Roanoke Valley Saves

 

All across the Roanoke Valley, people just like you are proving you can start small, and think big. Roanoke Valley Savers are setting financial goals, tracking their spending and taking control of their financial future. Our staff and trained volunteers can show you how to develop a savings strategy and take one step at a time. So don't wait any longer

 

Take the Roanoke Valley Saves Pledge

 

... take the pledge and take part in Roanoke Valley Saves Week! 

 

Take the pledge, achieve your goals, and win a tablet during Roanoke Valley Saves Week!

Get your hands on a Roanoke Valley Saves Punch Card, open a savings account, and achieve your goals!

Every time you save money in your bank account, mark off one of the stars on your card. Once your punch card (and savings account) is full, then drop your card off at the following locations by March 3rd to be entered to win a tablet. 

Saving pays off! What are you saving for?  

United Way of Roanoke Valley - 325 Campbell Ave Sw.

American National Bank & Trust Company - 202 South Jefferson St.

American National Bank & Trust Company - 4225 Colonial Ave.

Freedom First - 5002 Cross Rd. NW

Roanoke Public Libraries - Main Library, 706 S Jefferson St.

Franklin County Library - 355 Franklin St., Rocky Mount, VA 24151

Franklin County Library - 84 Westlake Rd., Hardy, VA 24101

EnVision Center - 1801 Dunbar St. NW

Virginia Career Works - Blue Ridge - 3601 Thirlane Rd. NW. Ste. 2

 

Need a punch card of your own? Connect with our Bank On Roanoke Valley partners, outlined below, or download it here to get one. You can also reach out to Hannah at United Way of Roanoke Valley at 540-777-4207 or This email address is being protected from spambots. You need JavaScript enabled to view it. to get one of your own and start saving!

 

Remember to like and follow us on Facebook!  

  

January 10th - March 3rd – Take the Savers Pledge

Visit Bank On Roanoke Valley on Facebook and take the Savers Pledge!

 

January 10th - March 3rd – Punch Card Completion

Drop off your completed punch cards at one of our partner agencies listed above. Need a punch card? Connect with our Bank on Roanoke Valley partners or download one here!

 

February 26th, 10:00 a.m. – 1:00 p.m. – Save for the Unexpected 

Come and participate in mini-finance sessions with an expert instructor.

Location – Downtown Roanoke, Main Library, 706 S. Jefferson St.

 

February 27th, 1:00 p.m. – 2:00 p.m. – Save to Retire 

Preparing for retirement can easily be pushed into the "someday" category, as we focus on present needs and expenses. Come and learn how to save today for tomorrow.

Location – EnVision Center, 1801 Dunbar St. NW, Roanoke, VA 24012

 

 

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:

  

Thank you to our Bank On Roanoke Valley Partners: 

City of Roanoke

Blue Eagle Credit Union

First Citizens Bank

Freedom First Credit Union

American National Bank & Trust Company

SunTrust

Wells Fargo

United Way of Roanoke Valley

Virginia Cooperative Extension

Roanoke Redevelopment and Housing Authority

Roanoke Public Libraries

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.

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    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.

    With stimulus checks on the way, there will be tough financial decisions to make once received. Here are active steps you can take, along with things to consider to help you develop a solid spending plan.

    1. Make a list of all expenses

    Write out every single expense that you have, including essentials like food and utilities. Be sure to go through your checking and savings account history to make sure you don't have any “vampire” expenses, like monthly subscriptions that you may have forgotten about and no longer need.

    2. Talk to all creditors and lenders

    The CARES Act puts into effect two mortgage relief provisions: protection from foreclosure, and a right to forbearance (pausing or making partial payments) for those experiencing loss of income due to COVID-19. However, the provisions are not automatic and are only for federal loans, so you MUST talk to your lender.

    If a creditor/lender offers you a payment plan or other relief, make sure you get it in writing and take note of the names and dates of the customer service representatives with whom you speak.

    Thankfully, some utility companies have announced they won't cut off services if they aren't being paid. Be sure you know all of your utility and service providers' stance on this, so there are no surprises. You don't want to make any assumptions.

    RELATED: Your lender might let you miss a few mortgage payments. Three questions you should ask first

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    Expenses relating to food, shelter, and medicine should come first. This would include mortgage, rent, utilities, groceries, diapers, and medications. It also includes medical insurance premiums and homeowners/renter's insurance.

    If you need childcare to work, that is another essential expense. Next in line are auto-related expenses, including transportation, gas, insurance premiums, and car payments.

    Loans that are secured by collateral (for example, mortgages and auto loans) are generally considered more important than those without collateral, like consumer credit card debt. For example, if you don't pay your mortgage, a bank can foreclose on your property; if you don't pay your car loan, the bank can seize your car. While not paying your credit card bills will negatively affect your credit score, credit card companies will not come into your house and take your personal possessions.

    Federal student loans are currently not accruing interest until September 30, 2020, and can be put into forbearance so that no payments are due. If you have a private or institutional loan, you will have to contact the lender for other options.

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    4. Pay your debts in the order of priority

    Now that you know all your expenses, have prioritized them, and know your payment options with creditors and lenders, it's time to make the payments in order of priority.

    It's important to note that we are approaching tax season, so many expect to receive their tax refunds in the coming months. If you plan to receive a refund, you can apply the same process to that extra income.

    If you are still unsure or are overwhelmed with where to start, use our decision tree for guidance on what to do with your stimulus check and tax refund.

    Then make a commitment to be more proactive with saving by taking the America Saves pledge. We'll be your savings accountability partner as you take a small step toward saving.

    Stimulus Decision Tree

    Download Decision Tree: PNG | PDF

    Then make a commitment to be more proactive with saving by taking the America Saves pledge. We'll be your savings accountability partner as you take a small step toward saving.

    Take the America Saves Pledge

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Roanoke Valley Saves


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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.

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Saver Tips and Stories View all »

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.

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In 2017 Debi felt overwhelmed. Her credit cards were maxed, and she wasn't exactly sure how to handle it. When asked how her credit issues started, her answer sounded like many Savers that we've spoken to: making too many impulse purchases. “I was driven by feelings like ‘That sounds good,’ or ‘I am too tired to cook.’” Then she attended a university extension program that introduced her to America Saves. That’s where she heard the tip that set her on her savings journey - stop accumulating debt.

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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.

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