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Money Management Tips – Concluding Day

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America Saves Week – Concluding Day – Money Management Tips

  1. Where do people put their savings dollars?  Savings accounts and certificates of deposit (CDs) are popular choices. Accounts can be opened at financial institutions such as commercial banks, savings and loans, and credit unions. Rates of return vary among financial institutions as do the maturity periods offered (e.g., 6-, 12-, and 24-month CDs). Generally, the longer the maturity on a savings product, the higher the interest paid. Become an American Saver at http://bit.ly/gliVkL
  2. Money market funds are a popular option for savers. They are a type of mutual fund that invests in short-term government securities and commercial loans and pays market interest rates. Initial minimum deposits generally range from $1,000 to $10,000 so you may need to save elsewhere first to accumulate the required amount. Money market funds are very liquid because they generally come with a check-writing option. Become an American Saver at http://bit.ly/gliVkL
  3. Saving regularly is the key to financial success. Whether you’re accumulating an emergency fund or saving for a vacation, a car, or retirement, you’ll be amazed how fast your savings will grow with regular deposits. At any age, saving today is better than waiting! Start by participating in a payroll deduction plan at work and become an American Saver at http://bit.ly/gliVkL.
  4. Today is the final day of America Saves Week. America Saves is a national campaign to persuade Americans who have little or no savings to “build wealth, not debt.” Savers identify a savings goal and take action on a plan to achieve it. The America Saves program is free and motivational. Check out these monthly messages from America Saves e-wealth coaches: http://bit.ly/hSJnXY. 
  5. The only sure-fire way to get ahead financially is to spend less than you earn. Counting on a big inheritance or settlement, a wealthy spouse, a game-changing invention, or winning the lottery cannot be guaranteed. Every successful financial plan includes some type of savings. Are you an American Saver?  Join America Saves today at http://bit.ly/gliVkL
  6. During this past week, you’ve received daily messages about the benefits of saving money, how to save, where to save, and why to save. As America Saves Week winds up, I’d like to know if these messages were helpful and if you joined America Saves and set a personal savings goal to achieve. Please complete this short online survey: http://bit.ly/ExSurvey  It is short (3 minutes) and everyone who completes it will be entered into a drawing for free gift cards. 
  7. During this past week, the America Saves Week campaign has called attention to the need for regular savings and debt reduction to achieve financial goals and provide peach of mind. Did you learn anything new from my Facebook posts?  Did you become an American Saver?  Please complete this short online survey and let me know: http://bit.ly/ExSurvey

For more information or to comment on this blog, contact:

  • deborah.killam@maine.edu

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