Join Us in Participating in America Saves Week!

Do you have enough money set aside for your child’s education? What about unexpected expenses, such as car repairs or medical bills? Are you contributing to a supplemental retirement plan such as Ohio Deferred Compensation?

If you answered no to any of these, or you’re unsure, now is a good time to review your finances and make a plan.

America Saves Week  is an annual event that encourages everyone to commit to saving successfully.

It starts with analyzing your finances, setting achievable goals, and creating plans that work for you and your family.

 

Each day focuses on a different theme:

 

Monday – Save Automatically

We automate many of our daily tasks, why not do the same with our savings?  https://youtu.be/kKTzzX4ZoSA

 

Tuesday – Save with a Plan

Set a savings goal and create a plan.

Take the America Saves Pledge: http://bit.ly/aspledge

 

Wednesday – Save for the Unexpected

It’s a good idea to have an emergency fund for unexpected emergencies, such as a broken furnace or car repairs. However, it also is important to be financially prepared in the event of a natural disaster.

Use the Federal Emergency Management Agency’s Emergency Financial First Aid Kit to compile all the financial and legal documents and information you will need during the recovery process: http://bit.ly/2vNFcW6

 

Thursday – Save to Retire

Unsure if you will have enough income to fund your retired life? Make adjustments now by saving and investing:
https://www.fool.com/investing/2020/02/10/waited-too-long-to-address-retirement-do-these-4-t.aspx

Consider supplementing your pension by investing in a 457(b) plan, such as Ohio Deferred Compensation:
https://www.ohio457.org.

 

Friday – Save by Reducing Debt

Do you want to get a better handle on your debt reduction plans? NerdWallet has a handy debt calculator that can help you estimate payoff dates for your loans.

You can also compare different debt payoff strategies: debt snowball, debt avalanche, debt management, and debt consolidation. https://www.nerdwallet.com/blog/pay-off-debt/?trk=nw_gn1_4.0

 

Want to learn more? Throughout the week, will be sharing saving strategies from America Saves on our Facebook page.