“America Saves Week is coordinated by America Savesand 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.”
If you did not know, this week is America Saves Week.
We all know and understand the importance of saving; whether it’s building an emergency fund, saving for a trip to avoid using credit cards, or saving for college and retirement, having the ability and the discipline to set aside money is imperative to maintaining a solid financial plan. But it’s not always that easy. Sometimes there isn’t enough income to allow for saving. Sometimes the struggle between wants and needs favors spending too much on the wants. Sometimes life just happens and savings is wiped out.
Despite the struggle most Americans have building savings and planning for the future, there are plenty of tools and people to help. Head on over to the America Saves Week website to learn more, sign up for alerts and get the toolkit to help you better manage your savings plan.
And, if the website doesn’t provide enough motivation to evaluate your savings, here are a few recent articles about saving and the lack of saving.
Of Dollars And Data: Success By Exhaustion
All About Your Benjamins: More Brute Force (H/T Nick Maggiulli)
A Wealth Of Common Sense: Overcoming A Late Start To Saving For Retirement
The Atlantic: This Is What Life Without Retirement Savings Looks Like
The New York Times: Millennials Are Saving For The Future If They Can Afford To
If you’re married or in a relationship, I highly recommend including your significant other in your savings assessment. Recently, my wife and I talked about the importance of communication and finances on my podcast. If you’re not sure how to include your spouse in the conversation, or you want to be included in the conversation, check out the episode here.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.
