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Income Volatility: Giving Savings a Lyft

Written by Madeline Daniels · 08 September 2017

It goes by many names--the gig economy, the share economy, the on-demand economy--but no matter what you call it, you can't deny the trend in contract and freelance work. A recent NPR/Marist poll found that 1 in 5 jobs in America are already held by contract workers, a number that is expected to increase to half of the workforce in the next decade. 

There are many benefits to this type of flexible work, but with it a few challenges. A primary concern of gig workers has been income volatility, and the difficulties it presents is paying bills and saving consistently. And in response, innovative solutions are being introduced from the financial capability field to help these workers "smooth" their income. 

We know many of you are involved in these programs or support savers with volatile income, so this partner packet makes it easy for you to encourage workers from all fields to save. 

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3 steps for saving in the gig economy
By America Saves

4 ways to manage fluctuating income
By Philly Saves

Are you saving enough for taxes?
By America Saves

3 steps for saving in the gig economy

By Madeline Daniels, America Saves

You drop off a businesswoman at work with Uber. You give a young couple visiting New York City for the first time the perfect place to stay with Airbnb. You help an elderly neighbor install a new ceiling fan with Task Rabbit. And you deliver groceries to a couple with a new baby with Instacart. Or perhaps you work 10 to 20 hours a week for a start-up or other business.

You’re one of the growing shares of Americans earning a living in the gig economy. The humans that power these services rose to 16% in 2015 from 10 percent a decade earlier.

The gig economy offers workers flexibility and access to many employment opportunities. But without a predictable paycheck or employer-sponsored savings or health coverage, self-employed workers are less likely to save. In fact, a survey found that a majority of self-employed workers say they are behind in retirement savings and that most do not have a specific savings goal.

Preparing for your future, an emergency, or a goal such as purchasing a new home doesn’t need to be difficult, but you do need to make it a priority.

Those with a savings plan are twice as likely to save successfully. So take the pledge to start saving, and use these tips to get started.

Step 1:  Save automatically

The easiest and most effective way to save is automatically. An advantage to the high-tech gig economy is that as a rule, most paychecks are directly deposited into the workers’ bank accounts. Ask the company you work with if you can split your paychecks into two different accounts – checking and savings. Or have your bank or credit union automatically transfer money into your savings each month. Not only are you more likely to put money in savings this way, you’re also less likely to spend it.

Step 2: Build an emergency fund

An emergency savings fund consists of a small amount of money, usually in a savings account, that you do not have easy access to. An emergency fund is especially important for workers without a steady paycheck because it will cover unexpected and unavoidable expenses like a period of unemployment or a repair to a car that’s needed to get to work. By having an emergency fund, you’ll be able to pay these types of expenses without getting into (more) debt.

A good rule of thumb is to set an initial goal of $500. Learn more about why you should start saving for emergencies and where to keep emergency savings

Step 3: Open a retirement account

You do not need an employer-sponsored account to save for retirement and receive tax benefits. Your can open an Individual Retirement Account (or IRAs).

If you are age 49 or younger, you can contribute $5,500 each year to an IRA. The limit increases to $6,500 if you are age 50 or older. There are two main types of IRA – traditional IRAs and Roth IRAs. In addition, those who are self-employed can put money in a SEP-IRA. Each has its own set of rules and offers different tax benefits. This article breaks down the difference and can help you figure out which is best for you.

4 ways to manage fluctuating income

By Philly Saves

Does your income fluctuate? Sometimes that may mean more than usual, and other times it may mean less than usual. It can be frustrating, but it does not mean that your financial plans are not manageable! Here are some tips that will help you to manage your money when your income fluctuates.

1. Track your spending to find your monthly baseline. Calculate the monthly amount for your “have to pay” bills. The baseline expenses typically include housing, utilities and groceries, among other things that are necessary each month. Knowing the bare minimum needed will help you to create a manageable budget with a fluctuating income.

2. Know your average monthly income. Start with reviewing your income from the last two years. While your income will fluctuate from month to month, knowing the average will help you to avoid overspending or making large purchases that you cannot afford. Compare your monthly average income with your monthly baseline expenses. Is there a gap between your baseline and your income? If so, what budget cuts are you able to make close the gap?

3. Create an income-flux fund for any additional or unexpected income you may receive. For example, if your income is typically $1,000 per month, but you receive an additional $500 as a bonus or for overtime pay, place the extra cash into your income-flux fund. This money should be used to cover expenses when your income takes a dip or is less than usual. Your income-flux fund should be a separate account from your emergency savings fund.

