February 19 marks the beginning of America Saves Week 2024, and Quincy Credit Union is here to fill you in on the profound impact this annual celebration has on countless numbers of Americans every year. Set up in 2007, America Saves Week has a rich history and a remarkable track record of helping Americans understand the importance of saving, reducing debt, and building wealth.

Let’s take a closer look at America Saves Week, discover how and why it was set up, and learn more about how events like America Saves Week synergize with local financial providers like Quincy Credit Union to draw awareness to important financial matters, educate people on important financial issues and provide people with the tools they need to put the valuable lessons learned into practice.

What is America Saves Week?

America Saves Week is a national initiative established in 2007 by America Saves and the American Savings Education Council. America Saves is a project set up by the Consumer Federation of America (CFA), a pro-consumer non-profit organization that brings together more than 270 consumer education, advocacy, and cooperative members, all of whom dedicate their time to driving consumer interests forward.

The campaign urges individuals and families to focus on their financial health by prioritizing saving, establishing financial goals, and taking other tangible steps toward a more prosperous financial future. Studying the necessary steps and taking advantage of Quincy Credit Union’s products and services will help you prepare yourself for financial success this America Saves Week.

How to Set Yourself Up for Success

With the cost of living increasing across the country, finding the resources to save for a rainy day can be tricky, but by no means impossible. There are certain steps you can begin taking today to make sure you have some money to set aside each month. 

Set Realistic Goals

The cornerstone of success is to set achievable goals. This is true for financial success, too. Whether you’re looking to start a rainy–day fund, save for a down payment on your dream home, or you’re planning for retirement, it’s vital to identify attainable goals so that you remain focused and motivated. Quincy Credit Union helps members set realistic goals that can be obtained without stress.

Create a Budget

It may sound simple, but the power of a solid budget can’t be overstated. To make responsible financial decisions, you need information, and the best way to do that is to track your income and expenses. Armed with this data, creating and sticking to a budget is much easier and more sustainable. America Saves Week stresses the importance of constantly reviewing and adjusting budgets to ensure they remain aligned with your financial targets. Quincy Credit Union’s suite of online tools and resources will help you craft and sustain your budget, ensuring your financial plans stay on track.

Automate Your Savings

Saving is a habit, and establishing a savings routine is made much less complicated by automating the process. Think of all the actions you take every day because you have simply grown accustomed to doing them – they have become automatic. Quincy Credit Union’s savings accounts allow you to set up automatic transfers. This means that a portion of your income is consistently and automatically directed toward your ever-growing savings account.

Reduce Debt

Debt is a very real problem for a huge proportion of American households. Being able to effectively manage and reduce your debts is a key step toward financial stability. Perhaps the most valuable lesson that crops up every America Saves Week is the focus on understanding your debt, creating effective payoff plans, and exploring all strategies that could help minimize your interest payments. Quincy Credit Union offers debt consolidation options at competitive rates, allowing you to streamline debt repayments and work your way toward a debt-free future.

Educate Yourself

America Saves Week is primarily a week focused on educating the population. Financial literacy is a fundamental element in financial prosperity. Quincy Credit Union prides itself on providing members with access to fantastic online content and other resources that offer industry information and financial tips at no cost. Our Financial Education Center will help you get started on taking your financial health to new heights. We also regularly bring our educational efforts to the real world, working with members of the local community to offer financial education to school children and other groups.

Save with Quincy Credit Union

At Quincy Credit Union, America Saves Week is more than just an event, it’s a commitment to empower our members with the information they need to succeed in hitting their financial goals. Reaching financial security is a journey, and a difficult one to travel alone. Join us in celebrating America Saves Week, and turn to Quincy Credit Union for the products, services, and resources you need as you work towards your financial freedom.