ASW2015 Savings Focus: Paying off High-Interest Debt

America Saves Week has successfully launched and nearly 1,700 organizations across the nation have come together to promote and celebrate good savings habits.

Yesterday, America Saves, partners, friends, and savers took a holistic approach to savings; discussing ways to get to know your full financial picture, using the Assess Your Savings tool to help determine the state of your current savings, and focusing on the importance of setting a goal and a plan.

Today’s Savings Focus will zoom in on paying off debt, particularly high-interest debt. With planning, discipline, patience, and maybe some outside help, almost anyone can reduce their debts and start to accumulate wealth. Find places to cut your spending so that you can pay down your debts faster and find places to trim your expenses.

America Saves is excited to be a special guest in today’s #CKchat with Credit Karma, where we’ll be discussing how savers like you can balance saving while paying off debt. Be sure to follow @AmericaSaves and @CreditKarma on Twitter, and join us this afternoon at 2:00 pm PST/ 5:00 pm EST using the hashtag #CKchat.
 


Tuesday’s Events & Activities

Tweetchats:

#ASW2015 with ICBA

#eXASchat with eXtension

#CKchat with Credit Karma

Free Webinars:

Savings 101

  • Tuesday, February 24, 2015 from 12:00 - 1:00 pm EST

Whether you're saving for something specific or establishing an emergency fund, you should have a plan to accomplish your goals. Diane Powell, Director of Communications, Pennsylvania Credit Union Association, will cover why it's important to have savings accounts and provide strategies to achieve desired results. You'll get the opportunity to make a pledge to save for America Saves Week.

10 Ways to Save in 2015

  • Tuesday, February 24, 2015 from 12:00 - 1:00 pm EST

Join GreenPath Debt Solutions during America Saves Week as they share ways to help you keep more money in your pocket in 2015!

Get $avvy – Grow Your Green Stuff Webinar Series

  • Tuesday, February 24, 2015 from 4:00 - 5:00 pm CST - Making the Most of Job Benefits

Do you want to learn how to empower yourself and grow your finances? Join us for the Get $avvy Webinar series! Experts and peers will teach you tips and tricks for managing your personal finances. Do you know how to get the most out of your job benefits? This webinar will teach you how to make the most of your employment perks.

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Tammy G. Bruzon | February 2, 2018

    If you’re a coupon-clipper or comparison-shopper, you can save for retirement. Visit AceYourRetirement.org during America Saves Week to start #AcingRetirement today #ASW18

Saver Stories View all »

Inspired to Build Savings By Starting Small

Written by Great Lakes Michigan Saves | April 19, 2016

With little-to-no money in the bank and living on a limited income with her adult daughter, Sharon wasn’t sure if building up savings for her future was even possible. “At my age, to put debts behind me would be a relief,” she said, but she wasn’t quite sure how to even get started with a savings plan. That all changed when Sharon attended the Great Lakes Michigan Saves Pay Yourself First Saver’s Summit during America Saves Week.

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Developing a Savings "Game Plan"

Written by Katie Bryan | October 28, 2013

Eunice Diaz, a teacher in Colorado Springs, had been noticing a pattern. Despite the fact that she and her husband were “making good money,” they were spending their entire earnings and “were still struggling at the end of the month.”

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Getting Out of Debt

Written by Katie Bryan | October 28, 2013

In 2004, Tonya Shelton was facing financial ruin. Barely making more than minimum wage and having lost her home to an unexpected family crisis, Shelton and her family were forced to live in a rundown hotel.

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