America Saves Week

America Saves Week is a recurring, national campaign that occurs each year in February and is widely recognized by thousands of organizations across America. Kicking off this year on February 22nd, the campaign encourages communities to set goals and make a plan to save for the near and long-term successfully.

As Houston’s largest community bank, we’re encouraging our community to focus on your individual financial wellness. Each day of America Saves Week has its own theme: Save Automatically, Save for the Unexpected, Save to Retire, Save by Reducing Debt, and Save as a Family.

Day 1: Save Automatically

The easiest way to save is automatically. No matter what you are saving for, you can choose to have a portion of your income automatically deposited in a savings account.

Savings tip: Set up automatic transfers through your employer or financial institution to work towards your savings goal.

Day 2: Save for the Unexpected

A year like 2020 taught us that preparing for the unexpected should always be top of mind. While we all have savings goals for the future, it’s important to have an emergency fund to support current needs like medical bills or car trouble.

Savings tip: Brainstorm a few emergency events you might need to budget for. Take a look at your finances and set a realistic budget to save for in these situations.

Day 3: Save to Retire

It’s never too soon to plan for retirement. Understanding your retirement needs is crucial when making a plan and preparing for the future. Very few Americans have a plan for savings that will cover their desired lifestyle.

Savings tip: Contact an Allegiance Banker to discuss our personal checking and savings account options.

Day 4: Save by Reducing Debt

Did you know that paying down debt is a form of saving? By paying and reducing debt, Americans save on interest, late fees, and maintaining a healthy credit score.

Savings tip: Recognize paying debt as a form of saving and set a goal to prioritize this action.

Day 5: Save as a Family

Teaching money and healthy savings habits can, and should, begin at a young age.

Savings tip: Sit down with your family, no matter their ages, to discuss money, saving and spending habits.

Our Allegiance Bankers are passionate about helping our community meet their individual and business savings goals. No matter what your finances look like, if you’re interested in learning more about saving, contact us today.