Posts Tagged ‘Saving’

March 21, 2016 · by pcriadmin · PCRI

IDA Orientation FlyerPCRI residents are invited to join an Individual Development Account (IDA) Program orientation on April 14, 2016, to learn about how an IDA could help you save and earn money.

The IDA program is a state-funded initiative for matched savings. Participants receive $3 for every $1 saved (though there are some limits on total match funds available per individual). Accounts can be opened for first-time homeownership, post-secondary education, and more. Join us at the orientation for details on eligibility criteria, the application process, and program requirements.

Click on the flyer pictured at right for additional details and information.

RSVP with Liz Olson, IDA Specialist, at 503.288.2923 or liz@pcrihome.org. We look forward to seeing you soon!

 

February 10, 2016 · by pcriadmin · PCRI

IDA Orientation FlyerPCRI residents are invited to join an Individual Development Account (IDA) Program orientation on February 23, 2016, to learn about how an IDA could help you save and earn money.

The IDA program is a state-funded initiative for matched savings. Participants receive $3 for every $1 saved (though there are some limits on total match funds available per individual). Accounts can be opened for first-time homeownership, post-secondary education, and more. Join us at the orientation for details on eligibility criteria, the application process, and program requirements.

Click on the flyer pictured at right for additional details and information.

RSVP with Liz Olson, IDA Specialist, at 503.288.2923 or liz@pcrihome.org. We look forward to seeing you soon!

 

September 10, 2015 · by pcriadmin · Featured, PCRI

PCRI is excited to begin the second series of the “Money Smart” Financial Education Program in partnership with Banner Bank. Residents who complete the four-class program will earn $100 to open a new checking account. The program includes four 2-hour classes on Tuesday evenings, starting Tuesday, October 6, and will cover topics ranging from budgeting, balancing a checkbook, managing credit and avoiding identity theft.Children-and-savings

Classes are limited to 35 participants and pre-registration is required, so residents are encouraged to RSVP as soon as possible to Amy Dang at PCRI.  The classes include:

  • Class 1 (Tuesday, October 6, 6-8 p.m.): “Bank on It” and “Borrowing Basics” topics include basics of banking and borrowing.
  • Class 2 (Tuesday, October 13, 6-8 p.m.): “Check it Out” and “Money Matters” topics include backing vs. check cashing services, and budgeting.
  • Class 3 (Tuesday, October 20, 6-8 p.m.): “Pay Yourself First” and “Keep it Safe” topics include the importance of saving and protecting your identity
  • Class 4 (Tuesday, October 27, 6-8 p.m.): “To Your Credit” and “Charge it Right” topics include financial scams, identity theft, and maintaining good credit.

Participants who attend and complete all four classes will earn $100 from Banner Bank.  Class sizes are limited and registration is required.  Contact Amy Dang, PCRI’s Financial Education Specialist, for more information or to register. All classes will be held at the PCRI Annex, two blocks north of PCRI’s main office.

September 10, 2015 · by pcriadmin · Featured, PCRI

PCRI is excited to begin the second series of the “Money Smart” Financial Education Program in partnership with Banner Bank. Residents who complete the four-class program will earn $100 to open a new checking account. The program includes four 2-hour classes on Tuesday evenings, starting Tuesday, October 6, and will cover topics ranging from budgeting, balancing a checkbook, managing credit and avoiding identity theft.Children-and-savings

Classes are limited to 35 participants and pre-registration is required, so residents are encouraged to RSVP as soon as possible to Amy Dang at PCRI.  The classes include:

  • Class 1 (Tuesday, October 6, 6-8 p.m.): “Bank on It” and “Borrowing Basics” topics include basics of banking and borrowing.
  • Class 2 (Tuesday, October 13, 6-8 p.m.): “Check it Out” and “Money Matters” topics include backing vs. check cashing services, and budgeting.
  • Class 3 (Tuesday, October 20, 6-8 p.m.): “Pay Yourself First” and “Keep it Safe” topics include the importance of saving and protecting your identity
  • Class 4 (Tuesday, October 27, 6-8 p.m.): “To Your Credit” and “Charge it Right” topics include financial scams, identity theft, and maintaining good credit.

