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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

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Tip of the Day

  • Written by Administrator2 | January 7, 2014

    Second saving strategy: Save for emergencies http://ow.ly/sj3vP

Saver Stories View all »

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...

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...

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!

Read more...

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