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?

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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 »

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  • Pantry Shopping and Meal Planning Preparation Tips

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  • Where To Get Financial Help During The COVID-19 Crisis

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Los Angeles Saves


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Tip of the Day

  • Take control of #saving & #spending during the #holidays - create a holiday budget! http://ow.ly/CP1lO

Consejo del Día

  • El transferir dinero de la cuenta de cheques a la de ahorro es la manera más rápida de ahorrar entre $500 y $1,000 http://ow.ly/PZRxn

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Saver Tips and Stories View all »

Budget like Nohemi

Nohemi found out about America Saves a few years ago as an undergraduate at the University of Illinois at Chicago. She remembers attending a University of Illinois Saves event where she decorated a piggy bank and took the Pledge, but college life made her put the thought of saving at the back of her mind. Those thrifty thoughts resurfaced when she graduated with a degree in public health.

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Learning to Save

Kisha Barns’s financial situation was undisciplined, unrestricted, and impulsive before she came into contact with her local America Saves campaign, Charlotte Saves.

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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...