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Meet your savings goals with a virtual piggy bank

Meet your savings goals with a virtual piggy bank
Smartypig

If you're still waiting to take your long-dreamed-of vacation to the vineyards of France, trying to save money to give the house a new coat of paint, or simply saving up for a new Magnavox 24" LED HDTV, SmartyPig may be the app for you.

Actually, it's more than an app; it's software linked to an actual FDIC insured savings account. SmartyPig is a BBVA Compass Bank product that helps you plan for your savings or spending goals via automatic deposits.

You begin by setting a goal or multiple goals and then calculate your timeline to meet those goals. Next, link SmartyPig to your existing checking or savings account so they can make deposits into SmartyPig at the intervals needed to meet your goals.

For big goals, other people can contribute to your SmartyPig account. It can even be set up as a gift registry.

Next page: More features and is there a catch?
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