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

What’s Your Number? Online Retirement Calculators

Written by Super User · 19 September 2011

September 19, 2011

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

Nest EggWe all know that we need to save up for retirement. The question becomes how much do I need to save? One of our Facebook page fans recently suggested that one should save 15% of gross income savings for retirement but was unsure if that was for one person or both in a joint household. As for the 15% part, I found this great article that details the difference between saving 10% and 15%. As for who needs to save that percentage, I’m not an expert but I’m pretty sure both you and your significant other will need to save for retirement.

Luckily there are many online calculators to help us figure out how much money you (or each of you) will need to save.  Each calculator works a bit different but to make sure you are saving enough you can run the numbers twice. Once with just your income and how much you are saving; and once with your joint income and how much each of you are saving. Learn more about savings for retirement on America Saves, and then calculate your number.

Here are some great resources to help you find your number:

1 in 6 Americans Live in Poverty

Written by Super User · 14 September 2011

September 14, 2011

By Katie Bryan, America Saves Communications Manager

Change

The U.S. Census Bureau announced yesterday that in 2010, median household income declined and the poverty rate increased.

Specifically, the poverty rate increased from 14.3 percent in 2009 to 15.1 percent in 2010. That means 49.9 million live in poverty in the United States. In addition, the Bureau found that real median household income declined 6.4%.

This means that budgets are getting tighter across the nation. These numbers exemplify the importance of having an emergency savings. Having an emergency savings fund may be the most important difference between those who manage to stay afloat and those who are sinking financially. That’s because maintaining emergency savings of $500 to $1,000 allows you to easily meet unexpected financial challenges like repairing your car, paying for a visit to the doctor, or flying to visit a sick parent.

Don’t get caught unprepared. Click here for tips on how you can save money for your emergency savings and here to learn about the differently financial products available to help you save.

Are you financially prepared for a sudden emergency? Let us know on our Facebook page.

The Art of Saving

Written by Super User · 13 September 2011

September 13, 2011

By Renuka Patel, Market President, Central California Region for Union Bank, N.A.

Financial experts agree that saving should be a part of every household budget; unfortunately many Americans aren’t prepared for financial emergencies, nor are they saving enough for retirement.  Like most skills, saving money gets easier with commitment and practice.  Just as an artist hones his skill to master an art, consumers can develop their skills and creativity to master the art of saving.

As we approach the final quarter of 2011, consider the following tips to help save and build wealth:

New Resource on Identity Theft

Written by Super User · 12 September 2011

ID Theft

September 12, 2011

By Katie Bryan, America Saves Communications Manager

Did you know that the Carnegie Mellon University CyLab found that 4,311 or 10.2% of the children in their report had someone else using their Social Security number? Identity theft continues to be a major issue and can affect both the young and the old. Do you know what to do if you think your identity has been stolen? Last week, the Consumer Federation of America launched a new resource, IdTheftInfo.org, to help consumers and business with this very issue.

Week Two of the 30 Day Challenge

Written by Katie Bryan · 08 September 2011

Kick Start Your SavingsIt’s week two of our 30 day challenge. It's not too late to join. Take today to calculate what you have spent so far this month and make sure that you are still on track to reach your monthly saving goal. How are you doing?

Already Busting Your Budget?

Don’t worry too much if you’ve already spent more than you should have so far – there are still three weeks to get your spending under control and meet your goals. If you need a little help check out these tips from America Saves or tips directly from America Saves readers.

Ahead of the Game?

It may be tempting to run out and spend that money. But think twice before you do. There are still three weeks of our challenge left and you may run into some unexpected spending later this month. So play the game save and wait to reward yourself once you get to the end and reach your budgeting and savings goals

Are you on track to meet your goal so far? Let us know what’s been most challenging on our Facebook page.

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Tip of the Day

  • Written by Katie Bryan | December 22, 2013

    Helping yourself & your family #save successfully for the future should be at the top of your resolution list

Saver Tips and Stories View all »

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.

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...

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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