It can be hard to prioritize saving money, but it is of the utmost importance. I recently came across a non-profit company called SaverLife that is dedicated to helping individuals achieve financial security by getting in the habit of saving.
In fact, they even offer rewards for your effort. Before you know it, you’ll not only be saving money, but you’ll also be excited about your progress, and you may even start looking for more ways to save!
We are very excited to back this company and have a full review for you below!
A Little Bit About SaverLife
SaverLife.org is a non-profit that offers their services completely for free.
They truly have a heart for the hard-working American and want to encourage and inspire individuals and families to begin saving. This is why we are more than happy to recommend them.
Just a few of the companies that have partnered with SaverLife include Capital One, Prudential, JP Morgan Chase & Co., MetLife Foundation and the Intuit Financial Freedom Foundation.
Whether you’re looking for a savings method that will work for your situation or simply some motivation to increase the amount of money in your savings account, SaverLife can help!
Consider Reading: Take This 30 Day Minimalist Challenge and Save Big
Why Use SaverLife.org?
According to SaverLife, Millions of Americans are living paycheck-to-paycheck with 4 out of every 10 individuals having less than $400 in a savings account.
This statistic needs to be changed and the company is looking to do just that!
Within the free online platform, users are provided with many educational tools that will help them manage their money and get ahead, which is what we are all about here at Five Bags of Gold!
If you find yourself in need of a little accountability in order to succeed, this program is an excellent solution.
Get Rewarded for Saving
What SaverLife did was seek donations that they could distribute among their users. That allows them to reward users with both cash and digital prizes. I
love this because it gives savers something to work for, which means additional motivation to reach important savings goals.
Consider Reading: Over 22 Money Saving Challenges to Grow Your Wealth
How Does SaverLife Actually Work?
Since SaverLife isn’t a bank, you’ll need to sign up for free and then link your bank account.
Signing up is easy, as the company allows you to log in with your Google account, Facebook account or email. You can connect either a savings or checking account.
It’s important to note that SaverLife never touches the funds in your account, they simply monitor your savings progress to assign points that you can use toward a reward.
SaverLife members triple their savings rate in just six months! Join Us Today!
How to Earn Rewards With the Program
There are several ways a user can earn rewards points when using SaverLife. They can:
- Add money to their bank account (save)
- Read articles on the website to increase their personal finance knowledge
- Take part in challenges
- Use any of the tools on the website
The points really add up fast. Those points can then be redeemed for a chance to win a whole host of cash and prizes. In fact, one lady won a whopping $5,000 for her savings efforts!
A Few Other Attractive Perks
In addition to saving, SaverLife teaches on budgeting, credit, debt, investing and retirement. If that seems overwhelming to you, I suggest tackling one topic at a time, starting with debt if you have any.
Another reason I like SaverLife so much is its community. Not only do they have a series of inspiring success stories, but they also offer a forum.
On that forum, you’ll find like-minded individuals who are also on a journey to saving more and improving their financial standing.
That means you’ll have support and encouragement from people who understand what you’re going through.
SaverLife: In Conclusion
You really have nothing to lose, as SaverLife is completely free to join and use. I highly suggest you give it a try if you need a little help getting your finances to the next level!