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SaverLifeSaverLife
  • Resources
    • Ask an Expert
    • Budgeting
    • Calculators and Quizzes
    • Credit
    • Debt
    • Emergencies
    • Finances 101
    • Investing
    • Retirement
    • What’s new
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  • Learn More
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  • Contact Us
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Community Resources

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  • Budgeting
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  • Credit
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  • Emergencies
  • Finances 101
  • Investing
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  • What’s new
  • Saver Stories
    • – Share Your Story
  • Videos

  • Color Your Way to Calm: A Mindful Break with a Money Twist
  • 📢Student Loan Update: What’s New and Where to Get Help
  • The 5 Best (and Worst) Times to Use a Credit Card 
  • Cash Advance Alternatives: Where to Turn When Money is Tight
  • Buy Now, Pay Later Uncovered: Members Share the Benefits and Hidden Risks

Keep It in the Family: How to Pass on Money and Assets to Family Members

By Saundra Davis
Father wearing a rolled up button up white long sleeve smiles as he does arts and crafts with his two kids at the table

Creating a plan for how you will pass on money or other assets (anything you own) is called estate planning. Many people think that if they don’t have a lot of money or assets (like homes, cars, and jewelry), they don’t have an “estate.” But the fact is we all have an estate. How you…

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How Can I Get Started with Low-Risk Investments?

By Saundra Davis

How do I begin with low risk investments? For example CD’s, money market accounts, etc. Submitted by Deirel M. First of all, way to go! Investing is all about preparing for your future and the fact that you’re clear that you want low risk is an appropriate first step. Are You Ready to Start Investing?…

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Karina’s Story: Needs Vs. Wants

By SaverLife
A black woman in sunglasses wears a lavender collared shirt while sitting outside by a tree

Meet Karina, a PhD student in Chemistry living in Columbus, Ohio with her young son. What did your upbringing teach you about finances? Sometimes we think we need things that we really don’t need. If you just wait, you realize that you really don’t need that thing. As a kid, when I asked my mom…

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Nicole’s Story: Live on Less Than You Earn

By SaverLife
A black family dressed warmly sits on the floor of a basketball court

Meet Nicole, a social worker and mother of two in Atlanta, Georgia. What do you do? Right now, I’m working in logistics, but I was a social worker for a very long time. When I got married and had my kids, I took a break from social work because it’s a very involved career. So…

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Thinking about Investing? Investment-Savvy Checklist

By Saundra Davis
Nighttime scene with a computer screen in the foreground showing the stock market performance

A lot of members tell us they’re interested in investing. Maybe you’re starting to save regularly, and you’re wondering how your money can work for you instead of sitting passively in a bank account. What Are Your Goals? Before jumping into investment strategies, start with this basic question: what is the point of investing to…

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Ready to Start Investing? 6 Tips for Avoiding Scams

By Saundra Davis
Black and white picture of Wall Street in New York City

You’ve worked hard to get where you are financially, and investing might seem like the next step. But sometimes the financial landscape (and especially the internet) is like the Wild West. Let’s go through some tips to have in mind and common pitfalls to watch out for when you start investing. Know Your “Why” With…

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What’s the difference between a bank and a credit union?

By Saundra Davis

What is the difference between a bank and a credit union? Submitted by anonymous. Banks and credit unions serve similar roles in our financial system. Both hold our deposits and make investments to raise money to lend to businesses and individuals. In general, banks are for-profit businesses. Their profits benefit their shareholders. This is one…

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