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

FDIC Hosts Webinar About America Saves Week 2012

Written by Super User · 25 January 2012

January 25, 2011

 

 

 

Date: February 1, 2012 
Time: 2:00-3:00 p.m. (EST)

The purpose of this webinar is to:

  • Provide an overview of America Saves Week;
  • Explain the potential benefits to participating in America Saves Week;
  • Highlight a Resource Kit your organization can consider to use to promote savings during the Week.

Registration
To register online for this event, please go to: 
https://fdicsurvey.inquisiteasp.com/fdic/surveys/VWQDJ9/

Please register by Thursday, January 26, 2012.

Webinar information will be distributed on January 31, 2012.

For Additional Information
Please contact Nicola Kelly at This email address is being protected from spambots. You need JavaScript enabled to view it. or (703) 254-0782.

National Financial Capability Challenge

Written by Super User · 23 January 2012

January 23, 2012

The following come from the U.S. Department of the Treasury and the U.S. Department of Education. It includes great information for educators about the National Financial Capability Challenge.

We all make financial decisions everyday. For most of us, though, no one taught us the best way.  Students today face a fast paced, dynamic economy and need a good financial education to succeed. That’s why we are excited to announce the National Financial Capability Challenge sponsored by the U.S. Department of the Treasury and the U.S. Department of Education that runs from March 12 through April 13, 2012. The Challenge is a free, online series of financial questions for high school students to test their knowledge of earning, spending, saving, borrowing, risk protection, and more.

You can sign up now to join the growing number of educators engaging their students in this challenge. Registration is easy and free at challenge.treas.gov. As educators, it is critically important to use this opportunity to help prepare our students for financial independence!

Sticking to Resolutions

Written by Katie Bryan · 19 January 2012

 

New York Times writer John Tierney recently wrote about one man's resolve to lose weight and how he did it. It is an interesting look into how we need to use our willpower, which the article tells us is a real thing. Even though the article focuses on how to keep your resolution to lose weight, we can take the strategies presented and apply them saving money.

The article points out that you are already ahead of the game by just having a resolution. If you can continue working on your resolution past January you have an even better chance of success. Luckily, last week we presented our readers with a simple resolution. It’s a one-time change that you don’t have to work on month after month – increase your retirement savings by 1%.

But, you may have larger long-term goal like paying down debt, building an emergency fund, or saving for a home. The New York Times article offers the following basic strategies to help:

Tips for a Rainy Day

Written by Super User · 17 January 2012

January 17, 2012

By Kristina Wedseltoft, America Saves Intern

 

rainy

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.

Tax Time Savings Tips

Written by Super User · 13 January 2012

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?

  1. You don’t need a bank account.
  2. You only need $50 to get started. Choose to save as little as $50 of your tax refund with a bond.
  3. U.S. Series I Savings Bonds are a competitive saving product. The current interest rate is 1.76.
  4. Tax Time Bonds are marked for inflation, which means you never get back less than you put in.
  5. Tax time makes it simple. Just choose the amount you want to save and you’ll receive your bonds in the mail.
  6. You earn interest right away. Your money starts growing immediately.
  7. Bonds are safe. U.S. Series I Savings Bonds will never lose value and are backed by the U.S. Government.
  8. Bonds have no fees. There are no fees to buy or cash in your bond.
  9. 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).

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Tip of the Day

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

    Let @AmericaSaves help you stay committed to your tax time #savings goal! Take the pledge today: http://bit.ly/2hbdQ46

Saver Stories View all »

Challenging Herself to Save

Written by Sara Cooper | April 15, 2014

It all started when Marchale Burton overheard Alabama cooperative extension colleague Isaac Chappelle, coordinator of Alabama Saves, explaining how saving just a little bit – even change – is all it takes to become a saver. “I thought about that,” Burton said, “and wanted to see if it would work.” So, she challenged herself to see how much change she could save.

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.”

Read more...

Jump-Starting a Financial Makeover

Written by Katie Bryan | October 28, 2013

Nichelle Johnson, a single mom with two teenage children, knows what it’s like to stretch a dollar. When she moved back to Virginia Beach in 2008, she provided for her family with just a part-time library position.

Read more...

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