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Tips, advice, and the latest news from the savings world.

Why am I saving? A young person’s perspective

Debt Emergency Savings Savings Tips College Back to School Youth Goals
Written by Guest Blogger · 23 July 2018

By Destinee Whittington, Mayor Marion Barry Summer Youth Employment Program

Saving money is usually not the first thing on a young person’s mind. Many young people enjoy the freedom of having no financial responsibility, so they spend money without thinking twice. As a young person, I’ve been told to save money but no one has ever taught me why it’s important to save. Here’s why saving money as a young adult is important.

5 Easy Steps to Tackle Your Debt While Saving

Debt Automatic Savings Budgeting
Written by Darlene Aderoju · 20 July 2018

Debt can be a heavy weight on your finances. It can hinder your spending in the short term and cause your savings to fall far behind in the long term. Fortunately, by making a few financially savvy decisions, it’s not impossible to pay off debt while contributing regularly to your savings.

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Tip of the Day

  • Written by Administrator2 | January 12, 2014

    Keep track of your spending. At least once a month, use credit card, checking, and other records to review what you've purchased. Then, ask yourself if it makes sense to reallocate some of this spending to an emergency savings account. http://ow.ly/sj972

Saver Stories View all »

Taking Back Control Over Finances

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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Transforming “I Can’t Save” to “I Will Save”

Written by Guest Blogger | January 13, 2016

You will not believe what it took to completely change my life. About three years ago, the HR Administrator of the corporation where I worked (as a temp with no benefits) forwarded an email to me. Fifteen seconds. One small act of kindness. That's it - that's all it took!

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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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