CA$H Maine

Creating Assets, Savings & Hope

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Tax Time Saving Tips

Posted February 10, 2017

Saving while filing your tax return is easy and can be automatic. Saving can help you be prepared for financial emergencies and begin to plan for the future. Written by David Sieminski, Consumer Financial Protection Bureau (CFPB) – FEB 09, 2017.  The Consumer Financial Protection Bureau (CFPB) is a 21st century agency that helps consumer… Read more

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New IRS Refund Delay for EITC and ACTC Recipients

Posted January 20, 2017

This year it is more important than ever to prepare accurate income tax returns. A new law requires the IRS to delay issuing refunds for certain taxpayers claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) until February 15. The law has no exceptions and is designed to make it… Read more

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Credit in December

Posted December 20, 2016

It is important to remember the following things as we are bombarded with store credit card offers during the holiday season. A few tips to keep in mind: Deferred interest deals are often something used to lure in new customers, but could leave your bank account hurting. In many cases, if you miss a payment,… Read more

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‘Tis The Season for Higher Energy Costs

Posted November 8, 2016

As another cold Maine winter approaches, small changes can add up to big savings on energy costs. For instance, having your furnace cleaned and serviced can make it work more effectively, saving you money on heating oil. Check out these energy efficiency tips from Efficiency Maine: Turn the thermostat down to 55 degrees when the house… Read more

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Finding Health Insurance—What to Look For!

Posted October 20, 2016

Whether you’ve just turned 26 and are moving off a parent’s healthcare plan or you’ve recently left a job and need to find your own insurance, navigating health insurance can seem tricky and overwhelming. However there are a number of resources out there that can help you know how to compare plans, what questions to… Read more

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16,000 Maine Families Qualify for Matching Funds

Posted August 30, 2016

  Many parents worry about how they will pay for their children’s college tuition. In Maine, the NextGen College InvestingⓇ Plan has helped many Maine families to relieve some of this anxiety. Since 2002 the NextGen College InvestingⓇ Plan has been a way for parents & guardians to save money for their children’s education. In recent… Read more

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Study Shows Maine Ranks Close to the Nation

Posted August 25, 2016

The Financial Industry Regulatory Authority (FINRA) recently released the National Financial Capability Study (NFCS) based on data collected in 2015. This study provides data that focuses on 4 components that lead towards being financially stable, including Making Ends Meet, Planning Ahead, Managing Financial Products, Financial Knowledge and Decision Making. Compared to the nation as a… Read more

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National Disability Institute Announces New Campaign

Posted July 28, 2016

Shared with permission from the National Disability Institute.   Check out the National Disability Institute’s campaign DISABLE POVERTY to increase awareness of Americans with disabilities. The National Disability Institute (NDI) announced the launch of its grassroots campaign, DISABLE POVERTY on July 26, 2016, the 26th anniversary of the American with Disabilities Act (ADA), to increase… Read more

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UMF Student Valued Volunteer at CA$H

Posted July 8, 2016

Divin Gatera (left) sits with Western Maine volunteer, Dahir Muktar.   Divin Gatera is a 22 year old volunteer tax preparer with Western Maine CA$H.  A national  from Rwanda, Divin is a junior at University of Maine at Farmington (UMF) pursuing a degree in Business-Economics with a minor in International Global Studies.  After being referred… Read more

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The Racial Wealth Gap

Posted June 13, 2016

  Did you know that 2/3 of people living in the USA live paycheck to paycheck? For those that experience this, it is hard to build wealth when there is nothing left at the end of the month to save or invest. Wealth inequality is becoming just as a big of a problem as income inequality…. Read more