Saving up enough money for that post-grad Eurotrip with your 5 best friends is no longer a matter of “if,” but of “when.”
ImpulseSave, an up-and-coming costumer savings product, is designed to help you keep the money you’ve earned instead of wasting it on impulse buys. According to their website, fifteen to twenty percent of our take-home pay is drained by purchases we neither need nor remember buying. Â
Luckily, the free online service is making pigs fly to your rescue. It allows you to set up monetary goals–whether it’s a new purse or your dream apartment–called “autosaves.” Once you’ve linked your ImpulseSave account to your checking account, you can begin adding money to your autosaves instantly–at home on your computer or on-the-go with your mobile phone. So instead of wondering, “Hey! Where did that $20 go?” you’ll know exactly where your money is: safe and sound in your own virtual piggy bank.
If you’re still not convinced that saving can be just as tempting as buying, the proof is in the pig. The two-year old startup has already helped its customers save around $3,600 a year. With all the angst of being post-grad and unemployed, who doesn’t want to have that dollar amount in their pocket?
Abbey Canning, a rising senior at Boston College and an intern at ImpulseSave, admits that saving can be hard: “Who wants to put away five dollars when you can buy a Starbucks latte instead?!” Â But she also says that part of what makes ImpulseSave so successful is its community: you can share your saves online with family and friends and see how others are progressing.
“With the help of that community…people are more apt to save that money because they constantly are seeing other people either saving towards their goals or reaching them. I think this is a huge reason why ImpulseSave works because it’s not often that people are encouraged to save,” Abbey says.
ImpulseSave has plenty of fun and creative ways to pocket your hard-earned money on its blog along with personal success stories to motivate you. Â So stop dreaming about that Eurotrip, collegiettes, and start ImpulseSaving!
Â