The Well

Rachel Surman | Blog

Carrot: The Health and Money Saving App

September 20, 2017

If you haven’t downloaded the Carrot Rewards app yet, now is the time. Carrot is an app that lets you earn points for your favourite rewards programs by engaging with government-approved messages about wellness.

Using Carrot, you can earn rewards by taking quizzes, reading about topics like healthy living, and even just for walking! Best of all, you can choose which rewards program you’d like to earn points for, such as Aeroplan Miles, SCENE points, Petro-Points, More Rewards, and Drop.

It’s an awesome rewards app, but more than that, it’s also a financial app because it can help save you money if you use it right! Here are just a few ways to save money using Carrot.

Learn and earn rewards

One way to earn rewards on Carrot (and save money) is to take quick and informative quizzes and surveys about your health and wellness. Topics are usually about healthy living, personal finances, and the environment. So if you’ve got the time to learn and earn rewards, why wouldn’t you use Carrot?

A favourite for us at Borrowell is earning SCENE points because this means free movies. For example, right now you can download Carrot and earn points just for downloading the app. First, you’ll automatically get 100 SCENE points for the download, and every time you get a friend to download, you’ll earn another 100 points!  

Simply pick the loyalty program you want to earn points for, then get learning and earning.  

Walk more and save money

Another way to save money using Carrot is to walk more seriously. All you need to do is download the app, which will sync with Google Fit, IOS Health Kit, your Apple Watch, or your Fitbit to track the number of steps you take in a day. Carrot will then set a personalized step goal for you, based on your average number of steps.

If you meet your daily step goal, then you’ll earn even more rewards every day. Walk more. Save money. Avoid transit! Everybody wins.

Take the quiz and get financially fit

If you’re already a Carrot user, you may have seen the Borrowell financial health quiz. Borrowell and Carrot have teamed up to educate users on the importance of being financially fit.

Being financially fit can mean different things to different people. It’s important to think about your finances like you would about physical fitness it should always be something that you’re working towards. Everyone knows that high levels of stress have an impact on your mental health. This is why it’s so alarming that 45% of Canadians are stressed because of their finances.

Together, Borrowell and Carrot want to empower you to make better financial decisions and to learn things that can affect your life every day. For example, did you know that your credit score can impact many areas of your life, including your insurance and mortgage rates? A mediocre or excellent credit score may be the difference between saving or spending thousands of dollars.

At Borrowell, we want to give you the tools so you can make excellent choices about your finances. Now, you can earn rewards and save money simply by learning about finances with Carrot, the app that’s helping Canadians learn and save. For us, it’s something to be pretty excited about!

To learn more about Carrot, visit their website here.