4. Make prepayments to your bills whenever possible. This is a great way to manage your budget and expenses if you receive most of your income or additional income during specific times of the year. Paying a few months of rent or car payments in advance can make a huge difference during “slow seasons” when your income will decrease.

Overall, managing a fluctuating income requires planning. You certainly have to plan for the future and predict (as best as possible) when your income will increase or decrease. For example, take note and plan for the time of year you will receive a bonus or commission. If you are a contract employee plan and save for the months after your contract will expire. Look at the trends and ask your employer as well.

Your goal is to plan for the immediate future while working on a long-term savings goal. While it takes time and practice to find the best strategies and tools to manage your fluctuating income just know that it is POSSIBLE!

Are you saving enough for taxes?

By Darlene Aderoju, America Saves

If you work as a contractor or freelancer, you’re a part of the gig economy, and you may be required to pay the IRS the self-employment tax.

Are you saving enough for taxes? Here are five things you should know about taxes and the gig economy:

1. You could be considered self-employed even if you don’t own a business

If you’re a business owner, then you are self-employed. But did you know that freelance and contract work is also considered self-employment? Even though you’re providing a service to someone else or a company, when you work as a freelancer or independent contractor you’re considered a self-employed worker by the Internal Revenue Service. This means during tax time, you’re held accountable for paying the taxes that your employee would usually pay on your behalf. >> Learn more about being self-employed

2. You might have a unique set of tax obligations

As a self-employed worker, you may be required to file an annual tax return and pay estimated tax quarterly. You may also be required to pay the self-employment (SE) tax. The SE tax pays for Social Security and Medicare. When you work for a traditional employer, your Social Security and Medicare taxes are automatically withheld from your paycheck. When you’re self-employed those taxes are not taken out of your initial pay, so you’re responsible to pay the IRS later.

3. You can calculate your self-employment taxes with IRS Schedule SE (Form-1040)

IRS Schedule SE (Form-1040) allows you to calculate the taxes owed on your net self-employment pay. When you complete the form, the Social Security Administration will use the information to determine your benefits through the social security program.

Once you determine the amount you owe the IRS in taxes, you can make quarterly payments called Estimated Tax, to avoid a large bill at the end of the year. Estimated Tax payments for the remainder of 2018 are due on June 15, September 15 and January 15, 2019. >> Access IRS Schedule SE (Form-1040)

4. You should save about 30 percent of your income for taxes

If you decide not to make estimated tax payments, it’s best to save about 25 to 30 percent of your self-employment income each time you get paid. This is to ensure that you if you get with a large tax bill at the end of the year, you’ll have enough money set aside to pay it off right away. Saving 25 to 30 percent of your taxes may seem overwhelming, but you’re lucky and you don’t owe taxes at the end of the year, you’ll have a stash of savings that you can put towards your savings goal.

5. You can take a 10-minute test to see if you’re subject to the self-employment tax

You can take a test provided by the IRS to see if your income is subject to self-employment tax. The information you’ll need is the type of self-employment income you’ve received and your net profit or loss from your self-employment income. The test has an estimated completion time of 10 minutes. >> Take the IRS self-employment test.

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Share the following messages with your followers. 

#SavingsTipTuesday

Are you a gig worker? Here are 5 key tax questions to ask if you’re self-employed >> http://bit.ly/2M5zdim #BetterMoneyHabits #SavingsTipTuesday

Gig worker? Ask your contracting employer if they can “split deposit” your pay into two separate accounts—savings and checking—so you can save instantly when you’re paid >> http://bit.ly/2ebD4Nz v/ @AmericaSaves #SavingsTipTuesday

DYK that you can set up "rules" to your automatic savings deposits for when your income fluctuates and you bring in less? Learn more >> http://bit.ly/2M6Rb43 v/ @thepennyhoarder #SavingsTipTuesday

#SavingsFactFriday

1 in 5 American workers is already a part of the gig economy >> https://n.pr/2M5yLAG v/ @NPR | Here’s how to save if this is you: http://bit.ly/2dJipAV v/ @AmericaSaves #SavingsFactFriday

No employer-sponsored retirement account? No problem! See the FAQs of IRAs (individual retirement accounts) here >> http://bit.ly/2ebD4Nz v/ AmericaSaves #SavingsFactFriday

