Smart Savings Tips

Cuban, Zuckerberg, Sorkin and Company Build Financial Literacy Awareness with #MySavingsTip

gearcoinIn an effort to build awareness around financial literacy, the Council for Economic Education (CEE) kicked-off a month-long financial literacy initiative with the help of Mark Cuban, Randi Zuckerberg, Andrew Ross Sorkin and many others. This campaign known simply as “My Savings Tips” works to raise the awareness of personal savings, personal finance and general economic education around the country.

The #MySavingsTip campaign is currently running across various social media platforms throughout April. Follow the campaign via Twitter or Facebook, or make your own difference by using the hashtag #MySavingsTip!

Here are some savings tips from Bank employees:

“A good way to start saving is by eliminating a simple purchase per week, like a coffee. Savings on a ‘coffee’ per week can lead to big savings over the course of a year.”
– Sheila Content, Branch Manager, AITE Branch

“Pay yourself first – when you get a paycheck, pay yourself by immediately depositing a portion of it into a savings account.”
– Mark Rosenbloom, VP, Cash Management Services Manager

“Hindsight is always 20-20. Don’t let savings be something you wish you had, start building your savings today.”
– Chris Strauss, VP, Risk & Credit Division

“Change your mindset – when you see your paycheck your first question should be, ‘how much can I save?’ instead of ‘how much can I spend?’”
– Prasanta Nath, Assistant Branch Manager, Prospect St. Branch

“Easiest way to save – set-up your account so that a percentage of your paycheck is automatically deducted and placed in a savings account before you even get your paycheck. If it’s not there, you won’t miss it!”
– Debbie Anderson, VP, Mortgage Lending Operations

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