America Saves

We motivate, encourage, and support American households to save money, reduce debt & build wealth through no-shame savings tips and strategies.

[America Saves @AmericaSaves]

Building wealth isn’t just about increasing your income; it’s about making the most of the money you have. Discover how small steps today can help you prepare for long-term financial security in today's blog post, made in partnership with @Zelle. https://t.co/HomLW6tucF

[America Saves @AmericaSaves]

Check fraud may seem like an old problem, but today’s scams can take many forms. In our newest podcast episode, we talk about common warning signs, simple ways to protect your money, and what to do if you think you’ve been targeted.   

Listen today: https://t.co/QlxZBjuvBa

[America Saves @AmericaSaves]

Time for another #FeatureFriday, featuring a tip to help you #savemoney! 

Save money without sacrificing your lifestyle. Take small steps to reduce your dining budget. Start off with reducing the amount you eat out by just once per month.

[America Saves @AmericaSaves]

Fraud can feel overwhelming, but knowing what to do next can help.  

If check fraud happens, taking quick action can make a big difference. Learn what to do next in this week's blog post. https://t.co/AQKo7N0LdN

[America Saves @AmericaSaves]

Like many people, Austin wanted to feel more financially secure and less stressed. His biggest concern was being unprepared for unexpected expenses. 

Discover how starting small led to major progress in Austin's savings journey: https://t.co/O5Tf0JFBmF

[MECU Credit Union @MECUcreditunion]

A few minutes each week can help protect your money. Review your account. Set up alerts. Monitor cleared checks. Simple habits can help you catch suspicious activity earlier; learn more from @AmericaSaves.

[Happy State Bank @HappyStateBank]

Catching fraud early can help reduce the damage.

Read this week’s blog from @AmericaSaves: https://t.co/kBpRdzNjrm

Information is educational in nature and is not a solicitation of business for Happy State Bank, a division of Centennial Bank. Member FDIC.

[Centennial Bank @MY100BANK]

Catching fraud early can help reduce the damage.

Read this week’s blog from @AmericaSaves: https://t.co/QpxLmflBym

Information is educational in nature and is not a solicitation of business for Centennial Bank. Member FDIC.

[America Saves @AmericaSaves]

Time for another #FeatureFriday, featuring a tip to help you #savemoney! 

 Brown bag your lunch. If buying lunch at work costs $5, but making lunch at home costs only $2.50, then in a year, you could afford to create a $500 emergency fund and still have money left over.

[America Saves @AmericaSaves]

A10: Avoid borrowing more than you need, focusing only on the monthly payment, skipping comparison shopping or overlooking fees. After borrowing, pay on time, monitor your balance and remember: borrowed money isn't extra spending money. #creditchat #americasaves

[Experian @Experian]

Q10. What are some common personal loan mistakes borrowers should avoid before and after taking out a loan? #CreditChat

[America Saves @AmericaSaves]

A9: Before signing, understand late fees, credit reporting, prepayment penalties, payment rules and whether the rate can change. If you don't understand a term, ask questions before signing (not after). #creditchat #americasaves

[America Saves @AmericaSaves]

A8: Compare the APR, fees, promotional period and what happens after it ends. Ask: Can I pay off the balance during the promo? A personal loan offers a set repayment schedule; a balance transfer may offer temporary lower rates. #creditchat #americasaves

[Experian @Experian]

Q8. What questions should consumers ask themselves when deciding between a personal loan and a balance transfer credit card to manage existing debt? #CreditChat

[America Saves @AmericaSaves]

A7: Consider what payment fits comfortably in your Spending & Savings Plan and the total interest you'll pay. Longer terms can lower monthly payments but often cost more overall. Shorter terms may save interest but mean higher payments. #creditchat #americasaves

[Experian @Experian]

Q7. What factors should borrowers consider when selecting a personal loan repayment term? #CreditChat

[America Saves @AmericaSaves]

A6: Each payment generally goes toward interest and reducing the principal you borrowed. Early payments may include more interest; over time, more goes toward principal. Understanding this helps you see your progress and total cost. #creditchat #americasaves

[Experian @Experian]

Q6. What should borrowers understand about how their monthly payments are applied over the life of a personal loan? #CreditChat

[America Saves @AmericaSaves]

A5: Look beyond the monthly payment. Compare APR, interest rate, fees, repayment term, total amount repaid and any prepayment penalties. Two loans can have similar payments but very different total costs. #creditchat #americasaves

[Experian @Experian]

Q5. When comparing personal loan offers, which costs or terms deserve the closest attention and why? #CreditChat

[America Saves @AmericaSaves]

A4: Lenders typically consider your credit history, income, existing debt and ability to repay. Before applying, get a clear view of your financial picture so you know what payment you can realistically afford. #creditchat #americasaves

[Experian @Experian]

Q4. What aspects of a borrower’s financial profile tend to have the biggest impact on loan approval? #CreditChat

[America Saves @AmericaSaves]

A3: A secured loan uses an asset as collateral; an unsecured loan doesn't. Secured loans may offer lower rates, but you risk losing the asset if you can't repay. Know what you're putting at risk before signing. #creditchat #americasaves

[Experian @Experian]

Q3. What's the difference between a secured and unsecured personal loan, and how would you advise borrowers to think about the tradeoffs? #CreditChat

[America Saves @AmericaSaves]

A2: A personal loan may help with a necessary expense, unexpected cost, or consolidating higher-interest debt. Before borrowing, ask: Will this help my financial goals, and can I comfortably manage the payment? #creditchat #americasaves

[Experian @Experian]

Q2. What are some reasons someone might consider a personal loan? #CreditChat

[America Saves @AmericaSaves]

A1: A personal loan lets you borrow a set amount and repay it over time, usually with fixed payments. It may make sense for a defined expense or debt consolidation but compare the APR, fees and total repayment cost with other options first. #creditchat #americasaves

[Experian @Experian]

Q1. What is a personal loan, and when does it make the most sense compared with other borrowing options? #CreditChat

[Experian @Experian]

Whether you're considering a personal loan or simply want to better understand how they work, join us today at 3 p.m. ET for #CreditChat. We'll discuss borrowing options, loan approval, costs and terms, repayment, and common personal loan mistakes. https://t.co/Q4kzomD7rF #CreditChat