Take the America Saves Week Challenge!


America Saves WeekAs you know, we’re all about helping people reach their money goals—whether it’s through our app, our articles or by simply sharing our favorite tips for money management … like my money minute!

And this week, we’re all about saving. Why, you ask? Because it’s America Saves Week!

Are You Up for the Challenge?

America Saves Week—or The Week, as we fondly call it around here—is a movement coordinated by America Saves and the American Savings Education Council to promote good savings behavior.

While LearnVest isn’t officially affiliated with the movement, we’re always up for a good money challenge, so we’re holding a giveaway in honor of America Saves Week. The prize: We plan to give one seriously smart saver $250!

Here’s how it works:

  1. Log into the Money Center. (If you don’t have access yet, sign up for a free LearnVest account.)
  2. Choose or create a Priority Goal to focus on this week, so you can see how much you’re saving at a glance.
  3. On Sunday, March 3, send us an email at savingsweek@learnvest.com, and tell us about your experience saving this week. Was it easy? Hard? What will you do with your savings?
  4. One saver’s email will be chosen at random to receive $250 to add to his or her total.

Bottom line: It’s not about saving the most or the fastest—it’s about getting a plan in place to help you reach your savings goals.

3 Tips to Get You Going

Don’t know how to start? Try these foolproof savings secrets:

1. Create a $5 jar. Whenever a $5 bill ends up in your hands, pop it into your savings jar!

2. Set up automatic deposits. Have your paycheck automatically deposited into your checking account, and divert a portion of it into your savings. (Retirement savings count, too!)

3. Change your routine. While things like following the 50/20/30 rule will save you money on a bigger scale, a change in routine can also do wonders. So eliminate one non-essential expense this week—like a dinner or lunch out—and stick that money straight into your savings.

Incidentally, we’ll be issuing a series of monthly challenges—with financial incentives!—throughout 2013, so be on the lookout for other inspiring money dares.

Good luck! We can’t wait to hear all about your intrepid saving stories.

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  • Ashley-Marie

    As someone paying off my last outstanding credit card debt while
    simultaneously saving up for a trip to Europe this year, I absolutely
    love this challenge! Bring it on =) 

    • Mara

      good job!!! I hear ya! I just finished with my last credit card debt last month while simultaneously saving for a nice used car and my emergency fund!! :D

  • dee

    If only the winning was based on more than just picking a random email response which let’s face ain’t gonna be mine.

    • mk

      That’s a negative attitude to have and won’t get you far, think half full not empty, life looks better that way, good luck!

  • Perdaris

    I tried emailing how my Savings Week went to the address above, but it keeps getting bounced back to me.  ???

    • imysteri

      I have the same problem!

      • AldenWicker

        Thank you for pointing this out to us! We’re working on getting this fixed so you can share how you saved ASAP. We’ll let you know when you can enter!

        • AldenWicker

          It should be working now, so please do try again. Thank you for your patience!

          • Ashley-Marie

            Thank you, I’ve just emailed it =)

    • AldenWicker

      Thank you for pointing this out to us! We’re working on getting this fixed and we’ll let you know as soon as you can enter.

  • Lisa Painter

    I save all of my change and my husband’s change each year and use that for Christmas shopping and also
    try to increase amounts each year!

  • Liese

    What category do the medical bills fall under? They are essential but vary throughout. The surprises with accidents.