Inspired to Build Savings By Starting Small

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.

Great Lakes Michigan Saves Pay Yourself First Saver’s SummitShe was inspired by the saver stories shared at the event and was intrigued by the positive impact even small savings could have for someone like her. She knew she had to get started right away. After taking the Savers Pledge, she created a plan to save at least $20 a month from now on, but if she can manage more, she will. Her goal is to be stress free from bill collectors forever, and with all of the great tips she learned at the Summit, she’s taken a great first step. Now, she plans to spread the word about saving to family and friends.

Ivory is a super saver who also took the Saver Pledge at the Summit. Some time ago, she and her family created a very strict budget plan with the goal of buying a home, and purchased their first home last year. As she was saving, Ivory also improved her credit score and put money into a savings account. Though she’s been successful, it hasn’t always been easy sticking to the budget. “I have made my family sacrifice for two-and-a-half to three years, and now I would like to show them my appreciation by planning a trip,” she said. “The Saver Pledge is giving me the means to do that.”

Just like Sharon and Ivory, every participant at the Pay Yourself First Saver’s Summit took the Saver Pledge, inspired by testimonials from successful savers and examples of how Great Lakes Michigan Saves has helped many families.

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

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Tip of the Day

  • Written by Katie Bryan | November 29, 2013

    Transferring money from checking to savings is the fastest way to #save $500 to $1,000 http://ow.ly/PZR8h 

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Quaneka Willis, a single mother of three children, was receiving rental assistance through the Housing Authority of the City of Milwaukee when she decided to take control of her finances. So, in September of 2013 she attended the Make Your Money Talk program and pledged as a Wisconsin Saver. In less than 12 months, she had maximized her savings and was beginning the process of purchasing her first home.

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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.

Read more...

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Written by Virginia Saves | August 5, 2015

After becoming a Virginia Saver and getting help from BankOn classes and coaching, Nadine Bialo took back control over her financial affairs.

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