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SAVINGS & INVESTMENTS

mPOWER your Future. Reward your future self -- start saving early!

money being put into a Piggy Bank

Topics featured in this playlist: (click for more information)

2 screens from the mPOWER module, Building Emergency Savings: How much it might cost you? and WHere do you spend the most.

7 MINUTES
If you’re like most people, saving money is easier said than done. A 2016 Bankrate.com survey revealed that nearly two thirds of Americans don’t have enough money saved to cover emergency expenses like a car repair or Emergency Room visit. Life is unpredictable, so it is important to make sure you are financially prepared. Whether you already have emergency savings or are looking to start, learn how to:

  • Define the importance of Emergency Savings
  • Determine monthly take-home pay
  • Differentiate between Needs and Wants
  • Evaluate monthly expenses and opportunities to reduce costs
  • List ways to start Building Savings
  • Identify Strategies to pay off credit card debt

2 screens from the mPOWER module, Savings: Smart Savings Habits and Setting Savings Goals.

5 MINUTES
A savings account is a great tool to help you manage your money and prepare for the future. Choosing a savings account may seem simple, but it’s important to understand how one works to ensure you’re saving effectively. Our Savings course will cover how to:

  • Identify common savings account features
  • Define interest
  • Establish savings goals
  • Calculate how long it will take to reach certain savings goals
  • List common types of savings vehicles
  • Match savings goals to the appropriate savings vehicle
  • Identify steps to start saving

2 screens from the mPOWER module, Investments: Investment Options and Build a Diverse Portfolio.

5 MINUTES
Investing can be intimidating, but it doesn’t have to be! Investing can help you reach both short and long-term financial goals, putting you on a path to financial success. Learn more basic investment concepts and strategies to help you make the right decision, including:

  • Explain the concepts of basic and compounding interest
  • Identify common types of investment vehicles: Savings, Bonds, Mutual Funds, Stocks
  • Define diversification
  • Explain the relationship between risk and reward
  • Create a diversified portfolio
  • Outline steps to start investing

Get started on this playlist

Ready to Open a Savings Account?

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