As part of America Saves Week, February 22 – February 26, GE Appliances encourages you to focus on the importance of emergency savings and saving automatically to better prepare for the unexpected.
WellWithin is offering the following daily, easy-to-follow financial tips. Since 2007, America Saves Week has been a call to action for everyday Americans to commit to saving successfully.
Monday: Save Automatically
What is the easiest way to save? Automatically! It doesn’t matter how much or what you’re saving for, when you make the smart decision to have a portion of your income automatically deposited into a savings account, you have increased your chance for success. At GEA, you can split your paycheck. To set this up, visit benefits.geappliances.com. From the homepage, select the “My Paycheck” tile. Then select “Payment Elections” and add up to three bank/savings accounts.
Tuesday: Save for the Unexpected
The past year has taught us that we must be as prepared as possible for the unexpected. While we all have future savings goals, having an emergency fund to finance unaccounted for needs, like a car breakdown, home repair or dental bill should be a top priority. Visit the netbenefits.com Fidelity link to learn more about saving for an emergency.
Wednesday: Save to Retire
It’s never too soon to prepare for retirement. In fact, the earlier you start, the easier it is to save. Set aside time to understand your retirement needs and make a plan to meet them. Use Fidelity’s insight and tools to help you prepare for retirement.
Thursday: Save by Reducing Debt
It’s time to recognize that by paying down debt, you ARE saving! Celebrate that! Actively reducing your debt means you’re saving on interest, avoiding late fees, and maintaining or increasing your credit score. Visit Fidelity to find tips on how to reduce your debt.
Friday: Save as a Family
How much better would Americans be with money if we were intentional about teaching good money and savings habits at a young age? From kindergarten to teenagers, use this guide to help you talk to your children about saving money.