Lifestyle Trends & Tips, Smart Savings Tips

America Saves Week

MoneyBag iconAmerica Saves Week was established in 2007 by America Saves and the American Savings Education Council in an effort to promote personal savings throughout America and to change people’s behavior when it comes to saving money. AmericaSavesWeek.org uncovered some startling statistics from the 2016 Annual America Saves Week survey:

  • Just two out of every five U.S. households report good or excellent progress in meeting their savings goals
  • 52 percent are saving enough for retirement at a desirable standard of living
  • Only 43 percent have automatic savings outside of work
  • More men (74 percent) report savings progress than women (67 percent)
  • Those with a savings plan with specific goals (55 percent) are making more savings progress than those without a plan (23 percent)

At First County Bank we have many initiatives and programs to help promote savings. From our most basic savings account to comprehensive retirement strategies, we have the people in place to help you achieve the results you want when it comes to savings.

Smart Savings Tips

Marianne’s Savings Tip

We asked our customers and community to share their “Smart Savings Tips” – and you answered with some amazing ideas, including this one:

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Start putting away surplus money you have in a tax-free municipal fund and re-invest the interest you get. You will be amazed how it adds up.

Stay tuned as we share more of your Smart Savings Tips in the coming weeks and months. With your help, we can all learn to save smart.

Smart Savings Tips

Chris’ Savings Tip

We asked our customers and community to share their “Smart Savings Tips” – and you answered with some amazing ideas, including this one:

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I like to think of off season consumption as the spending version of value investing.

Stay tuned as we share more of your Smart Savings Tips in the coming weeks and months. With your help, we can all learn to save smart.

Smart Savings Tips

Arielle’s Savings Tip

We asked our customers and community to share their “Smart Savings Tips” – and you answered with some amazing ideas, including this one:

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I think a big savings tip these days is to brew your own coffee! Don’t buy from expensive chains like Dunkin.

Stay tuned as we share more of your Smart Savings Tips in the coming weeks and months. With your help, we can all learn to save smart.

Smart Savings Tips

Linda’s Savings Tips

We asked our customers and community to share their “Smart Savings Tips” – and you answered with some amazing ideas, including this one:

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I save by having a savings account labeled Escrow Savings – This account allows me to put in an amount equal to one month of real estate taxes and insurance plus a little extra. So, after one year, I have my taxes and insurance paid and with the interest a little left over for fun.

Stay tuned as we share more of your Smart Savings Tips in the coming weeks and months. With your help, we can all learn to save smart.

Smart Savings Tips

Dawn’s Savings Tip

We asked our customers and community to share their “Smart Savings Tips” – and you answered with some amazing ideas, including this one:

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I never carry cash. If I have it I spend it. If I use a card I have to justify all expenditures to my husband.

Stay tuned as we share more of your Smart Savings Tips in the coming weeks and months. With your help, we can all learn to save smart.

Smart Savings Tips

Erin’s Savings Tip

We asked our customers and community to share their “Smart Savings Tips” – and you answered with some amazing ideas, including this one:

FCB-SavingsTips Erin

It’s small, but someone once told me to put away any $5 bill you get. Like change, it adds up over time and will give you a good boost in savings, especially if you’re saving towards a specific purchase or goal, i.e. spending money on an upcoming vacation.

Stay tuned as we share more of your Smart Savings Tips in the coming weeks and months. With your help, we can all learn to save smart.

Smart Savings Tips

Nancy’s Savings Tip

We asked our customers and community to share their “Smart Savings Tips” – and you answered with some amazing ideas, including this one:

FCB-SavingsTips Nancy

My kids had FCB accounts set up in elementary school so they learned to “pay themselves first” so saving was routine! Now as young adults they all have a little nest-egg!

Stay tuned as we share more of your Smart Savings Tips in the coming weeks and months. With your help, we can all learn to save smart.

Smart Savings Tips

Leslie’s Savings Tip

We asked our customers and community to share their “Smart Savings Tips” – and you answered with some amazing ideas, including this one:

FCB-SavingsTips Leslie

I usually drink coffee at home but when I decide to treat myself I buy one coffee and then put the cost of another coffee into my savings jar at home. It usually makes me think twice about buying that first one!

Stay tuned as we share more of your Smart Savings Tips in the coming weeks and months. With your help, we can all learn to save smart.

Smart Savings Tips

Frank’s Savings Tip

We asked our customers and community to share their “Smart Savings Tips” – and you answered with some amazing ideas, including this one:

FCB-SavingsTips Frank

PAY YOURSELF FIRST! Every paycheck put aside 10% of “take home” into savings. This is in addition to any 401K plan you may contribute to. THEN, pay bills. Exception – If you have some animals charging outrageous interest rates on overdue balances, pay them.

Stay tuned as we share more of your Smart Savings Tips in the coming weeks and months. With your help, we can all learn to save smart.