal productivity, creativity and how to use technology to get things done.

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          Last Updated on September 15, 2020

          7 Helpful Reminders When You Want to Make Big Life Changes

          7 Helpful Reminders When You Want to Make Big Life Changes

          Overcoming fear and making life changes is hard. It’s even harder when it’s a big change—breaking up with someone you love, leaving your old job, starting your own business, or hundreds of other difficult choices.

          Even if it’s obvious that making a big change will be beneficial, it can be tough. Our mind wants to stay where it’s comfortable, which means doing the same things we’ve always done[1].

          We worry: how do we know if we’re making the right decision? We wish we knew more. How do we make a decision without all of the necessary information?

          We feel stuck. How do we get past fear and move forward with that thing we want to do?

          Well, I certainly don’t have all the answers, but here are 7 things to remember when you want to move forward and make positive life changes.

          1. You’ll Never Have All the Information

          We often avoid making important decisions because we want more information before we make a tough call.

          Yes, it’s certainly true that you need to do your research, but if you’re waiting for the crystal clear answer to come to you, then you’re going to be waiting a long time. As humans, we are curious creatures, and our need for information can be paralyzing.

          Life is a series of guesses, mistakes, and revisions. Make the best decision you can at the time and continue to move forward. This also means learning to listen to and trust your intuition. Here’s how.

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          2. Have the Courage to Trust Yourself

          We make all sorts of excuses for not making important life changes, but the limiting belief that often underlies many of them is that we don’t trust ourselves to do the right thing.

          We think that if we get into a new situation, we won’t know what to do or how to react. We’re worried that the uncharted territory of the future will be too much for us to handle.

          Give yourself more credit than that.

          You’ve dealt with unexpected changes before, right? And when your car got a flat tire on the way to work, how did that end up? Or when you were unexpectedly dumped?

          In the end, you were fine.

          Humans are amazingly adaptable, and your whole life has been helping you develop skills to face unexpected challenges.

          Have enough courage to trust yourself. No matter what happens, you’ll figure out a way to make it work.

          3. What’s the Worst That Could Happen?

          Like jealousy, most of your fears are created in your own head.

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          When you actually sit down and think about the worst case scenario, you’ll realize that there are actually very few risks that you can’t recover from.

          Ask yourself, “What’s the worst that could happen?” Once you realize the worst isn’t that bad, you’ll be ready to crush it.

          When you’re preparing to make a big life change, write down all of the things you’re afraid of. Are you afraid of failing? Of looking silly? Of losing money? Of being unhappy?

          Then, address each fear by writing down ways you can overcome them. For example, if you’re afraid of losing money, can you take a few months to save up a safety net?

          4. It’s Just as Much About the Process as It Is About the Result

          We’re so wrapped up in results when we think about major life changes. We worry that if we start out towards a big goal, then we might not make it to the finish line.

          However, you’re allowed to change your mind. And failing will only help you learn what not to do next time.

          Furthermore, just because you don’t reach the final goal doesn’t mean you failed. You chose the goal in the first place, but you’re allowed to alter it if you find that the goal isn’t working out the way you hoped. Failure is not a destination, and neither is success.

          Enjoy the process of moving forward[2].

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          5. Continue to Pursue Opportunity

          If you’re on the fence about a big decision, then you might be worried about getting locked into a position that you can’t escape from.

          Think about it a different way. New choices rarely limit your options.

          In fact, new pursuits often open up even more opportunities. One of the best things about going after important goals with passion is that they open up chances and options that you never could have expected in the beginning.

          If you pursue the interesting opportunities that arise along the path to your goal, then you can be sure that you’ll always have choices.

          6. Effort Matters, So Use It

          It sounds simple, but one of the big reasons we don’t make life changes is because we don’t try. And we don’t try because then it’s easy to make excuses for why we don’t get what we want.

          Flunked that test? Are you stupid? “Of course I’m not stupid. I just didn’t study. I would have gotten an A if I actually studied.”

          Stuck in a job you hate? Why haven’t you found a new job yet? “Well, I haven’t really tried to get a new job. I could totally ace that interview if I wanted.”

          Why do we make excuses like these to ourselves? It’s because if we try and fail, then we just failed. But if we don’t try, we can chalk it up to laziness.

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          Get over it. Failure happens to everyone.

          And the funny thing is, if you actually try—because it’s pretty clear that most people aren’t trying—then you’ll win a lot more than you think.

          7. Start With Something Manageable

          You can’t climb Everest if you don’t try hiking beforehand.

          Maybe applying for your dream job seems intimidating right now. What can you start with today?

          Can you talk to someone who already has that position and see what they think makes them successful? Can you improve your skills so you meet one of the qualifications? Can you take a free online course to expand your resume?

          Maybe you’re not quite ready for a long-term relationship, but you know you want to start dating. Could you try asking out a mutual friend? Can you go out more with friends to practice your communication skills and meet new people?

          You don’t need to be a world changer today; you just need to make small life changes in your own world.

          More Tips to Help You Make Life Changes

          Featured photo credit: Victor Rodriguez via unsplash.com

          Reference

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