Advertising
Advertising

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.

    Advertising

    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.

        Advertising

        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.

          Advertising

          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!

          Advertising

          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.

          How to Beat Procrastination: 29 Simple Tweaks to Make Design Is Important: How To Fail At Blogging 7 Tools to Help Keep Track of Goals and Habits Effectively 6 Unexpected Ways Journaling Every Day Will Make Your Life Better Why Getting Things Done is the Best Productivity System For You To Automate or not to Automate Your Personal Productivity System

          Trending in Lifehack

          1 How to Stop Procrastinating: 11 Practical Ways for Procrastinators 2 The Lifehack Show Episode 6: On Friendship and Belonging 3 Why Do I Procrastinate? 5 Root Causes And How To Tackle Them 4 The Power of Tapping into Your Hidden Creativity 5 How to Become an Early Riser and Stay Energetic Throughout the Day

          Read Next

          Advertising
          Advertising
          Advertising

          Last Updated on September 16, 2019

          How to Stop Procrastinating: 11 Practical Ways for Procrastinators

          How to Stop Procrastinating: 11 Practical Ways for Procrastinators

          You have a deadline looming. However, instead of doing your work, you are fiddling with miscellaneous things like checking email, social media, watching videos, surfing blogs and forums. You know you should be working, but you just don’t feel like doing anything.

          We are all familiar with the procrastination phenomenon. When we procrastinate, we squander away our free time and put off important tasks we should be doing them till it’s too late. And when it is indeed too late, we panic and wish we got started earlier.

          The chronic procrastinators I know have spent years of their life looped in this cycle. Delaying, putting off things, slacking, hiding from work, facing work only when it’s unavoidable, then repeating this loop all over again. It’s a bad habit that eats us away and prevents us from achieving greater results in life.

          Don’t let procrastination take over your life. Here, I will share my personal steps on how to stop procrastinating. These 11 steps will definitely apply to you too:

          1. Break Your Work into Little Steps

          Part of the reason why we procrastinate is because subconsciously, we find the work too overwhelming for us. Break it down into little parts, then focus on one part at the time. If you still procrastinate on the task after breaking it down, then break it down even further. Soon, your task will be so simple that you will be thinking “gee, this is so simple that I might as well just do it now!”.

          For example, I’m currently writing a new book (on How to achieve anything in life). Book writing at its full scale is an enormous project and can be overwhelming. However, when I break it down into phases such as –

          Advertising

          • (1) Research
          • (2) Deciding the topic
          • (3) Creating the outline
          • (4) Drafting the content
          • (5) Writing Chapters #1 to #10,
          • (6) Revision
          • (7) etc.

          Suddenly it seems very manageable. What I do then is to focus on the immediate phase and get it done to my best ability, without thinking about the other phases. When it’s done, I move on to the next.

          2. Change Your Environment

          Different environments have different impact on our productivity. Look at your work desk and your room. Do they make you want to work or do they make you want to snuggle and sleep? If it’s the latter, you should look into changing your workspace.

          One thing to note is that an environment that makes us feel inspired before may lose its effect after a period of time. If that’s the case, then it’s time to change things around. Refer to Steps #2 and #3 of 13 Strategies To Jumpstart Your Productivity, which talks about revamping your environment and workspace.

          3. Create a Detailed Timeline with Specific Deadlines

          Having just 1 deadline for your work is like an invitation to procrastinate. That’s because we get the impression that we have time and keep pushing everything back, until it’s too late.

          Break down your project (see tip #1), then create an overall timeline with specific deadlines for each small task. This way, you know you have to finish each task by a certain date. Your timelines must be robust, too – i.e. if you don’t finish this by today, it’s going to jeopardize everything else you have planned after that. This way it creates the urgency to act.

          My goals are broken down into monthly, weekly, right down to the daily task lists, and the list is a call to action that I must accomplish this by the specified date, else my goals will be put off.

