West Virginia Saves
All across the state, West Virginia Saves is helping West Virginians to build wealth through saving and the reduction of debt. West Virginia Saves provides tools and tips to help West Virginia Savers reach their personal financial goals.
Membership in West Virginia Saves is FREE and offers a lot of great benefits and incentives. You do not have to be rich to build wealth. Why wait another minute? Don't wait any longer...
West Virginia Saves is a coalition of financial institutions, faith-based organizations, employers, schools, non-profit organizations, and government entities working together to motivate individuals and families to build wealth by saving.
If you have questions or need more information about West Virginia Saves, please call 304-797-7733 x1309.
Want to be a partner with West Virginia Saves? Call 304-797-7733.
- Entrepreneur.com: 7 Tips to Save Money in 2018
- CNN: 3 Ways You Can Save Better for Retirement
- MorningstarNews.com: Your 2018 Financial To-Do List
West Virginia EITC
The EITC is a refundable federal income tax credit that provides millions of dollars in assistance to working individuals and families in West Virginia. When a return is filed, all tax liability and any setoff must be satisfied first. Then any remaining amount is refunded directly to the taxpayer. The amount of the credit varies with family size and income.
Earned income includes all taxable income gained from working. To qualify for the EITC, a person must work full or part-time and have earned income during the year. If married and filing jointly, at least one spouse must work and have earned income. Learn more about the West Virginia EITC.
FDIC Money Smart - A Financial Education Program
Money Smart is a comprehensive financial education curriculum designed to help low- and moderate-income individuals outside the financial mainstream enhance their financial skills and create positive banking relationships. The Money Smart Computer-Based Instruction (CBI) is a friendly and easy to use learning tool that teaches the 10 modules of the Money Smart curriculum through a computer. The CBI can complement formal classes or enable people to study independently at their own pace. Interested in learning more? Call CHANGE, Inc. to learn about their finance and credit counseling at 304-797-7733 x1405 or visit www.changeinc.org.
KISRA WVIDA Program
IDAs, or Individual Development Accounts, are special matched savings accounts designed to help families and individuals of modest means establish a pattern of regular saving and, ultimately, purchase a "productive asset." A "productive asset" is something of value that is likely to return substantial long-term benefits to its owner-- benefits like security, stability and opportunities for more income. WVIDA program participants may use their savings and match money toward the purchase of a home, small business capitalization or post-secondary education.
Recent Blog Entries View all »
Savings is the foundation for investing. You cannot invest money if you have not saved it first. Like dieting, saving money is hard to start, even harder to maintain, and requires patience and discipline. When you achieve your financial goals, however, the results are so worth it.Read more...
April is National Financial Capability Month, when the Financial Literacy and Education Commission (FLEC) and the Ready Campaign encourage people to improve their financial futures and to be prepared when disaster strikes. Here are three actions you can take now to make sure you are ready for any financial disaster, big or small.Read more...
My parents were hard-working first-generation Americans who were born during the Depression. My mother was a nurse and my father a businessman, and they were loving and supportive parents, but they were extremely frugal with money. “You’re only as rich as the money you have in the bank,” my mother used to say. “If you save nothing, you have nothing.” When we were young, my brother, three sisters and I were expected to work, and save half of everything we earned.Read more...