America Saves Week is recognized February 26 – March 2, to raise awareness and empower you to save money and build personal wealth. The Florida Office of Financial Regulation encourages Floridians to take time to assess their finances and make savings a regular habit.
America Saves is asking individuals to take a pledge to commit to saving money on a regular basis. Take the pledge to save at americasaves.org. Below are some helpful steps to ensure success:
- Assess your finances. Review your income and expenses, noting which expenses are necessary and which aren’t. Determine an amount to save every month.
- Set a goal. When deciding on goals, be sure to include short-term goals and long-term goals. Short-term goals are helpful for more immediate purchases, like a vacation or car. Long-term goals are important for retirement planning and building wealth.
- Create an action plan. Consider how long it will take you to reach your desired goal. It’s a good strategy to increase your savings amount each year when you review your finances.
- Make savings a habit. Make a commitment to paying yourself every month, just like you would a monthly expense. Automatic withdrawals are a simple way to make saving easy.
The Florida Office of Financial Regulation offers Floridians a robust online Consumer Knowledge Center, where you can find more information on several financial topics.
