Financial Management Site SaveUp.com is Purchased by Paul J. Burt and Relocated to Lake Forest, IL
SaveUp.com is an Award-Winning Application that Rewards Consumers for Paying their Bills or Adding to their Savings
Lake Forest, IL , April 7, 2015 (Newswire.com) - Paul J. Burt, an entrepreneur from Lake Forest, Illinois, recently purchased SaveUp.com, a free rewards program that offers people incentives for paying their bills and/or adding to their checking, savings, and retirement accounts. After purchasing the financial management site, Burt relocated it from the Silicon Valley to his hometown of Lake Forest, Illinois.
SaveUp.com is a free, award-winning iPhone and Android application that uses incredibly secure 256 bit (bank-level) encryption. SaveUp was named Spring 2014 Finovate Best of Show and 2014 G-Summit Best of Show, among numerous other awards. People who use the innovative program can enter in their student loans, mortgages, and car payments, as well as their credit card, checking/savings, and 401k accounts, earning points for each dollar that they pay to reduce their debt and save.
"Last week we reached 132,000 members, and one of our members won $5,000 for simply paying his monthly mortgage payment. This winner certainly validated our application and business model."
Paul Burt, CEO/President
When the consumer uses SaveUp.com to pay debt, he or she earns points for each dollar of debt paid, as well as for each dollar deposited into his or her checking/savings account. The accumulated points can then be used to earn rewards. In addition, the site provides educational videos that can be viewed, which, upon completion, also earns the viewer more points. Thus, SaveUp.com is a valuable resource for financial education.
“We have instant-win prizes, lotteries, and a super jackpot of $2M in which entries are drawn every month,” Burt explained. He is thrilled that there has been an average of 8 to 10 winners per day since he purchased the company on December 31st, 2014.
As the membership of SaveUp.com increases, Burt declares that the number of winners will only increase. Unlike other rewards programs that require people to spend large sums of money to earn points, or lock consumers into specific financial products with annual fees, SaveUp is completely free. As Burt explained, “the site is made possible through partnerships with banks, credit unions, advertisers, and human resource providers. Additionally, sponsors cover the costs of some of the prizes as well.”
About SaveUp.com:
SaveUp is a free financial management site and application that uses games and prizes to incentivize Americans to save money and pay down debt. SaveUp monitors account balances in order to issue credits. Credits, similar to reward points, are awarded every time a user saves money or reduces debt, and can be used for the chance to win cash and prizes. For more information, please visit www.saveup.com