by Brittany Lyte, Wise Bread
The spending and saving habits of your past don't define your future — your current ones do. And this America Saves Week is a great time to start with a clean slate. Hitting the reset button won't cure all your financial woes, but when it comes to adopting good saving habits it's truly half the battle. The other half, of course, is drafting a well-planned road map for success. Luckily, we've got a primer to get you started. Read on for our guide to adopting seven money-saving habits that stick.
Showing posts with label ASW2015. Show all posts
Showing posts with label ASW2015. Show all posts
Saturday, February 28, 2015
America Saves Week’s Daily Savings Focus: Save for Emergencies
Saturday, February 28: Save for Emergencies
An emergency savings fund consists of a small amount of money, usually in a savings account that you do not have easy access to. Saving for this fund starts with small, regularly scheduled contributions that build up over time.
Savings Tips from WESTconsin!
Here are three simple tips for building an emergency savings fund.
- Automatic Savings | Designate a portion of your paycheck to be automatically transferred to your emergency savings fund. Ask your Member Services Representative about setting up an additional savings account titled "Emergency." Saving even $20 per month will help you to build almost 50% of a $500 emergency fund! WESTconsin Online allows you to set up automatic transfers! Click here for more information.
- Unexpected Income | Place unexpected income (i.e. gifts of money, tax return, rebates) into your emergency savings fund.
- Impulse Savings | Turn impulse buying into a positive savings behavior. Place money you would have spent on an impulse buy into your savings account instead.
Friday, February 27, 2015
America Saves Week’s Daily Savings Focus: Save for Retirement
Friday, February 27: Save for Retirement
Saving now for retirement will ensure that you have enough money to live a comfortable standard of living when you stop or reduce the amount of hours you work. Participate in a work-related retirement program or open up a Roth IRA. Already saving? Increase the amount you save toward retirement by 1% in 2015.
WESTconsin can help! Check out our Individual Retirement Account (IRA) page or call your Member Services Representative at your local WESTconsin office and start saving today!
Thursday, February 26, 2015
America Saves Week’s Daily Savings Focus: Save Automatically
Thursday, February 26: Save Automatically
It can be hard to put aside money for savings, but there is an easy way to save money without ever missing it – make your savings automatic in 2015.
Set up automatic savings with WESTconsin Online! Login, hover over the Move Money tab and click on Schedule a Transfer. From there you can choose the amount to transfer, the accounts to transfer from and to, the frequency and recurrence. Voilà! Automatic savings!
Wednesday, February 25, 2015
Teaching Your Child Money Habits for Life
Financial responsibility goes beyond the porcelain pig.
By Kimberly Castro July 30, 2010 | 12:00 a.m. EDT
For most adults, the first brush with money management came in the form of a porcelain pig. A nickel here or a dollar there for every chore completed or good deed. Financial responsibility, for the most part, stopped with the piggy bank. Many of the Echo Boomer generation—those born between the 1970s and early 1990s—agree that learning how to spend, save, and invest wisely just wasn't a part of life's lessons growing up. "I wish I understood the value and attributes of money at a young age," says Christopher Rogers, a 33-year-old, New York native and associate director at a financial services firm. "Although I grew up around a successful family, no one instilled the value of money in me until I began to do it myself, and fairly recently, too."
By Kimberly Castro July 30, 2010 | 12:00 a.m. EDT
For most adults, the first brush with money management came in the form of a porcelain pig. A nickel here or a dollar there for every chore completed or good deed. Financial responsibility, for the most part, stopped with the piggy bank. Many of the Echo Boomer generation—those born between the 1970s and early 1990s—agree that learning how to spend, save, and invest wisely just wasn't a part of life's lessons growing up. "I wish I understood the value and attributes of money at a young age," says Christopher Rogers, a 33-year-old, New York native and associate director at a financial services firm. "Although I grew up around a successful family, no one instilled the value of money in me until I began to do it myself, and fairly recently, too."
No-sweat ways to help kids start out strong, financially
America Saves Week is coming up on Feb. 23. This annual event helps thousands of us start out on a regular program of saving money toward our goals. We’ve all got goals and plans for the future, and a lot of them cost money.
Parents, take the America Saves pledge and get started on saving today.
If you’re a parent or caregiver, setting up savings is also a great opportunity to include your kids. Here’s a quick guide to encourage your kids to start thinking about saving. We’re never too young (or old) to learn!
America Saves Week’s Daily Savings Focus: Family & Youth Savings
Wednesday, February 25: Family & Youth Savings
Good savings habits start at home. Whether you’re budgeting, saving, making retirement decisions, or assessing work-place benefits, share the choices you make with your children no matter what age they are.
Click below to learn more about the resources we have available for parents and students.
WESTconsin's Student $avers Program - Parents
WESTconsin's Student $avers Program - Students
Tuesday, February 24, 2015
America Saves Week’s Daily Savings Focus: Pay Off High-Interest Debt
Tuesday, February 24: Pay Off High-Interest Debt
With planning, discipline, patience, and maybe some outside help, almost anyone can reduce their debts and start to accumulate wealth. Find places to cut your spending so that you can pay down your debts faster and find places to trim your expenses.
WESTconsin can help! Transfer your high-interest debt to our WESTconsin Platinum Visa!
5 Simple Steps to Save Successfully this America Saves Week
America Saves Week (February 23 – 28, 2015)
is an annual opportunity for individuals to assess their savings and take
financial action. America Saves’ mantra – and the focus for America Saves Week
– is simple: Set a Goal. Make a Plan.
Save Automatically. When you know what your current financial picture looks
like, you can be more proactive in setting yourself up for future success.
Try
these five simple steps during America Saves Week to help yourself save
successfully:
Monday, February 23, 2015
America Saves Week’s Daily Savings Focus: Assess Your Savings
Monday, February 23: Assess Your Savings
The beginning of the year is a great time to get to know your full financial picture. If you only do one thing during America Saves Week, visit AmericaSavesWeek.org and Assess Your Savings.
America Saves Week, February 23 – 28, 2015, is the perfect time to review your finances, set your savings goals for the year, and set up a system that will allow you to save automatically. That’s why the America Saves Week theme is - Set a Goal. Make a Plan. Save Automatically.
Did
you know that only half of Americans report having good savings habits?
Thursday, February 19, 2015
America Saves Week | February 23-28
Schedule of Content:
Monday, February 23: Assess Your Savings
Tuesday, February 24: Pay Off High-Interest Debt
Wednesday, February 25: Family & Youth Savings
Thursday, February 26: Save Automatically
Friday, February 27: Save for Retirement
Saturday, February 28: Save for Emergencies
Subscribe to:
Posts (Atom)