So, before you go out and become independent, super-saving, members of the Generation Y workforce, here are a few more pieces of advice on how to make the most of your savings, and help yourself save more!
- Make sure to request a student loan interest tax deduction According to William Perez at About.com, “Student loan interest is a tax deduction found in the adjustments to income section of Form 1040 or 1040A.
June 4, 2013
By Tiffany Sweat
Military Saves Intern: National Guard Project
Military Saves is pleased to announce the launch of the first National Guard Summer Savings Drive. Click here to read the full press release. The Drive will take place June 1, 2013 through June 30, 2013, to encourage Guard members and their families to take the Military Saves pledge as a commitment to save regularly.
May 24, 2013
We all know that it’s best to start saving for retirement at a young age. But what if that isn’t possible? For many, it isn’t; other financial obligations can prevent making retirement savings a priority.
By Annie Cromwell, America Saves Communications Associate
A recent Gallup Poll named “not having enough money for retirement” as the top financial concern among Americans ages 18-65+. A number of employers are offering automatic retirement-savings in an attempt to lessen these fears and make savings automatic, often suggesting that new hires contribute 3% of their pay.
March 11, 2013
By U.S. Department of the Treasury
Expecting a tax refund this year? If so, consider a convenient savings option offered by the U.S. Department of the Treasury. Taxpayers can buy paper Series I Bonds, in amounts ranging from $50 to $5,000, with their annual tax refund.