America Saves Week: Saving for What Matters Most
It’s important to do an occasional financial check-in to get a clear idea of where your finances are, where you want them to be, and what changes you can make to get them there. Enter: America Saves Week.
America Saves Week (ASW) is an annual call to action to evaluate personal finances and commit to saving successfully. This year, it is celebrated the week of April 8, 2024.
Throughout the week, the organization will be focusing on the following themes:
Monday – Saving Automatically
We automate many of our daily tasks, why not do the same with our savings? Whether setting up a separate direct deposit for savings or setting up an automatic transfer through your financial institution, no amount is too small when it comes to saving.
Tuesday – Saving for the Unexpected
It’s a good idea to have an emergency fund for unexpected emergencies, such as a broken furnace or car repairs, or opportunities, like a last-minute getaway. Setting up a short-term savings account will help prevent you from dipping into everyday or long-term savings.
Wednesday – Saving for Major Milestones
An overwhelming part of saving is determining how much to save for several competing priorities. The good news is there are many ways to plan and save in ways that fit into your current situation. ASW offers nine goals to keep in mind when formulating a plan.
Thursday – Paying Down Debt is Saving
When you reduce debt, you can save money on interest and fees, and build your credit score and cash flow.
On this day, ASW will offer some advice on how to create a positive relationship with credit and strategies for paying down debt.
Friday – Saving at Any Age
The final and possibly most important ASW theme is that you are never too young to learn good financial hygiene, and you’re never to old to make positive changes and break cycles when it comes to your finances.
Financial confidence begins with a positive mindset and relationship with money. ASW will provide tips on how to jumpstart your new savings journey and adopt a positive financial mindset.
Want to learn more? Follow our Facebook page for more ASW tips and strategies throughout the week.
