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…

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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…

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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…

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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…

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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…

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9 Smart Ways to Spend Your Tax Refund

NerdWallet lists 9 smart ways to spend your refund, including one way to save it: SaveYourRefund.

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Senators reintroduce SAVINGS Act of 2017

Senator Patty Murray (D-WA) and Senator Susan Collins (R-ME) today reintroduced the Save Access to a Valuable Investment Needed to Generate Savings (SAVINGS) Act of 2017, legislation that would preserve the Tax Time Savings Bond…

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Ways to Save (and Not Spend) Your Tax Refund

New York Times talks to Commonwealth about how tax filers can save their refund.

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Preparing for Minimum Wage Hikes

At Commonwealth, we're exploring whether the upcoming minimum wage increase that will impact 13 million employees can be used as an opportunity to encourage employees to start saving and build financial security.…

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Using Rules of Thumb to Promote Better Financial Decisions

You’ve probably heard that “an apple a day keeps the doctor away,” but why are there are so few simple, effective messages about your finances? Credit unions can build a better relationship with their members by…

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Ford Foundation Features Work of Commonwealth

The Ford Foundation published a guest post on their blog, written by Commonwealth Executive Director Timothy Flacke, about the launch of Prize Savings, the first nationwide Prize-Linked Savings (PLS) product on a prepaid card designed…

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Building Commonwealth in 2017

At the start of a new administration, we are surrounded by change and uncertainty, with more to come. Much of this change is threatening - to our mission, to the people we aim to support, and to our values. Some things, however,…

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Walmart program: Stash cash in savings account, win prizes

With the help of Commonwealth, Walmart and Green Dot have launched the first national Prize-Linked Savings program, via USA Today.

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Prize Savings Brings Prize-Linked Savings Nationwide

Walmart and Green Dot in partnership with Commonwealth today announced the introduction of “Prize Savings,” a Prize-Linked Savings (PLS) incentive program available to the millions of Walmart MoneyCard-holders.…

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Commonwealth Launches New Financial Entertainment Site

Commonwealth has launched a new website for Financial Entertainment, a suite of online and mobile financial education video games that teach users concepts including retirement, budgeting, debt repayment, savings, and more. While the…

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Prize-Linked Savings Available Nationwide

Prize Savings, a Prize-Linked Savings (PLS) feature of Walmart’s MoneyCard prepaid card, is now available across the country. This means millions of people nationwide now have access to a fun, engaging and rewarding way to build…

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