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 add up 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. Today, they are the third-largest publicly traded bank on the West Coast, 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 56 local nonprofits across its footprint totaling $337,500. Recipient organizations were selected for demonstrating a shared commitment to improving economic opportunities 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 with National Savings Day in mind, check out their site to find out how to Make time for a regular financial check-up and How to get your finances under control in 6 easy steps.Thanks for all you do for so many communities Umpqua Bank and thank you for being one of our amazing Health Care Champion Sponsors!