NPR just ran a story about Individual Development Accounts as part of their radio series on Poverty in America.
I liked this one because it focuses on IDA’s. I found a directory site through the NPR story and checked it out. Virginia has quite a few programs, even one focused on prisoners who’ve been released, another for refugee resettlement. They’re all over the state and not just focused in urban locations. The first one listed in VA is decidedly suburban.
Today I convinced a friend to bank a small insurance windfall of $2000.00 instead of using it to lower a new car payment by $60.00 a month. I told her that she could save that money, raise her insurance deductible and see a savings on her insurance. She hold me her high quote was $1200.00, and the low quote was about $850.00. $350.00 saved over 6 months so it balances out. And since she’s keeping the $2000.00 liquid, she can use it for *any* emergency and not just a car repair. That’s the beauty of an Emergency Basket of Cash.
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- 2010 Charitable Plans I just did a renewal of my corporate charitable contribution....
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