Tuesday Tip: Take Free Money and Save it!

Earned Income Tax Credit
Low and moderate-income taxpayers qualify for the Earned Income Tax Credit. This refundable credit often pays more than $1,000 (sometimes more than $2,000) to those who claim it. This free money can be a huge help to tight finances or low savings accounts. Be sure to save at least half of the money!

Visit the Believe website for more information about the Earned Income Tax Credit. 

Utah Individual Development Account Program

Participate in the Utah Individual Development Account program. You attend financial education classes and set a savings goal (home, education, business). The Utah IDA Network program matches $3 for every $1 you save!  You can save up to $1,500 in your IDA account and receive up to $4,500 in math money, giving you a total of $6,000 to invest in your goal!

For more information about the IDA program, click here.

Retirement Savings - Employer Matching
Does your employer offer retirement savings through a 401(k) or 403(b)? If so, there’s a good chance that your employer offers a match on your contributions. That’s free money! And, it’s silly not to take advantage of it. To find out more about retirement accounts at your work, talk to your supervisor, manager, or someone in human resources.

Visit the Believe website for more information about saving for retirement.