Kiara’s Story: Maybe Money Can’t Buy Happiness, But It Can Buy Security
Meet Kiara, who lives in Taylor, Michigan with her 11-month-old daughter and her two young cousins. What do you do? I don’t have a job. I take care of my daughter and my two cousins because I have a kinship guardianship for them. One is my biological cousin and the other is his half-brother. Their…
Read MoreCongratulations to the Winners of the #WhatImSavingFor Contest!
Starting on October 15, 2018, we asked you to share what motivates you to save, with a picture and the hashtag #WhatImSavingFor. Over two months, more than 650 of you submitted your stories. Every time you voted on other entries, you earned a sweepstakes entry; five sweepstakes participants were randomly selected to win $100. And three…
Read MoreMy kids are 4 and 7. Is it too late to open a 529?
“My son is 7 and my daughter is 4. Is it too late to invest in 529 plan for them? What would be a better alternative to save for their college and financial future?” Submitted by Stella D. It is never too early or too late to start saving for college (or for anything, for…
Read MoreSaving for College
Graduation celebrations are all around us. I think this is a wonderful time to think about what college savings means in your life and for your family. Find your “why” As exciting as college can be, the financial burden is often high. So take some time now to think about your motivations. Are you…
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 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 MoreShould I save for my child in a custodial account or a 529 account?
Should I save for my child in a custodial account so he can use that money for whatever he chooses or should I save in a 529 account? Submitted by anonymous. Think about the goal YOU have for your child. What is the point of the savings? A 529 is a good choice for children’s…
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