SaveUp: A New Approach to Reach Saving Goals
Staying motivated to save money is a challenge. Sometimes we need a little extra something to keep us motivated! "I'm excited to introduce a new tool to help you," announced Kathy Sweedler, Consumer Economics Educator, University of Illinois Extension.
America Saves, a national initiative that encourages individuals and families to save money and build personal wealth, has partnered with SaveUp, the nation's first free rewards program for saving money and reducing debt. SaveUp is available for free to Americans who bank at more than 18,000 US financial institutions.
Unlike traditional rewards programs that focus on driving consumer spending, SaveUp rewards users with credits for performing positive financial actions, such as contributing to their savings or retirement accounts; paying down their credit cards, mortgages or other loans; and engaging with SaveUp's financial education content on the site. SaveUp users can use their credits to play for exciting rewards such as retail gift cards, electronics, vacations, home makeovers, cars and even a $2 million jackpot.
"I've tried the new SaveUp program and find it very intriguing," says Sweedler. If you like playing games online, check this out. If you're a person who enjoys the excitement of playing the lottery, this may give you the same "buzz" and you'll be saving money rather than spending it!
Source: Kathy Sweedler, Consumer Economics Educator, University of Illinois Extension, sweedler@illinois.edu; (217) 333-7672.
