Living Greater

If you ask most people how much money they have, they’ll likely tell you the current balance of their checking account. It’s fundamental to each person’s finances. Along with a savings account, a checking account is one of the cornerstones of how you manage your money. That’s why choosing the right type of checking product can greatly improve your financial health and satisfaction.

It’s crucial to protect your identity right now, as many criminals and scam artists see COVID-19 as an opportunity to prey on Americans—especially seniors. According to data from the Federal Trade Commission, Americans have lost $145 million to fraud related to COVID-19. Since the beginning of 2020, consumers have filed more than 205,000 reports of fraud linked to the coronavirus, according to the FTC.

In less than 10 months, almost 1,000 Greater Nevada members have taken the leap and invested in themselves by creating good savings habits. This is especially encouraging given the statistics regarding the number of Americans who haven't been able to save money for an emergency. About 78% of American workers live paycheck-to-paycheck, more than half of U.S. households don't have an emergency savings fund, and 40% would struggle to cope with a $400 unexpected expense.

Amid all the other crises of 2020—a global pandemic, the largest wildfire season recorded in California history, murder hornets (remember those?)—many people are also experiencing their own financial emergency. Some have lost their jobs due to the COVID-19 pandemic or seen a dramatic dip in their hours and pay. Others have watched their retirement savings fluctuate due to market conditions. For some small business owners, the one-two-punch of state-wide closures and the threat of the coronavirus has led to an almost 27% dip in revenue.

As we all respond and adapt to the massive changes brought by COVID-19, it’s vital to recognize how crucial the role rural businesses play in the recovery of our national economy. When a global health crisis disrupts America’s rural economies and communities, the ripple effects can impact supply chains of essential services and products. Without the food, transportation, manufacturing, and energy that America’s rural businesses produce, people in metropolitan areas suffer needlessly.

Take Control of Your Finances and Reach Your Goals

In times of uncertainty, even the smallest financial problems can seem overwhelming. Whether you're looking to improve your credit, are exploring refinancing options, or want to buy your first home, understanding your finances and maintaining sound financial health will help you reach both your personal and financial goals.

Cybercriminals are counting on us to be distracted and let our guard down during these times of uncertainty. If we do, they can trick us into handing over our personal or financial information using one of their favorite tactics – phishing.

We are living in uncertain times, but Greater Nevada is here to help all Nevadans navigate through them.

The Benefits of Establishing Healthy Savings Habits at a Young Age

How much money do you have saved for unexpected expenses? (Don't worry, we won't judge.)