It's never too late to begin good financial habits."
Riverside, CA (Vocus/PRWEB) February 19, 2011
Springboard Nonprofit Consumer Credit Management encourages consumers all year long to take financial action through saving, debt reduction, and wealth building. “Although many believe that low- and moderate-income families cannot afford to save and build wealth, research shows that there are ‘savers’ and ‘spenders’ in all income levels,” said Melinda Opperman, Springboard’s senior vice president of community outreach and industry relations. Research shows that families that have a savings plan in place save about twice as much as those with no plan.
Springboard is proud to be one of the participating organizations behind America Saves Week, which is held the last week in February. To help encourage people to learn sound saving habits, a broad coalition of non-profit, government, military and corporate organizations formed the America Saves campaign in 2001, and subsequently began the America Saves Week (http://credit.org/blog/americasavesweek).
Research indicates that most consumers are not saving adequately for retirement, and most lower-income households do not have adequate emergency savings for unexpected expenditures like a car repair.
“It’s never too late to begin good financial habits,” said Opperman. Creating a money management plan (budget), reducing debt and building wealth is one that will pay big dividends in the end. “Put your plan in writing – something magical happens when a goal is written down. The brain starts working on solutions and you become emotionally committed,” said Opperman.
Springboard has developed useful online tools to help consumers reach their savings goal. Consumers can access the America Saves Week 2011 Hub on Credit.org for effective how-to-save-tactics, savings calculators, online courses, videos, worksheets and budget planners.
To learn more about America Saves or to test your savings knowledge visit, http://credit.org/blog/americasavesweek. If you need help putting your financial life in order, reach out to a trained and certified credit counselor. Call Springboard toll-free at 800-449-9818, or go online to http://www.credit.org.
About Springboard Nonprofit Consumer Credit Management
SPRINGBOARD® Nonprofit Consumer Credit Management is a 501(c)(3) nonprofit personal financial education and counseling organization founded in 1974. Springboard is a HUD-approved housing counseling agency and a member of the National Foundation for Credit Counseling, a national organization of nonprofit credit counseling agencies, and a member of the Association of Independent Credit Counseling Agencies. The agency offers personal financial education and assistance with credit counseling, housing counseling, debt and money management through educational programs and confidential counseling. Springboard is accredited by the Council on Accreditation, signifying the highest standards for agency governance, fiscal integrity, counselor certification and service delivery policies. The agency provides pre-bankruptcy counseling and debtor education as mandated by the bankruptcy reform law. The agency offers nationwide phone counseling services and has locations in California, Arizona, Nevada, New Mexico and Texas for in-person counseling sessions. Not all types of counseling are available in-person at all locations, please call for details. For more information on Springboard, call 800-449-9818 or visit their web site at http://www.credit.org.
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