Advertisements

Connecticut United Ways Launch ALICE Saves Financial Incentive Program

United Way of West Central Connecticut

Connecticut United Ways have joined together to promote financial stability for working families statewide by launching ALICE Saves, a new program designed to help families develop a lifelong habit of saving and other positive financial behaviors.

The program is designed to encourage “ALICE” – Asset Limited, Income Constrained, Employed, – to begin their habit of saving by enrolling in two free, award-­-winning programs.
For the first time anywhere, SaverLife, a proven savings product from the California-based nonprofit EARN, and Trusted Advisor, a successful financial counseling program operated by the New York-­-based Neighborhood Trust Financial Partners, will be available to help families build emergency savings and begin a journey to financial security.
By joining SaverLife participants receive financial rewards for consistent saving. Savers earn $10 for every month that they save at least $20 and have the potential to earn up to $60 in rewards at the end of the six-­-month program. Savers who securely link their savings account to SaverLife earn rewards and have access to other supports.
Savers will also be offered the opportunity to take an additional step towards financial security by enrolling in Trusted Advisor, a technology-­-enabled financial counseling program. A Trusted Advisorcounselor, available through Skype or by telephone, will help Savers develop a financial action plan with concrete steps to meet financial goals.
In its 2018 ALICE Report, a study of financial hardship, United Way found that 40% of Connecticut households cannot afford basic living expenses while 46% do not have enough savings to cover expenses for 3 months. While 37% of CT residents did not set aside any money for emergencies last year, research shows that families with a savings of just $250 are less likely to be evicted or miss a housing or utility payment.
The program is open to all Connecticut residents over age 18 until the end of 2019.
For more information or to register for ALICE Saves, please visit ctalicesaves.org.
Advertisements

The Central Connecticut Roundup is a popular local magazine covering central Connecticut news, Statewide news, National news, local events, commentary, and more.

 

The Roundup currently has over 5,700 subscriptions and a local social media following of over 95,000 readers across multiple social media sites, apps, pages, and groups.

 

The Roundup is also a proud member of WordPress. This affiliation offers readers more news from FOX 61 and CBS Connecticut on The Roundup.

Latest Stories From Roundup Partner : FOX 61

BREAKING: Crews responding to serious motor vehicle crash on Rt. 195 in Mansfield

BREAKING: Crews responding to serious motor vehicle crash on Rt. 195 in Mansfield

MANSFIELD — Officials responding to a serious motor vehicle accident at 408 Storrs Road in Mansfield. State Troopers confirm the accident occurred between a car and a transit bus. Officials report there are life threatening injuries. Route 195 will be closed for an extended period of time. We will bring you more information as it becomes available.

Trump moves to escalate investigation of intel agencies

Trump moves to escalate investigation of intel agencies

WASHINGTON (AP) — President Donald Trump is directing the U.S. intelligence community to “quickly and fully cooperate” with Attorney General William Barr’s investigation of the origins of the multi-year probe into whether Trump’s 2016 campaign colluded with Russia. The move marks an escalation in Trump’s efforts to “investigate the investigators,” as he continues to try to undermine the findings of special counsel Robert Mueller’s probe amid mounting Democratic calls to bring impeachment proceedings. Press secretary Sarah Sanders says Trump is […]

3 dead, state capital battered as storms rake Missouri

3 dead, state capital battered as storms rake Missouri

JEFFERSON CITY, Mo. (AP) — An outbreak of nasty storms spawned tornadoes that razed homes, flattened trees and tossed cars across a dealership lot, injuring about two dozen people in Missouri’s capital city and killing at least three others elsewhere in the state. The National Weather Service confirmed that a large and destructive twister moved over Jefferson City shortly before midnight Wednesday. The tornado cut a path about 3 miles long and a mile wide from the south end of […]

102-year-old accused of killing 92-year-old at French retirement home

102-year-old accused of killing 92-year-old at French retirement home

PARIS – A French centenarian is suspected of strangling and bludgeoning her 92-year-old neighbor to death. The 102-year-old woman, who has been transferred to a psychiatric hospital, allegedly told a staff member at the retirement home where the two lived that she had “killed someone,” according to the BBC. The 92-year-old victim was found dead at the home in Chézy-sur-Marne, about 60 miles east of Paris. An autopsy revealed that the woman died of “strangulation and blows to the head.” […]

Comments

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.