Lack of an emergency saving fund can be detrimental to yourself or families financial future. It creates stress and instability in your household, and marriages. Let’s start 2020 off right and get prepared for financial stability by prioritizing saving.
According to the Wall Street Journal, employees who have financial concerns are less productive, more likely to have accidents on the job, or fall ill due to financial stress. Employers are moving to incentivize employees and assist in starting emergency saving funds. This will help employees to get their financial situations in order and have better stability when retiring.
SaveAndProsper Participants will start a SafetyNet Fund. This proposal is to encourage you to build an emergency fund.
- Participants must make incremental deposits into a savings account. There is no minimum dollar amount, but the deposits must be made monthly.
- You can withdraw money from your savings account in case your family has an emergency. In order to qualify for the incentive, deposits must be made monthly and reach $1200.00 Lump sums of money added to your account, every few months will not be considered and only count as one monthly saving deposit.
- The goal is for you to reach a savings amount of $1200.00
- Reach the savings goal of $1200.00 and maintain that balance for 90 days (3 Months)
- SaveAndProsper will match your savings with $600.00 added to your savings account!
Saving $1200.00 is all that you need to do to EARN the incentive!