I’m not going to get holier-than-thou. We’ve all bought things that we didn’t plan for – big-ticket items that we just had to have. (Right there! Right now! Gotta have it!)
And while the sticker shock is always tough to digest, the remorse of monthly credit card payments can be even harder. Long after the shine has faded on a new purchase, it’s easy to find yourself still making minimum monthly payments plus 15% interest. “Was it really worth it?” we wonder. It’s enough to take the joy out of splurging.
But it doesn’t have to be so painful – or 15% more costly. Buyer’s remorse can be a thing of the past. With a little forethought and setting money aside these kinds of big expenditures can be easy, fun, and even empowering. You’re buying something outright, with cash that you set aside for just that purpose… How’s that for being responsible and autonomous?
At SmartyPig we want you to break the vicious cycle of credit card debt. We want you to enjoy the empowerment that comes from managing your money, and making big purchases without fear of crushing credit card consequences. And we want you to benefit from that process. While you save for your item at SmartyPig, you’re earning an APY of 2.01%, one of the best rates around. Once you’ve met your goal and are ready for that new item, you’re able to redeem your goal to one of our retail partners including Amazon.com, Best Buy and Overstock.com offering boosts of up to 6% – giving you the most money for your money.
So when a purchase seems overwhelming, sit down and think about how much it costs and how long you want to be paying for it. Then, go ahead and buck the trend. Set your plastic aside. Figure out how much you want to save, when you want to save it by and how much you’re able to save each month. Before you know it, you can be watching the big game on your new flat screen or soaking up the rays next to azure waters. Your indulgences can be guilt free and SmartyPig can make that happen.