Savers with a plan are over twice as likely to save successfully. It's that simple. Get started on your plan right now with @AmericaSaves >> http://bit.ly/2dFhJf9  

Additional Posts 

Trying to decide between a Roth or traditional IRA? Start here >> http://bit.ly/2ebD4Nz v/ @AmericaSaves #gigeconomy #retirement

Here are 4 ways to save money each month, even if your income fluctuates >> http://bit.ly/2M6Rb43 v/ @thepennyhoarder 

Don’t have a workplace savings account! Get your retirement fund started by saving up to $5,500 this year in an IRA (individual retirement account) >> http://bit.ly/2ebD4Nz

Self-employed? Check out these tax tips courtesy of the @IRS >> http://bit.ly/2I2ycoO #gigeconomyhttp://bit.ly/2I2ycoO

Income volatility goes beyond the #gigeconomy. Learn more v/ @MarketWatch >> https://on.mktw.net/2M5YIQu

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Saving for College at Any Stage in Life

Written by Madeline Daniels · 08 September 2017

According to Sallie Mae’s recent How America Pays for College report, the average amount families paid for college in 2017 was $23,757. This is no small chunk of change, and their research shows that students and parents share nearly equal responsibility for covering college costs. 

We know many of you are working to address the financial issues families saving for college face every day, so this partner packet focuses on this significant expense and provides tips and advice for you to use to help students and their parents plan and save.

Please share the article, social media content, graphics, and resources provided with your constituents, your partners, and the general public.

Your feedback is important to us. Please take a moment to complete a four-question survey on the usefulness of the resource packet material.

In This Packet:

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For use in communications that directly reach your constituents. We encourage you to use this content as guest posts.

How to get a head start on saving for college
By America Saves

How do we save for college?
By Invite Education

Three ways to cut costs in college
By Illinois Saves

How to get a head start on saving for college

By Madeline Daniels, America Saves

The average amount families paid for college in 2017 was $23,757, according to Sallie Mae’s recent How America Pays for College report.

Their research shows that students and parents share nearly equal responsibility for covering college costs. While the good news is that scholarships and grants are covering the largest share of these costs in a decade (35 percent), 23 percent is covered by parents’ income or savings, 19 percent is covered by student loan borrowing, and just 11 percent is covered by the students’ income and savings.

It’s no secret that the trick to borrowing less is saving more. But college savings can actually help future college students do more than take on less debt. Children with college savings are actually four times more likely to attend.

Need help getting your family started? Here are three things you need to know to get you on the path toward college savings success.

1. Make a college savings plan

Most families expect their child to go to college, but only two out of five families have a plan for how to afford it.

Notably, families with a plan contribute three times more from parent income and savings than families without a plan, according to Sallie Mae. That’s consistent with the America Saves 2017 household savings survey, which shows that savers with a plan are over twice as likely to be making good or excellent progress meeting their savings needs.

This is where the America Saves Pledge comes in. When you take the pledge, you create a simple savings plan and set an education savings goal. Then the non-profit campaign keeps you motivated with relevant advice, tips, and reminders to help you reach your goal. Think of it as your own personal support system.

2. Start saving at the baby shower

We like to say it’s never too early to start saving for college. Instead of more toys and clothes, ask for contributions to your child’s college fund at the baby shower.

A 529 plan can be opened as early as birth. It’s a tax-advantaged savings plan designed to encourage saving for future college costs that is sponsored by a state, state agency, or educational institution. That means that interest earnings are free from federal and state income-taxes. Thanks to compound interest by the time you’re carrying the extra-long twin sheets into the freshman dorms, that money could be worth up to three times more than money invested in high school.

While every state and the District of Columbia offers some kind of college savings plan, the benefits can vary. Just keep in mind that not all 529 plans are created equal, so do your research and comparison shop. Traditional savings or investment accounts, Coverdell Education Savings Accounts, savings bonds, and child savings accounts are also commonly used.

But while it’s never too early to start saving for college, it’s also never too late. Even a small amount of savings (under $500) can make a student four times more likely to graduate.

3. Budget realistically

With college costs continually on the rise, it’s difficult to estimate what the price of college attendance will look like many years from now. But there are many factors you can plan for.

The first is graduation time. The idea that a bachelor’s degree takes four years to complete is more myth than reality, with the average completion time being six years. That’s two additional years of tuition, fees, food, housing, school supplies, and expenses you should be budgeting for.

