January 29, 2013
By Lila Quintiliani, AFC®
Military Saves Assistant Coordinator
Communication & Outreach

Studies have shown that, regardless of income, those with a plan are more successful savers.  And we’ve written in this blog previously about how savers should definitely have a plan for their tax refund.  Well, now the nonprofit Doorway to Dreams Fund has come up with an innovative and fun way to get taxpayers to save part of their refund.   They are sponsoring the SaveYourRefund sweepstakes which gives taxpayers a chance to win while saving for their own financial future. Beginning February 1st, 2013 and running through April 15th, 2013, all tax filers over age 18 that are due a federal tax refund and save at least $50 of that refund using IRS Form 8888 can enter the sweepstakes.  The Sweepstakes will award four weekly prizes of $250 (a total of $1,000 in prizes each week) and all entrants will be eligible for a chance at winning the $25,000 Grand Prize.

IRS Form 8888 allows filers to allocate their refund to go to different accounts or toward the purchase of savings bonds for themselves, their spouse, or even as a gift for someone else.

To find out more, visit www.SaveYourRefund.com.

For more information:
Ready. Save. Buy.
Kickstart Your Savings.  Have a Plan for Your Refund.
Saving With U.S. Savings Bonds

Tip of the Day

  • Written by Guest Blogger | March 21, 2014

    Having emergency #savings may be the most important way to stay afloat financially. 5 Tips on how to start one: http://ow.ly/rswS2

Saver Stories View all »

How Smart Financial Decisions Can Create Opportunities 

Written by | November 22, 2019

Written by Stephen Ross, America Saves Program Coordinator | November 22, 2019

Of the many stories Military Saves shares, most describe how someone was in dire straits financially and worked their way out of it with the help of Military Saves. This time we want to highlight a different kind of story. This is a story about how responsible financial decisions can build on one another to create opportunities you thought only the super-rich enjoy.

Read more...

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.

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.

Read more...