#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 | September 30, 2014

    Participate in the Thrift Savings Plan (TSP) - a retirement savings and investment plan for Federal employees and members of the Uniformed Services. It offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans. More info at tsp.gov

Saver Stories View all »

When You Start Small, Saving is Easy

Written by Lila Quintiliani | August 12, 2019

When Attiyya first got married, she and her Marine husband had just graduated from college and were focused on paying off student loan debt. They had both attended private schools and had sizeable loans. Then three months after the wedding, the couple found out they were pregnant with their first child.

The first year of their marriage, says Attiyya, was a balancing act between paying down debt and saving for the future.

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Setting a Goal Leads to Success

Written by Super User | May 24, 2019

Growing up, Marisa’s dad had always talked about saving first, but she said she didn’t really internalize it until much later. “I was drifting along with no plan, carrying a little bit of revolving debt, saving some money here and there, but without a real plan for it.”

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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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