America Saves Week 2022: Building Financial Resilience
February 21st - 25th, 2022
Join Cornell Cooperative Extension of Yates County as we celebrate another America Saves Week, this year on February 21-25 with a theme of Building Financial Resilience. Over the past two years, we’ve all experienced some significant setbacks. Currently, most everyday Americans, particularly low-to-moderate income earners, are focused on recovering from the economic effects of the pandemic.
Being financially resilient is more than having access to money; it includes being conscious of your own financial landscape, being aware of available resources, and being willing to seek out and take advantage of opportunities that will support and increase your financial wellness.
Each day during America Saves Week we will concentrate on one of five critical areas of financial wellness. These five areas are:
Save Automatically | Monday, February 21, 2022
“Saving is a habit, not a destination.” This is a core belief of America Saves, a simple message that we want everyone to embrace. On this day we’ll collectively encourage and share the following message:
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 funds” are commonly used, both presume that emergencies are bad — and that’s not entirely true. On this day we’ll encourage individuals to instead shift from saving for emergencies to saving for opportunities! To do this we’ll elevate the following messages:
Save For Retirement | Wednesday, February 23, 2022
When listening to our Savers express why they haven’t saved for retirement, a resounding consensus is that with all the competing financial priorities they face in the present, it’s difficult to save for the future.
To that, we say, “Your future self will thank you.”
On this day we’ll candidly address:
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, saving money on interest and fees, and gaining more disposable or discretionary income to allocate as you see fit.
On this day we’ll share strategies and tips that:
Save as a Family | Friday, February 25, 2022
Your community has spent the last several days laying its own foundation to become financially resilient. While this is just the beginning, one critical component of creating a more financially stable economy is to ensure the young people in our lives are equipped with the tools and building blocks of personal finance.
Financial resilience cannot be achieved without information, resources, and discussion paired with action. On this day we’ll focus on the lessons to instill in our youth that lead to financially confident adults, including:
Last updated February 17, 2022