October 12 is National Savings Day. A time to encourage everyone to consider their saving (and spending!) habits. According to Time, 60% of adults live paycheck to paycheck and in 2020 the Federal Reserve reported that only 64% of Americans had enough money on hand to cover a $400 emergency. Saving money is challenging, but it can be crucial to help meet life goals and to be ready when unforeseen situations happen. Even saving small amounts each month can amount to big outcomes over time. And special accounts for health related expenses (like FSAs, and HSAs,) can be crucial to support a healthy life.
As we raise awareness of National Savings Day, we want to shine a light on our partners at Umpqua Bank. Since Umpqua Bank opened their doors back in 1953, they’ve grown a lot (with multiple locations now), but their values of supporting communities have stayed strong.
At Umpqua Bank, they believe in a shared responsibility to make this world a better place, starting with how they help neighbors thrive every day. They exhibit these principals by being one of Unity Care NW’s Health Care Champion Sponsors, and giving back to the communities they serve. Recently the Umpqua Bank Charitable Foundation awarded community grants to 54 nonprofits. Recipient organizations were selected based on a shared commitment in improving economic success for under-resourced individuals, families, and small businesses.
In addition to supporting Unity Care NW and many other non-profits, Umpqua Bank also provides information and resources on their website. So today on National Savings Day check out their suggestions on 5 ways to strengthen finances. Thanks for all you do for so many communities Umpqua Bank and thank you for being one of our amazing Health Care Champion Sponsors!