Q. Are there any statewide workshops or classes that can help me reach my goals?
Posted January 28, 2016
A. You can find upcoming workshops and classes at cashmaine.org/class-listings/. Read more
Q. Are there any money workshops or classes available in my area?
Posted January 28, 2016
A. You can locate information about classes and workshops here. Read more
Q. How Big Should My Emergency Fund Be?
Posted January 15, 2016
A. There is a wide range of opinions about how big an emergency fund should be. The amount you need to have in an emergency savings fund depends on your situation. Think about the most common kind of unexpected expenses you’ve had in the past and how much they cost. This may help you set… Read more
Q. What’s an emergency fund?
Posted January 15, 2016
A. An emergency fund is money saved for unexpected expenses such as car or home repair, medical bills or loss of job. Read more
Q. Where can I find out about scams?
Posted January 7, 2016
A. Here is a resource about scams: The Federal Trade Commision (FTC)-The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. Read more
Q. What is bankruptcy?
Posted January 7, 2016
A. Bankruptcy is best explained through this link: Federal Bankruptcy Information Read more
Q. What if I have been turned down by a bank or credit union for an account?
Posted January 7, 2016
A.Many banks and credit unions will use a system called the Early Warning System. These services provide information to them about whether or not you have had a bank account closed on your behalf by another bank or credit union. This service helps them determine what amount of risk they might assume by allowing you… Read more
Q. What if I don’t have the items needed to open a bank or credit union account?
Posted January 7, 2016
A. If you don’t have some of these items, you may want to look into getting them. You can request a new social security card here. The Bureau of Motor Vehicles (BMV) handles driver’s licenses and state id’s. You can find a location here if you need to renew or replace one. Passports can be… Read more
Q. Why use a bank or a credit union?
Posted January 7, 2016
We all need to keep our money safe. A bank or credit union will protect your money from being lost or stolen, and all money in insured financial institutions is protected by the U.S. Government. Using a bank or credit union saves you money from pay fees to cash paychecks, pay bills, transfer and borrow money…. Read more
Q. What’s the difference between a bank and a credit union?
Posted January 7, 2016
A. Banks and Credit Unions similar products and services; it is important to choose one that will offer the services that are most important to you. The main difference between them is that a Bank is a company owned by shareholders. The Bank aims to maximize the profits for shareholders. A Credit Union is owned… Read more