Colleen C. Davis
State Treasurer

America Saves Week in Delaware 2024

America Saves Week logo


It’s America Saves Week!


Each year we encourage people to pause and do a financial check-in, and this year is no different. Get a clear view of where your finances are, where you want them to be, and what small steps you can take to put you on a path forward. This year’s theme is “Saving for What Matters Most.”



It’s important to remember that it’s never too early or too late to start saving effectively. Day 5 is about saving at any age.

Saving at Any Age graphic

You’ve gained valuable insights this week, and the next step is to share those learnings and check-in with your loved ones. Talking about money has been considered taboo for too long, but this mindset could be doing us a disservice. After all, it’s not what you say but how you say it.

  • Talk to family members, whether it be your own kids to older generations, about your money story and goals, including retirement plans, the importance of saving, and responsibly using credit
  • If you haven’t, open up a savings account that correlates with what matters most to you right now

Day 4 – We want to remind you that paying down your debt is an essential component of savings.

LOgo for Day four of America Saves Week and the daily theme of "Paying Down Debt"

Just like having a plan for saving is important, so is having a plan to pay down your debt. Recent reports show that individuals have increased their usage of credit cards due to the ongoing inflation and rising costs of our basic needs like housing, food, and transportation. Couple that with the interest rates increase, and the ability to pay down debt is exacerbating the savings crisis.

Today is day 3 of America Saves Week and we’re focusing on saving for major life milestones while not abandoning your other financial needs or wants.

Picture showing family with text "Saving for Major Milestones."

With the current economy, it’s no doubt that setting aside funds for major life events can be challenging. Today we want you to recognize that your current situation will determine when and how you are able to start saving.

  • Get a clear view of your financial landscape
  • Establish or revisit your Spending and Savings Plan
  • Learn a practical approach to saving for short, mid, and long-term financial goals

On Day Two of America Saves Week, we want you to embrace establishing an emergency fund, along with shifting the narrative around emergency savings.

Saving for the Unexpected

What is the most important thing that you could be saving for right now? It may be for a new home, a car, to take a special someone out on a date, or even to be able to pay off your medical bills. No matter what your answer is, it’s completely valid.

Now that you’ve identified your savings goal, consider this: the best way to reach that goal, protect it, and achieve it is to ensure that you’re prepared for the unexpected.

  • Begin to understand your Money Story and Money Values
  • Identify your savings goals
  • Use automatic savings to begin or grow your emergency savings accounts

Day One of America Saves Week by focusing on the easiest and most effective way to save — AUTOMATICALLY.

Graphic showing a man and woman smiling and drinking coffee. The words saving automatically cross the picture.

Sometimes the smallest things have the greatest impact— like building the habit of saving, even if it’s just a little bit at a time. In fact, saving is a habit, not a destination!

  • Set up automatic savings, either through your employer or financial institution
  • Revisit the amount you contribute, if you have already established automatic savings
  • Assess whether you have the best possible account for your savings and consider switching to a high-yield savings account to get the most out of savings


Members of the Delaware General Assembly support our efforts to promote saving and financial literacy.

Click here to read Senate Concurrent Resolution 134 declaring the week of April 8, 2024 “Delaware Saves Week.” 


In addition to daily tips during America Saves Week, our office works to help Delawareans save year-round, and offers unique savings opportunities for everyone.


DE529 Education Savings Plan logo


The DE529 Education Savings Plan provides tax-advantaged accounts designed to help parents, grandparents and others pay for higher education expenses. Contributions can be invested in portfolios tailored to a child’s age or the investor’s ability to identify an asset allocation strategy. Withdrawals can be used for qualified expenses at any accredited college nationwide and many international institutions. Visit to learn more.


Logo for Delaware ABLE Program


The State of Delaware offers a low cost 529(a) savings plan – DEPENDABLE – that allows individuals with disabilities and their families to save for a broad range of expenses on a tax-advantaged basis without jeopardizing their benefits from state and federal programs. Eligible individuals can open an account for themselves, or an authorized individual can open an account on their behalf. Learn more at



DEFER is the voluntary retirement program (457b, 403b and 401a savings plans) available to most State of Delaware employees including employees of the Legislature, Judicial, and Higher Education Institutions. Participation in the deferred compensation plan is a critical component of a balanced plan for retirement alongside Social Security, pension, and personal savings. Click here to learn more about DEFER.


Delaware EARNS Logo


Delaware EARNS is a program designed to provide workers and employers access to low-cost retirement savings plans. It is a “secure choice” program that amounts to State-facilitated, universally available retirement savings plans, providing a convenient way for all workers to save for retirement. Go to for details.