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

True Story: Save Automatically. Win Rewards!

Written by Super User · 25 April 2012

April 25, 2012

By Jean Park, SaveUp director of marketing

Back in January, America Saves teamed up with SaveUp, an innovative free rewards program where American Savers can get rewarded for saving money and paying down debt.Together, we hosted a $1000 Savings Prize to motivate Americans keep their New Year’s resolution to save more money. This prize was awarded to Laura Nyberg of Amalga, Utah. Laura works at a government agency that helps low-income families improve their financial asset building by setting goals, creating budgets, and building savings---which is how she came to learn about America Saves.

Although Laura was already pretty money-savvy when it came to her personal finances, America Saves has also helped her plan for the future of her own family, particularly in terms of retirement for Laura and her husband, and their children’s education. This year’s theme for America Saves Week, “Set a goal. Make a plan. Save automatically” especially helped motivate her to save:

 

I had all these intentions to start savings accounts for my kids, but we always had new expenses--something’s always breaking down. I was reading through a lot of the America Saves newsletters and they really encouraged me. Now, as soon as I get paid, money automatically goes into a savings account for my kids and an account for me.

-Laura

 

Successful Savings and Your Credit History

Written by Super User · 24 April 2012

April 24, 2012

By Katie Bryan, America Saves communications manager

April is Financial Literacy month and we want to make sure you understand the importance of your credit history and how this ties into successful saving. It is important for all Americans to have savings. Having a savings account allows you to pay for emergencies, gives you financial freedom, and can help you avoid credit problems that could hurt credit scores.

Having a strong credit history, reflected in good credit scores, allows you to qualify for lower interest rates and fees. This helps you to free up additional money to set aside for emergencies, retirement, and other smaller unexpected expenses.

The connection between successful savings and good credit plays an important role in your financial life. Not only is it essential for obvious things like qualifying for a loan or getting a credit card, but also for less obvious things like getting cellular telephone service, renting a car, and perhaps even getting a job.

Want to learn more about the importance of credit history and successful savings?

Download the Importance of Credit History and Successful Savings packet, which includes information on:

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Tip of the Day

  • Written by Administrator2 | January 15, 2014

    Are you looking for an effective way to establish a budget? Beginning on the first day of a new month, get a receipt for everything you purchase. Stack and review receipts at the end of the month, and you will clearly be able to see where your money is going. http://ow.ly/sj972

Saver Stories View all »

Starting and Continuing a Personal Finance Journey

Written by Sara Cooper | December 23, 2013

When Kiara Hardin, now a junior at Western Illinois University, became an intern with the Chicago Summer Business Institute during her sophomore year of high school, she began her personal finance journey. The program required participants to open a savings account.

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Learning to Save

Written by Katie Bryan | October 28, 2013

Kisha Barns’s financial situation was undisciplined, unrestricted, and impulsive before she came into contact with her local America Saves campaign, Charlotte Saves.

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Jump-Starting a Financial Makeover

Written by Katie Bryan | October 28, 2013

Nichelle Johnson, a single mom with two teenage children, knows what it’s like to stretch a dollar. When she moved back to Virginia Beach in 2008, she provided for her family with just a part-time library position.

Read more...

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