America Saves Blog

Blog

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

The Hardest Part About Getting Out of Debt

Written by Super User · 15 August 2011

The following saver story comes from the American Saver Summer 2011 edition:

Tonya

In 2004, Tonya Shelton was facing financial ruin. Barely making more than minimum wage and having lost her home to an unexpected family crisis, Shelton and her family were forced to live in a rundown hotel. Their future seemed bleak. However, armed with a burning desire to make life better for her family, help from Purdue Extension’s Making Your Money Work financial literacy program, the assistance of a Iocal America Saves campaign Indy Saves, and a savings plan, she began her journey to becoming a good steward over the money she did have.

With the help of Indy Saves, Shelton set a goal – to save $10 a week towards an emergency fund. It was money she felt she did not have at the time, but Indy Saves and Making Your Money Work helped her to commit to a budget in order to start saving. She sealed the deal by enrolling in a direct deposit program. “Having a savings account helped me to understand the value of having a banking relationship,” said Shelton.

Your Weekly Motivation to Save More

Written by Katie Bryan · 11 August 2011

Kick Start Your Savings

I often hear that the hardest part about saving is getting started. That’s why we are going to post ways to Kick Start Your Savings each week on the America Saves Blog. Anyone can take action and start to save today.

The following resources will help you take positive steps towards saving more now:

Inspiration from the Experts

9 ways to save on back to school – From MSN Money

  1. Take inventory
  2. Get the school's list
  3. Go through the ads
  4. Check prices online
  5. Buy in bulk and bundles
  6. Take advantage of tax holidays
  7. Look off the beaten path
  8. Make the kids work for extras
  9. Shop throughout the year

Got Debt? It’s Time for a Reality Check – From AARP.org

  • Challenge yourself to start paying off your bills now and work towards being debt-free.

Make Saving Automatic

Written by Katie Bryan · 10 August 2011

Piggy Bank and Laptop

It can be hard to put aside money for savings. But there is an easy way to save money without ever missing it. Make your savings automatic. You can start small and save $20 a week or month or you can try and save more.

How to save automatically

  • Many employers allow you to divide your paycheck into different accounts. Take advantage by putting part of your pay into a savings account.
  • If you get paid in cash, take a small amount to the bank to deposit into a savings account. Many banks make this easy by allowing you to deposit cash directly at an ATM. Tip: do this the day you get paid. That way you will be less tempted to spend the money.

Keeping Your Kids (and Your Wallet) Cool This Summer

Written by Guest Blogger · 08 August 2011

By Nichole L. Huff, M.S., CFLE, University of Kentucky

If your July was anything like mine, it was H-O-T!  With record-breaking temperatures and near-daily heat advisories, finding inexpensive, indoor ways to entertain your kids during the summer months can prove challenging.  As a mom of two little ones (four and two), I’ve tried to find economical and fun ways to keep my kids busy on those days when it’s just too hot to go outside.

Foster Creativity

With most schools out on summer break, it’s important to regularly provide your children with time to draw, color, paint, and create.  Give a child a crayon and the possibilities are endless!  August is a good time to buy art supplies because many discount retailers are running back-to-school specials.  Take advantage of the sales by stocking your home with many simple craft supplies that cost as little as $.25 to $1.00 each!  The basics?  Crayons, markers, colored pencils, a watercolor paint set, finger paint (look for poster paint, which is usually a few dollars cheaper), safety scissors, glue sticks/school glue, construction paper, a coloring book, and drawing paper.  For under $10, you can create an art kit that will keep your kids so entertained they’ll forget they are inside!

To supplement your store-bought supplies, look for items around the house to reuse and repurpose.  Save empty toilet paper and paper towel rolls, magazines, empty milk cartons, and soda bottles.  Find an old box to house your new art supplies, and let your kids’ first craft be to decorate it!  Collect old buttons, ribbons, and fabric.  Rinse and save your Popsicle sticks.  Got extra cotton balls in the bathroom?  Glue them to a piece of construction paper to make clouds (or better yet, let your kids make a winter snow scene on a hot summer day!).

Money Smart Saving

Written by Guest Blogger · 04 August 2011

by Jasmith Joseph, Illinois College Student

Being a college student is really hard. Having lots of expenses and a part-time minimum wage job doesn't really help much either. Things got especially tough for me when I broke my phone. I really needed to get another one and I had no choice but to save. I didn't have the over one hundred dollars to spend on the new smart phone I really wanted.

The first thing I decided to do was put aside ten dollars from every paycheck. I quickly discovered that this would take over five months for me to save enough! I needed to devise a better plan. I am great in English so I resolved to help my friends out in English for a small fee and I rented out my books to those who didn't have them. In about three weeks I managed to make $105. I added the $20 I had set aside from my paychecks and I had just enough to get the phone I wanted.

Take the Pledge

Savers who make a plan are twice as likely to save successfully. 

Take the America Saves Pledge

Tip of the Day

  • Written by Administrator2 | January 7, 2014

    Second saving strategy: Save for emergencies http://ow.ly/sj3vP

Saver Tips and Stories View all »

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,”

Read more...

Jump-Starting a Financial Makeover

Written by Katie Bryan | October 28, 2013

Nichelle Johnson, a single mom with two teenage children, knows what it’s like to stretch a dollar. When she moved back to Virginia Beach in 2008, she provided for her family with just a part-time library position.

Read more...

The Gift of Homeownership

Written by Tammy G. Bruzon | August 5, 2015

Quaneka Willis, a single mother of three children, was receiving rental assistance through the Housing Authority of the City of Milwaukee when she decided to take control of her finances. So, in September of 2013 she attended the Make Your Money Talk program and pledged as a Wisconsin Saver. In less than 12 months, she had maximized her savings and was beginning the process of purchasing her first home.

Read more...

Receive Updates

Take the Pledge

Written by Super User | September 16, 2013

Start Saving

Receive Texts

Written by Tammy G. Bruzon | July 15, 2014

Learn More

Partner News & Updates

Written by Katie Bryan | October 18, 2013

Sign Up