Savings Mindset Coach

About Savings Mindset Coach

Remotiv has partnered with Sports and Performance Psychology professionals to launch a mobile application program singularly focused on changing behavior to a savings mindset. The Savings Mindset Coach app utilizes mechanisms for behavior change that leverage accountability tools, commitment coaching, goal getting, focus training, and group culture participation; all concepts known to be successful in improving human performance. Through this training and motivation program, savings goals are transformed into manageable and sustainable daily tasks. Utilizing a proprietary model developed by the senior Director of sports leadership and mental conditioning at Cornell university, this transformative process from spender to saver through the integration of psychology-based mindset training implements various features such as:
• Saver Levels & Trophies – To track progress and commitment to savings, users are awarded trophies based on their usage of the app. The number of trophies achieved determines your current Saver Level status.
• Savings Targets – Each user will be directed to set and achieve personal savings targets to reach a specific financial goal by a precise point in time.
• Personalized Mindset Training Tools – Centered on one's "why," users are asked to personalize mindset training tools to create their motivational framework. These tools include personal slogans, imagery, and teammates to help them along the way.
• Personal Reminders – Dynamic, personalized push notifications and SMS messages are generated systematically to direct a user's focus to the target behaviors consistently over time.
• Analytics & Comparisons – The app allows users to compare their performance metrics with users of similar age and income ranges.
• Storytelling Feature – Users can share their progress and experiences with others as they advance through their savings journeys together.
• Remotiv Influencers - View and follow educational and entertaining stories posted by our Influencers to help our digital community consistently focus on saving.
• Change Accountability – As part of the process-based program, a user completes a required monthly assessment to determine their adherence to the program and current commitment to their savings targets.
• Spending Trainer – For users looking to improve their spending habits, the app offers a 30-day spender challenge in which users are directed to track their expenses and grade how they feel about the importance of their individual purchases.
• Retirement Readiness Experience – An assessment and projections are provided to motivate users to save more within their employer-sponsored defined contribution retirement plan.