I want a FAMILY SAVINGS ACCOUNT

A Family Savings Account (FSA) is a special type of savings account for those involved in a matched savings program

Matched savings program were created to help low income individuals to meet their saving goals. There are details you need to find out to get one of these accounts, but in a few words, for every dollar you save in a FSA it will be matched 100%, dollar for dollar up to $2,000. Not a bad deal, right?

A FSA helps you save and build cash reserves. Most importantly it will give you the beginnings of a financial education. To qualify for one your income must be below 200% of the federal poverty level.

Once you succeed in getting an account you can build a cash reserve that can be used in a number of ways.  If you want to buy a home this money can be used as some or all of the down payment.  If your looking for money to start a small business you can build assets by saving in this account. Or, if you are saving to go to college or send your kids to college, you can use the account to pay for education.

To find out the details and see if you qualify for a FSA read more by clicking on the article links to the right or…..

If you would like to TALK TO A PROFESSIONAL from You Control Your  Money.org we offer free or low-cost help from caring counselors who can assist you in determining what steps to take next.

Remember….YOU CONTROL YOUR MONEY!

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