Vermont coalition kicks off year of savings
News Release — Capstone Community Action
March 2, 2018
Laura Koes, Americorps VISTA
Capstone Community Action
Barre, VT – As part of the nationwide initiative America Saves, Vermont is kicking off a fiscally focused year with “Vermont Saves Week,” scheduled for February 26 through March 3, 2018, and urging Vermonters to encourage people to make savings automatic.
Vermont Saves is a tool that helps people hold themselves accountable to their savings goals and receive free professional advice from online resources. Vermonters are encouraged to pledge to save online at vermontsaves.org to receive weekly savings advice tailored specifically to their savings goals.
Two coalition members from VSECU, a credit union for everyone who lives or works in Vermont, and Capstone Community Action appeared on MyChamplainValley.com to kick off the campaign and encourage Vermonters to save. In addition, Governor Phil Scott officially proclaimed Feb. 26-March 3, 2018 “Vermont Saves Week” in support of strengthening Vermonters’ financial capability and economic stability.
“Vermonters must make daily decisions about their money within an increasingly complex financial world,” said State Treasurer Beth Pearce. “It’s important they have access to the latest information on how to save for long-term goals like retirement, how best to manage debt, and how to create effective spending plans. My office is pleased to partner with Vermont Saves to provide Vermonters with the resources they need to achieve a lifetime of opportunity and financial well-being.”
Vermonters are encouraged to work with Capstone and CVOEO to develop savings goals, and put those goals into practice with savings accounts and other options available at VSECU.
“I have made saving a priority,” said one client after working with CVOEO to gain savings tools. “I make a monthly budget and stick to it. I live a frugal life and have exceeded my savings goal. I am on SSDI and will soon be 60 years old. My goal is to buy property in Vermont.” America Saves operates in partnership with the America Savings Education Council. The Week serves as a kick-off for organizations to promote good savings behavior year-round and provides a chance for individuals to assess their own saving status.
Learn more at https://americasaves.org/local-campaigns/vermont-saves.