Building Financial Resilience: America Saves Week 2022
Feb 15, 2022
If you’ve struggled to build your savings, take heart. Five days are coming in February that will help you achieve better financial stability. Beginning Monday, February 21, America Saves Week 2022 begins — launching a national celebration and call to action. You’ll be able to focus on improving your financial health. America Saves is an initiative of the Consumer Federation of America, a non-profit, pro-consumer organization dedicated to advancing consumer interests through education and advocacy. They’ve hosted this national event every February since 2007. Honda FCU is joining thousands of organizations across the U.S. in reaching out to help you discover the best ways to benefit from the week’s outstanding daily themes.
Financial wellness themes you’ll focus on during the week:
Monday, February 21, 2022 — Save Automatically
Tuesday, February 22, 2022 — Save for the Unexpected
Wednesday, February 23, 2022 — Save to Retire
Thursday, February 24, 2022 — Save by Reducing Debt
Friday, February 25, 2022 — Save as a Family
Given the economic uncertainties of our times, this year’s theme, Building Financial Resilience, will provide fitting support for many Americans. These special daily themes will help you set your sites on building financial well-being in all these crucial areas. Don’t overlook Friday’s “Save as a Family” theme, which can help your loved ones join you in applying practical strategies to overcome financial difficulties, build wealth and accomplish financial resilience.
Yes, a Savings Plan Works!
According to the America Saves website, those with a savings plan are twice as likely to save successfully. The website offers a selection of objectives for saving — from emergencies, large purchases, education and travel to retirement and more. They also provide strategies to help you reach every goal. Once you prepare and adopt simple practices that will launch your financial plan into action, you’ll discover that saving is an achievable endeavor.
How You’ll Succeed at Saving
Your first step toward success is the America Saves Pledge. Don’t worry! There’s no cost, and you won’t be making that promise alone. You’ll have support from Honda FCU throughout this process. Depending on your department’s payroll system, as well as your goal and plan, Honda FCU can assist you in choosing the best accounts, tools and services to help your pledge pay off. We offer:
Automated Direct Deposit. Widely available to Honda FCU members, this service allows you to follow the old adage, “Out of sight, out of mind.” When you preset your pay to deposit safely into your account on its own, you’ll be empowered to avoid the impulse purchases that come from carrying a paycheck around.
Automated Payroll Deductions. Available to all Honda associates, this service is one of the most popular savings tools available today. You prearrange the amount to be automatically taken for outstanding consumer loan payments or sent to your savings. You won’t miss the money — and you’ll soon appreciate the improvements in your financial health.
How Honda FCU Can Help
Imagine waking up on November 1, 2022, with enough cash for celebrations, gifts and even some fun travel. With Honda FCU’s Holiday Savings account, these dreams can come true. Honda FCU offers a full menu of secure savings accounts and certificates that give you options to reach your various financial goals. Here are the highlights:
- Savings Accounts. A Regular Savings option helps you reach goals, prepare for emergencies and more. The Holiday Savings Club helps you save all year for the upcoming holiday season. And the Premier Savings account maximizes your returns on larger balances.
- Savings Certificates. Deposit as low as $500 to get you started for a term of 6 months to 5 years and earn a competitive interest rate. IRA certificates earn even more and a Coverdell Education Savings Certificate can secure your child’s educational dreams.
- Money Market Accounts. Maximize your savings by earning higher rates on higher balances. As your balance increases, you’ll qualify for even higher dividend rates. The opening balance is $2,500 for a basic account and $100,000 for an Investor’s Advantage Account.
Each of these options comes with financial benefits and guidelines. Contact your helpful Honda FCU representative online or by phone at 1-800-634-6632 to learn more.
During February 21 – 25, please stop by your local branch and ask about our saving tools and resources. Also, as a part of this advocacy and celebration, during this time, Honda FCU will be giving away a small gift* at your local branch to encourage savings.
The America Saves website offers this inspiring message:
“America Saves is here to encourage you along the way. Take the first step toward creating a better financial future. Make a plan, set a goal, and pledge to yourself to start saving, today.”
Join the celebration and start by taking the pledge. You can steadily reduce your debt and build wealth over time. Make the most of your Honda FCU membership so that next February you’ll be able to look back and marvel at how far you’ve come.
*Gift is limited to one per person, while supplies last.
References:
https://americasaves.org/what-to-save-for/?goal=emergency-fund
https://www.hondafcu.org/checking-savings/savings-accounts
https://www.hondafcu.org/checking-savings/savings-certificates
https://www.hondafcu.org/checking-savings/money-market
https://www.hondafcu.org/contact-us
https://americasaves.org/for-savers/pledge/
