Tips, advice, and the latest news from the savings world.
January 17, 2012
By Kristina Wedseltoft, America Saves Intern
It’s a rainy day here at America Saves and I’m sure everyone has heard the expression “Save it for a rainy day”. Well have you been saving for a rainy day? Not many people put saving as a priority, but saving and contributing to an emergency fund are very important. To help you kick start your savings here are 5 money saving tips that can help you save for the next rainy day.
1. Cut down on phone extras
- Get back to basics and cancel services such as call waiting and caller ID.
- Drop your long distance services. Try Google voice or Skype with free domestic calls within the US and low rates for other countries.
- Reevaluate your calling plan and make changes to suit your needs.
2. Stretch your clothing budget
- Make sure you buy clothes that are versatile and easy to mix and match.
- Minimize dry cleaning by investing in machine wash materials and saving dry-cleaning for special occasions.
- Sell your unworn clothes at consignment stores or buy back retailers. For a few ideas of a store close to you click here.
January 13, 2011
Saving is hard, we know. But we also know that there’s a way to make it easier. Tax time is an exciting opportunity for all tax filers to save a portion of their refunds in a competitive, safe, and trusted product: a Series I U.S. Savings Bond.
How do Tax Time Bonds make saving easier?
- You don’t need a bank account.
- You only need $50 to get started. Choose to save as little as $50 of your tax refund with a bond.
- U.S. Series I Savings Bonds are a competitive saving product. The current interest rate is 1.76.
- Tax Time Bonds are marked for inflation, which means you never get back less than you put in.
- Tax time makes it simple. Just choose the amount you want to save and you’ll receive your bonds in the mail.
- You earn interest right away. Your money starts growing immediately.
- Bonds are safe. U.S. Series I Savings Bonds will never lose value and are backed by the U.S. Government.
- Bonds have no fees. There are no fees to buy or cash in your bond.
- Gift savings to your loved ones. Bonds can be purchased in someone else’s name – so you can help jumpstart the savings and dreams of the people you care about.
Learn more about Tax Time Savings Bonds, Form 8888, and how they can help prepare you for the future at www.bondsmakeiteasy.org or by texting DREAMS to 41411 (text FACIL to 41411 for Spanish).