Another factor is understanding the differences between sticker price and the actual cost of attendance. Because of financial aid packages, including government loans and grants, few students actually pay the published price. You can get a better picture of what most actually pay by using the U.S. Department of Education’s College Scorecard to compare the average net prices and things like average debt students leave a school with, graduation rates, and earnings after graduation.

To learn about the expenses you can plan for in advance, check out Better Money Habit’s video on how to estimate your child’s cost of attendance.

How do we save for college?

By Invite Education staff

Parents want the best for their children, which often includes a college education. Some new graduates leave campus with a diploma in one hand and a huge student loan bill in the other. Parents want their graduates to leave school with minimal debt.

But how?

There are about as many answers as there are families. Below are a few common ways to help save and pay for college, and the pluses and minuses of each to help make informed decisions.

Whatever you choose, remember that by saving today, you give your money the most time to grow before school bills arrive.

College savings plans are opened and administered for a beneficiary (usually a child) by an account holder (usually a parent) who directs the investments. Investment options may include money market funds as well as stock and bond mutual funds. Some have age-based portfolios that shift money between types of investments, becoming more conservative as the beneficiary approaches college age. College savings plans, along with prepaid tuition plans, are a type of “529 Plan”—named for Section 529 of the Tax Code, which created those plans.

Pluses: Investment earnings are tax-deferred, and withdrawals are tax-free, if used at more than 7,000 schools in the United States and abroad for qualified education spending (such as tuition, mandatory fees, room and board, and required books and computers); No residency requirements; Year-round enrollment; No age limits (adults returning to school can benefit).

Minuses: No lock on college costs; Investments are not guaranteed (funds may lose value).

Prepaid tuition plans lock in costs at today’s prices at participating colleges and universities. Costs often include tuition, mandatory fees, and sometimes room & board. While these are usually state-sponsored programs for schools in the state’s college system, some private colleges and universities also offer prepaid tuition plans. Most plans require an initial lump-sum investment, plus regular installment payments based on the age of beneficiary when the account is created and the number of years of college purchased. Prepaid tuition plans are a type of “529 Plan”—named for the same Section 529 in the Tax Code that created 529 college savings plans.

Pluses: Locks many college costs at today’s rates; State governments often guarantee the investments.

Minuses: May have residency requirements; School choices may be limited; Most plans have a limited enrollment period; Most plans have age/grade limits for beneficiaries.

Coverdell Education Savings Accounts or ESAs, sometimes called “education IRAs,” are similar to college savings 529 Plans. Available to families with a modified adjusted gross income of less than $110,000 ($220,000 if filing jointly), they differ from 529 Plans in that they also can be used for private elementary and secondary school as well as college expenses. Coverdell ESAs enable families to save—within contribution limits—with taxes deferred on the investments, and tax-free withdrawals, if used for eligible educational expenses. Existing Coverdell ESAs can be rolled into a 529 Plan, as funding a 529 Plan is considered a qualified education expense.

Pluses: Can be used for private elementary and secondary school as well as college; Investment earnings are tax-deferred; Withdrawals are tax-free, if used for qualified education spending; Investment options are almost unlimited; Can be established at many financial institutions including brokerage firms and mutual-fund companies.

Minuses: Annual contribution limited to $2,000 per year per beneficiary – total from all sources, for example $1,000 from the parent(s) and $500 each from two grandparents; Income limits make some families ineligible.

The Uniform Gifts to Minors Act and the Uniform Transfer to Minors Act allow assets such as stocks, bonds, real estate, and even fine art to a child. Sometimes known as UGMA and UTMA, these accounts are administered by the gift giver or an appointed custodian until the child reaches adulthood (age 18 or 21, depending on the state). The assets become the child’s property and can be used to help pay for college.

Pluses: Investment income is taxed at the child’s (usually lower) tax rate.

Minuses: Not offered in every state; Since the transferred assets belong to the child, their value may affect financial aid eligibility.

Those are the most common ways available to most families to save and pay for college. When you decide which is the best for your family’s situation, remember that time is one of the best ways to have your money grow. The sooner you start saving, the more time the money will have to grow, and the less your family will need to borrow for college.

America Saves Week (Feb. 26-March 3, 2018) is an excellent time to think about—and start—saving for college. As Invite Education always says: “Saving a dollar today is better than borrowing one tomorrow.”

Three ways to cut costs in college

By Kathy Sweedler, Consumer Economics Educator, University of Illinois Extension.

