What does saving mean to you?

At SaverLife, we talk a lot about how important it is to save. But defining what it means to save is surprisingly difficult! Consider this scenario: You transfer $5 from your checking to savings account every week all year. At the end of the year, your car needs some repairs. You withdraw all the money…

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What is a financial health score?

Congrats on taking this step in your SaverLife journey! Your score is on a scale of 1 to 100. Here is how to read it: 0-39: You might feel like one financial emergency, like a blown tire or unexpected medical bill, would set you back for months. It’s hard to devote time and resources to…

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How 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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How a Dedicated Savings Account Can Help You Save

It may seem obvious, but it’s easier to save money in a savings account! When you sign up for SaverLife, you have the option to link either a checking or savings account. But if you read the fine print, you may notice that we suggest using a savings account. Here’s why: our research shows that…

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Do ups and downs in income make it hard for you to save?

Last month, our research showed that 70% of SaverLife Savers experience ups and downs in income. These fluctuations can make it harder to budget and save. After all, how can you plan for your financial goals when you don’t know how your income will change every month? We were shocked to learn how frequent and…

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How do you deal with ups and downs in income?

It’s in the news all the time: a record number of Americans have incomes that go up and down throughout the year. Some of these people work in the “gig economy,” driving for rideshare services like Lyft and Uber; some work seasonal construction jobs; and some perform childcare or freelance work when they can get it.…

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Who are SaverLife members?

SaverLife is a free savings program run by nonprofit organization EARN. Since 2017, over 90,000 people across the country have joined SaverLife – maybe you’re one of them! Here are a few facts about your fellow Savers: SaverLife members hail from all 50 states. From the Pacific to the Atlantic, and everywhere in between, your…

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