Tips, advice, and the latest news from the savings world.
The following saver story comes from the American Saver Summer 2011 edition:
In 2004, Tonya Shelton was facing financial ruin. Barely making more than minimum wage and having lost her home to an unexpected family crisis, Shelton and her family were forced to live in a rundown hotel. Their future seemed bleak. However, armed with a burning desire to make life better for her family, help from Purdue Extension’s Making Your Money Work financial literacy program, the assistance of a Iocal America Saves campaign Indy Saves, and a savings plan, she began her journey to becoming a good steward over the money she did have.
With the help of Indy Saves, Shelton set a goal – to save $10 a week towards an emergency fund. It was money she felt she did not have at the time, but Indy Saves and Making Your Money Work helped her to commit to a budget in order to start saving. She sealed the deal by enrolling in a direct deposit program. “Having a savings account helped me to understand the value of having a banking relationship,” said Shelton.
I often hear that the hardest part about saving is getting started. That’s why we are going to post ways to Kick Start Your Savings each week on the America Saves Blog. Anyone can take action and start to save today.
The following resources will help you take positive steps towards saving more now:
Inspiration from the Experts
9 ways to save on back to school – From MSN Money
- Take inventory
- Get the school's list
- Go through the ads
- Check prices online
- Buy in bulk and bundles
- Take advantage of tax holidays
- Look off the beaten path
- Make the kids work for extras
- Shop throughout the year
Got Debt? It’s Time for a Reality Check – From AARP.org
- Challenge yourself to start paying off your bills now and work towards being debt-free.