Have you heard about Smartypig? If not, you are going to love it after reading this great blog post!
(Humble, aren’t I?)
I discovered Smartypig a few months back and was happy to sign up for it. It’s similar to ING. Both are Internet banks and because they have very little overhead expenses (like banks, employees and mailing costs). Because of this, they are able to offer higher interest rates than traditional banks.
Higher interest rates = Your money growing faster = Good!
Another great aspect to Internet banks, at least for me is the inability to access the money quickly. I know that both programs have debit cards available but for me, I do not request them. The harder it is to get the money, the less likely I am to buy on impulse.
Easy access to money = more impulse buying = bad.
What I love even more about Smartypig is their connections with social media. As you may see on the right side of this screen, Smartypig has a widget that you can embed into websites and blogs. You can link up with Twitter & Facebook and let others know about your savings goals.
For example, let’s pretend someone has two kids. This person sets up a savings account for each child. If this person had family members who like to send money for special occasions, they could post the widget on their blog or update their Facebook page. Family members could then click on those links and add money directly into the savings accounts.
Once the money is deposited, the widget updates and you can see the progress of the savings account.
Currently SmartyPig is running a Referral Campaign (and if one of your New Year’s Resolutions is to save money, this may be a great time to start) for each person who uses your referral code to open a new account, you can earn $25. Now your savings account can REALLY add up.
If you’d like to start a SmartyPig account, please leave your full name and email in the comments (once I see the comment, I will delete it so your email address isn’t out in the open) and I can send you a referral email. Once you sign up, spread the word to your family and friends and start building your savings!
Some FAQs on Smartypig:
And watch my widget as it grows (hopefully). My goal is $2000. I think that should be more than enough to move to Columbus in June. I’m including depoits, first month’s rent, utilities deposits and truck rental in this amount. I just moved $25 into that account so you should see a wee bit of progress in a day or two!
Be sure to let me know if you want to sign up, I’ll get a referral email out to you right away. And I really appreciate it if you do.
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