Participants who attend and complete all four classes will earn $100 from Banner Bank.  Class sizes are limited and registration is required.  Contact Amy Dang, PCRI’s Financial Education Specialist, for more information or to register. All classes will be held at the PCRI Annex, two blocks north of PCRI’s main office.

June 12, 2015 · by pcriadmin · Featured, PCRI

150519 Arika Bunyoli Grad PicOn May 19th, 22 PCRI residents and clients completed the PCRI Adult Financial Education Class. This is the second financial education class held in partnership with Banner Bank. The evening class held once a week for four weeks covers a range of personal finance topics.

Class participants appreciated getting answers to their banking, credit, and fraud questions from industry professionals. One PCRI resident commented, “I can do more and have more options when I need to pay a bill or get money.”

150519 Terry Orr Reina Hernandez Grad PicIn addition to the valuable financial information, Banner Bank presented all completers of the class $100 cash.

PCRI and Banner Bank will be partnering again in September 2015 to present another Adult Financial Education Class. All PCRI residents and clients are invited to sign up. If you are interested in learning more about the class, please contact Amy Dang, PCRI Financial Education Specialist, at 503-288-2923 ext. 131 or by email.

 

April 15, 2015 · by pcriadmin · Featured, PCRI

April is National Financial Literacy Month. PCRI is excited to celebrate with a Financial Education Program in partnership with Banner Bank. Residents who complete the four-class program will earn $100 to open a new checking account or use in other ways. The program includes four 2-hour classes on Tuesday evenings, starting Tuesday, April 28, and will cover topics ranging from budgeting, balancing a checkbook, managing credit and avoiding identity theft.

Classes are limited to 35 participants and pre-registration is required, so residents are encouraged to RSVP as soon as possible to Amy Dang at PCRI.  The classes include:

  • Love MoneyClass 1 (Tuesday, April 28, 6-8 p.m.): “Bank on It” and “Borrowing Basics” topics include basics of banking and borrowing.
  • Class 2 (Tuesday, May 5, 6-8 p.m.): “Check it Out” and “Money Matters” topics include backing vs. check cashing services, and budgeting.
  • Class 3 (Tuesday, May 12, 6-8 p.m.): “Pay Yourself First” and “Keep it Safe” topics include the importance of saving and protecting your identity
  • Class 4 (Tuesday, May 19, 6-8 p.m.): “To Your Credit” and “Charge it Right” topics include financial scams, identity theft, and maintaining good credit.

Participants who attend and complete all four classes will earn $100 from Banner Bank.  Class sizes are limited and registration is required.  Contact Amy Dang, PCRI’s Financial Education Specialist, for more information or to register.

March 19, 2015 · by pcriadmin · Featured, PCRI

PCRI believes wealth creation is a critical step along the path of stability and self-sufficiency. On Thursday, April 16, from 6:00 – 7:00pm, PCRI will host an asset building information session. PCRI  offers several programs to aid with financial wellness and building savings, all aimed at empowering residents’ success. This information session will be a valuable opportunity for residents to learn more and sign up for these programs.

Asset BuildingWe invite you to join PCRI to learn more about the following programs:

  • Financial Wellness offers support with budgeting, saving, debt reduction, and money management.
  • Individual Development Accounts (IDA) offers a matched savings account for assets like higher education, home purchase, or small business. IDA participants currently receive $3.00 for every $1.00 saved.
  • Homeownership offers education and individualized supportive counseling for those preparing to buy their first home.
  • Career Development

The asset building information session will be held at the PCRI’s Main Office at 6329 NE Martin Luther King Jr. Blvd.

RSVP’s are requested. Please call Liz at (503) 288-2923 x122 or RSVP via email to confirm your attendance.

February 11, 2015 · by pcriadmin · Featured, PCRI

Families – Get the Tax Credit You Deserve!

EITC_Bag_Riverside_CountyDid you know that many families are eligible for valuable tax credits every year? Whether or not you owe any income tax, you could get thousands of dollars in tax benefits.

To get these credits, you must file a tax return. Find out where you can get your taxes prepared for free in NE Portland by visiting Cash Oregon.

