#ASW17 Savings Focus: Pay Off High-Interest Debt

Debts that accrue interest over time can deal a major blow to your savings. But with planning, discipline, patience, and maybe some outside help, almost anyone can reduce their debts and start to accumulate wealth.

Although we’re coming to the end of America Saves Week, there are still actions you can take this week to improve your financial picture. Find places to cut your spending so that you can pay down your debts faster and find places to trim your expenses.

 

Participant Spotlight

  • In recognition of America Saves Week 2017, Wisconsin Saves and WWBIC are raising awareness of savings by engaging with state officials and securing proclamations from former Wisconsin Governor Jim Doyle, Milwaukee Mayor, Tom Barrett and the current Governor, Scott Walker.

Organizations like yours are sharing their activities and results with America Saves throughout the week. Find out more on what others have done for America Saves Week at http://americasavesweek.org/what-others-have-done.

 

Friday's Events and Activities

Tweet Chats

#MintAsks with Mint
Date: Friday, March 3, 2017
Time: 1:00 pm Pacific, 4:00 pm Eastern
Hosted by: @Mint

Webinars

Ways to Save on Friday, March 3, 2017 from 12:00 - 12:45 pm Eastern
Looking for ways to save money has always been important. During this webinar you will learn quick and easy ways to save you hundreds or maybe even thousands of dollars over the course of a year!

Cover Your Assets Webinar on Friday, March 3, 2017 at 12:00 PM Central
In 2013, fires cost Americans roughly $11.5 billion. Do you know the types of insurance that protects you and your assets from financial loss? Attend this webinar on Friday, March 3 from noon to 1:00 p.m. to learn how to Cover Your Assets! 

Cover Your Assets is part of the Grow Your Green Stuff webinar series from University of Illinois Extension, University of Illinois USFSCO Student Money Management Center, and Southern Illinois University, CarbondaleThis is a Protect Badge eligible program.

  • You can join for FREE from any computer with internet access. You’ll need working speakers or headphones to listen in.
  • Register at go.uillinois.edu/getsavvywebinars 

Pay Off High-Interest Debt on Friday, March 3, 2017 from 3:00 - 4:00 pm Eastern 
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.

Contests and Facebook Events

2nd Annual 24-hour Women Can Marathon
Begins: March 3, 2017 at 5:00 pm Central
Ends: March 4, 2017 at 5:00 pm Central
Hosted by: Business Interludes, LLC

Ladies, have pressing money questions on your minds? Join moderator, Oraynab Jwayyed, on Facebook for a 24-hour marathon to discuss saving, investing, and managing debt. Updates to the new tax requirements will also be shared.

Visit the Participate in America Saves Week page for the on-going contests and Facebook events available to savers across the country.

 

Click here for the full list of events and activities available today and throughout the Week.

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 | January 16, 2017

    #Taxrefunds (incl. EITC + ACTC) are NOT considered income for those w/public benefits. @RealEconImpact

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.

Read more...

The Gift of Homeownership

Written by Tammy G. Bruzon | August 5, 2015

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.

Read more...

Challenging Herself to Save

Written by Sara Cooper | April 15, 2014

It all started when Marchale Burton overheard Alabama cooperative extension colleague Isaac Chappelle, coordinator of Alabama Saves, explaining how saving just a little bit – even change – is all it takes to become a saver. “I thought about that,” Burton said, “and wanted to see if it would work.” So, she challenged herself to see how much change she could save.

Read more...

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