Live data from Hacker News

SaveUp makes paying your debts addictive and fun

venturebeat.com

1–10 of 22 posts

Re: SaveUp makes paying your debts addictive and fun

#5

This site has the exact mechanics of a slot machine.

Except the machine is your own "house" (bank accounts), right?

Co-founder at SaveUp here. SaveUp is absolutely free. Think of it as a rewards program that is scalable to any financial instrument. You can earn SaveUp credits with an type of account ( ING Savings Account, Chase Credit Card, etc).

Basic concept is we reward you for good financial actions. We have sponsors and will get more sponsors to offset the prizes, as well as financial referrals.

Re: SaveUp makes paying your debts addictive and fun

#9
post #5

Earlier quoted context omitted.

Except the machine is your own "house" (bank accounts), right?

Co-founder at SaveUp here. SaveUp is absolutely free. Think of it as a rewards program that is scalable to any financial instrument. You can earn SaveUp credits with an type of account ( ING Savings Account, Chase Credit Card, etc). Basic concept is we reward you for good financial actions. We have sponsors and will get more sponsors to offset the prizes, as well as financial referrals.

So, my "reward" is an advertising opportunity for banks, insurance companies, etc.? They better be offering some sweet deals.

Re: SaveUp makes paying your debts addictive and fun

#10
post #9
post #5

Earlier quoted context omitted.

Co-founder at SaveUp here. SaveUp is absolutely free. Think of it as a rewards program that is scalable to any financial instrument. You can earn SaveUp credits with an type of account ( ING Savings Account, Chase Credit Card, etc). Basic concept is we reward you for good financial actions. We have sponsors and will get more sponsors to offset the prizes, as well as financial referrals.

So, my "reward" is an advertising opportunity for banks, insurance companies, etc.? They better be offering some sweet deals.

Your reward can possibly be $2million or any of the prizes on our site.

We will never accept financial products that are not in the best interest of our users. Nor will we ever sell your information.

We are just trying create an entirely new rewards program that is free and self sustaining. Our inspiration comes from Prize-linked savings. Check out this article about PLS.

http://www.freakonomics.com/2010/11/18/freakonomics-radio-co...

Post reply on HN