Recent Blog Posts

Blog Categories

Archives

Browse Our Most Popular Topics

2019 taxes Affordable Housing art Artists Arts Austin American Statesman Season for Caring Budget Planning Capital Studios census Community Tax Centers cookie swap COVID-19 Crafts creativity Daffodil Apartments decorating donations FC Creates Financial Stability food drive Foundation Communties Free Online Tax Prep green building green energy hand written crafrs Holiday Budget Lugo Family Mirtha Lugo music needs photography poetry Sculpture Season for Caring solar energy Spring Terrace stimulus checks tax deadline Taxes Tax Preparation video Virtual Showcase Volunteer Volunteers Writing

It’s Saving Season!

January 27, 2021 | Posted in Financial Stability |

By Dinorah Lopez, Financial Wellness Program Coordinator

W-2’s, 1099’s, 1095’s arriving to your mail/email? It’s time for tax season! Be sure to check out the Prosper Center Tax Help (ProsperTaxHelp.org) on how they can assist you in transmitting your tax return.

There are many components to tax time but this is the perfect time to start saving! If you are planning on receiving a refund here are some options for you:

  • Pay down your debt. This could be the perfect opportunity to pay down your credit card or a loan that you have. Starting small could help reduce the debt you have and overall pay it all off!
  • Work on financial goals. You can continue to work on existing goals you have for yourself or something you developed for your money resolution for 2021 (check out January’s blog post, if you haven’t done so!). Our Financial Coaches are here to discuss your goals and be your accountability partner.
  • Save your refund. With your goals, you can save your refund for a rainy day or start a savings account for a specific goal you have. For example, saving for your child’s education or for a large purchase.

Quick tip! For tax time, if you save $50 into a qualified savings method you can enter a chance to win a prize with SaveYourRefund.org. By splitting your refund with a checking and savings bank account or purchasing a savings bond you can be entered into a weekly drawing.

Our Financial Coaches are extremely knowledgeable and can start having these savings conversations with you. Any individual with an annual income of $50,000 or less or a family of 2-4 with an annual income of $75,000 or less is eligible for Financial Coaching.

Schedule your phone or Zoom appointment with a Financial Coach by calling 737-717-4000 or by visiting our web site at www.foundcom.org/financial-wellness.