Tips, advice, and the latest news from the savings world.
February 8, 2012
By Brian Page, Ohio’s recipient of the 2011 Milken National Educator Award.
"Buy Now"; "Everything Must Go"; "Same as Cash"; "0% Interest for 60 months"; "6 Easy Installments"; “Diamonds are Forever”; "But Susie has a pair!" Sound familiar? If it is a holiday or tax rebate season, you are probably hearing this quite a bit.
A multitude of obstacles stand in the way of responsible spending choices. Consumers are faced with an innate desire to want more than they can afford because they want it now. Companies spend hundreds of billions of dollars researching and implementing sales techniques that get their products and services into consumers’ hands. If that isn’t enough, scientists have found that decision fatigue sets in as the day progresses and choices are presented.
Here are three suggestions to help guide your spending choices:
Don’t let anyone else tell you what you can afford and why you like it
Spend your money consistent with your own values and goals. In other words, do not try to ‘Keep up with the Jones’”. Advertisers, salespeople, and even society have a knack for making you feel like you have to have something, and it is okay to use credit to pay for it later. Sales and product improvements are the luxuries of a free market that will always be there. You do not have to take advantage of them every time they present themselves. Make choices that are line with your own spending priorities, goals, and budget.
February 7, 2012
By Katie Bryan, America Saves communications manager
Most Americans today are not saving adequately for retirement, and most lower-income households do not have adequate emergency savings for unexpected expenditures. To help encourage people to save, America Saves, along with the America Savings Education Council, created America Saves Week. Started in 2007, around 2,000 organizations participate and millions of people are encouraged to better their finances.
This year, America Saves Week is encouraging everyone to ‘Set a Goal, Make a Plan, Save Automatically.’ America Saves provides helpful tips for successful saving, because not everything is always easy done alone. Take a look at our 5 strategies for saving and see how they can help you.
This year, America Saves Week is February 19-26 and when you join America Saves you will receive:
- Free subscriptions to our quarterly American Saver Newsletter
- Free monthly email newsletters with savings advice
- 100 bonus credits with SaveUp
- Free access to our members-only Savers Tracking Tool to help you reach your goals