{"id":3324,"date":"2019-09-19T17:59:59","date_gmt":"2019-09-19T17:59:59","guid":{"rendered":"https:\/\/sites.austincc.edu\/money\/?p=3324"},"modified":"2019-09-19T17:59:59","modified_gmt":"2019-09-19T17:59:59","slug":"do-you-have-enough-saved-for-a-rainy-day","status":"publish","type":"post","link":"https:\/\/students.austincc.edu\/money\/smmo-blog\/do-you-have-enough-saved-for-a-rainy-day\/","title":{"rendered":"Do you have enough SAVED for a Rainy Day?"},"content":{"rendered":"

We have all heard that we should save for a rainy day and yet the word <\/span>Savings, <\/span><\/i>is so daunting. A fellow <\/span>Peer Money Mentor<\/span><\/a> explained it in these simple terms: \u201cSavings are an invisible promise; whereas spending, is quick and tangible (Peyton Watts).\u201d Well, while it is awesome acquiring a much wanted item, it is also awesome to have money saved in case of an unexpected emergency.\u00a0 What\u2019s more awesome is that ACC has a program that helps you as a student set up a savings account and they even deposit up to $100 into the account if you follow some simple steps. This amazing program is called the <\/span>Rainy Day Savings Program<\/span><\/a>.\u00a0 Lisa and I wanted to share our personal stories of how this program helped us when we needed it the most.<\/span><\/p>\n

Krishna\u2019s Rainy Day Savings Account story-<\/span> My story is simple, I followed all the steps to get the cash incentives, up to $100. The cash was deposited directly into my account. With focused effort on my part, I was able to save $500.\u00a0 Another approach that I am taking to savings is not utilizing my federal grant money. So, this isn\u2019t easy, but I am paying for my classes out of pocket. I know what y\u2019all are thinking, why am I paying for school out of pocket when I qualify for grants?\u00a0 Well, fact is I am trying to finish my degree with as little debt as possible and unfortunately I used up part of my grants unwisely when I first started school. I have 6 academic years of federal Pell Grants available to me. My goal is to save that funding to aid me in paying for the 4-year university that I plan to attend. The Rainy Day Savings Program helped me pay for my summer classes. And now that I am back in school, I have found other ways to pay for my classes and maintain a healthy savings account.\u00a0\u00a0<\/span><\/p>\n

Lisa\u2019s Rainy Day Savings Account story-\u00a0 <\/span>I started the saving\u2019s program initially \u201cjust to get the extra cash$\u201d.\u00a0 The program requires that you complete a direct deposit to get one of the $25 deposits, so I did.\u00a0 I figured $30 a pay period was an amount, I wouldn’t notice. Before I knew it, I had saved over $700 and received all of the incentives from the program, $100 in total.\u00a0 Unfortunately, I ended up having a dental emergency that I could not financially cover. Fortunately, I was able to use the money that I saved through the Rainy Day Savings Program to get much needed dental work done.\u00a0 The Student Money Management Office\u2019s Rainy Day Savings program helped me when I was in a crunch for extra cash. I have started to save again and will continue to utilize this account for any Rainy Day that may come.<\/span><\/p>\n

Last year alone, the Rainy Day Savings Program helped 95 ACC students save over $44,000!\u00a0 So what are you waiting for? You get free money to set up something that will help you in the long run and they do all the hard work for you by getting the ball rolling. To apply for the Rainy Day Savings Program, click here<\/strong><\/a>.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

We have all heard that we should save for a rainy day and yet the word Savings, is so daunting. A fellow Peer Money Mentor explained it in these simple terms: \u201cSavings are an invisible … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":88,"featured_media":3325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-3324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smmo-blog"],"_links":{"self":[{"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/posts\/3324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/comments?post=3324"}],"version-history":[{"count":0,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/posts\/3324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/media\/3325"}],"wp:attachment":[{"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/media?parent=3324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/categories?post=3324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/students.austincc.edu\/money\/wp-json\/wp\/v2\/tags?post=3324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}