HEADLINES

CT Saves Campaign Promotes Increased Saving

 

CROMWELL, CT — As part of America Saves Week 2019, scheduled for Feb. 24–Mar. 2, several local organizations are spreading the saving message and urging their network to assess their savings and take positive actions to improve their financial future. 
 
The Connecticut Saves Campaign has planned several events in celebration including a financial education expo, a Twitter Chat, special events for high school students and young adults, and workshops.“Connecticut Saves Week is a great opportunity to help people in our state ‘Set a goal, make a plan, and save automatically’,” said Faye Griffiths-Smith, family and personal finance educator with UConn Extension.
 
A key feature of the savings campaign is the opportunity to take the Connecticut Saves Pledge. It is an opportunity for savers to set a financial goal and to receive information and encouragement to help them make progress toward achieving it. New this year is the option to text “CTSaves” to 877877. The pledge can also be made online at www.ConnecticutSaves.org.
 
Each day of America Saves Week highlights a unique theme offering fresh opportunities to promote personal savings!
 
Save with a plan. Did you know savers with a plan are twice as likely to save successfully for things like retirement and their (or their children’s) education?
 
Save the easy way…automatically. Never miss a beat when it comes to saving. Make it so easy that you never have to think about it. Set aside money automatically.
 
Save for the unexpected. Putting aside a few dollars a week into a savings account for unexpected costs can build financial security—and relieve a lot of anxiety!
 
Save to retire. Studies show few Americans have adequate savings for retirement but it’s never too late or too early to start saving.
 
Save the extra. Did you know you’re more likely to save a windfall than a small amount consistently over time? Hack that psychology by saving your bonuses, raises and tax refunds.
 
Save as a family. Good saving habits start at home. Model good financial habits for your children, and teach them to do the same. Help them open their own savings accounts! 
 
The Connecticut Saves Campaign is primarily coordinated by the UConn Extension Financial Education Program. Partnering organizations in this effort to promote saving include the Connecticut Department of Labor, Connecticut Department of Banking, Connecticut State Library, Hartford Job Corps Academy, Human Resource Agency, Inc. (HRA), Connecticut Association for Human Services, Better Business Bureau Serving Connecticut, Thomaston Savings Bank, Chelsea Groton Bank, and Compass Working Capital. 
 
For more information on the Connecticut Saves Campaign visit www.ConnecticutSaves.org.

 

 

 

 

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