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Asset Building Program

More than a quarter of Americans are living paycheck to paycheck without savings or investments in equity such as a home or small business. Evidence shows that with training and incentives, even the lowest income Americans can break this cycle, begin saving, and planning for a better future. Asset development:

  • Promotes financial literacy, savings, and access to mainstream banking.
  • Promotes use of the Earned Income Tax Credit along with free and reduced tax preparation services.
  • Provides incentives to invest in appreciable assets for long-term prosperity.

How We Help

  • The Asset Building Program offers start-up support and free consultation for asset building activities in communities across Washington. For more information visit the Washington Asset Building Coalition website where you’ll find a list of local coalitions already in place.
  • Bank On Washington brings banks, credit unions, government, and community organizations together to provide individuals with access to low-cost checking and savings accounts. The goal is to help people keep more of their money for savings so they can build on their dreams.
  • The Earned Income Tax Credit (or EITC) is for people who earn low-to-moderate incomes. EITC can reduce a worker's taxes and result in a refund. This means working families and individuals can keep more of what they earn. After January 30, call 2-1-1 or 1-877-211-9274 and ask for free tax preparation.

Other Helpful Links

Check out the Washington Financial Education Calendar to learn about money management classes being offered around the state.

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