All Financial Education

Making the Most of America Saves Week

February 22, 2022

|Woman taking the America Saves Week pledge

Idaho Central is excited to be participating in America Saves week again this year! America Saves Week (February 21 – February 25, 2022) is an annual opportunity for individuals to assess their savings and take financial action. Each year, we encourage savers – or potential savers – just like you to set a goal, make a plan, and save automatically. So how can you make sure that you’re taking full advantage of America Saves week?

Take a Close Look at Your Finances

The first step to any great savings journey is to determine where you are at. Take some time this week to view your current finances. Do you have a great budget that you are following, or do you need to spend some time creating or fine-tuning it? Are you making the most of your loan payments, or could you be structuring them better to help save on interest and pay them down quicker? Are you saving anything at all, or is your savings account sitting empty?

Make a Clear Plan

Now that you know what your finances look like, it’s time to determine what exactly your goal and plan is. This could be anything from just saving a few dollars each week, to paying down as much of your debt as possible. Remember, paying down debt is saving! Not sure where to start? Come by any ICCU branch for a financial review. As a bonus, each branch will enter those who complete financial reviews into a drawing for $250! Simply sit down with one of our Financial Service Officers to create your plan and you’ll be entered to win!

Take the America Saves Pledge

Did you know that those with a savings plan are more likely to save for emergencies and retirement than those without one? The America Saves pledge is the framework that allows savers to set a goal and make a plan to achieve better financial stability. When you take the pledge, you can choose to receive text message tips and reminders to help you save towards your goals.

Automate it

The easiest way to save is automatically. Many people do this by adjusting their direct deposit to put a portion into savings. However, setting up automatic savings with Idaho Central has never been easier! You can use eBranch to set up automatic transfers or even open a Central Cents savings account. With Central Cents, every time you swipe your debit card, the transaction will round up to the next dollar and put those cents into your savings account!

Are you ready to start on your path to save? Or pick up where you left off? You can contact us or visit us at any of our branches to learn more. Whether you are opening a new account, getting a financial review, or setting up an even easier way to save, we can help!

If you or a child is not a member of ICCU, open a savings account this week and set up a recurring deposit, and receive $30 with a waived $5 membership fee.

We look forward to seeing you this week and saving together!