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

Summertime is Earning Time for Students! Make the most of it!

Written by Super User · 18 June 2011

28. June 2011

By Tracy Frizzell

Whether it is a few dollars earned at a lemonade stand, babysitting or a first job, summer is generally the time of year when youth have the most time and opportunity to earn money. While working and earning is an important experience for youth on its own, the habits that youth develop when they obtain their first pay (no matter how small) can often stick with them for years to come. Think back to your own teen years, how many of your friends frittered away their earnings on items like entertainment, clothing and electronics?

What's stopping you from saving?

Written by Super User · 16 May 2011

By: America Saves
July 30th, 2010

With 2010 half over, you may find yourself nowhere closer to your financial goals than you were on January 1st. Yet, year after year, saving money and getting out of debt remain one of the most popular resolutions. The question remains – what’s stopping you? Take action today and work towards your financial goal by “starting small and thinking big.”

Start Small: What’s the secret to saving? Spending less than you earn is the key to saving money and avoiding debt. By making small and manageable changes to your lifestyle, you can further decrease your expenses. Tackle a few spending ‘vices’ at a time rather than radically altering your lifestyle. Some easy ways to save:

  • Rethink the “essentials.”  The latest-and-greatest cell phone, video game, or computers are nice to have, but by no means necessities. Buy what you need, not what you want.
  • Turn saving into a game – roll your spare change, mail in rebates, sell unwanted items – do whatever you can to get closer to your savings goal!
  • Save automatically. Have a portion of your paycheck (as little as $25) transferred automatically to your savings. Chances are you’ll never even notice the difference.

Think Big: Individuals with a savings plan are 50% more successful than those who don’t. Take the opportunity to join America Saves and create your own simple savings plan for free. America Saves members also have access to the “My Savings Tracker” which can help you track progress towards your savings goal. Need help figuring out what to save for?

  • Create a $500 or more emergency fund to meet unexpected expenses.
  • Save for Holiday presents rather than relying on credit.
  • Pay off credit cards and other high-interest debt.

This post is part of the America Saves Kick Start Your Savings Summer. Each week we'll focus on saving for a particular savings goal or how to save on everyday expenditures.To kick start your own savings click here.

How to Teach Your Child About Why We Save

Written by Super User · 13 May 2011

13. May 2011

Why do we save? Explain to your children that we save in order to get things that we will want in the future, but also to get things that we will need in the future. It’s hard to think about the future when you’re young because to most children their idea of “the future” is next week, tomorrow, or even five minutes from now. So, does a three year-old understand the concept of long-term saving? Absolutely, positively not. Or does a ten year-old understand the concept of saving? Absolutely, positively not. As a result, most adults in America don’t understand the concept of saving either. We have a very low success rate of saving in this country.

Rethinking Savings as a College Student

Written by Super User · 25 April 2011

25. April 2011

Saving money and attending college are two activities that are typically NOT thought of together. In fact, many college students might tell you that they don’t have enough money to buy a pizza on a Friday night, let alone to add to a savings account. But what if we rethink the traditional notion of “savings” to make it a goal that is a bit more realistic for this cash-strapped chapter of life?

Overcoming Barriers to Saving

Written by Super User · 06 April 2011

6. April 2011

People know that having an emergency fund and money set aside to purchase larger items is important. Even so, turning that knowledge into action can be a challenge when daily choices consume both attention and funds. That's why at the end of each month, you can end up without enough left over to save. Savers are a maverick breed. They maintain better credit scores, pay bills on time, don't pay for costly bank fees and have less stress than their spender counterparts. This article will highlight how to shift away from being a victim of savings barriers and toward bringing life to a savings plan.

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Tip of the Day

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

    A #taxrefund can provide an opportunity to improve your financial situation: http://bit.ly/2hZ6s8A @AmericaSaves

Saver Stories View all »

Transforming “I Can’t Save” to “I Will Save”

Written by Guest Blogger | January 13, 2016

You will not believe what it took to completely change my life. About three years ago, the HR Administrator of the corporation where I worked (as a temp with no benefits) forwarded an email to me. Fifteen seconds. One small act of kindness. That's it - that's all it took!

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Inspired to Build Savings By Starting Small

Written by Great Lakes Michigan Saves | April 19, 2016

With little-to-no money in the bank and living on a limited income with her adult daughter, Sharon wasn’t sure if building up savings for her future was even possible. “At my age, to put debts behind me would be a relief,” she said, but she wasn’t quite sure how to even get started with a savings plan. That all changed when Sharon attended the Great Lakes Michigan Saves Pay Yourself First Saver’s Summit during America Saves Week.

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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.”

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