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…

Read More

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…

Read More

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.

Read More

Minnesota’s WINcentive Program Continues To Show Growth

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

Read More

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…

Read More

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

Read More

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…

Read More

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…

Read More

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.

Read More

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…

Read More

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.

Read More

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…

Read More

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.

Read More

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.

Read More

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 …

Read More

9 Smart Ways to Spend Your Tax Refund

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

Read More

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 program. Since 2010, …

Read More

Ways to Save (and Not Spend) Your Tax Refund

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

Read More

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. There is a gr…

Read More

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 offering these sort…

Read More