Recent Articles

Blog

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

2011 Top America Saves Saver Goals

Written by Super User · 21 March 2012

March 21, 2012

By Katie Bryan, America Saves communications manager

A recent study found that having a savings plan has beneficial financial effects, even for lower-income families. No matter what you are saving for we want to help you reach your goals. When you join America Saves we ask you to choose a goal, an amount to save towards that goal, and the number of months you want to save for.

In 2011, America Saves Savers top goals included:

  1. Emergency Fund
  2. Education
  3. Debt Repayment
  4. Retirement
  5. Investment Savings
  6. Motor Vehicle

So what are you waiting for? Choose your goal and make your savings plan today by becoming an America Saves saver.

Take our Facebook poll to let us know your saving goal.

The Importance of Building a Nest Egg

Written by Super User · 14 March 2012

March 14, 2012

By George Tanaka
Senior Vice President, Retail Specialized Markets Division
Union Bank, N.A.

Tanaka

Whether they would like to set money aside for a down payment on a home, build an emergency fund or save for retirement, many of our clients are interested in ways to save and create a nest egg for the future.

Financial advisors agree that saving should be a part of every household budget.  Unfortunately, many Americans aren’t prepared for financial emergencies and are not saving enough for retirement.  Like most skills, saving money gets easier with commitment and practice.  Just as an artist hones his skill to master an art, consumers can develop their skills and creativity to master the art of saving.

By identifying your savings goals, creating a plan and reviewing it periodically to determine if any modifications are needed, you can start on the road to savings. Consider these tips:

  • Assess your spending. When creating a savings plan, it is important tomake sure you are spending less than you earn. Start by looking at exactly how you spend your money; carefully track your spending for one or more months to see precisely where your money is going. Many people are surprised to see how, for example, the cost of a daily cup of coffee adds up, or the budget effects of regularly dining out.  Once you have a handle on how you are actually spending, it may be easier to identify specific areas where you can cut back.
  • Open a savings account. Establishing a savings account and contributing to it regularly will help promote savings. Almost all financial institutions allow account holders to set up automatic weekly or monthly funds transfers from their checking to their savings account. This method of saving allows savings to grow, even if you don’t take further action, and helps you approach savings as a “bill” that must be regularly paid.

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 Katie Bryan | November 18, 2013

    Save for #presents rather than relying on #credit http://ow.ly/pV4nN

Saver Stories View all »

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.

Read more...

Taking Steps Toward Financial Fitness

Written by Tammy G. Bruzon | November 7, 2014

Nicky Vasquez learned about Virginia Saves when she attended her first class with Bank On Virginia Beach. The instructor shared how important it was to have a written savings goal, and the entire class joined Virginia Saves as the first step toward financial fitness.

Read more...

Starting Over

Written by Katie Bryan | October 28, 2013

Until last summer, Michael Lindman spent money freely. “I was a union truck driver for 35 years and had a good income,” said Lindman. “I owned my own home, saved a little, and tried to live within my own budget. You always think there’s going to be that much coming in, but things can change in a split second.”

Read more...

Receive Updates

Sign up for Texts

Written by Tammy G. Bruzon | July 15, 2014

Sign Up

Sign up for Emails

Written by Super User | September 16, 2013

Get Emails

Take the Pledge

Written by Super User | September 16, 2013

Start Saving