America Saves Blog

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

Saving Money at Work

Written by Super User · 07 October 2011

October 7, 2011

Guest post for Mainstream Mom

Last week, America Saves, along with the Department of Labor, held a webinar for those new to the work force. The webinar stressed that the best way to save for first time earners is through your employer. But whether you are new to the work force or not, you may be missing a valuable, easy, and automatic way to save.

Did you know?

  • Over one-third of all eligible employees do not participate —at all— in their company’s retirement savings plan.
  • More than 90% of those who do participate fail to take full advantage of the legal maximum contribution limits.

Participate in a Work Retirement Plan

Many workplaces offer retirement plans to employees. This is a simple way to save because money automatically gets transferred to your retirement account before you get paid. Decide how much you want to contribute each month and your work is done.

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Ditch the Car to Save Money and Improve Your Health

Written by Super User · 06 October 2011

October 6, 2011

By Katie Bryan, America Saves Communications Manager

BikeA trend has emerged where more people are moving to the cities. Everyone from young professionals looking for job opportunities to empty nesters looks to downsize their space. In fact over half of the world lives in a city. I know personally that in Washington, DC that means more expensive living costs. One great way that I and others are saving money is by ditching the car and relying on walking, biking, and public transportation.

Walking

Google maps shows that it should take about 30 minutes to walk two miles. If you’re fortunate enough to be that close to work, walking is a great option. Walking improves your health, trims your waistline, and can even improve your mood. It’s something everyone knows how to do and it’s free! It can also help you take less sick days and may even save you money on medicines by preventing illness.

iPhone Leads to Saving Success

Written by Super User · 29 September 2011

September 29, 2011

By Charlie Tiseo, Money Smart Kid Chicago 2011

CharlieBeing a twelve-year-old kid I don’t really have the opportunity to get a job, but for me there are some ways to earn money such as allowance or gifts. I make a habit of only spending some of this money, not all of it. The more money I put into my savings account or piggy bank the faster I will reach my savings goal of, let’s say, buying a phone - and that’s how the story starts.

A couple of years ago I was doing lots and lots of chores to save up for an iPhone. At the time, an iPhone cost $100 and I only had $35. After about two months, I had made $80. It was getting close to my birthday and all I needed was a bit of extra cash. That bit of cash was enough to get my phone, and I was super excited. I couldn’t sit down on the way home, not only because I had an iPhone but also because I worked hard to get it.

Making Extra Money

Written by Super User · 28 September 2011

By Katie Bryan, America Saves Communications Manager

Garage SaleWhen it comes to saving money, you have two options – cut expenses or increase your dispensable income. For most Americans, our largest expenses such as housing and transportation are fixed and cannot easily be reduced. So what do you do when you’ve cut all the expenses you can?

Get rid of things you no longer need:

  • Take a look in your closets, attic, or storage space. Chances are you’ve accumulated some items you no longer need. Sell unwanted items like DVDs, video games, or comic books to specialty stores which generally give you a better deal.
  • For collector’s items or items of higher value, list online through auction websites.
  • Hold a garage or yard sale to get rid of your remaining items or things of lower value. If you don’t have much to sell, consider hosting a joint or neighborhood sale to increase traffic.

Saving for College: 529 Accounts

Written by Guest Blogger · 26 September 2011

By Sean Naron, Consumer Federation of America Advocacy Associate

collegeRecently, America Saves reached out via Facebook and Twitter to find out some common questions people had about saving more successfully. With schools finally back in session and the official start of fall right around the corner, many concerned parents have asked about college savings plans, specifically, the benefits of what is commonly known as a 529 savings plan.

What is a 529 plan?

Originally designed to be the collegiate equivalent of a 401(k), a 529 qualified tuition program (QTP) is a state administered tax-advantaged investment plan designed to allow families to prepare for the cost of college over a period of time.

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Tip of the Day

  • Written by Katie Bryan | November 29, 2013

    Transferring money from checking to savings is the fastest way to #save $500 to $1,000 http://ow.ly/PZR8h 

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.

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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.

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Saving Early: Key to Successful Future

Written by Katie Bryan | October 28, 2013

For Johnnie Lovett, a Young Illinois Saver, saving has been a habit since he was a teenager. “As a teenager, I was responsible for buying certain things with my allowance,”

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