America Saves Blog

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

Final Chance to Win $1,000 Towards a Savings Account

Written by Super User · 31 January 2012

January 31, 2012

By This email address is being protected from spambots. You need JavaScript enabled to view it., America Saves Communications Manager

Today is your last change to enter to win $1,000 towards your savings account.

The winner will be chosen on January 31, 2012. Once you join SaveUp, look for the prize ticket called "Savings Prize." Most prize drawings and instant win games on SaveUp are odds-based, but the $1,000 savings prize will have a guaranteed winner.

Once you join America Saves, we will send you a welcome email with the link.

Already part of America Saves and want the link? This email address is being protected from spambots. You need JavaScript enabled to view it. with your full name and we will send you the special link.

Learn More About SaveUp

Have questions about what SaveUp is or how it works? Visit this SaveUp FAQ page.

Seven Savings Tips for Young Adults

Written by Guest Blogger · 26 January 2012

by Eric Bell, Editor-in-Chief, YoBucko

Saving money can be tough when you're just starting out in the real world. To help you understand how to save more money in your twenties, here are seven simple savings tips to help you save more money:

    1. Budget to Save

Creating a budget is one of the first steps to save money. A budget is like your roadmap to financial success. It shows you where you are today, and helps you track your spending each month. Think of a budget as your monthly spending scorecard. Once you've created your budget, look at your spending to see where you can start trimming the fat.

    1. Automate your Savings

Paying yourself first is tough if you have to cut a check every time you want to save a few bucks. Fortunately, there is a simple way to save that you can access if you have a bank account: direct deposit. Direct deposit allows you to automate your savings plan by sending money straight to your savings account. Talk to your employer or your bank to find out how you can set up direct deposit. Before you know it, you'll be building a nest egg and well on your way to financial independence.

    1. Save for Emergencies

When you are just starting out, building an emergency fund should be a top priority. Experts recommend saving 3x your monthly expenses if your single, and 6x your monthly expenses if you are married or have kids. Bad things happen, even to good people. By building an emergency fund, you'll be prepared to make it through the tough times and have a some extra money set aside for a rainy day.

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:

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Administrator2 | January 6, 2014

    First saving strategy: Pay off high-cost debt http://ow.ly/sj3vP

Saver Stories View all »

Learning to Save

Written by Katie Bryan | October 28, 2013

Kisha Barns’s financial situation was undisciplined, unrestricted, and impulsive before she came into contact with her local America Saves campaign, Charlotte Saves.

Read more...

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...

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...

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