Partner News: America Saves Week Shined Spotlight On Saving
The Ready.Save.Grow. campaign joined hundreds of leading nonprofits, government agencies and financial institutions in supporting America Saves Week from February 25 to March 2.
Reflecting this year's America Saves Week theme of "Set a goal. Make a Plan. Save Automatically." the Ready.Save.Grow. campaign shared information with community-based groups about Treasury savings options that can help people gain control over their financial future.
Ready.Save.Grow. campaign partners promoted America Saves Week as well. The Corporation for Enterprise Development helped spread the word through a blog post and social media messages, and the Institute for Financial Literacy shared information with their Twitter followers.
Using Tax Refunds to Build Savings
Tax season can be a great time for people to build up their nest eggs, said Jerry Kelly, national director of the Ready.Save.Grow. campaign, in a February guest post in the New America Foundation's blog, The Ladder.
"According to the IRS, we received more than 110 million tax refunds last year with an average return of $2,803. Even taking just $50 or $100 of the refund to start saving now can help us kick start our long-term savings goals," Kelly wrote.
"With tax season now in full swing, many of us will have the money to save through a refund of our federal taxes. We'll also have the chance to pay ourselves first by splitting our refund to send part of it directly to savings and the rest of it to our checking account or debit card—even to our mailbox in the form of a check. And we can do it in a straight-forward, single-step process by completing IRS Form 8888."
For Kelly's full blog post, visit http://assets.newamerica.net/blogposts/2013/