San Diego County Credit Union® (SDCCU®), one of Southern California’s largest locally-owned financial institutions, is committed to promoting the importance of savings to help build a foundation for overall financial security and wellness through its support of America Saves Week, February 21-25, 2022. On Wednesday, February 23, SDCCU will present three educational webinars focused on saving at various stages of life as part of Financial Wellness Wednesdays. The first webinar at 9 a.m. is Simple Ways to Slash Spending, at noon is Millennial’s Guide to Saving, and 3 p.m. is 10 Steps to Financial Freedom presented in Spanish.
“We are pleased to do our part to help educate the community on how to increase their savings by starting small and saving up,” said Teresa Campbell, SDCCU president and CEO. “Creating consistent saving habits, no matter how small you start, can make a big difference. The community is encouraged to take advantage of these resources to help create their financial plan, the first step in building the foundation for a successful financial future.”
According to the Consumer Financial Protection Bureau (CFPB), “40 percent of Americans could not cover even a $1,000 emergency expense out of their own liquid savings.” This is one of the reasons the CFPB started the Start Small, Save Up initiative to help consumers build a basic savings cushion and a better saving habit for a more secure financial future. Through this initiative, consumers are encouraged to create, maintain and grow emergency savings accounts.
The webinar series focused on saving is part of Financial Wellness Wednesdays, an ongoing program hosted by SDCCU to help provide the community access to free financial wellness information. Upcoming topics, dates and times can be found at sdccu.com/fww. For additional saving tips and resources visit sdccu.com/blog.