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

Some Savings Tips and Our Boston Forum for Women

Written by Super User · 22 February 2012

February 22, 2012

By Phyllis C. Borzi, Assistant Secretary of Labor for the Employee Benefits Security Administration.

In life, there are some simple bits of wisdom that become so familiar many of us risk overlooking them. When it comes to savings, “Set a goal, and then make a plan and stick to it,” is certainly one of them.”  I imagine you heard something very similar in early childhood – from a prudent grandparent, perhaps – the moment you earned your first dollar for a day’s chores. In an economy that’s beginning to show encouraging signs of revival, Americans have an opportunity to save more aggressively and so it’s vital that we recall those bits of wisdom about savings again.

As the head of the Employee Benefits Security Administration at the U.S. Department of Labor, I’m responsible for assisting the millions of Americans who are provided retirement benefits (such as 401(k) plans) through their private sector employer. As part of America Saves Week, we are hosting a public forum this weekend in Boston with the Center for Retirement Research at BostonCollege.  The forum, “Women and Retirement: What Every Woman Should Know Before It’s Too Late,” is a chance for us to help women understand what they can do now to adequately save for retirement.

While all people are welcome at the forum, we’re focusing on women since statistics show that women heading into retirement are at a distinct savings disadvantage when compared with men.  For instance, women are more likely to work in part-time jobs that don't qualify for a retirement plan, and they’re also more likely to interrupt their careers to take care of family members therefore working fewer years and contributing less toward retirement.  Also, they tend to live longer than men creating a greater need for their retirement assets to last longer.  This forum is an opportunity for women to hear from some of the experts in the field of retirement planning about some of the most important savings decisions they face.

Celebrate America Saves Week Tonight at Our Twitter Party

Written by Super User · 21 February 2012

February 21, 2012

By Katie Bryan, America Saves communications manager

Join @AmericaSaves, Philip Taylor of @PTMoney and @SallieMae for a Twitter party tonight full of tips for saving money in honor of America Saves Week 2012. This is a great opportunity to share your financial goals and receive advice from experts and other American Savers.

We are so proud of the community of people that have joined together to make saving a priority and look forward to tweeting with everyone tonight.

Need another reason to join the party tonight? Prizes will be given out including a $500 Apple gift card. (YAY!)

Date: Tuesday, February 21, 2012

Time: 8-9pm EST

Hashtag: #SallieMaeSaves

Follow: @AmericaSaves, @ptmoney & @SallieMae

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Tip of the Day

  • Written by Katie Bryan | November 25, 2013

    Tip to #save when shopping: You can #save more than 10% by comparing prices at different stores.

Saver Stories View all »

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.

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Another Dream Realized

Written by Tammy G. Bruzon | November 7, 2014

Mary Brown was already a disciplined individual when she came to Wisconsin Saves coordinator Wisconsin Women’s Business Initiative Corporation (WWBIC) in last summer. She had successfully completed her bachelor’s degree with the assistance of her husband and son, and was now ready to tackle her next big dream – homeownership.

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Challenging Herself to Save

Written by Sara Cooper | April 15, 2014

It all started when Marchale Burton overheard Alabama cooperative extension colleague Isaac Chappelle, coordinator of Alabama Saves, explaining how saving just a little bit – even change – is all it takes to become a saver. “I thought about that,” Burton said, “and wanted to see if it would work.” So, she challenged herself to see how much change she could save.

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