Four Easy Ways to Make Saving a Family Affair

Everyone in your household can play a role in the financial success of your home. Here are four easy ways to make saving a priority for everyone under your roof. 

  1. Have a conversation

Get the whole family together, make some popcorn or hot chocolate and make talking about money fun. Keep it positive by talking about ways the family can work together to lower expenses, increase income and save money. 

  1. Involve everyone

Take time to explain how things that everyone in your household uses comes with a cost, like the utilities, internet and cable. Teach the whole family how to comparison shop, choose generics and/or use coupons, sale ads, etc. Make it an activity for everyone to review your local grocery store circular/app and identify products that you can save on that week.

  1. Set a goal

Decide as a family what your financial goals should be. These could be household goals and individual goals. Is it saving for college?  Is it saving for a family vacation? A car? Having a financial cushion for unexpected emergencies? Whatever you decide, make a commitment to save. Jumpstart that commitment by taking the America Saves Pledge, and we’ll help keep you on track by sending goal-based emails and texts.

  1. Make a plan

Setting a goal is a great start, but how will you reach it without a plan? Making a plan to reach a savings goal requires establishing a plan for how you will spend and save your money. Savers with a plan are twice as likely to accomplish their savings goals. Get some tips and tricks about making a plan with our Save with a Plan Toolkit.

 

Now that you have a few ideas to start saving as a family, remember to celebrate your successes and know saving is an activity and not an amount. Start Small and Think Big.

Tip of the Day

  • Written by Administrator2 | January 14, 2014

    To minimize interest charges, limit credit card purchases to those you can pay off in full at the end of the month. In the end you'll have more for emergency savings. http://ow.ly/FJyVP

Saver Tips and Stories View all »

Budget like Nohemi

Written by Guest Blogger | April 19, 2019

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.

Read more...

Learning to Save

Written by Katie Bryan | October 28, 2013

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

Read more...

A Think Like A Saver Attitude

Written by Benjamin Moss | November 26, 2019

Melissa has always been thrifty with a #ThinkLikeASaver attitude. This served her family well when her husband lost his job in 2014. Using their savings, Melissa’s family stayed afloat while her husband found a new job. During his job search they used a majority of their savings, but that is OKAY. Savings are fluid! They’re supposed to be used in the case of emergency, and this qualified as such.

Read more...