ImpulseSave Review & Giveaway for The Penny Frugalista Readers!

ImpulseSave is a new way to save money.

How hard is it for you to save money toward your dream vacation, an iPad or a new TV? Most of us give in to the temptation of using our credit cards for immediate satisfaction (and immediate debt). What if there was another way to put money aside on the spur of the moment AND see how quickly you’re progressing toward your goal?

That’s where ImpulseSave comes in. It’s an exclusive website service that has people across the U.S. “impulse-saving” anytime, anywhere. There are plenty of opportunities to save your money and protect your assets. Link up your checking account, set up the ‘auto-save’ option, and the money is automatically routed into your ImpulseSave account! Easy-peasy. The account is FDIC-insured, so your money is safely tucked away until you’re ready to use it to pay off a credit card or, like me, buy your daughter a playhouse for the yard!

What I like best about ImpulseSave is the ability to push money over to your account whenever the mood strikes. The “impulse to save” usually strikes when I’m contemplating spending money on something else I need. The instant gratification of saving the $5 you’d normally spend on a latte is pretty neat. And it’s a social community experience, as you can leave encouraging comments for others working toward their own savings goals.

I set up my ImpulseSave so I can auto-save $75 weekly toward a new $300 playhouse for Miss Frugalette (trying out new names!), and my progress bar shows that I’ll meet that goal in 24 days — just in time for summer fun! Other people are saving toward a new iPad, trips to Iceland, or to pay off their credit card debt. I did find the site a bit hard to navigate at first, and would love to see a bit more instruction about how the site works and how to set up auto-saves, but overall, it’s been a good experience so far.

A few great points about ImpulseSave:

  • ImpulseSavers are saving an ADDITIONAL $4,000 a year on average
  • ImpulseSavers are actively saving towards 3 goals, on average
  • The interest rate on an ImpulseSave savings account is 0.40% APY

 

It’s Giveaway Time!

The Penny Frugalista is giving away 20 invites to ImpulseSave!

This is your chance to get into this exclusive site and start saving for the things that are important in YOUR life.

Enter the giveaway by simply entering your email address in the box below and get a chance to be one of 20 lucky readers awarded a coveted invitation to the ultra-exclusive ImpulseSave site. Entries will be accepted starting at 9 a.m. EST on Friday, May 11, and ending at 3 p.m. EST on Saturday, May 10.

EDIT: The contest is closed!

I’ll be contacting the 20 randomly-selected lucky winners after the contest ends. Good luck!

2 comments to ImpulseSave Review & Giveaway for The Penny Frugalista Readers!

  • I recently came across ImpulseSave myself and wow what a cool concept! The only thing is, I like to be a bit more intentional with my money management techniques, so impulse saving (or spending) is something I don’t think I could do. I’d imagine it would work well for a lot of people out there though!

    • Nicole

      @John: It does seem to be something that would appeal to those who play a little more fast-and-loose with their money. I’m not too impulsive, either, so the interface doesn’t work for me too well now that I’ve been playing around with it.

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