Typically people think of spending—not saving—while in college. It’s true that once you choose where to attend school, your tuition and fees costs are fixed. However, at many schools tuition and fees may be less than half of your overall costs.

According to the National Center for Education Statistics, public four-year, in-state costs in 2015-16 for students totaled $19,189 and tuition and fees was only 46 percent of the total costs; room and board was the remaining amount. Add in other costs, such as fun, clothing, and toiletries, and tuition and fees is an even smaller percent.

You can save money on these “other” costs while in college. Let’s look at three strategies used by college students and you can choose which one fits your lifestyle the best!

Small Items Add Up

We often pay attention to large purchases, but may not notice when we spend small amounts of money. However, small purchases that we make regularly do add up, and it can make a big difference over time. Look how much these purchases add up over a year. Do any of the following expenses resonate with you?

  • One snack item a day, at $1.25, is $465.25 in a year
  • Parking meter charges for eight hours a week ($8.00) add up $416.
  • A pack of cigarettes a day ($7.50 per pack) costs $2,737.50.
  • Lunch out five times a week ($8.00 per lunch) costs $2,080.

Multiple these amounts times four years of college and the amount of student loans needed to cover these costs is significant. Stepping down how often you incur these costs helps. Think about what small costs you have regularly and what action you’d like to take to save money.

Big Expenses Matter

Rent, internet fees, insurance, and cell phone plans are common, big dollar items for college students. Before signing a contract for any of these items, take time to comparison shop. For example, apartment leases vary significantly in college communities depending on where the apartment is located, amenities, size and more. Decide what you specifically need (versus want), compare prices, and consider alternatives before you sign a lease.

University of Illinois’ Tenant Union’s A Quick Guide to Renting Apartments has a housing cost comparison worksheet as well as an apartment hunting checklist that are both excellent tools to help you save money. Don’t forget to also comparison shop for other big expenses.

Plan Your Discretionary/Fun Spending

College is a wonderful opportunity to try new experiences and have fun. You want to have your money last all year so that you can continue to have fun in the spring, and not run out of money in November! Plan how much money you can comfortably spend each week. Here are some tried and true student strategies:

  • Decide how much you want to spend on Friday night (or for fun during the week) and carry cash for this amount. When the cash is gone, the spending stops.
  • Keep receipts in an envelope and add up the amount each week.
  • Use a budget sheet like Making it On a College Budget, or one you customize to fit your needs.
  • Use a budgeting app to track spending.

Here’s a bonus saving strategy! Peer Educators from University of Illinois Extension’s Financial Wellness for College Students program have compiled 55 Ways to Save Money from their own experiences. Take a look at this list and circle 10 or more tips that you can implement! 

Whether you pay attention to small amounts, comparison shop for big items or plan your fun, you can spend less while in college and ultimately save money for yourself. Using these saving strategies will allow you to set aside money in a savings account for those unexpected costs and opportunities that are sure to arise. College is the perfect place to build your saving habits—you can do it and reap the benefits.

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#SavingsTipTues

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Not all 529 plans are created equal. Learn more from @AmericaSaves: http://bit.ly/2m0OR2v #SavingsTipTues
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Learn how saving early and #compoundinterest add up v/ @USATODAY: https://usat.ly/2juiXhn #SavingsTipTues
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5 reasons the @usedgov says YOU should complete the FAFSA: http://bit.ly/2jvGWwM #SavingsTipTues
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Know someone college searching? Share @usedgov College Scorecard: http://collegescorecard.ed.gov #SavingsTipTues
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86% knew child would attend college, 39% have plan to pay: http://bit.ly/2jwpmIP v/ @SallieMae #SavingsTipTues
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How you can estimate and cover cost of education from #BetterMoneyHabits: http://bit.ly/2y4zRFD #SavingsTipTues
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Learn more about Children's Savings Accounts (or CSAs) from @prosperitynow: http://bit.ly/2y4e4ht #SavingsTipTues
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Most at public colleges graduate in 6 yrs. Budget accordingly: https://usat.ly/2y4nw4v @USATODAY #SavingsTipTues
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#SavingsFactFriday

