America Saves Blog
Tips, advice, and the latest news from the savings world.
A lot of energy-saving tips annoy me. When I hear that CFL's save $35 over the life of the bulb it doesn't make me want to do a dance. They say that a CFL bulb lasts 10 years, so we are only talking about $3.50 per year! Whoop-de-do-da. Not exactly something that makes me run out and stock up on expensive light bulbs. But there certainly are things you can do to make a significant impact on your electric bill.
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.
It can be hard to put aside money for savings. But there is an easy way to save money without ever missing it. Make your savings automatic. You can start small and save $20 a week or month or you can try and save more.
How to save automatically
- Many employers allow you to divide your paycheck into different accounts. Take advantage by putting part of your pay into a savings account.
- If you get paid in cash, take a small amount to the bank to deposit into a savings account. Many banks make this easy by allowing you to deposit cash directly at an ATM. Tip: do this the day you get paid. That way you will be less tempted to spend the money.
By Nichole L. Huff, M.S., CFLE, University of Kentucky
If your July was anything like mine, it was H-O-T! With record-breaking temperatures and near-daily heat advisories, finding inexpensive, indoor ways to entertain your kids during the summer months can prove challenging. As a mom of two little ones (four and two), I’ve tried to find economical and fun ways to keep my kids busy on those days when it’s just too hot to go outside.
With most schools out on summer break, it’s important to regularly provide your children with time to draw, color, paint, and create. Give a child a crayon and the possibilities are endless! August is a good time to buy art supplies because many discount retailers are running back-to-school specials. Take advantage of the sales by stocking your home with many simple craft supplies that cost as little as $.25 to $1.00 each! The basics? Crayons, markers, colored pencils, a watercolor paint set, finger paint (look for poster paint, which is usually a few dollars cheaper), safety scissors, glue sticks/school glue, construction paper, a coloring book, and drawing paper. For under $10, you can create an art kit that will keep your kids so entertained they’ll forget they are inside!
To supplement your store-bought supplies, look for items around the house to reuse and repurpose. Save empty toilet paper and paper towel rolls, magazines, empty milk cartons, and soda bottles. Find an old box to house your new art supplies, and let your kids’ first craft be to decorate it! Collect old buttons, ribbons, and fabric. Rinse and save your Popsicle sticks. Got extra cotton balls in the bathroom? Glue them to a piece of construction paper to make clouds (or better yet, let your kids make a winter snow scene on a hot summer day!).