Meet Erick: An Aspiring Teacher Who’s Building His Rainy Day Fund

Erick is a first-year college student living in Whittier, CA. He works full time for a major retailer and enjoys exercising and visiting with friends. He’s also studying to become a high school math teacher. “When I was younger, I didn’t really know what I wanted to do,” Erick explains. “As I kept on growing, I learned that I have a really big passion for math and helping others, so I thought ‘Why not mix them together?’”

As someone who loves numbers, it’s no surprise that Erick calculated the chances of winning when he received $1,500 from a SaverLife savings challenge. This initiative was launched by his employer, in partnership with SaverLife, to help employees improve their financial health. “I feel special about [winning] because obviously it’s like a 1 in 5,000 or 1 in 10,000 chance. It’s a small chance for just one person, [so] it felt great to win.”

The goal of the savings challenge was to encourage employees to grow their savings by $150 in 12 weeks for the chance to win grand prizes. Erick learned about the challenge through a work email, and decided to use it as an opportunity to rethink his spending habits. “[before the challenge, saving was] hard for me, because I’d spend on so many unnecessary things. My money would pretty much come and go. I’d get my paycheck, and then somehow I would only have less than half of what I originally had at first,” he describes. Erick now plans to continue building his savings by putting his winnings into an emergency fund. That way he can have the financial support he needs to address unexpected expenses.

When asked how he feels about having money set aside for unplanned costs, Erick concluded: “It feels reassuring to me because I know, with the pandemic happening, financial status is really important to a lot of people. And having that financial support brings reassurance to me and makes me feel more comfortable being able to say, ‘If I need anything, I have what I need.’”

Congratulations on your big win, Erick!

Take Charge of Your Savings
Earn rewards for creating a brighter future
Sign up to save more

Recommended Articles

What Did You Learn in 2022? SaverLife Members Share Their Key Takeaways

2022 offered many new opportunities and challenges for SaverLife members. Despite the financial obstacles that last year presented, our members navigated their savings journeys with skill, resiliency, and optimism. What did SaverLife members have to say about saving in 2022? Here are some of their key takeaways: What were some of your biggest learnings in… Read more

Catching Up With Tara: SaverLife’s First-Ever Super Saver

In December 2020, Tara won $10,000 as SaverLife’s first-ever Super Saver. We recently caught up with her to learn how she’s been since her big win. What have you been up to since winning the Super Saver prize? New Jersey was one of the first and hardest places hit by the pandemic. I received the… Read more

Meet Mabel: A Skilled Saver Who Knows How to Stretch a Dollar

Mabel is a consistent saver who takes pride in putting her paychecks away each month. “I’m honestly pretty good [at saving]” she explains, “because my mom raised me as a Mexican-Latino mom. So, she taught me the meaning of money and how you need to put it into savings.” A full-time employee for a major… Read more