Have you been saving up for a new computer, a vacation or home? Your piggy bank might be the way to go but it can be difficult to determine just how long and how much you need to save to meet your goal. SmartyPig, a Des Moines, Iowa based startup is looking to help with its recent release of a "smart" and social savings plan application.
How does SmartyPig work? If you simply let SmartyPig know your savings goal and it will create a savings plan for you and go as far as to create an interest bearing account to use to save towards your that goal. SmartyPig savings accounts are FDIC insured and utilize the services of VeriSign, HACKER SAFE and TRUSTe to ensure safe transactions and handling of personal information. The savings account is very competitive with a
SmartyPig makes the entire saving experience social by exposing your goal so that friends and family can watch as you work towards your goal. They can even help by contributing to your account thus making you realize your goal more quickly. If they don't contribute they still can be there cheering you on as you sock away money towards your goal.
SmartyPig's also gives its users additional incentive boosts and discounts from retailer partners like Pottery Barn, Best Buy, Royal Caribbean and Home Depot when they reach a savings goal. It sounds like it pays to use SmartyPig to save towards your goals.