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

Summertime is Earning Time for Students! Make the most of it!

Written by Super User · 18 June 2011

28. June 2011

By Tracy Frizzell

Whether it is a few dollars earned at a lemonade stand, babysitting or a first job, summer is generally the time of year when youth have the most time and opportunity to earn money. While working and earning is an important experience for youth on its own, the habits that youth develop when they obtain their first pay (no matter how small) can often stick with them for years to come. Think back to your own teen years, how many of your friends frittered away their earnings on items like entertainment, clothing and electronics?

What's stopping you from saving?

Written by Super User · 16 May 2011

By: America Saves
July 30th, 2010

With 2010 half over, you may find yourself nowhere closer to your financial goals than you were on January 1st. Yet, year after year, saving money and getting out of debt remain one of the most popular resolutions. The question remains – what’s stopping you? Take action today and work towards your financial goal by “starting small and thinking big.”

Start Small: What’s the secret to saving? Spending less than you earn is the key to saving money and avoiding debt. By making small and manageable changes to your lifestyle, you can further decrease your expenses. Tackle a few spending ‘vices’ at a time rather than radically altering your lifestyle. Some easy ways to save:

  • Rethink the “essentials.”  The latest-and-greatest cell phone, video game, or computers are nice to have, but by no means necessities. Buy what you need, not what you want.
  • Turn saving into a game – roll your spare change, mail in rebates, sell unwanted items – do whatever you can to get closer to your savings goal!
  • Save automatically. Have a portion of your paycheck (as little as $25) transferred automatically to your savings. Chances are you’ll never even notice the difference.

Think Big: Individuals with a savings plan are 50% more successful than those who don’t. Take the opportunity to join America Saves and create your own simple savings plan for free. America Saves members also have access to the “My Savings Tracker” which can help you track progress towards your savings goal. Need help figuring out what to save for?

  • Create a $500 or more emergency fund to meet unexpected expenses.
  • Save for Holiday presents rather than relying on credit.
  • Pay off credit cards and other high-interest debt.

This post is part of the America Saves Kick Start Your Savings Summer. Each week we'll focus on saving for a particular savings goal or how to save on everyday expenditures.To kick start your own savings click here.

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Tip of the Day

  • Written by Tammy G. Bruzon | January 16, 2017

    .@MyFreeTaxes = free tax prep + filing help for qualified ppl w/combined income of $62k or less >> http://bit.ly/2hZ1d9c v/ @AmericaSaves

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.

Read more...

Starting Over

Written by Katie Bryan | October 28, 2013

Until last summer, Michael Lindman spent money freely. “I was a union truck driver for 35 years and had a good income,” said Lindman. “I owned my own home, saved a little, and tried to live within my own budget. You always think there’s going to be that much coming in, but things can change in a split second.”

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Developing a Savings "Game Plan"

Written by Katie Bryan | October 28, 2013

Eunice Diaz, a teacher in Colorado Springs, had been noticing a pattern. Despite the fact that she and her husband were “making good money,” they were spending their entire earnings and “were still struggling at the end of the month.”

Read more...

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