What does saving mean to you?
At SaverLife, we talk a lot about how important it is to save. But defining what it means to save is surprisingly difficult! Consider this scenario: You transfer $5 from your checking to savings account every week all year. At the end of the year, your car needs some repairs. You withdraw all the money…
Read MoreMeet the Savers Win $5,000 Winner!
In early 2018, we launched Savers Win, a new way to reward you for saving. Savers Win gave away over $10,000 in cash prizes to Savers all across the country, including a $5,000 grand prize. After an incredibly difficult round of deliberations, our panel of judges selected Jessica as our Grand Prize Winner. We showed…
Read MoreTax refunds are used for bills, healthcare, and – yes – having some fun!
Last month, we talked about how Savers used their 2017 tax refunds. This month, we’re diving deeper into how saving and spending changed after Savers got their refunds. Refunds are used to play catch-up In the months leading up to tax season, many people have to put off bills or delay healthcare. We learned that…
Read MoreHow do you use your tax refund?
Every month, part of your paycheck is sent straight to the government to pay your taxes. But at the end of the year, most people owe less than they’ve already paid – so they get money back from the government. These tax refunds are a huge influx of money for many American families. If you’re…
Read MoreHow a Dedicated Savings Account Can Help You Save
It may seem obvious, but it’s easier to save money in a savings account! When you sign up for SaverLife, you have the option to link either a checking or savings account. But if you read the fine print, you may notice that we suggest using a savings account. Here’s why: our research shows that…
Read MoreMeet Your Fellow Savers
At the beginning of your journey with SaverLife, we asked you about your goals. Here’s what you and your fellow savers said! EARN Savers have big goals! YES, we do! (I’m saving too!) I’m not at all surprised that housing is at the top of our “goals” list. That makes perfect sense! Buying a home…
Read MoreDo ups and downs in income make it hard for you to save?
Last month, our research showed that 70% of SaverLife Savers experience ups and downs in income. These fluctuations can make it harder to budget and save. After all, how can you plan for your financial goals when you don’t know how your income will change every month? We were shocked to learn how frequent and…
Read MoreHow do you deal with ups and downs in income?
It’s in the news all the time: a record number of Americans have incomes that go up and down throughout the year. Some of these people work in the “gig economy,” driving for rideshare services like Lyft and Uber; some work seasonal construction jobs; and some perform childcare or freelance work when they can get it.…
Read MoreWho are SaverLife members?
SaverLife is a free savings program run by nonprofit organization EARN. Since 2017, over 90,000 people across the country have joined SaverLife – maybe you’re one of them! Here are a few facts about your fellow Savers: SaverLife members hail from all 50 states. From the Pacific to the Atlantic, and everywhere in between, your…
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