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About 1/2 of parents report having a plan to pay for college: http://bit.ly/2jwHKkU v/ @SallieMae #SavingsFactFri
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25% families w/ plan used fed loans compared to 39% w/out: http://bit.ly/2jvtBEy v/ @SallieMae #SavingsFactFri
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Tuition and fees are less than 1/2 of what to budget for: http://bit.ly/2jw1xko v/ @CollegeBoard #SavingsFactFri
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Get the avg. net price of any school using the @usedgov College Scorecard: http://bit.ly/2aPArNA #SavingsFactFri
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Avg. amount of unclaimed money is $1,861 accord. to @NerdWallet analysis: https://nerd.me/2jw5A04 #SavingsFactFri
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It's never too early or late to start saving! Get resources from the @FTC: http://bit.ly/2jx8VMe #SavingsFactFri
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Learn how to apply for student aid in this video from #BetterMoneyHabits: http://bit.ly/2jvBAl0 #SavingsFactFri
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Know the student loan repayment options: http://bit.ly/2jvA8iI v/ #BetterMoneyHabits #SavingsFactFri #StudentDebt
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Do you have a college savings tip? Share it w/ @AmericaSaves and you could win $25: http://bit.ly/28O0Zgc
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Let @AmericaSaves help you stay committed to your education #savings plan! Pledge to save: http://bit.ly/1NWMTGG
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Never pay to file your financial aid application. Access the FAFSA here: http://bit.ly/2a7lxC2 from @FAFSA
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Confused about options to pay for college? @CFPB tools/resources help make smart decisions: http://bit.ly/2a7sdAd
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Learn all about the smart, tax-advantaged ways to save for college from @FINRAFoundation: http://bit.ly/2ao7NUf
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Saving for college, or not! What I wish I knew then: http://bit.ly/2a7uknF v/ @AmericaSaves #studentdebt
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Saving for your education? Make @AmericaSaves resources your first stop: http://bit.ly/2a7uiMu
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Watch helpful videos on how to save and pay for college from @InviteEducation: http://bit.ly/2jvDNwY
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#SavesChat Twitter Chat

 

Please join @AmericaSaves, @InviteEducation, @SallieMae, @ILStudentMoney, @FinWellnessUIE, and others on Tuesday, November 7 at 2pm Eastern for a 45-minute discussion on saving and paying for college.

Student loan debt in America has grown to over $1 trillion. With more and more young people planning on attending college at higher and higher prices, education and debt are quickly becoming national priorities. Please join our conversation on how to best pay and save for education, and strategies for budgeting and making a plan, from cradle to graduation. 

Hashtag: #SavesChat

Topic: Saving for College at Any Stage in Life

When: Tuesday, November 7 at 2pm Eastern (iCal | Google Calendar | Outlook | Yahoo! Calendar)

These questions will be featured in the discussion: 

  • Q1: When is the best time to start saving for college? 
  • Q2: What are some ways college savings benefit future students? 
  • Q3: Is it worth it to save if you can only afford to put aside a modest amount? 
  • Q4: What can families do in high school to minimize college costs?
  • Q5: What is your favorite resource on finding an affordable college education?
  • Q6: What’s the difference between sticker price and the true cost of college?
  • Q7: What are some unexpected costs of college attendance?

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>> Find more articles on Saving for College529 PlansStudent LoansCollege at americasaves.org.

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Saver Checklist

Written by Alan Germani · 26 August 2017

This checklist is made up of characteristics of successful savers, which include debt management. It can serve as a useful starting point for evaluating one's savings preparedness.

Check off your savings accomplishments to see how you're doing.

Tax-Time Savings Volunteer Pledge

Written by Madeline Daniels · 30 August 2017

Fall 2017 Coordinators Meeting

Written by Madeline Daniels · 23 August 2017

What: Fall 2017 Coordinators Meeting

Where:
Leading Age
2519 Connecticut Avenue, NW
Washington, DC 20008

When: 10am-4pm EDT

Tip of the Day

  • Written by Administrator2 | January 13, 2014

    Never purchase expensive items on impulse. Think over each expensive purchase for at least 24 hours. Acting on this principle will mean you have far fewer regrets about impulse purchases, and far more money for emergency savings. http://ow.ly/sj972

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Taking Back Control Over Finances

Written by Virginia Saves | August 5, 2015

After becoming a Virginia Saver and getting help from BankOn classes and coaching, Nadine Bialo took back control over her financial affairs.

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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...

Jump-Starting a Financial Makeover

Written by Katie Bryan | October 28, 2013

Nichelle Johnson, a single mom with two teenage children, knows what it’s like to stretch a dollar. When she moved back to Virginia Beach in 2008, she provided for her family with just a part-time library position.

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