How would you like to get paid to save your own money? I’m serious. There’s an organization whose sole purpose is to help people create their own financial security.
“Families with savings of $250 to $749 are less likely to be evicted, miss a payment, or receive public benefits.”
Earn is a non-profit that’s been helping working families and people on assistance for almost a decade. Their program, SaverLife will pay you $10 for a minimum of $20 saved per month. You get the cash deposited directly into your bank account after 6 months. You have the option to save more money, but you’d still only get $10/month. So by the end of the program, you’ll have at least $180 to get you started on your committed saver lifestyle.
They know that living from pay check to pay check is not only stressful, but it keeps people in an endless cycle of poverty.
Thanks to my Major Depression, I’ve been evicted… twice. Having a prolonged episode is like having a protracted illness. It eats up your savings and puts you into huge amounts of debt. Problem is, unlike some medical expenses, you can’t write off being catatonic come tax time. “Dear IRS, I couldn’t leave my house for a month, so can you deduct all that credit card debt I ran up to keep a roof over my head? ‘Kay, thanks!”
I’ve come to the realization that to forestall something like that ever happening again, I need to work on saving a cushion of three months rent minimum. That’s on top of the three months security requirement. I know $20 a month is just a tiny drop in a very large bucket, but stumbling from one financial emergency to another is just no way to live.
SaverLife has a limited set of funding, so go see if you qualify sooner rather than later. All you need is meet their income requirements, have an online bank account, and at least 20 bucks a month to save. They are truly doing God’s work. Here’s to creating a financial cushion and breaking the cycle!