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Put your Tax Refund to Work During America Saves Week

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First State Bank encourages you to save during America Saves Week.

Build your savings during America Saves Week.

America Saves Week is February 26-March 3

Each year during America Saves Week, many people make an extra effort to build their savings. This year, the timing couldn’t be better—America Saves Week 2018 takes place during tax season and 75 percent of tax filers are expected to receive a refund.

There are several steps you can take during tax season to help build your savings:

Step 1:  Identify and prioritize your savings goals

It’s usually best to make sure you have a rainy day fund for unexpected expenses that occur during the year. Once you have that fund, consider saving for other personal goals, like retirement or education, a well-deserved vacation, or a new home.

Step 2:  Save that refund

If you are one of the many taxpayers who receive a refund, consider putting it toward your savings goals. Even if you find it difficult to save regularly from your paycheck throughout the year, your refund is a good opportunity to build your nest egg. Consider First State Bank’s Savings and Investment Account options to help grow your savings.

Step 3:  Make saving automatic

Make saving easier by making it automatic. Keep your account number and First State Bank’s routing number (081000993) handy when you file your tax return so you can have your refund directly deposited into your First State Bank account. Carry this saving habit throughout the year by asking your employer to directly deposit a portion of your paycheck into your savings account.

In the spirit of America Saves Week, get your savings goals in order and make a commitment to save—during the tax season and beyond!

 

America Saves Week is coordinated by America Saves and the American Savings Education Council. Started in 2007, the week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. As a community bank, First State Bank is proud to be a part of this initiative.

For more information on saving strategies, visit the Consumer Financial Protection Bureau’s website.