Harnessing Piggy Mojo to make saving fun


piggymojo logoImpulse buying is a bugger. You know you can’t afford it but you go into a weird kind of shopping trance and buy it anyway. Or crack open your savings, which you were trying to keep for something you really need.

We’ve talked about ways to make saving fun before, but the Piggy Mojo website has created a system to do it for you, and turn the whole thing into a compelling social experience. You might even get hooked!

Here’s how it works.

When you’re tempted to splurge, grab your mobile instead. Then text Piggy Mojo the aunt you’ve decided NOT to spend and a short description of what you aren’t buying.

The power of impulse saving

Saving on your own is boring. This is social saving. The site texts the person or people you’ve specified every time you make a saving, so every time anyone saves, the momentum increases.  You don’t need to save socially, you can do it on your own, but clubbing together with friends and family makes it so much better – it feels real. They reckon you’ll get hooked, and I can see why. Such fun!

Transfer your savings

The site uses your texts to track your savings, completely independent of your bank account. So you always know exactly where you stand. They don’t handle your money, that bit is up to you. But change is on the horizon and it’s a service banks might soon start to offer, at which point you’ll be able to transfer the savings you make straight into a savings account.

In the meantime, it’s easy to move cash between your current account and savings account online. Set up a system where you transfer them at the end of every week, on a Friday so you’ve squirrelled it away safely before the weekend when most people hit the high street.

A cool, FREE way to teach teens to save

It’s also an excellent way to teach your teens to save. And it’s free, with no fees for saves and transfers. All you do pay for is your texts, at the usual rate, via your bill as usual. Simple.

Two questions – answers on the way!

There’s only two things I’m not sure about. I can’t tell whether the site is for everyone or USA only, since it displays in dollars. And you need a sign in code to join but there’s no instructions about how to get one. I’ve sent my questions to their support people and I’ll let you know as soon as I hear from them.


P.S – 8th July – just had a note back from Piggy Mojo and very sadly, it’s currently for US residents only. Sorry about that! 😉


About Author

I’m Kate. I live just outside Brighton, high up on the South Downs, with my husband Tony and our three cats. I’m dedicated to saving money, spending less, buying wisely, cutting waste, re-using, recycling, re-purposing and generating cash from the stuff I no longer want.

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