|Budgets - Budgeting Tools - Buying a Car - Buying a Home - Check Writing Tips - Credit - Consumer Protection Laws - Collateral - Credit Reporting Agencies - Federal Lending Laws - FDIC Insurance - Loans - Federal Regulations - Identify Theft - Record Keeping - Tax Credits - Legislation - Mortgages - Record Keeping - Social Security Benefits - Your Own Home|
Free To Read Or Print Any Article You Want
(Just Make Sure You Tell Your Friends About This Site)
TO MAKE MONEY USING GOOGLE ADSENSE - CLICK HERE
Individual Development Account (IDA)
What is an Individual Development Account (IDA)?
Individual Development Accounts (IDAs) are matched savings accounts. When an account is matched, it means another organization, such as a foundation, corporation, or government entity agrees to add money to your account.
Why would an organization do that?
Organizations will match the money people save in IDAs to encourage low-income families to save money to purchase an asset. IDAs are based on the concept that asset building is necessary to break the cycle of poverty and to help families become financially independent.
Asset building refers to people purchasing or holding items that will help them financially in the future. Organizations involved in IDA programs want to help low-income families become more financially secure.
What can I use IDAs for?
If you open an IDA, the money must be used for a specific purpose.
Allowable purposes include:
There are a few programs that allow you to save for other purposes. However, most programs will only offer accounts for the purposes listed above because these are likely to increase your future financial security.
How do IDAs work?
Each IDA program is a little different, so you must ask the person who runs the program in your area about the details. However, all IDA programs have many similar features:
How can I open an IDA?
The concept of IDAs is still fairly new, although it is becoming more popular. If you are interested you can:
RETURN TO INDEX
RETURN TO THE MAIN FREE ARTICLES INDEX
FREE GIFTS CLICK HERE
Recommend this site to a Friend
Get Your Own FREE CB
Deluxe Affiliate System - Silver Edition
by CLICKING HERE
Potential keywords for your
next Google ad campaign
Adsense Killer Keywords
IF YOU CAN'T FIND THE INFORMATION
OR THE PRODUCT
THAT YOUR LOOKING FOR - CHECK OUT THE CLICKBANK CATALOGUE
ClickBank the best way to complete a digital sale.
Computing & Internet - Money & Employment - Marketing & Ads
Fun & Entertainment - Sports & Recreation - Society & Culture
If you're into Niche Resale Rights
Products then check out my
which has 120 + different eBook Packages and still growing.
The Ultimate Recipe
Collection [Cook Books]
CURRENTLY  DIFFERENT RECIPE E-BOOKS ON THIS PAGE
CLICK HERE TO VIEW THE LIST
Mail Order Products
Dunway Enterprises || Dunway Sitemap
WebMaster & Site Design by Ken Dunn
Dunway's Network of Joint Venture Sites
CLICK HERE TO SEND MAIL
Copyright [c] Dunway Enterprises
ALL RIGHTS RESERVED
Tom Azzara - Newsletter & Book
Tax Havens of the World