ALICE Saves, a program of Connecticut United Ways, helps working families kick start their savings and get on a path to financial security. It combines two award-winning programs, SaverLife and TrustPlus.
ALICE stands for Asset Limited, Income Constrained, Employed. In New London County, 23% of households are ALICE, meaning they are working but still cannot make ends meet. Another 10% of households are living below the poverty line.
ALICE Saves provides savings rewards and financial coaching to help families establish and maintain good financial habits, as well as building an emergency fund for unplanned expenses. All programs are offered at no cost to Connecticut residents.
This free matched savings program provides cash rewards for building an individual’s savings as follows:
• $25 virtual gift card for signing up;
• $20 match for saving $60 every three months for new savers; and
• Every quarter, join the Race to $200 challenge. Save $200 for a chance to win up to $1,000.
Additionally, members have access to content from certified financial coaches. Sign up for free at www.ctalicesaves.org and click “Join Now” (you must use this link when creating an account).
To earn the savings match, link a bank account or PayPal and the match will begin on the first day of the following month.
If you need assistance in signing up, the following two local agencies are available to help:
• LEAD (Latinos for Educational Advocacy and Diversity) at (475) 296-8579.
• Jewish Federation of Eastern CT at (860) 442-8062.
ABOUT UNITED WAY OF SOUTHEASTERN CONNECTICUT
United Way of Southeastern Connecticut is a locally-based non-profit organization supporting a network of health and human services, programs, and initiatives in New London County that work together to help people in need and improve community conditions. Supported programs make an impact in four areas: Basic Needs; Community Wellness; Promoting Independence; and Thriving Children.
United Way operates the Gemma E. Moran United Way/Labor Food Center which provides food to a network of free emergency food programs in New London County and a Mobile Pantry, at no cost to those in need. United Way supports 2-1-1 Connecticut for free information and referral 24/7 and Project Warm-up for one-time, emergency heating assistance. Visit United Way online at www.uwsect.org.
Original source can be found here.
Alerts Sign-up