Tuesday, February 26, 2019

Daily Savings Tip from AMERICA Saves Week

  • Never miss a beat when it comes to savings. Make it so easy you never have to think about it by setting aside money for savings automatically.  Learn how to set up automatic transfers from your checking account to your savings account, or have part of your paycheck automatically deposited into a savings account.  Already saving automatically? Find ways to automate other aspects of your financial life in 2019.
    • Videos – If most of your life is automated, why not your savings? These videos were produced by the University of Arkansas System Division of Agriculture Communications Department
Saving at Tax Time through SaveYourRefund
by Lindsay Ferguson, America Saves Director of Strategic Engagement
More than half of all Americans have no savings to help them cope with even small emergencies. Yet more than 100 million taxpayers get refunds from the IRS each year. For many individuals and families, that tax refund is the largest check that they will receive all year, the perfect windfall to start or grow an emergency fund.
In the 2019 tax season, SaveYourRefund will once again offer tax filers the chance to win cash prizes for saving a portion of their tax refunds. Now in its seventh year, SaveYourRefund is a partnership between Commonwealth and America Savesthat provides fun and exciting incentives for Americans to save at tax time when households making less than $50,000 claim $100 billion in federal tax refunds. A chance to win one of two $10,000 grand prizes or one of 100 smaller prizes of $100 is enough to turn a savings skeptic into a savings believer.
Last year, SaveYourRefund helped over 3,400 tax clients save over $2.9 million and gave away $35,000 in cash prizes. We’re looking forward to building on last year’s success and continuing to reward those who save at tax time with 100 weekly prizes and two $10,000 grand prizes.

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