What’s the difference between withdrawing from a 401k and taking out a 401k loan?
When life happens and there’s a big bill attached, we often scramble to figure out how to pay it. Ideally, an unexpected expense should be covered by your emergency savings account. If you don’t have enough savings, consider asking for a payment plan or delaying the bill until you get a tax return or bonus.…
Read MoreMeet Jonquille, a $1,000 Winner!
Jonquille lives in Florissant, Missouri with her two sons and works as a billing supervisor. Earlier this year, she pledged to save her 2018 tax refund with SaverLife, then submitted her story about what motivates her to save. We called Jonquille to surprise her with the news that she won $1,000. Check out her reaction!…
Read MoreMeet Derkisha, SaverLife’s $5,000 Grand Prize Winner
Derkisha is a SaverLife member, a nursing school student, and a mother of five. She was one of over 45,000 people who pledged to save their tax refunds with SaverLife, collectively pledging to save more than $60 million. The SaverLife team traveled to Texas to surprise Derkisha with the news that she was our Grand…
Read More2018: Thank you for a wonderful year!
Happy holidays from all of us at SaverLife! 2018 has been a big year for us. We’ve been busy creating new ways to reward you for saving and learning more about what actually helps people save. Here are just a few highlights from 2018: You won prizes for saving every week In 2018, we launched…
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…
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