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SaveUp.com: consumers used tax refunds to save and pay down debt

Boot Camp feature for Friday, May 31, 2013

Saving more and paying down debt…with a little online help.   I’m Fred Fishkin with technology BootCamp, a report on gadgets and gear.    SaveUp.com is a site that has been working with financial institutions and other companies to offer rewards to consumers for saving money and paying down debt.   And lots of Americans used their tax refunds to do just that according to data collected by SaveUp.   CEO Priya Haji….

What we saw is that in April, the average American saved over 525 dollars and paid down nearly 200 dollars of debt.   And this is very exciting because it’s a good increase in behavior both in the savings direction, it’s a great use of tax refunds.”

Since launching in November of 2011,  SaveUp.com  claims to have helped Americans save nearly half a billion dollars while reducing debt by almost 400 million dollars.    You can find us with archives, interviews and more at BootCamp.com.   I’m Fred Fishkin.

Categories: Online