Here’s a $2 Million Jackpot Worth Playing For

July 08, 2014

Would you like the thrill of gambling without the out-of-pocket cost?  Now you can combine the good habits of saving and paying down debt with the ability to win entries to prizes from SaveUp.com ranging from gift cards to the chance of winning the $2 million jackpot.  I learned about this prize-linked savings incentive by reading an article in the July issue of Kiplinger’s and signed up a few weeks ago to check it out.  So far, the only thing I have won is a 1 year subscription to Prevention Magazine, but it is fun and motivating to earn credits to play online card games to win prizes like a $5,000 savings deposit or your bills paid for a year.  Credits can also be used towards entries to the $2 million drawing, called the SaveUp Super Jackpot.  (Pick 6 numbers and the next jackpot numbers will be announced on August 1.)

To earn credits, you do have to link up your savings accounts, credit cards, and even your 401(k).  Then, you earn 1 credit for every:

  • $1 added to savings/401(k)/IRA
  • $1 in loan/mortgage payments
  • $2 in credit card payments
  • $1 increase in checking account balances

I am hesitating to add my checking and credit card information, but I did register my mortgage and the site appears to be secure since SaveUp says it “uses 256-bit SSL encryption, the same level of security used by banks, with the  site monitored and verified by McAfee, VeriSign, and TRUSTe to meet the highest industry standards.” I also registered my 401(k) since GreatWest, my retirement plan provider, was in the drop down box as a sponsor.  (SaveUp is made possible by various partners and sponsors that include banks and credit unions, who benefit from increased activity and tracking insight into their customers, human resource providers that benefit from increased 401(k) enrollment, and other sponsors who can benefit from building a stronger community around their brand.)

This week, you can win items such as a $100 gift card to Subway or a Netflix subscription in the weekly drawing or play for a donation prize to your favorite charity by playing mystery pick.  You can even create your own personal prize by selecting from a long list of possible sponsor prizes.  So start making saving fun and increasing your financial wellness by registering at SaveUp.com and I might see your name on the latest “winners” page.