In Fast Company’s September 2008 issue, Anya Kamenetz describes the new trend in financial institutions: encouraging its customers/members to save money through a variety of means, including paying them or rewarding them with prizes.
Filene Fellow Peter Tufano, who has been studying new ways to encourage savings, is quoted in the article. Also featured in the article is Matt Davis, a 30 Under 30 member, for his credit union’s program What Are You Saving For?
Check out the article here. Also, check out Filene i3’s Prize-based savings innovation page for more open source information.
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Couldn’t be happier about the amazing public recognition of our savings program. We take the concept of promoting thrift very seriously at Members Credit Union, and sincerely hope that we have been able to make a difference in our members life with What Are You Saving For?
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It is very hard to earn money and because of that we must really think of ways on how to save our money. Saving money is a good thing so that when emergency especially when money is its concern we are not going to have a hard time to handle the situations. Instead of using our money to useless things we must save it.
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@Matt – Do the payday loan people follow you everywhere you go?
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@Ben They serve as the Bizarro Warrior. Those shadowy figures that represent all that I deem to be evil in financial services.
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