Author: Valerie Holland
Planning Unit: Jefferson County CES
Major Program: Financial Education - General
Plan of Work: Educating & Empowering Individuals and Families to Make Responsible Choices and Develop Life Skills
Outcome: Initial Outcome
Kentucky Saves is led by the University of Kentucky Cooperative Extension Service as part of the national America Saves campaign. The initiative, which culminates during Kentucky Saves Week the last week of February, encourages individuals and families to save money and build personal wealth.
Research suggests that those who write down their goals are 42% more likely to achieve them. The Kentucky Saves Pledge is a tool to help consumers visualize their goals by writing down what they’re saving for and how much they plan to save. The Jefferson County Cooperative Extension office challenged consumers to take the Kentucky Saves Pledge and make a personal commitment to save.
Jefferson County had 18 consumers who pledged to save a total of $15,440 over the next year or more. Monthly savings pledges ranged from $5 to $250. The average savings goal timeframe was 15.5 months. Participants pledged an average monthly savings of $42.22. Most (50%) pledged to put money in general savings. Others are saving for debt repayment (17%), emergency fund (11%), vacation or special event (11%), or homeownership (11%).
Sewing and handwork can bring great satisfaction to someone who makes a project. When very little co... Read More
Members of the Jefferson County Extension Homemakers Association are very diverse and capable leader... Read More
Microgreens are a new, trendy agricultural product that many people are still not familiar with. Gro... Read More
Issues: What is the situation? Who cares and why?In the year 2020, the COVID-19 pandemic created man... Read More
Gov. Andy Beshear has proclaimed Feb. 22-26, 2021 as Kentucky Saves Week, sponsored by the Kentucky ... Read More
Discussing end-of-life wishes and plans can be uncomfortable, but important. With the COVID-19 pande... Read More