Endollar is a unique way to save money especially if you are saving with a goal in mind. This is an app that goes a long way to help you meet your saving goal.
Just follow these simple steps to get started:
- Download the free app
- Determine your saving goal
- Select a saving strategy
- Achieve your goal
There is no cost for this service and even the app is free. Every penny that you save is all yours. When you reach your saving goal all you need to do is request a withdrawal and Endollar will deposit the money back into your checking account.
If you have some type of emergency and need to stop saving or need to withdraw the funds early; there is no problem as you will be able to cancel or withdraw at any time.
A saving strategy is simply the way that endollar.com will help you to achieve your goal by using the most convenient method possible. There are three strategies you can choose from:
- Standard Progressive– Each week savings is increased by a constant amount and helps you reach your goal by the goal date;
- Reverse Progressive– Each week your savings is decreased by a constant amount and helps you reach your goal by the goal date;
- Linear-Each week your savings is the same amount to reach your goal by the goal date.
Here is an example – by the end of a year (52 weeks) your goal is to have saved $1378.
Under the Standard Progressive strategy each week a dollar more is taken out. Week 1 $1 is put in savings. Week 2 there will be $2 put in savings. Week 52 there will be $52 put into savings and your goal of saving $1378 in 52 weeks will be reached.
Under the Reverse progressive strategy each week $1 less is taken out. The first week $52 is put into savings. Week 2 there will be $51 put into savings. Week 52 there will be $1 put into savings and the goal of saving $1378 in 52 weeks will be reached.
Using this same goal with the Linear strategy, the same amount will be put into savings each week $26.50 and at the end of 52 weeks your goal will have been met.