#MSW19 Savings Theme: Save for the unexpected

That day you blew a tire. The time your dishwasher overflowed. That vacation when your child got sick far from home and the doctor wouldn’t take your insurance. We all have those unexpected events in life that can lead to financial stress, but it doesn’t have to be that way.

Putting aside a few dollars a week into a savings account for unexpected costs can build financial security – and relieve a lot of anxiety! Saving for the unexpected starts with small, regularly scheduled contributions that build up over time.


Wednesday's Events and Activities

On Digital Media

Save for the Unexpected

Date: Wednesday, February 27
Time: 12:00 - 12:20 pm Eastern
Special Guest: Ann Carrns, New York Times
YouTube Channel: https://www.youtube.com/watch?v=5Y3NoeYAlRo 
New York Times personal finance writer Ann Carrns joins us for a YouTube Live event in honor of America Saves Week on Wednesday, February 27 from 12:00 to 12:20 pm EST. Each day of America Saves Week has its own theme – Wednesday’s is “Save for the Unexpected.” Hear from the New York Times’ top personal finance writer and have your questions ready! Tune in to America Saves' YouTube Channel.

Military Saves Week #CreditChat with Experian

Date: Wednesday, February 27
Time: 2:00 - 3:00 pm Eastern
Host: Experian (@Experian_US)
Guest(s): @MilitarySaves
Hashtag: #CreditChat
Topic: Managing Money When You’re on the Move 
Experian is happy to support Military Saves Week with a special tweet chat. Preview questions for the chat here!

YouTube Live and Twitter Chat with Extension Professionals

Date: Wednesday, February 27
Time: 3:00 - 4:00 pm Eastern
Host: eXtension (@moneyeXtension)
Hashtag: #eXASchat
YouTube Channel: https://www.youtube.com/watch?v=HB9Ynsl5-iQ 
Topic: Saving for the Unexpected 
Please join Extension experts from around the United States as we discuss "Saving for the Unexpected."

America Saves Week #Creditchat with Experian

Date: Wednesday, February 27
Time: 3:00 - 4:00 pm Eastern
Host: Experian (@Experian_US)
Guests: America Saves (@AmericaSaves)
Hashtag: #CreditChat
Topic: Maintaining Your Financial Health As a Couple
Experian is happy to support America Saves Week with a special tweet chat. Preview questions for the chat here!

How to Prep for an Unexpected Emergency Expense Instagram Live

Date: Wednesday, February 27
Time: 12:30 pm Pacific
Host: Popcorn Finance Podcast
Link: https://instagram.com/popcornfinancepodcast
Chris Browning, host of the Popcorn Finance podcast, and Bethany Bayless of The Money Millhouse podcast join forces for an Instagram Live to teach you how best to prepare for those unexpected emergency expenses.

 

Webinars

Get Savvy Webinar: Money in Relationships

Date: Wednesday, February 27
Time: 12:00 p.m. Central
Host(s): University of Illinois Extension 
Register: http://go.uillinois.edu/GetSavvyWebinars
Taking time to talk about how finances can impact your fun is important. Don't let the BEAST money ruin the BEAUTY of your relationship. Whether you're just dating or you've been together for years, conversations about money can be challenging. Learn ways to talk with your partner about spending, saving, traveling, education, debt, and overall money management. You must register for this free event in advance.

Resilience Starts with Financial Preparedness: Save For the Unexpected

Date: Wednesday, February 27
Time: 1:00 p.m. Eastern
Host: Federal Emergency Management Agency (FEMA) 
Register: https://icpd.adobeconnect.com/savefortheunexpectedwebinar/event/registration.html
Disasters and emergencies happen often with little or no warning – whether it is a fire in your house or a massive hurricane, the unexpected can take a toll on your financial planning. Being financially prepared helps disaster survivors to bounce back much more quickly from a disaster, yet research by the Federal Reserve shows that about 40 percent of Americans don’t have money to cover basic needs for more than three months.

Recognizing these gaps, FEMA is encouraging the entire nation to be involved in creating a culture of preparedness, which includes financial preparedness. To help us move toward that vision, we are pleased to partner with the Association for Financial Counseling & Planning Education® (AFCPE®) on direct efforts to improve financial preparedness for individuals and families.

During America Saves Week, please join the Association for Financial Counseling & Planning Education® (AFCPE®) and FEMA’s Individual and Community Preparedness Division on Wednesday, February 27th from 1:00 PM – 2:00 PM EST to learn about the importance of financial preparedness for emergencies and the best ways to prepare.

This webinar will feature Rebecca Wiggins and Sara Croymans. Rebecca Wiggins is the Executive Director of AFCPE®. Sara Croymans is an AFC® (Accredited Financial Counselor®) and Extension Educator with the University of Minnesota Extension who specializes in disaster financial preparedness. AFC® professionals utilize their knowledge, skills, and experience to help individuals and families, regardless of income level and background, to build a strong financial foundation, a foundation that is critical to helping more people be prepared to effectively respond to financial emergencies and get back on their feet faster following a disaster.

This webinar will feature the following presenters:

  • Rebecca Wiggins, Executive Director, Association for Financial Counseling & Planning Education® (AFCPE®)
  • Sara Croymans, AFC® Professional, Association for Financial Counseling & Planning Education® (AFCPE®)
  • Nisah Abdul-Sabur, Financial Preparedness Lead, Individual and Community Preparedness Division, FEMA

How to Join the Webinar:

  • Register now by using the provided link.
  • Make sure to test your Adobe Connect before the meeting.
  • This event will include captioning.
  • To learn more, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

We hope that you will join us on Wednesday, February 27!

 

Wednesday's Toolkit(s) + Resources:

Tip of the Day

  • Written by Guest Blogger | March 1, 2014

    Are you ready to set your #savings goal and make a plan to achieve it? Take the Military Saves Pledge today http://ow.ly/C7sGZ

Saver Stories View all »

Regular Savings is the Key to Success

Written by Super User | November 26, 2010

My name is Chris Strong. I joined the Air Force on 25 March, 1985. On that day, my financial life changed forever. I was introduced to saving bonds in Basic Training. Savings bonds were the big thing back then just like the Thrift Savings Plan is today. A Colonel gave us a briefing. I cannot remember his name but I can remember the 100 savings bonds he had posted to a piece of card board. He gave us a speech on the importance of saving money and how it can change your life. He inspired me to save.

Read more...

Involving Kids in Family Finances

Written by | April 19, 2019

 

One of the best lessons we can share with our kids is about money. By middle school, kids should have a good understanding of how money works as well as the importance of saving.

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Money on the Side

Written by Super User | November 26, 2010

Camp Arifjan, Kuwait -- A colonel in the 1st Theater Sustainment Command has money on his mind.

Army Col. George Fields, the Chief of Intelligence, or G2, has been teaching a free "Managing Your Money" class here in his spare time. More than 400 students have attended his six week-long class to learn more about increasing their own finances.

"All I did was sit down and listen to a guy one day who showed me what he was doing" said the colonel as he explained how he became interested in what he calls, "becoming financially free."

Read more...