America Saves Blog

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

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).

Resolution: Increase Your Retirement Savings by 1%

Written by Super User · 11 January 2012

January 11, 2011

By Katie Bryan, America Saves Communications Manager

Here’s an easy resolution to help you save more in 2012.

Increase the amount you save towards retirement by 1%.

Saving 5%? Bump it up to 6%. Saving nothing? Start small by putting 1% away. If you are already saving for retirement through your work, upping your retirement contribution is easy. Just visit your HR department and let them know you want to increase your retirement contribution.  Want more information about saving at work? Check out this PowerPoint. Even if your employer doesn’t offer a retirement plan, you can still save for retirement, and get some tax benefits in the process, by putting money in an Individual Retirement Account (IRA).

Why 1% is a Great Number

  • You probably won't notice a 1% smaller paycheck.
  • You'd be surprised the difference a 1% increase can make in the long run. For example, a 30-year-old who saves 6 percent of a $50,000 salary, or $3,000 a year, will have nearly $840,000 banked by the time she has to start taking funds from her 401(k) at age 70½. (This assumes an 8 percent annual growth rate.) If she boosted her yearly contribution by just $500 she'd have nearly $980,000. That's a difference of nearly $140,000.

Want to run your own numbers to see how much a 1% difference would make for you? Visit the Ballpark Estimator.

Have we inspired you to increase your retirement savings by 1%? Let us know on our Facebook page.

FDIC and Opportunity Texas Host Webinar: Texas Saves and Texas Saves Week 2012

Written by Super User · 10 January 2012

January 10, 2012

FDIC and Opportunity Texas Host Webinar about Texas Saves and Texas Saves Week 2012
Date: January 18, 2012
Time: 1:30-2:30pm CST

The goals of this webinar hosted by Opportunity Texas and the FDIC are to:

  • Provide an overview of Texas Saves;
  • Walk through how your organization can help individuals sign-up for Texas Saves;
  • Outline ways your organization can get involved in Texas/America Saves Week from February 19-26, 2012; and
  • Highlight a few resources your organization can use to promote tax-time savings.

Additionally, the Houston Saves coordinator will talk about Houston Saves and their event for Houston Saves Week and the Texas AgriLife Extension Service will talk about their Texas Saves activities.

Texas Saves, part of the broader America Saves platform, is a campaign to promote and increase savings for Texas families and children.

Registration
To register for this event, please use this on-line registration form: https://fdicsurvey.inquisiteasp.com/fdic/surveys/QV5PC5/

Registration is open though Thursday January 12, 2012.

Webinar information will be distributed on January 13, 2012.

For More Information
Please call or write Gina Vincent at 972-761-2504 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Chance to Win $1,000 Towards a Savings Account

Written by Super User · 04 January 2012

January 4, 2012

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

Financial New Year’s Resolutions are hard to keep. That’s why America Saves, a national initiative that encourages individuals and families to save money and build personal wealth, has partnered with SaveUp, the nation’s first free rewards program for saving money and reducing debt, to offer $1,000 towards a savings account to help jump‐start one saver’s 2012 savings goals. The winner will be chosen on January 31, 2012.

How to Enter

To be eligible for a chance to win the $1,000 savings prize, or any of SaveUp’s other exciting rewards, new and existing America Saves users must register at www.americasaves.org/saveup. SaveUp is available for free to Americans who bank at more than 18,000 US financial institutions.

Learn More About SaveUp

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

Press Release

Top Ten America Saves Blog Posts of 2011

Written by Super User · 03 January 2012

January 3, 2012

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

Thank You to everyone that joined America Saves in 2011. Not a member? Join today. 2011 was a big year for us with the launch of our redesigned website and blog. We can’t wait to bring you more tips, advice, and motivation to help you save in 2012. In the spirit of year-end wrap-ups, below is a list of the top 10 blog stories on America Saves from 2011 (calculated by number of hits).

  1. 5 Ways to Save Money on Groceries (Guest post from WiseBread)
  2. Keeping Track of What You Spend and Budgeting
  3. Don’t Increase Debt During the Holidays
  4. What’s Your Number? Online Retirement Calculators
  5. Loan and Learn (Guest post from Awesome Island)
  6. Nation’s Top Consumer Complaints
  7. The Hardest Part About Getting Out of Debt
  8. Save on Heating and Cooling Your Home (Guest post from Money Talks)
  9. Five Ways You Can Save $100 or More
  10. Make Saving Automatic

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Tip of the Day

  • Written by Administrator2 | January 6, 2014

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

Saver Tips and Stories View all »

Saving With My Boys

Written by | September 2, 2019

When Kelly was a kid, she loved the picture book A Chair for My Mother by Vera B. Williams. In the story, a little girl lives in an apartment with her mother and grandmother. The little girl’s mother is a waitress and sole provider for their family. Together the family saves money by putting their change in a giant jar every day. They are saving for a big cushy chair for the little girl’s hard-working mother. Together with patience and diligence, they buy the mother a very comfy chair.

Read more...

Put 20 Percent Away

Written by Lindsay Ferguson | July 8, 2019

“I am a single mother, and I make ends meet for me and my daughter, but I wanted to put money away for my daughter for a college fund. So I started saving 20 percent of my paycheck every month to put it away in a savings account with a high Annual Percentage Yield (APY). By the time my daughter is 18, I will have saved nearly $90,000.”

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...

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Take the Pledge

Written by Super User | September 16, 2013

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Written by Tammy G. Bruzon | July 15, 2014

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