David John, Sr. Strategy Policy Advisor
AARP Public Policy Institute
Recently CCCS asked AARP's Senior Strategic Policy Advisor David John to discuss the importance of saving. As a deputy director of the Retirement Security Project (RSP) at the Brookings Institute, he has studied consumer savings habits and strategies for years. Here are just a few of the insights he shared: View full article.
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Jim Godfrey
President & CEO, CCCS of Maryland and Delaware
Do you expect to receive a tax refund this year? If so, now is the time to think about how to use it. Having a plan in place will help you make the most of the money you receive. With tax refunds averaging about $3,200 per household, you have the opportunity to make a real difference, to increase your financial security and build a safety net. Here are a few suggestions on how to make your tax refund work for you: View full article.
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When Tonya Faulkner became a client at CCCS, she wasn't behind on her bills, but she had 32 credit cards and was thousands of dollars in debt. She says, "Habitat for Humanity referred me for credit counseling. I'd consulted with them earlier to see what I needed to do to buy a home. That was always my goal. After taking a look at my finances, they said if I wanted to qualify for a mortgage, I first needed to pay down my credit cards. They were right. Even though I was keeping up with payments to creditors, it was taking everything I had. At the end of the month, there was nothing left for essentials or to put into savings toward a down payment." View full article.
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This time of year, we often hear from charities that need our help. If you're trying to stay on budget or desire a unique experience, consider donating time instead of money. Nonprofit organizations are often in need of volunteers. Lending a hand allows you to see how the agencies you support work, build new relationships, and sometimes even meet and directly help those who are in need. Here are just a few ways to make a lasting contribution without sending a check: View full article.
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Final Resources
More Articles in this Edition
Tax-Time Resources - Need more help getting ready to file your taxes? We've got you covered. Check out our comprehensive guide. It includes further information on the EITC and Saver's Credit, how to avoid tax-related identity theft, and much, much more! - View full article.
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Maryland Residents: Don't forget to attend Money Power Day on March 21, 9 AM - 3 PM, at Poly-Western High School (1400 West Cold Spring) in Baltimore. This FREE financial literacy event has activities for the whole family. Come visit our booth, talk with a certified financial planner, and bring the kids to MECU of Baltimore Inc.'s Youth Zone where they can answer money trivia questions for prizes and FUN.
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