          Advertising

          Here’re more tips on setting deadlines: 22 Tips for Effective Deadlines

          4. Eliminate Your Procrastination Pit-Stops

          If you are procrastinating a little too much, maybe that’s because you make it easy to procrastinate.

          Identify your browser bookmarks that take up a lot of your time and shift them into a separate folder that is less accessible. Disable the automatic notification option in your email client. Get rid of the distractions around you.

          I know some people will out of the way and delete or deactivate their facebook accounts. I think it’s a little drastic and extreme as addressing procrastination is more about being conscious of our actions than counteracting via self-binding methods, but if you feel that’s what’s needed, go for it.

          5. Hang out with People Who Inspire You to Take Action

          I’m pretty sure if you spend just 10 minutes talking to Steve Jobs or Bill Gates, you’ll be more inspired to act than if you spent the 10 minutes doing nothing. The people we are with influence our behaviors. Of course spending time with Steve Jobs or Bill Gates every day is probably not a feasible method, but the principle applies — The Hidden Power of Every Single Person Around You

          Identify the people, friends or colleagues who trigger you – most likely the go-getters and hard workers – and hang out with them more often. Soon you will inculcate their drive and spirit too.

          Advertising

          As a personal development blogger, I “hang out” with inspiring personal development experts by reading their blogs and corresponding with them regularly via email and social media. It’s communication via new media and it works all the same.

          6. Get a Buddy

          Having a companion makes the whole process much more fun. Ideally, your buddy should be someone who has his/her own set of goals. Both of you will hold each other accountable to your goals and plans. While it’s not necessary for both of you to have the same goals, it’ll be even better if that’s the case, so you can learn from each other.

          I have a good friend whom I talk to regularly, and we always ask each other about our goals and progress in achieving those goals. Needless to say, it spurs us to keep taking action.

          7. Tell Others About Your Goals

          This serves the same function as #6, on a larger scale. Tell all your friends, colleagues, acquaintances and family about your projects. Now whenever you see them, they are bound to ask you about your status on those projects.

          For example, sometimes I announce my projects on The Personal Excellence Blog, Twitter and Facebook, and my readers will ask me about them on an ongoing basis. It’s a great way to keep myself accountable to my plans.

          8. Seek out Someone Who Has Already Achieved the Outcome

          What is it you want to accomplish here, and who are the people who have accomplished this already? Go seek them out and connect with them. Seeing living proof that your goals are very well achievable if you take action is one of the best triggers for action.

          Advertising

          9. Re-Clarify Your Goals

          If you have been procrastinating for an extended period of time, it might reflect a misalignment between what you want and what you are currently doing. Often times, we outgrow our goals as we discover more about ourselves, but we don’t change our goals to reflect that.

          Get away from your work (a short vacation will be good, else just a weekend break or staycation will do too) and take some time to regroup yourself. What exactly do you want to achieve? What should you do to get there? What are the steps to take? Does your current work align with that? If not, what can you do about it?

          10. Stop Over-Complicating Things

          Are you waiting for a perfect time to do this? That maybe now is not the best time because of X, Y, Z reasons? Ditch that thought because there’s never a perfect time. If you keep waiting for one, you are never going to accomplish anything.

          Perfectionism is one of the biggest reasons for procrastination. Read more about why perfectionist tendencies can be a bane than a boon: Why Being A Perfectionist May Not Be So Perfect.

          11. Get a Grip and Just Do It

          At the end, it boils down to taking action. You can do all the strategizing, planning and hypothesizing, but if you don’t take action, nothing’s going to happen. Occasionally, I get readers and clients who keep complaining about their situations but they still refuse to take action at the end of the day.

          Reality check:

          I have never heard anyone procrastinate their way to success before and I doubt it’s going to change in the near future.  Whatever it is you are procrastinating on, if you want to get it done, you need to get a grip on yourself and do it.

          More About Procrastination

          Featured photo credit: Malvestida Magazine via unsplash.com

          Read Next