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Tips, advice, and the latest news from the savings world.

Couple receiving credit counseling in office with heading, "Get debt help."

Too much debt? Here’s who to turn to for help

Debt Credit Credit Card Credit Union
Written by Madeline Daniels · 25 August 2016

Are you in too much debt? Think hard before you answer that question. We vastly underestimate or underreport our debt, according to Nerdwallet’s study of household credit card debt. In fact, our average debt is a shocking 155 percent more than the balances we report.

Line graph illustrating $400/month saved with annual return of 7% saved over 40 years vs. 30 years.

Yes, you can save $1 million by the time you retire

Written by Madeline Daniels · 23 August 2016

Most young adults don’t buy into the idea that they will be able to save $1 million by the time they retire, according to a recent Wells Fargo study on millennials. And just six in ten of that same group have even started tackling saving for retirement.

Young couple sitting on couch looking at bills together

Research shows 60% of Americans are spending all or more than their income

Research Savings Personal Savings
Written by Katie Bryan · 17 August 2016

New research from FINRA Investor Education Foundation’s Financial Capability in the United States 2016 report showed that Americans’ satisfaction with their personal finances has nearly doubled from 16% in 2009 to 31% in 2015. Unfortunately, the percent who are spending less than their income, and therefore have money to save, has not seen the same improvement.

Senior couple sitting on park bench with biking gear. Text overlay: The FAQs of IRAs

The FAQs of IRAs

Retirement Savings Personal Savings
Written by Madeline Daniels · 16 August 2016

Saving for retirement now will ensure you have a comfortable standard of living when you stop or reduce the amount of hours you work. While retirement may seem a long way off, the earlier you start to save, the better, ideally in your first job.

Scrabble game pieces spelling out "debt"

Two tried and true methods of paying off your debt

Debt Better Money Habits
Written by Madeline Daniels · 11 August 2016

Does paying down debt sometimes feel like running on a treadmill to you? Every month, you pay off a little of one loan, and a little of another card, but it ultimately seems like you’re going nowhere. If so, BetterMoneyHabits.com can help you come up with a realistic debt repayment strategy.

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Tip of the Day

  • Written by Administrator2 | January 14, 2014

    To minimize interest charges, limit credit card purchases to those you can pay off in full at the end of the month. In the end you'll have more for emergency savings. http://ow.ly/FJyVP

Saver Stories View all »

Taking Back Control Over Finances

Written by Virginia Saves | August 5, 2015

After becoming a Virginia Saver and getting help from BankOn classes and coaching, Nadine Bialo took back control over her financial affairs.

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Coping with a Lost Job

Written by Katie Bryan | October 28, 2013

Aimee Shaffer worked as a Public Service News Director for radio for years until one day her employer downsized the company, resulting in hundreds of lost jobs, including Aimee’s.

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Saving Early: Key to Successful Future

Written by Katie Bryan | October 28, 2013

For Johnnie Lovett, a Young Illinois Saver, saving has been a habit since he was a teenager. “As a teenager, I was responsible for buying certain things with my allowance,”

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