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 who were able to save over $100 per month as they did in 2019. In September and October, we also noticed that 52% of people were able to increase their savings.
Here are a few resources to help you along your savings journey:
- 5 Social Strategies to Help you Save
- Determining a “Want” and a “Need”
- 6 Easy Steps to Set a Budget that You’ll Actually Stick To
Tim Lucas is SaverLife’s Director of Research. He is responsible for measuring the impact of SaverLife; collaborating with the financial health community to test new ways to encourage savings; and delivering insights that advance knowledge around financial health.