{"id":4175,"date":"2022-02-21T08:00:00","date_gmt":"2022-02-21T14:00:00","guid":{"rendered":"https:\/\/www.accrediteddebtrelief.com\/blog\/?p=4175"},"modified":"2023-12-20T17:09:16","modified_gmt":"2023-12-20T23:09:16","slug":"america-saves-week-2022-building-financial-resilience","status":"publish","type":"post","link":"https:\/\/www.accrediteddebtrelief.com\/blog\/america-saves-week-2022-building-financial-resilience\/","title":{"rendered":"America Saves Week 2022: Building Financial Resilience"},"content":{"rendered":"\n

Do you have goals you\u2019re currently saving for? If so, do you feel like you\u2019re making significant progress? If you don\u2019t have savings goals, what\u2019s holding you back?<\/p>\n\n\n\n

February 21-25 is America Saves Week<\/a>, which is a chance for us to reflect on our current saving habits and make changes to improve our financial health. We\u2019ll break down this year\u2019s savings celebration so you can take part and work towards better financial stability.<\/p>\n\n\n\n

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What is America Saves Week?<\/h2>\n\n\n\n

America Saves Week is an annual nationwide campaign led by the Consumer Federation of America<\/a>. During this 5-day period, individuals and families are encouraged to check in on their finances and take actions to boost their overall financial wellness. <\/p>\n\n\n\n

In addition to the daily weekday themes, America Saves Week\u2019s 2022 focus is building financial resilience. By checking in on one aspect of your finances each day, you can make small steps to save more successfully and achieve your goals.<\/p>\n\n\n\n

2022 Daily Themes<\/h2>\n\n\n\n

Monday: Save Automatically<\/h3>\n\n\n\n
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Automatic payments make regular expenses, like utilities and rent, easier to manage. Why not take the same approach to your savings goals? You can make regular payments to yourself by setting up automatic transfers towards your savings, investment and retirement accounts.<\/p>\n\n\n\n

There\u2019s no such thing as starting too small. For example, setting up a $20 automatic transfer to a savings account every week will result in $1,040 after a full year. That kind of money can be put towards any savings goal you might have, like a vacation, a home renovation or an emergency fund.<\/p>\n\n\n\n

Tuesday: Save for the Unexpected<\/h3>\n\n\n\n
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Speaking of emergencies, the worst part about them is that they\u2019re hard to plan for. Things like car accidents, hospital stays and crucial home repairs can easily upend a tight budget and put you in debt.<\/p>\n\n\n\n

While we can\u2019t predict the future to discover emergencies before they happen, we can do the next best thing: prepare ahead of time. Start by creating an emergency fund that\u2019s separate from your regular savings account. Experts recommend having enough money to cover 3-6 months of living expenses, but anything helps \u2014 try starting with a goal of $1,000.<\/p>\n\n\n\n

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Learn more about unexpected expenses and emergency funds:<\/strong><\/h4>\n\n\n\n