Tips, advice, and the latest news from the savings world.
February 29, 2012
By: Sean Naron, Consumer Federation of America advocacy associate
As a first year saver I quickly learned to rely on a few tricks to stretch my paycheck here and there so I was able to build towards my goals without sacrificing all forms of fun. Last week, I discussed the difficulties of dealing with the disappearing paycheck and how to make sure start saving. That’s the easy part. It is much harder to consistently build your savings without dipping into it. So here are some more lessons I’ve learned and tricks that I use to get the most out of what I’ve got:
Lesson 3: Goals are important and necessary. Start small, and visualize.
- It’s so hard to take a good portion of your money and put it away for something abstract. Without a clear goal in mind, or one really far off, you will be much more likely to dip into your savings and rationalize that you’ll pay that amount back before you really need it. First of all, that makes it very hard to reach that goal. Secondly, let’s be honest, you probably won’t pay it back, at least any time soon.
February 27, 2012
By Kristina Wedseltoft, America Saves Intern
America Saves Week 2012 was a huge success! We had over 800 organizations participate reaching millions of Americans across the country. But just because the week is over doesn’t mean it’s time to stop saving. You should be saving year round to reach your savings goal, and remember, aim for a specific savings goal because those who do typically save more successfully. It’s important to keep your savings goal in mind throughout the year, so try writing it down and placing it somewhere you won’t be able to miss it. In case you missed any part of the week, here are a few articles highlighting America Saves Week and the importance of saving. Even though the Week is over, you can still join America Saves and receive the amazing benefits such as a free subscription to our quarterly newsletter, access to our members-only savers tracking tool and so much more! Start small. Think big. And join America Saves today.
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