Uncategorised

America Saves Week

Written by Katie Bryan · 11 November 2013

America Saves Week is coordinated by America Saves and the American Savings Education Council. Started in 2007, the Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. Typically thousands of organizations participate in the Week, reaching millions of people.

The 2013 Annual National Survey Assessing Household Savings (released during America Saves Week) revealed that only about half of Americans reported good savings habits.

  • 54% said they “have a savings plan with specific goals.”
  • 43% said they “have a spending plan that allows you to save enough money to achieve the goals of your saving plan.”
  • 50% of those not retired said they “save for retirement at work through a 401(k) or other contributory plan.”
  • 41% said that, “outside of work,” they “save automatically through regular preauthorized transfers from checking to savings or investments.”
  • 49% know their net worth.

With more societal encouragement and support, more Americans will be persuaded to Set a Goal. Make a Plan. Save Automatically.

About America Saves

America Saves is a national campaign involving more than 1,000 non-profit, government, and corporate groups that encourages individuals and families to save money and build personal wealth. Overall management for the campaign is provided by the non-profit Consumer Federation of America (CFA). CFA is comprised of over 270 consumer education, advocacy, and cooperative organizations dedicated to advancing the consumer interest.

About American Savings Education Council

ASEC is a national coalition of public- and private-sector institutions committed to making saving and retirement planning a priority for all Americans. ASEC is a program of the Employee Benefit Research Institute Education and Research Fund (EBRI-ERF), a 501©(3) non-profit organization. ASEC does not lobby or take positions on public policy proposals. ASEC educational materials are available at: www.choosetosave.org

Since its creation in 1995, ASEC has driven the financial security mission forward with the collective leadership and efforts of a coalition of major organizations. ASEC brings together public- and private-sector partners to share information on best practices and to collaborate on financial security initiatives Partners of the ASEC coalition provide critical input and help to shape the organization’s agenda, and benefit from research and education that is worth millions.

How to Save for a Larger Home Down Payment

Home
Written by Katie Bryan · 08 November 2013

The larger your down payment, the lower your home loan payment. The most effective way to save a larger down payment is to set aside a portion of each paycheck. With direct deposit, your employer can split your paycheck between checking and savings accounts.  Or, ask your bank or credit union to regularly transfer a certain amount from your checking account to your savings account. Also, ask your financial institution about other savings products that can help you save more. If you need assistance finding money to save, check out our savings tips and strategies!

Saver Checklist

Written by Katie Bryan · 05 November 2013

 

 

Saver Checklist

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.

"; echo "
"; echo "

{$qa['q']}

\n"; echo "
"; echo "

"; } ?>

Your Results

  • 13-15 checks: You are probably a highly successful saver.
  • 10-12 checks: You are probably a good saver.
  • 8-9 checks: You are making saving progress.
  • 6-7 checks: You have the potential to be a good saver.
  • 0-5 checks: You need to think more about how to save successfully.

Here's why each accomplishment is important.

"; echo "
"; echo "

{$qa['q']}

\n"; echo "

{$qa['a']}

\n"; echo "
"; } ?>

Ball State University

Written by Katie Bryan · 07 November 2013

America Saves (En Español)

Written by Katie Bryan · 01 November 2013

Haga la Promesa de America Saves

 
America Saves provides the following pages in Spanish:

Establezca una Meta: Cosas Para las Cuáles Ahorrar (Set a Goal: What to Save For)

Desarrolle un Plan: Cómo Ahorrar Dinero (Make a Plan: How to Save Money)

Ahorre Automáticamente (Save Automatically)

Saver Stories

The Credit Score Quiz

Tip of the Day

  • Written by Administrator2 | January 9, 2014

    Fourth saving strategy: Save automatically through a monthly transfer from checking to savings http://ow.ly/sj3vP

Saver Stories View all »

The Gift of Homeownership

Written by Tammy G. Bruzon | August 5, 2015

Quaneka Willis, a single mother of three children, was receiving rental assistance through the Housing Authority of the City of Milwaukee when she decided to take control of her finances. So, in September of 2013 she attended the Make Your Money Talk program and pledged as a Wisconsin Saver. In less than 12 months, she had maximized her savings and was beginning the process of purchasing her first home.

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.

Read more...

Getting Out of Debt

Written by Katie Bryan | October 28, 2013

In 2004, Tonya Shelton was facing financial ruin. Barely making more than minimum wage and having lost her home to an unexpected family crisis, Shelton and her family were forced to live in a rundown hotel.

Read more...