‘America Saves Week’ Emphasizes The Value Of Putting Money Aside

Monday, February 24, 2014

The Tennessee Treasury Department’s TNStars College Savings 529 Program, University of Tennessee Extension - Tennessee Saves, Nashville Financial Empowerment Centers, United Way of Nashville and the Tennessee Department of Financial Institutions are joining forces with other local and national organizations to promote Tennessee Saves Week and America Saves Week, which is Feb. 24 through March 1 this year.

“It is important for people to realize how saving even small amounts of money can really add up over time,” State Treasurer David H. Lillard, Jr. said. “No matter how well we budget, all of us have unplanned expenses from time to time. People who make a conscious effort to save are better equipped to deal with unplanned expenses. And of course, saving can help us cover large expenses that are planned, such as buying a home or sending a child to college.”

Tennessee Saves Week and America Saves Week is an effort to promote an opportunity for consumers to make more conscientious efforts to save their money. Individuals, organizations and companies can sign up on the America Saves Week website to get helpful information about saving they can share with others.

To join Tennessee Saves Week and America Saves and start saving for your future, visit www.tennesseesaves.org or www.americasavesweek.org.

The participating partners remind consumers that saving $1,000 can be as easy as setting aside $20 per week in a savings account. By faithfully taking this step over the course of year, consumers will save $1040, plus interest, in just 52 weeks. With a larger contribution of $50 weekly, the saving amount grows to $2600, plus interest, per year.

That is money that could go towards a new house, a new car, college tuition, or even early retirement. Consumers are urged to think of areas to start building savings, such as through rolling spare change, bringing lunch to work or carpooling on the daily commute to work. These efforts can lead to a wealthier future.

Tennessee Banking Commissioner Greg Gonzales said: “One of the real foundations of a healthy banking system is a healthy consumer sector and I cannot overemphasize the importance of saving and having an informed public regarding personal finances. It is a real way that every citizen can contribute to a stronger Tennessee.”

For questions about Tennessee financial institutions, visit www.tn.gov/tdfi.  For information about the TNStars College Savings 529 Program, visit www.tnstars.com.


GDOL To Co-Sponsor Career Expo At Ringgold High School Wednesday

The Georgia Department of Labor, the Catoosa County Chamber of Commerce, and Ringgold’s Downtown Development Authority will co-sponsor a career expo Wednesday at Ringgold High School. The expo will be held from 10 a.m. to 2 p.m. in the gymnasium and will feature more than 50 employers looking to fill vacant positions in a wide range of fields, including manufacturing, truck ... (click for more)

GDOL To Host Job Training Recruitment In Dalton Aug. 5

The Georgia Department of Labor will host a special recruitment for job seekers who qualify for OJT, a federal on-the-job training program to help get unemployed workers back into the labor force. The recruitment will be held Tuesday, Aug. 5, from 9 a.m. to 1 p.m. at the Dalton Career Center, 1460 Chattanooga Ave. The OJT program was established by the U.S. Department of Labor ... (click for more)

Erlanger Health System Projecting $10.8 Million Profit - With Help From $19 Million In Federal Funds

Erlanger Health System is projecting a $10.8 million profit for the upcoming fiscal year - with the help of $19 million in federal funds from a pool for public hospitals. The $19 million received in time for the current budget helped avoid a sizable deficit. The hospital is hoping the federal funds will be coming on an annual basis. At the start of the last fiscal year, ... (click for more)

History Center Gets $400,000 Grant From National Endowment For The Humanities

The National Endowment for the Humanities has awarded grants totaling more than $800,000 to three Tennessee projects that aim to display and preserve historical materials. Winning grants Monday included the Chattanooga History Center, which will get $400,000 to install a permanent, multimedia exhibit on the history of Chattanooga. The University of Tennessee-Knoxville will ... (click for more)

I'm Number One In A Round About Way

Roundabouts have been popping up all over Chattanooga over the past few years and for the most part have been successful.  Unfortunately there are some who just don’t get it as I have found out the hard way.    My latest instance was last week when a young woman on her cell phone almost t-boned me as she flew into the roundabout without yielding.  A near miss ... (click for more)

Roy Exum: Judge Philyaw Is The Best

Tomorrow morning there will be a special gathering at the Hamilton County Juvenile Court that will prove to our community that we have perhaps the most innovative juvenile judge in America. Shortly after Rob Philyaw was hand-picked by our Hamilton County Commissioners to fill the remainder of Suzanne Bailey’s term 15 months ago, he found that truancy was a big problem in our schools. ... (click for more)