Reach for Your Goals!

It’s the “American Dream” to own your own home, run your own business, or get a better education. But it seems “out of reach” for so many of us. If you want to learn how to manage your money to reach your goals:, save, plan for expenses (including the unexpected), and understand credit, loans, and other financial issues...well, then this is the program for you. 

Financial Literacy courses we offer will help you learn the above. Also, some people will be selected to participate in the IDA Program. We call it the Tri-CAP CommonCents Savings Plan and it’s designed to help you save towards your goals.. Through this program, you can:

• save towards the down payment on owning a home
• put money aside for that education you have always wanted
• set aside necessary start-up funds for your own business

If one of these three goals matches your “American Dream,” continue reading. 

IDA Program Requirements
(for the Tri-CAP CommonCents Savings Plan)

• Attend all financial literacy class sessions
• Current income at or near 200% of FPL (Federal Poverty Level)*
• Be employed for at least the previous 6 months
• Live in one of the Tri-cities (Everett, Malden, Medford)
• Have demonstrated fiscal responsibility (pay bills on time, low credit card debt, etc.)
• Ready to commit the time, money, & hard work needed to accomplish the goal of home ownership
• Commit to monthly savings club meetings that begin after the course ends and run for 2 years

*200% of FPL (Federal Poverty Level) adjusted for family size:

1 Person 2 People 3 People 4 People 5 People 6 People 7 People 8 People $20,420 $27,380 $34,340 $41,300 $48,260 $55,220 $62,180 $69,140

Project funded by MassCAP and Mass DHCD (Department of Housing & Community Development);
joint courses in Financial Literacy with the Cyber Café @ Malden Square as part of the Malden Tax Partnership.

The 8-session Tri-CAP CommonSense Savings Program is taught by local bankers and other community volunteers.  Course typically meets on Wednesday evenings, 6-8 PM.  Call Freda Hunt at 781-322-4125 for information or to register.  You may also send an email to MoneySmart @ MaldenSquare .org (no spam please).

2007 Tax Returns:

$48,433 refunded
 

to local residents who e-filed with the Malden Tax Partnership
Plus more than 120 Economic Stimulus 2007 TaxesReturns filed

Click to see more details

Volunteers Needed (click Volunteer Match to read description):  

Become Money Smart

Take control over your finances and money. Learn how to save, how to make your money work for you, why short-term loans may hurt more than they help, and much more!

Special Savings Account program for selected financial literacy cours participants. Check the Money Smart section of this website for more information.

Click ** for more information.