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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 August 12, 2020

          How to Plan Your Life Goals and Actually Achieve Them

          How to Plan Your Life Goals and Actually Achieve Them

          Where do you want to be 5 years from now, 10 years from now, or even this time next year? These places are your goal destinations and although you might know that you don’t want to be standing still in the same place as you are now, it’s not always easy to identify what your real goals are.

          Many people think that setting a goal destination is having a dream that is there in the far distant future but will never be attained. This proves to be a self-fulfilling prophesy because of two things:

          Firstly, that the goal isn’t specifically defined enough in the first place; and secondly, it remains a remote dream waiting for action which is never taken.

          Defining your goal destination is something that you need to take some time to think carefully about. The following steps on how to plan your life goals should get you started on a journey to your destination.

          1. Make a List of Your Goal Destinations

          Goal destinations are the things that are important to you. Another word for them would be ambitions, but ambitions sound like something which outside of your grasp, whereas goal destinations are certainly achievable if you are willing to put in the effort working towards them.

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          So what do you really want to do with your life? What are the main things that you would like to accomplish with your life? What is it that you would really regret not doing if you suddenly found you had a limited amount of time left on the earth?

          Each of these things is a goal. Define each goal destination in one sentence.

          If any of these goals is a stepping stone to another one of the goals, take it off this list as it isn’t a goal destination.

          2. Think About the Time Frame to Have the Goal Accomplished

          This is where the 5 year, 10 year, next year plan comes into it.

          Learn the differences between a short term goal and a long term goal. Some goals will have a “shelf life” because of age, health, finance, etc, whereas others will be up to you as to when you would like to achieve them by.

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          3. Write Down Your Goals Clearly

          Write each goal destination at the top of a new piece of paper.

          For each goal, write down what is it that you need and don’t have now that will allow you achieve that goal. This could be some kind of education, career change, finance, a new skill, etc. Any “stepping stone” goals you removed will fit into this exercise. If any of these smaller “goals” have sub-goals, go through the same process with these so that you have precise action points to work with.

          4. Write Down What You Need to Do for Each Goal

          Under each item listed, write down the things that you will need to do in order to complete each of the steps required to complete the goal. 

          These items will become a check-list. They are a tangible way of checking how you are progressing towards reaching your goal destinations. A record of your success!

          5. Write Down Your Timeframe With Specific and Realistic Dates

          Using the time frames you created, on each goal destination sheet write down the year in which you will complete the goal by.

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          For any goal which has no fixed completion date, think about when you would like to have accomplished it by and use that as your destination date.

          Work within the time frames for each goal destination, make a note of realistic dates by which you will complete each of the small steps.

          6. Schedule Your To-Dos

          Now take an overview of all your goal destinations and make a schedule of what you need to do this week, this month, this year – in order to progress along the road towards your goal destinations.

          Write these action points on a schedule, you have definite dates on which to do things.

          7. Use Your Reticular Activating System to Get Your Goal

          Learn in this Lifehack’s vlog how you can hack your brain with the Reticular Activation System (RAS) and reach your goal more efficiently:

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          8. Review Your Progress

          At the end of the year, review what you have done this year, mark things off the check-lists for each goal destination and write up the schedule with the action points you need for the next year.

          Although it may take you several years to, for example, get the promotion you desire because you first need to get the MBA which means getting a job with more money to allow you to finance a part-time degree course, you will ultimately be successful in achieving your goal destination because you have planned out not only what you want, but how to get it, and have been pro-active towards achieving it.

          More Tips for Achieving Goals

          Featured photo credit: Debby Hudson via unsplash.com

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