American Saver Volume 14, Issue 3
AMERICAN SAVER Volume 14 Issue 3
Taking Steps toward Financial Fitness
make sure to review her credit report once a year. “Good credit has always been important to me,” Nicky explained, “it was the one thing that I was taught when I started working at the age of 10 with my paper route.” In addition to sharing what she learned with family members, Nicky began to look at how to make a difference in the lives of the youth she works with by helping them make better financial decisions and offering financial training opportunities. Nicky said the best part of her training was having a one-on-one coach. “My coach not only met with me monthly to review my funds and decisions, but she also educated me on the importance of improving my finances through investment options that best fit me and my circumstances.” “Establishing a written goal and taking steps to make it become a reality helped me, and I know it can help others, too.” Nicky encourages others to begin their financial fitness journey by joining Virginia Saves or America Saves. “Establishing a written goal and taking steps to make it become a reality helped me, and I know it can help others, too.”
Nicky Vasquez learned about Virginia Saves when she attended her first class with Bank On Virginia Beach. The instructor shared how important it was to have a written savings goal, and the entire class joined Virginia Saves as the first step toward financial fitness. When Nicky signed up for class, she wanted to learn how to better manage money and
Nicky Vasquez, Virginia Saver
increase savings. Growing up, she never learned about savings because “it was always about the here and now in addition to helping my mother with household expenses.” But, she realized she could have been saving all along by doing a better job managing her spending. Applying what she learned in the class, Nicky now tracks her daily spending, saves monthly in a savings account through automatic deposit, and doesn’t rely on credit cards in a pinch. By using her funds wisely, she has increased her savings and made improvements to add value to her home. Another lesson she learned was to
Campaign News America Saves Issues Annual Report Find out about the many ways America Saves has been working to support your ability to save successfully by taking a look at our annual report. A lot happened from March 2013 to
FamilyWealth Facts Five Fastest-Growing Consumer Complaints in 2013
1. Violations of do-not-call rights and other telemarketing abuses 2. Home improvement and construction 3. Used car sales 4. Utility billing issues 5. Internet sales Source: Consumer Federation of America and the North American Consumer Protection Investigators annual survey of state and local consumer protection agencies, July, 2014. View full report or press release .
February 2014. We hired new staff for outreach and communications and created new products that encourage individuals to assess their savings status and take financial action.
We also saw the largest America Saves Week to date, where we collectively reached over 40 million people with opportunities to save. Most importantly, we are increasing the number of people like you who have pledged to reduce debt, save money, and set up automatic ways to do so.
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