Here’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…

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Just $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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What Grocery Spending Looked Like in 2019 vs. 2020

From toilet paper shortages to long lines outside grocery stores, 2020 was a tough year to budget for food. If your grocery spending was higher than usual, you’re not alone. The 2020 monthly average was 24% higher than the 2019 monthly average – though the year ended in a similar place as 2019. How often…

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Credit Usage Steadily Increases

2020 ended with the nationwide median credit card balance 56% higher than it was at this time a year ago. Fortunately, additional unemployment benefits will begin this week for some states and may help decrease how much people are using credit. However, many people are still hoping for more financial assistance. Here are a few…

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SaverLife members tell it like it is…

SaverLife members have been weighing in on how they feel about saving, budgeting, debt, and spending. Here are their responses: How SaverLife members feel about their money overall. If you’re not feeling that great about your money, here are some resources just for you: Three Calming Strategies for Managing Money Anxiety How to talk about…

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How Much Money Members Are Saving Today

More SaverLife members are saving $100 per month Despite how unpredictable 2020 has been, with many folks facing unemployment and caring for family members with little to no financial support, SaverLife members are continuing to save money. Against all odds, they’re making this happen. In October, for example, we’re seeing very similar numbers of people…

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You may be eligible for a stimulus check

[Updated as of October 2020] If you typically don’t file taxes, you have until November 21st, 2020 to fill out the IRS Non-Filer form in order to be sent your stimulus check. About 12 million Americans are still eligible to receive this $1,200 economic impact payment. For the past month, we’ve been asking SaverLife members…

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Relying on Credit Cards to Get Through the COVID-19 Pandemic

In 2020, SaverLife members have been withdrawing money from their savings more often than they did in 2019. And compared to last year, people are relying more on credit cards to feed their families. For people living in households earning less than $50,000 a year, credit card balances have increased by 38% from last year.…

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