Saving up for the rainy days become easy with SmartyPig

smartypigs.jpgYou just got to love the uber cool design of SmartyPig. And the cutesy pig logo on the banner is definitely a winner. Who would have thought that saving some of your hard earn money could be easy, fun and social? Before I begin this post, let me just give a well deserve hats off to whoever thought of coming up with SmartyPig.SmartyPig is a simple, smart, fun way to save for a specific goal. Using groundbreaking technology and the latest in security standards, SmartyPig allows you to invite family and friends to contribute to your account, gives you additional incentive boosts from top retailers who sell exactly what you’re saving for AND *4.30% (APY) interest on the money you’re saving. Simple, Smart, Savings. SmartyPig!

That description pretty much sums up what SmartyPig is all about. It’s a pretty simple online bank with a simple goal of helping you reach your goal by saving up for the financial expenses that you would incur. It helps you eliminate the need to get loans and in avertedly it helps you to be more patient.

Just like ordinary banks, SmartyPig secures your money through FDIC insurance. It pretty much works like your ordinary social networking site to get you started. After you create your profile, you need to tell SmartyPig your goal or the reason why you are saving up. Then you specify how much you are aiming to save and the time frame that you need before you can realize your goal. During the course of your saving period, you can share you goals to your friends and family and even solicit for their help to make you reach your goal. You will decide whether you want to make your goal/profile public or not. But the best part is, once all these are settled, you can now start saving through online banking transaction and make one step forward towards achieving your respective goals. Easy eh?

Found via