Building and retaining savings is important because it provides a financial foundation on which to plan for the future.
The Bureau held a forum on child savings accounts. We produced a report on the forum so that you can learn more about how states and communities are offering opportunities for families to save for post-secondary education.
Knowing you have money set aside to meet your short- and long-term goals can reduce stress and may lead to a higher level of financial well-being. Learn how you can use your tax refund to meet your savings goals.
Free tax filing resources can reduce the cost of filing and give you more money to save.
If you are a tax preparer, we’ve got tips you can use to help people save and build assets during tax time
If you work directly with people who are living paycheck to paycheck, tax time is a good opportunity to encourage saving.
We released the results of a Project Catalyst research project finding that offering a small incentive to prepaid card users to put some of their money into a savings wallet doubled uptake of the wallet.
For many people, making ends meet throughout the year is tough, and saving regularly may seem unrealistic. If you’re getting a tax refund, why not consider saving some of it to build an emergency fund or start a nest egg? Whatever your savings goal, now is a great time to start.
Parents often want to open accounts for their children, to help them learn about saving for the future and managing their money. And young people often go to a bank to open an account when they get their first job and start earning money. However, when trying to open an account for a child under age 18, some people run into roadblocks.
In the next few months most U.S. households will be filing their tax returns. The holidays are over and it’s worth taking a few minutes now to think ahead to the tax filing season. You may have options you haven’t thought about before.