America Saves Blog
Tips, advice, and the latest news from the savings world.
October 27, 2011
Last weekend, Manny Flores, IDFPR Director - Division of Banking presented 28 graduates at WW Grainger Inc. in Niles, IL with certificates from the department, marking their completion of financial literacy courses provided by Heartland Alliance at no cost. Heartland, a not-for-profit organization, has partnered with the department to provide financial literacy courses which have been certified by IDFPR.
“With our slow growth economy and the budgetary pressures facing families, financial literacy is increasing important,” said Manny Flores, director of banking, Department of Financial and Professional Regulation. “Working families need to understand their rights and responsibilities regarding the money they earn spend and hopefully save. Illinois Saves is a good alternative to non-bank financial management services.”
IDFPR also used this event to launch its new Illinois Saves website, where individuals can sign up to be Illinois Savers. The website is a helpful tool for those committed to thinking more responsibly in terms of their finances. For more information, or to sign up to be an Illinois Saver visit Illinois-saves.org
Established by Governor Pat Quinn, Illinois Saves is a public-private partnership between the Illinois Department of Financial and Professional Regulation (IDFPR), financial literacy educators, and financial institutions, whose goal is to educate the underbanked and connect them with a no-fee Savings Account. Illinois Saves focuses on financial literacy to empower consumers and implore them to think responsibly and begin saving.
Click here to find a local Saves campaign near you.
October 26, 2011
Don’t spend money on an outfit your child will most likely wear only once! Have fun, get creative, and keep your money in your pocket (and your budget) by using everyday items in your own home to create an unforgettable costume for your child. Search in your closets, and scour through your clothes drawers to find easy help for dressing up your child—on the cheap.
1. Grab your sheets.
Bed sheets can be used for everything from a cape to a toga to a spooky little ghost (thank you, Charlie Brown). Hopefully, there’s an old one hanging around. If not, snatch one from your linen closet (or someone’s bed) for a last-minute save.
2. Dig for scraps.
Fabric scraps or pieces of old clothing can be cut into various shapes and sewn or pinned on overalls to show off the rugged character of a little farmer or scarecrow. Use pinking shears to add fun detail to scraps before attaching to costumes.
October 24, 2011
By Teresa W. Walker, Virginia Community Capital, Inc. Savings Manager
The Virginia CASH Campaign Fall Classic, led by Carolyn Spohrer, Virginia Community Action Partnership, was held in Richmond on October 13.
The event brought together tax coalitions in Virginia providing free tax preparation services and asset building programs for a day of learning and sharing.
October is National Disability Month and the conference highlighted the National Disability Institute's Real Economic Impact Tour and provided timely information for all participants. Several members of the Virginia Saves Advisory Board attended the meeting, as well as, participated as an exhibitor or speaker.
Virginia Saves Advisory Board Members: Lori Irwin, Virginia Saves volunteer; Teresa Walker, Virginia Community Capital and Virginia Saves Coordinator; Chris Neighbors, IRS; Maureen Gooden, Metro CASH; and John Meeks, FDIC. Dawn Lindley, Virginia Municipal Credit Union League (not in the photo).
October 19, 2011
By Katie Bryan, America Saves Communications Manager
Did you know that there are over 50 local America Saves campaigns located across the Country? Many of these campaigns offer one-on-one advice, workshops, and guidance to help you get your finances on track and save more. Below is a list of upcoming free event and webinars. Click here to find your local campaign.
Utah Saves is participating in Get Smart About Credit day on October 20th by providing several free community workshops focused on understanding credit, how credit scores are calculated, and tips to build credit and improve credit scores.
Virginia Beach Financial Planning Day
SATURDAY OCTOBER 22, 2011
Virginia Beach Convention Center
1000 19th Street Suite 5
REGISTER TODAY FOR FREE AT
October 17, 2011
By Katie Bryan, America Saves Communication Manager
Last week, Experian released the results of their second-annual State of Credit study.
Compared with last year’s State of Credit assessment, many cities have improved slightly. Five out of 10 of the bottom markets have increased their credit scores and decreased debt since 2010. However, average debt nationwide has only decreased by about 1 percent — it is down about $200 to $24,542.
A low debt-to-credit ratio is an important element of a high credit score. Learn more about how lowering debt can raise your credit score.
Cities with the highest credit scores:
1. Wausau, Wis.: 789
2. Minneapolis, Minn.: 787
3. Madison, Wis.: 785
4. Cedar Rapids, Iowa: 781
5. San Francisco, Calif.: 781
6. Green Bay, Wis.: 780
7. Boston, Mass.: 779
8. Peoria, Ill.: 778
9. Sioux Falls, S.D.: 778
10. La Crosse, Wis.: 777