Endless Possibilities for Growth of Prizes

Prizes continue to prove to be an effective tool for spurring positive financial actions. Prize Savings on the Walmart MoneyCard, designed in partnership with Green Dot Bank and Commonwealth, is celebrating a year of success. The program encourages s…

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FUNd My Future Expands Throughout Pittsburgh, PA Area

FUNd My Future, a Children's Savings Account (CSA) program started by Propel charter schools in Pittsburgh, is now available to students throughout Allegheny County, where Pittsburgh is located. This program aims to enable children and their…

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Innovations to Tackle College Financial Readiness

College education is one of the key drivers of financial security, and the high costs of college attendance can be a challenge for students from financially vulnerable households. Commonwealth designed and tested an innovative solution to this challe…

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Green Dot Bank Wins Economic Inclusion Award for Prize Savings

Green Dot Bank has been recognized with an Economic Inclusion Award at the American Bankers Association (ABA) Community Commitment Awards for their work on Prize Savings, a prize-linked savings feature co-designed by Commonwealth on the Walmart prepa…

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The Fun Way to Get Americans to Save More

US News article features savings products that use the power of prizes to make saving more exciting, such as Save to Win and Prize Savings.

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Commonwealth and America Saves Team up for the Sixth Year of SaveYourRefund

In the 2018 tax season, SaveYourRefund will once again offer tax filers the chance to win cash prizes for saving a portion of their tax refunds. Now in its sixth year, the SaveYourRefund campaign provides fun and exciting incentives for Americans to…

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Boston Saves Receives $35,000 National League of Cities Financial Inclusion Grant

Mayor Martin J. Walsh today announced that the National League of Cities has awarded a $35,000 grant to support the growth of Boston Saves - the City of Boston's children's savings account program - as it enters the second year…

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Community Bank’s Prize Linked Savings

A guest post by Commonwealth in ABA Bank Marketing looks at how a community bank launched its own Prize-Linked Savings product.

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Minnesota’s WINcentive Program Continues To Show Growth

CU Today provides an update on the growth of Minnesota's Prize-Linked Savings program, WINcentive.

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Who are Experts on Financial Vulnerability?

The financial challenges faced by financially vulnerable Americans continue to change as the economic, political, and social landscapes evolve at an increasingly rapid pace. We gather new key insights every time we talk with financially vulnerable pe…

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Walmart tries to make better savers out of the unbanked

NPR's Marketplace looks at what Walmart's Prize Savings might do for the financially vulnerable

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Prize Savings Wins Best Prepaid Incentive Award

Prize Savings, a Prize-Linked Savings feature on the Walmart Prepaid MoneyCard, has won the Best Prepaid Incentive Program Award at the 2017 Pay Awards. The results are the combination of votes from the expert judging panels and the aggregated result…

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The Impact of Prizes

Commonwealth’s work to use prizes to motivate saving has led to $185 million being saved, mostly by financially vulnerable people, in the last 8 years. The chance to win a prize has proven time and time again to be an effective motivator for pe…

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Why Workplace Financial Wellness Programs Are Hot

Commonwealth's Amanda Hahnel spoke at an event about how gamification and video games can help employers contribute towards worker financial wellness, as reported in Forbes.

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Commonwealth and America Saves Announce SaveYourRefund $25,000 Grand Prize Winner

Commonwealth and America Saves are thrilled to announce Ivonne Sonato-Vega of Santa Rosa, Calif. as the 2017 winner of SaveYourRefund’s $25,000 Grand Prize Photo Contest. The SaveYourRefund campaign encourages savings at tax time by offering c…

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Keep Your Eye On Wal-Mart’s Bold, Brilliant Behavioral Program

Forbes notes the potential that Walmart's Prize Savings holds for the future of banking.

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The Gamification Effect: Using Fun to Build Financial Security

Managing personal finances can be stressful, intimidating, and at times simply mystifying. What if gaining financial knowledge, building self-confidence, and taking positive financial action could be as fun and engaging as playing a video game? At Co…

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How to Trick People Into Saving Money

A feature article in The Atlantic looks at how Commonwealth, Walmart, and Green Dot use Prize-Linked Savings to trick people into saving money with the Walmart MoneyCard's Prize Savings feature.

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What to do with your tax refund: Here’s the best way to use that check from the IRS

An article from Mic lists options for how to use your tax refund, including entering SaveYourRefund.

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Blog Post: Half of All Americans Don’t Have $400 to Spare

Following the Aspen Institute Summit on Inequality & Opportunity, Commonwealth’s Executive Director Tim Flacke shared thoughts on how our work is expanding opportunity and addressing inequality. Aspen Institute has posted Tim’s piece …

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