Since 2007 America Saves Week has been an annual celebration as well as a call to action for everyday Americans to commit to saving successfully. It is a widely recognized national campaign to encourage communities to focus on their individual financial wellness. America Saves Week 2021 is the week of February 22-26. Each day has a daily theme.
Save Automatically – The easiest way to save? Automatically! It doesn’t matter how much or what your saving for, when you make the decision to have a portion of your income automatically deposited into a savings account you have increased your chance of success.
Save for the Unexpected – This past year has taught us that we have to be as prepared as possible for the unexpected. Having an emergency fund to support present unaccounted for needs, like a car breakdown, dental bill, or even a last minute fun treat should be a top priority.
Save to Retire – It’s never too soon to prepare for retirement. The earlier you start to prepare the easier it is to save.
Save by reducing debt – Actively reducing your debt means you’re saving on interest, avoiding late fees and maintaining or increasing your credit score.
Save as a family – It’s important to teach good money and savings habits at a young age.
By: Brenda Langdon