Taking Steps Toward Financial Fitness

Nicky Vasquez learned about Virginia Saves when she attended her first class with Bank On Virginia Beach. The instructor shared how important it was to have a written savings goal, and the entire class joined Virginia Saves as the first step toward financial fitness.

When Nicky signed up for class, she wanted to learn how to better manage money and increase savings. Growing up, she never learned about savings because “it was always about the here and now in addition to helping my mother with household expenses.” But, she realized she could have been saving all along by doing a better job managing her spending.

Applying what she learned in the class, Nicky now tracks her daily spending, saves monthly in a savings account through automatic deposit, and doesn’t rely on credit cards in a pinch. By using her funds wisely, she has increased her savings and made improvements to add value to her home. Another lesson she learned was to make sure to review her credit report once a year. “Good credit has always been important to me,” Nicky explained, “it was the one thing that I was taught when I started working at the age of 10 with my paper route.”

In addition to sharing what she learned with family members, Nicky began to look at how to make a difference in the lives of the youth she works with by helping them make better financial decisions and offering financial training opportunities.

Nicky said the best part of her training was having a one-on-one coach. “My coach not only met with me monthly to review my funds and decisions, but she also educated me on the importance of improving my finances through investment options that best fit me and my circumstances.”

Nicky encourages others to begin their financial fitness journey by joining Virginia Saves or America Saves. “Establishing a written goal and taking steps to make it become a reality helped me, and I know it can help others, too.”  

Take the Pledge

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

Take the America Saves Pledge

Tip of the Day

  • Impulse buys are an easy way to blow your holiday budget. Make a plan & stick to it! http://ow.ly/CVJZf

Share Your Tip or Story

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

Share

Saver Tips and Stories View all »

Coping with a Lost Job

Aimee Shaffer worked as a Public Service News Director for radio for years until one day her employer downsized the company, resulting in hundreds of lost jobs, including Aimee’s.

Read more...

Saving for a Bright Future

Kristin Hendricks, a single mother from Texas, understands the importance of saving money and following a tight budget. She decided to make saving money a priority when she gave birth to her son.

Read more...

Saving is a Family Affair

Saving is truly a family affair for Jeff’s household. During America Saves Week 2019, he pledged to save for retirement. But making a commitment and creating a plan to save isn’t a new concept for him.

Read more...

Receive Updates

Take the Pledge

Start Saving

Receive Texts

Learn More

Partner News & Updates

Sign Up