Each one of us saves a particular amount of money from our earnings to reach specific financial goals. These goals can vary from a wedding, a vacation, a house, a car to just a latest model of smartphone. Other than reaching specific financial gains, one would be saving for a rainy day too. The SmartyPig smartphone app is a handy tool that helps you to create your savings goal and reach there faster. The SmartyPig app is available free for download on both mobile platforms – Android and iOS – from their respective app stores.
Once downloaded and installed on your Android or iOS-powered device, you are taken through a pretty lengthy process to sign up. Once you have filled in all the personal details that you would not do to avail the benefits of most of other utility apps, you are all set to begin your journey to your goal. One more thing, you have to also give details about a bank account so that you can transfer money to your SmartyPig account.
Once all these initial formalities are done, you have to indicate how much your financial goal will cost and by when you want to accomplish it. You will have to indicate the frequency at which you want to save for this goal. For instance, if you want to save $50 a month to reach a particular goal then SmartyPig app will automatically debit $50 from your bank account each month and put it toward your goal. The best thing about SmartyPig app is that you can even accept contributions from other people to reach your goal. SmartyPig even allows you to connect your social media accounts so that whenever you add a contribution to your account, it tells people in your friends’ list that you have contributed. This keeps you motivated to save and hopefully gets others to donate to your cause.
In addition to this, the SmartyPig smartphone app gives you another opportunity to reach your financial goal a little faster. You can get a Cash Rewards card that you can preload with money from your bank account. Every time you use the card, you get 1% cash discount that goes toward your goal. The card is rechargeable so if you run out of money, you can always put more on the card.
With SmartyPig installed on your smartphone, you can view the current status of your financial goals, your friends’ goals, your transaction history, and transfer additional money to any goal — including your friends’ goals — right from your smartphone.
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