How to Get Paid to Reduce Your Debt and Build Your Savings

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How to Get Paid to Reduce Your Debt and Build Your Savings

A friend of mine in Florida sent me a link to a really cool website, SaveUP.com, which helps Americans earn rewards when they make payments on bills such as credit cards, or when they put money into a savings plan. I'm in Canada so I can't take advantage of it, but if I were south of the border I'd sign up for it in an instant, and here's why you should too.

How SaveUP Works

As you know, you can take advantage of most reward programs only if you spend money. But with SaveUP.com, you get rewarded in the form of credits each time you make payments on certain debts or put money into your savings plan, IRA or 401K. The site's tagline says it best: "Get Rewarded for Your Savings, Not Your Spending." SaveUP.com also has a fun, interactive component where you can earn credits when you take part in daily challenges.

Types of Accounts You Can Register with SaveUP

You can register credit cards from more than 18,000 financial institutions, student loans and checking accounts. You can also register your savings account, IRAs and 401Ks so you earn credits when you pay yourself!

Amount of Credits You Can Earn

SaveUP gives you a savings incentive right off the bat by giving you 200 credits just for registering any financial account. You'll earn an extra 1 credit for every $1 reduction on a car, mortgage, or student loan, and 1 credit for every $1 increase in your savings account, 401K or IRA. You can also earn 1 credit for each $1 increase in your checking account balance and 1 credit for every $2 you pay on your credit card. By the way, there are no limits to the amount of credits you can earn.

What You Get with Your Credits

You can use your credits towards daily chances to win vacations, cars, gift cards, electronics, tech products like iPads, and other items. You'll even get the opportunity to win cash rewards up to a $2,000,000 jackpot.

How to Join SaveUP

To start earning SaveUP credits, just sign up on the website by entering your name, email and a password. You can also sign up through your Facebook account. Once you've signed up, you can begin registering the accounts you want to make payments towards. The site ...

Sent from Monica L. Hawkins iPhone