Choose ImpulseSave Instead of Impulse Spending

It is funny how sometimes something so mundane and boring like saving money can suddenly become fun, creative and even change one’s perspective on spending. No, I am not a reborn saver. I am still an impulsive spender, but something has changed me. Just a little bit.

Suddenly, instead of getting my favorite latte every day, I bring my own coffee and skip trips to my favorite coffee shop, and save $10. If I am in a mall and talk myself out of buying a pair of shoes, I save another $50. Now, before I act on my impulses, I ask myself: how bad do I want this? Sometimes I need want it bad, and I spend money. I am a spender, after all. But sometimes I say “Nah, I don’t really need it,” and then I save.

The interesting thing is that after I make those important saving decisions, people whom I don’t even know cheer, encourage and support me. Are you wondering what I am talking about? ImpulseSave!

What is ImpulseSave?

ImpulseSave is a real savings account in a real bank. It employs the same high-grade encryption used by financial institutions and government agencies.  All your financial information is encrypted in transit, and in storage. Your money is held in your new FDIC-insured savings account.

This product opened for me a completely new way of saving. No, I take it back. This product showed me a new way of thinking about saving. You have to admit that saving is a hard, tedious, and never ending work. With ImpulseSave saving became not just easier, it became fun.

Now imagine, you entered a store and decided instead of spending money on something that you don’t need, to save it. You can transfer money into your ImpulseSave account right there, in that store, by using your phone. You can fire off a text message or you can use ImpulseSave’s new application. I prefer to use their app to control my impulse spending.

With ImpulseSave you are never alone in your saving endeavor. ImpulseSave is an interactive, community based online user interface. You see what other people are saving for, and you can support and encourage them! I saw people’s contributions towards their vacation funds, emergency fund, taxes, rent, furniture and so on. I myself have two goals. One is called “Repairs and Despairs,” and the other one is “Pay that Honda Off.” Enough said!

More About ImpulseSave

Click on the video below to get a better understanding of ImpulseSave.

How It Works from ImpulseSave on Vimeo.

Want to Become a Part of ImpulseSave?

It is a private site that is still in the beta phase. It is by invitation only.

I was extremely lucky to be invited to be a part of their initial testing phase. I’ve been using it for a while, and I absolutely love it.

Because I am using and loving it, I am hosting an ImpulseSave giveaway for my readers. I am giving you a chance to experience ImpulseSave and join its exclusive site.

ImpulseSave was kind enough to create a specific entry page just for My Broken Coin readers. There will be no need to request invites, you will be able to enter instantly to ImpulseSave and start activating your account immediately.

Please ENTER HERE!

Please note: you have only 24 hours to enter. The page will be deactivated after 7:00 AM MT Saturday morning.

Disclosure: I am NOT getting paid for this review. I am NOT getting paid for offering my readers this special opportunity to become an ImpulseSave member. All opinions expressed in this post are my own.

This post was featured in the following carnivals:

Canadian PF Happy Hour at Canadian Personal Finance
Carnival of Fin. Camaraderie at The University of Money
Carnival of Financial Planning at Master The Art of Saving
Carnival of MoneyPros at Portfolio Princess
Carnival of Retirement at Good Financial Cents
Totally Money Carnival at Money Reasons
Y & T’s Weekend Ramblings at Young and Thrifty
Yakezie Carnival at Tackling Our Debt

17 thoughts on “Choose ImpulseSave Instead of Impulse Spending

  1. Ric "The Turtle" Ryan

    Like your blog. It is good way to save and something more people need to practice. When you go to Yard Sales you see the results first hand of impulse buying and its cost. A brand new dress or pair of shoes with the tags still on them selling for a dollar. That is money the person you are buying it from wasted. I buy it and try to sell it for 40 to 50% of what the original value was. At worst I can just double my money, but you benefit from some one else’s bad spending habits. Sad but good. You can learn a lot about looking at yard sales. Americans want to get in shape, but lack the motivation to do it. You can tell this by all the exercise equipment for sale. Walking is good exercise and it does not require a treadmill to do it. Again, Liked the blog. Invite you to check out mine and look at the Money articles for savings.

    Reply
  2. Elizabeth @ Simple Finance

    I think I’ll check it out – I can also be an impulse spender, but that’s just because I’m so vanilla most of the time that I have to be impulsive on SOMETHING. Maybe saving can be the new spending for me!

    Reply
  3. Pingback: Carnival of Financial Planning - Money Management Edition #244 - July 6, 2012 | Master the Art of Saving

  4. Pingback: Weekend Ramblings - Heat Wave Edition

  5. Pingback: Canadian Personal Finance Happy Hour – Sixth edition – Heatwave! | Canadian Personal Finance

  6. Pingback: Lifestyle Carnival 10th Edition | Lifestyle Carnival

  7. Pingback: Carnival of Money Pros | Portfolio Princess

  8. Pingback: Amazon Smart Phones, Queen Elizabeth Isn’t the Queen and a Carnival — Wealth Artisan

  9. Pingback: TotallyMoney Carnival – Money Reasons Edition | Money Reasons

  10. Pingback: best money saving blogs

  11. Pingback: Lifestyle Carnival 10th Edition

  12. Pingback: Yakezie Carnival July 8, 2012 – Summer Fun Edition | Financial News Blog 2012

  13. Pingback: What Would You Take With You in Case of a Fire?

  14. Pingback: Carnival of Retirement – 27th Edition

Leave a Reply

Your email address will not be published. Required fields are marked *