08 December 2008

Savings? Solved.

Check this out: SmartyPig. Basically, it's a savings program that allows you to save for a specific goal (like a trip, for example) by transferring money automatically from your checking account. You set the goal and the time frame and SmartyPig will give you a suggested monthly amount to set aside. Your SmartyPig account even earns a 3.90% interest rate. I think the best part is that you can make your account public, so others can contribute to your goal. Once you've reached your goal, you can receive your savings plus interest on a SmartyPig MasterCard debit card, receive the amount on a gift card, or you can transfer the savings plus interest back to your checking account. Oh, and it's all free. Great idea, huh?

2 comments:

Sarah said...

Very interesting! At the risk of sounding like an old woman, is it safe and secure? I think I need to sign up. Are you saving for anything on there?

Amy and Andrew said...

Yes, it looks very safe and secure. The website details all its security features. I'm not saving for anything yet, but definitely thinking about it!