Tips, advice, and the latest news from the savings world.
October 7, 2011
Guest post for Mainstream Mom
Last week, America Saves, along with the Department of Labor, held a webinar for those new to the work force. The webinar stressed that the best way to save for first time earners is through your employer. But whether you are new to the work force or not, you may be missing a valuable, easy, and automatic way to save.
Did you know?
- Over one-third of all eligible employees do not participate —at all— in their company’s retirement savings plan.
- More than 90% of those who do participate fail to take full advantage of the legal maximum contribution limits.
Participate in a Work Retirement Plan
Many workplaces offer retirement plans to employees. This is a simple way to save because money automatically gets transferred to your retirement account before you get paid. Decide how much you want to contribute each month and your work is done.
October 6, 2011
By Katie Bryan, America Saves Communications Manager
A trend has emerged where more people are moving to the cities. Everyone from young professionals looking for job opportunities to empty nesters looks to downsize their space. In fact over half of the world lives in a city. I know personally that in Washington, DC that means more expensive living costs. One great way that I and others are saving money is by ditching the car and relying on walking, biking, and public transportation.
Google maps shows that it should take about 30 minutes to walk two miles. If you’re fortunate enough to be that close to work, walking is a great option. Walking improves your health, trims your waistline, and can even improve your mood. It’s something everyone knows how to do and it’s free! It can also help you take less sick days and may even save you money on medicines by preventing illness.