When you file your taxes, make sure you ask about these federal tax credits:

  • Child and Dependent Care Tax Credit is for families that pay for child care when they go to work. This credit is worth up to $2,100.
  • Child Tax Credit (CTC) is for families raising children. This credit is worth up to $1,000 per child, and is refundable for families earning at least $3,000.
  • Earned Income Tax Credit (EITC) is designed to boost the wages of eligible families. This refundable credit is worth up to $6,044 and is available to married couples earning less than $51,567 or singles earning less than $46,227.

Oregon has additional tax credits for working families:

  • Child and Dependent Care Tax Credit is for those who are eligible for the federal Child and Dependent Care Tax credit. The tax credit, worth up to $1,800, is not refundable, but the unused portion is carried forward for the next five years.
  • Working Family Child Care Tax Credit is for low-income working families. This refundable credit is worth up to 40% of your qualifying care expenses without limit.
  • Earned Income Tax Credit is similar to the federal EITC and is refundable up to $491.

Also, if you get your health insurance coverage through the Health Insurance Marketplace, you may be eligible for the premium tax credit.

Consider putting your tax refund toward reducing debt, repairing credit, or starting an IDA matched savings account. Find out how you can make the most of your tax refund by contacting Amy Dang, PCRI Financial Education Specialist by phone at 503-288-2923 x131 or by email.

April 1, 2014 · by pcriadmin · Featured, PCRI

PCRI knows how important having good money management skills is to successfully navigating life. We want our children to grow up to be responsible with money … but how soon should we start teaching money management skills to our children?

Recent studies indicate that if we wait until children become teenagers, it might be too late to be most effective teaching these skills. According to a report by researchers at the University of Cambridge commissioned by the United Kingdom’s Money Advice Service, kids’ money habits are formed by age 7.

Chidren-and-savingsParents need to help children develop saving habits at an early age before they develop spending habits. Beth Kobliner, a member of the President’s Advisory Council on Financial Capability, says children as young as three years old can grasp financial concepts like saving and spending.

As they get older, parents can help children distinguish between what we can and cannot live without. Understanding the difference between needs and wants is the first step in learning how to develop a budget. In addition to being able to navigate personal finances, financial education leads to other benefits. Teaching kids to save teaches self-control. Choosing to save, instead of spend, is an exercise in self-control. The famous 1927 Stanford Marshmallow Experiment showed that kids with self-control are psychologically better adjusted, more dependable and do better in school.

Kids who save are also more likely to go to college and graduate. The July, 2013 Biannual Report from the Assets and Education Initiative (AEDI) found that even with less than $500 in college savings, children from families with modest means are three times more likely to enroll in college and four times more likely to graduate than those without college savings. Children with a savings account also have lower stress and a greater sense of hope for the future, according to the Saving for Education Entrepreneurship and Downpayment (SEED) Initiative.TCTS Logo

So what if your children are older than age 7? Should we just give up? No. Parents can attest to how quickly children, even teenagers, can pick up new skills. That is why PCRI is participating in the national Teach Children to Save Program.

On Thursday, April 10th, a free children’s financial education workshop will be held at the Park Terrace Community Center. The workshop begins at 4:00 p.m. and we invite all PCRI residents to bring their children. If you would like to sign up your children for the workshop or if you have any questions, please contact Amy Dang, Financial Education Specialist.

February 17, 2012 · by pcriadmin · PCRI

Save one dollar, get three dollars.  Sounds great, right?  We thought so too, so we’re hosting an open house on Tuesday, February 21, to provide information and sign up residents who can benefit from these matched-savings Individual Development Accounts (IDAs).  In fact, we have IDAs available for youth, too!

The open house will be at PCRI’s main office (map HERE) on Tuesday, February 21, 2012 from 6:30 – 8:30 p.m.  Refreshments will be provided.

Want to sign up?  Can’t make it during these times?  Need help with childcare in order to attend?  Call PCRI and ask for Julie (or send her an e-mail).

IDA savings can be used for home purchase, home repair, college education and more.  In fact, we can help set up an  account especially for college savings for adults and youth ages 15+.  For more information about IDA guidelines, check out our web page dedicated to Individual Development Accounts or make an appointment to see us on the 21st!

Interested residents should bring with them current and complete proof of income for the last two months as well as information about assets (car, house, savings) and liabilities (loans, mortgage, debt or bills).  Not sure exactly how much information or unsure about what paperwork is appropriate?  Just give us a call.

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