Inspired to Build Savings By Starting Small

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.

Great Lakes Michigan Saves Pay Yourself First Saver’s SummitShe was inspired by the saver stories shared at the event and was intrigued by the positive impact even small savings could have for someone like her. She knew she had to get started right away. After taking the Savers Pledge, she created a plan to save at least $20 a month from now on, but if she can manage more, she will. Her goal is to be stress free from bill collectors forever, and with all of the great tips she learned at the Summit, she’s taken a great first step. Now, she plans to spread the word about saving to family and friends.

Ivory is a super saver who also took the Saver Pledge at the Summit. Some time ago, she and her family created a very strict budget plan with the goal of buying a home, and purchased their first home last year. As she was saving, Ivory also improved her credit score and put money into a savings account. Though she’s been successful, it hasn’t always been easy sticking to the budget. “I have made my family sacrifice for two-and-a-half to three years, and now I would like to show them my appreciation by planning a trip,” she said. “The Saver Pledge is giving me the means to do that.”

Just like Sharon and Ivory, every participant at the Pay Yourself First Saver’s Summit took the Saver Pledge, inspired by testimonials from successful savers and examples of how Great Lakes Michigan Saves has helped many families.

Take the Pledge

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

Take the America Saves Pledge

Tip of the Day

  • Fourth saving strategy: Save automatically through a monthly transfer from checking to savings http://ow.ly/sj3vP

Share Your Tip or Story

And if we feature you in our newsletter, you get $25.

Share

Saver Tips and Stories View all »

Starting and Continuing a Personal Finance Journey

When Kiara Hardin, now a junior at Western Illinois University, became an intern with the Chicago Summer Business Institute during her sophomore year of high school, she began her personal finance journey. The program required participants to open a savings account.

Read more...

Starting Over

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.”

Read more...

Story of an Urban Professional

Elaine was inspired to create a new savings goal and plan with the America Saves Pledge after reading the “The Color of Money” column in The Washington Post by Michelle Singletary.

Read more...

Receive Updates

Take the Pledge

Start Saving

Receive Texts

Learn More

Partner News & Updates

Sign Up