America Saves Week offers tips and tools to build a better financial future

February 18, 2020

America Saves Week encourages financial well-being for you and those you love with helpful information, tools, and tips for saving money.

America Saves Week, sponsored by the non-profit organization America Saves, is an annual celebration and call to action for individuals and families to take steps toward building a better financial future.

Each day of the 2020 America Saves Week campaign (February 24 - 29) focuses on one of the savings topics listed below. Select the tools and resources that will be most useful to you in achieving your financial goals.

  • Save automatically. Dedicate a percentage of your income to savings — or increase the percentage you already save — and build a stronger financial future for yourself and those you love. Discover how saving just 1 percent more can make a big difference.
  • Save with a plan. While goal setting is important, savers who have a plan to achieve their goals are twice as likely to be successful. Get a free financial checkup and personal action plan, to find out what’s working for you and areas where you may need improvement.
  • Save for the unexpected. The Federal Reserve estimates that 40 percent of U.S. households would have difficulty coping with a $400 unexpected expense, and AARP recently found that 51 percent of Americans age 50 and over have no emergency savings account. Are you prepared for the unexpected? Learn how to save for an emergency.
  • Save to retire. How much will you need to save to enjoy your desired standard of living in retirement? Know where you stand in just 60 seconds with the Fidelity Retirement Score, and consider increasing your contribution to the Retirement Savings Plan of the Presbyterian Church (U.S.A.). If you don’t currently participate, talk with your employer about getting started.
  • Save by reducing debt. When you actively reduce your debt, you save on interest, and paying off debt frees up money you can put toward your other financial goals.
  • Save as a family. Children as young as three years old can understand financial concepts like spending and saving, and most children’s money habits are formed by age seven. Find information and activities to share with your children, ages 3-18 and beyond.

When you make a commitment to save through the America Saves pledge, you’ll receive email and text reminders with information, resources, and tips to help you stay on track.

If you have medical coverage through the Board of Pensions, you can earn 25 Call to Health* points when you participate in America Saves Week. Beginning February 24, 2020, visit calltohealth.org for more information on how you can get an annual financial checkup (does not require Retirement Savings Plan participation), increase your contribution to the Retirement Savings Plan by at least one percent, or participate in an online Fidelity workshop.

*Call to Health is available to employees and their spouses with medical coverage through the Board of Pensions; it is not available to members enrolled in Triple-S, GeoBlue, or the Medicare Supplement Plan.