Los Angeles Saves

Throughout Los Angeles, people just like you are proving you can start small and think big. Los Angeles Savers are setting financial goals, tracking their spending and taking control of their financial future. These tips and tools can help you set goals, develop strategies to reach those goals, and start saving. So what are you waiting for?

Take the Los Angeles Saves Pledge

Haga la Promesa de Los Angeles Saves


The FDIC developed a new "Receiving Economic Impact Payment Page" for consumers to get the information they need to receive the Economic Impact Payment (AKA stimulus check) electronically. You can also learn more about it via YouTube video.

New City-County partnership connects Angelenos with resources to open a safe and affordable bank account

Wed, 04/29/2020 @ 03:00 PM

The CARES Act includes nearly $300 billion for direct payments to low- and moderate-income individuals to mitigate the economic impact of the COVID-19 pandemic. But if Angelenos don't have a bank account, they can't get a direct deposit of the money they're entitled to, which means it will take too long to receive their payments.

That’s why Mayor Garcetti announced a partnership with L.A. County’s Department of Consumer and Business Affairs and its Bank On Los Angeles County initiative led by the Center for Financial Empowerment to make it easy to open a bank account. 

Angelenos can open an affordable bank or credit union account online now to claim their Economic Impact Payment faster. You can learn more about opening a Bank On account here.

For those having difficulty opening an account or cashing your checks, you can find a list of partners here who will cash your stimulus payments at no cost. Bank of America, Chase, Wells Fargo, and Union Bank are the first to announce that they’ll waive the cashing fee for non-account holders.

Savings Strategies:

Building wealth starts when you set a goal and make a plan to reach that goal. Whatever goal you choose – whether it’s buying a car, buying a house, or getting out from under your debts – learn about proven savings strategies and get simple tips on the best ways to save. Click on the links below to learn how to:

 


Contact us!

Chun-Yen Chen, This email address is being protected from spambots. You need JavaScript enabled to view it. 

2020 Los Angeles Saves Partners

  • Asian Pacific Community Fund
  • Broadway Federal Bank
  • Building Skills Partnership
  • California Department of Business Oversight
  • Cathay Bank
  • Central City Neighborhood Partners
  • Chinatown Service Center
  • CTBC Bank
  • Federal Deposit Insurance Corporation
  • First Choice Bank
  • First Foundation Bank
  • Haven Neighborhood Services
  • Junior Achievement of Southern California
  • Los Angeles Alliance for Economic Inclusion
  • Los Angeles Department of Consumer and Business Affairs
  • Los Angeles Public Library
  • Pacific City Bank
  • Pacific Western Bank
  • Preferred Bank
  • Pure Hearts R US
  • Royal Business Bank
  • State Bank of India (California)
  • Union Bank

RSS Recent Blog Entries View all »

  • 5 Ways To Teach Kids How To Save At Home

    We start kids young with almost everything— sports, school, so why not saving? We are always looking for new ways to #ThinkLikeASaver in the America Saves community. The earlier that you have a positive mindset around saving, the easier it is to save successfully as an adult.

    Read more...
  • Creating a budget for your family

    It’s always the right time to create a saving and spending plan (aka a budget). It’s also a good idea to revisit that plan annually or when a major shift occurs in your income or expenses. 

    We’ve created an easy to use, but thorough, Spending and Saving Plan tool to use. Before you get started, here are some tips to help you #ThinkLikeASaver, ensuring that your money is working smarter and harder for you.

    Read more...
  • 4 Steps to Spending Your Stimulus Check Wisely When You Don't Have An Emergency Fund

    Most Americans don't have an emergency fund. While we're all experiencing this pandemic very differently — some having only minor inconveniences and others finding themselves without a job or having to close their business — those without a savings cushion are vulnerable to feeling the ramifications of COVID-19 for a very long time.

    Read more...
  • Pantry Shopping and Meal Planning Preparation Tips

    With experts telling Americans to practice social distancing and to be ready for a possible 14-day self-quarantine one of our first concerns is food. How do we shop and prepare for 14 days worth of meals? Equally important are concerns about shopping without overbuying and staying on a budget.

    Read more...

Los Angeles Saves


Partner Resource Packet

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Tip of the Day

  • Tip to #save when shopping: You can #save more than 10% by comparing prices at different stores.

Consejo del Día

  • El guardar cincuenta centavos al día por un año le permitirá ahorrar casi $500. #save

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Saver Tips and Stories View all »

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.

Read more...

Make it Automatic

Holding ourselves accountable can be tough. Maria knew that if she didn’t “set it and forget it” she would have a hard time making sure her regular savings deposits were happening. In April, she took the America Saves Pledge and created a savings plan to increase her emergency fund.

Read more...

Saving With My Boys

When Kelly was a kid, she loved the picture book A Chair for My Mother by Vera B. Williams. In the story, a little girl lives in an apartment with her mother and grandmother. The little girl’s mother is a waitress and sole provider for their family. Together the family saves money by putting their change in a giant jar every day. They are saving for a big cushy chair for the little girl’s hard-working mother. Together with patience and diligence, they buy the mother a very comfy chair.

Read more...