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THEME: BUILDING FINANCIAL RESILIENCE

2022 DAILY THEMES

At a Glance

  • Save Automatically | Monday, February 21, 2022
  • Save For The Unexpected | Tuesday, February 22, 2022
  • Save For Retirement | Wednesday, February 23, 2022
  • Save By Reducing Debt | Thursday, February 24, 2022
  • Save as a Family | Friday, February 25, 2022

Resources

Save Automatically | Monday, February 21, 2022

“Savings is a habit, not a destination.”

The easiest way to make a saving a habit is through setting-up automatic transfers to your savings account and the best option is to have the transfer happen on payday.

Paying yourself first ensures there is enough from your paycheck to put towards your savings goal. Treat yourself like a monthly bill. It is a must!

Save For The Unexpected | Tuesday, February 22, 2022

For years we’ve been warned to save for the emergency that’s just around the corner. While the phrases ’emergency savings’ and ‘rainy day funs’ are commonly used, both presume that emergencies are bad- and that’s not entirely true. Shift from saving for emergencies to saving for opportunities.

  • ‘The unexpected’ can be an emergency, but it can also be something fun and positive.
  • Create an opportunity fund so that you don’t have to miss out on the special moments, events, and things that mean a lot to you.
  • Savings is cyclical. While you’re building savings, you will spend it. You can release any shame around dipping into your savings account when you’ve set up automatic savings.
Save For Retirement | Wednesday, February 23, 2022

“Your future self will thank you.”

Saving for retirement can seem daunting and not a primary priority in our present lives. But it should be! There are many different options when it comes to retirement savings. No matter your age or current retirement situation, it is never too late and there is always a plan to help you achieve your goals!

Save By Reducing Debt | Thursday, February 24, 2022

An important part of building financial resilience is reducing the amount of debt you are carrying. As you pay down debt there are natural benefits, including increasing your credit score, savings money on interest and fees, and gaining more disposable or discretionary income to allocate as your see fit.

It is important to understand how debt and paying it off can impact your credit score resulting in other ways you could be saving money.

Save as a Family | Friday, February 25, 2022

Saving as a family offers many benefits, the most impactful one is instilling in our youth the importance of financial literacy so they can be financially confident adults.

Teach the kids in your like to think like a saver from a young age. Make sure to have age appropriate money conversations and help them understand the building blocks of financial stability.