A DC Saver Uses SaverLife to Reduce Debt and Build Savings
Meet Naomi, a nonprofit employee living in the Washington D.C. area and using SaverLife to save. Naomi didn’t learn much about money management when she was growing up. A few years ago, after surviving serious medical issues and parting ways with her husband, she decided to take control of her finances. Naomi’s goal this year…
Read MoreCelebrating 500,000 SaverLife Members: Our Chief Impact Officer’s Letter to You
When I joined SaverLife in 2017, we had 30,000 members. When our CEO, Leigh, told me that her goal was to reach 1 million members by 2022, I felt hesitant. Can SaverLife really reach one million people? Four years later, we’re well on our way. This month, we are celebrating the huge milestone of reaching…
Read MoreMaking Fee-Free Financial Services Available to Everyone
The California Public Banking Option Act, or BankCal, is an initiative to establish a public bank in California with basic consumer banking services, such as checking and savings. The bill builds upon programs such as CalSavers and CalKids, which aim to address the racial wealth gap in the state, by helping all Californians have access…
Read MoreHere’s How You Can Block an Eviction
In response to housing insecurity potentially leading to an increase in COVID-19 cases, the CDC issued a nationwide temporary halt in evictions through June 30, 2021. In mid-September 2020, we asked over 500 members if they thought enough was being done to protect people from eviction or foreclosure. We found a large difference between the…
Read MoreA Tax Update on Third Stimulus and Unemployment: Your Questions Answered
We know that many of you have burning questions about unemployment benefits and the American Rescue Plan, including how they affect taxes and what is the relationship between the third stimulus and unemployment benefits. Here are answers to some of the questions you’ve asked about the third stimulus, unemployment extension, and their tax implications. How…
Read MoreLatest SaverLife Research: How Work, School, and Parenting Are Impacting Low-Income Parents
Parents of remote-schooled children are earning less money and facing increased expenses while being forced to make impossible choices between work and family. Low-income families were battling poverty and inequality, and the COVID-19 pandemic has only made things worse. Now is the time to start redesigning the way we systematically address opportunity and mobility in…
Read MoreTexas and Oklahoma: Three Reasons to File Taxes Soon, Even Though the IRS Deadline is Now June 15
Dear Texas and Oklahoma members, We know you’re out of the worst of the storm now, and we also know the damage that remains is real. We want to share some resources where you can get help if you need it: 211.org for help with bills Red Cross for family assistance You may have heard…
Read MoreWhat’s in the Third Stimulus Bill Other than Checks?
While the third stimulus payment — which we just wrote about — is a hot topic for Americans right now, there’s actually a lot more to the American Rescue Plan. Here are some of the additional benefits you could get from the relief package. Additional Support to Families In addition to stimulus payments, the American…
Read More3rd Stimulus Check Eligibility: Who Gets the Third Stimulus Check?
The American Rescue Plan is a $1.9 trillion relief package to help alleviate the hardship that millions of Americans feel right now— including checks directly to families and individuals like you. Here are the details about who qualifies for the third stimulus checks. Visit our other blog post for more details about other benefits. What…
Read MoreJust $250 Can Mean Greater Financial Satisfaction
In our latest research, we discovered that having as little in savings as $250 made a huge difference in helping people keep the lights on, stay in their homes, and avoid taking on high-cost debt. We all want to aim for 3-6 months of savings but right now at least saving $250 may still help.…
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