July 11, 2013
Founder, Frugal Dad
We publish a lot of information, and a lot of it has to do with financial aid. At this time of year when students and their parents may be in a panic trying to get their financial aid applications in before it’s too late, it can be hard to distill all the information you’re getting bombarded with from this and other sites. Inspired by an article Victor Luckerson recently published on “Time” magazine’s business site — “10 Tips for Getting the Most Out of College Financial Aid” — I decided that our readers could use a breakdown of some of the more useful financial aid tips, too.
Interested in receiving helpful tips and reminders about your savings goal? America Saves launched a new free text message service, as part of Financial Literacy Month, to keep you motivated to save. Text messages will come in the form of tips to help you find money to save and reminders to save for your specific goal.
How to sign up for text messages:
- Pledge to Save below.
- Click the box to receive text messages.
You must be 14 years old or older to take the pledge. (If you are 13 or younger and would like to join, please ask your parent, guardian, Youth Center staff, or teacher.)
March 8, 2013
By Katie Bryan, America Saves Communications Manager
TODAY, March 8, IS THE LAST DAY to boost your savings with an exclusive $500 savings prize, just for America Saves members! SaveUp is sponsoring this exclusive prize in honor of America Saves Week!
Reward yourself: It’s FREE!
Every time you make a deposit in your own savings account or make an on-time payment on your own loan – you get chances to win real prizes. Plus, because you are part of America Saves, you will automatically earn 100 bonus credits when you sign up.
How to enter to win the exclusive $500 prize and earn 100 bonus credits:
- Pledge or Repledge to Save
- Once you pledge your confirmation page (and confirmation email) will include the link to Save Up.
- Register for a SaveUp account (or login if you already have an account) and look for the America Saves Savings Prize ticket.
- Make sure to go to the “Accounts” tab and connect your financial accounts where you save money or pay down debt to get even more credits.
- Start playing for great rewards!
It’s that easy. Plus, you can earn even more credits by inviting friends and family to join in the fun.
About America Saves and SaveUp
AmericaSaves is committed to finding innovative ways to help you succeed financially. We have teamed up with SaveUp, a financial rewards program that rewards Americans for saving money and paying down their debts, to provide you a fun and engaging experience while you save for the future.
AmericaSaves is putting the fun back in savings with SaveUp. Give it a try today.
The easiest and most effective way to save is automatically. This is how millions of employees save through 401(k) and other retirement programs at work. It is also how millions of Americans save at their bank or credit union.
How to Save Automatically
The best automatic saving is when you make a decision to do so, then it just happens:
- Every pay period, your employer deducts a certain amount from your paycheck and transfers it to a retirement or savings account. Ask your HR representative for more details and to set this up.
- Every month, your bank or credit union transfers a fixed amount from your checking account to a savings or investment account. Talk to your local bank or credit union to set this up.
Why Automatic Savings Works
Over time, these automatic deposits add up. $50 a month accumulates to $600 a year and $3,000 after five years, plus interest that has compounded. Soon you will be able to cover many unexpected expenses without putting them on your credit card or taking out a high cost loan.
If you can’t afford to save even $50 a month, there are alternatives. Many banks and credit unions will transfer as little as $25 monthly from checking to savings and, as an added bonus, waive any monthly savings fees.
I Don’t Have enough Money to Save
But if even $25 is too much, just save your loose change. If every day you just put some or all of the loose change in your pocket or purse into a jar, and don’t spend it, you will find that in a year you will probably accumulate over $100.
Just saving loose change has persuaded many Americans that they are able to save. And when they become convinced that they can save, they find other ways to build an emergency fund or save for other goals.
Everyone has the ability to save. At America Saves, we say “Start Small, Think Big.” You can start with only $10 a week or month. Over time, your deposits will add up. Even small amounts of savings can help you in the future.
Save automatically. As millions of savers have learned, what you don’t see you won’t miss.