Take Action Now:
- Start saving, build a savings habit, and pay yourself first
- Open an account at a bank or credit union
- Track your savings and monitor what you own
- Plan for short-term and long-term goals
- Build emergency savings for unexpected events
- Save for retirement, children’s education and other major expenses
Resources for You:
- PA 529: Pennsylvania’s 529 College and Career Savings Program gives families a simple, flexible, and tax advantaged way to save for the rising costs of higher education, trade schools, apprenticeships, credential programs and K 12 learning—helping them plan for whatever educational path their children choose.
- Keystone Scholars: Keystone Scholars is a statewide program that provides an automatic $100 scholarship invested by Treasury for every child born to or adopted by a Pennsylvania family since 2019 to be used for future higher education and career training expenses.
- PA ABLE: PA ABLE Saving Program accounts provide Pennsylvanians with disabilities and their families the opportunity to save money tax-free without losing access to important benefits.
- Trump Accounts: Trump Accounts are tax-advantaged investment accounts for children to build resources early for education, business start-up costs or the purchase of a new home. Certain children may be eligible for $1,000 deposits provided by the U.S. Treasury or other philanthropic contributions.
- Be Money $mart Initiative: Financial literacy tools for Pennsylvanians provided by the PA Department of the Auditor General.
- Pennsylvania Insurance Department: This Department provides insurance literacy resources to help Pennsylvanians understand types of insurance, premiums, deductibles and “risk” as a financial concept.
- Compound Interest Calculator: Learn about the power of compound interest with this useful tool.
- Emergency Savings: Describing what emergency savings are and the steps needed to take in order to create a robust financial backbone.
- Savings Calculator: A calculator designed to incorporate important aspects of financial wellness.
- Personal Monthly Budget Template: Use this tool to start your own budget goals, or as a jumping off point to create your own monthly budget.
- Financial Terms Glossary: A collection of useful definitions for financial terms including stocks, bonds, mutual funds, certificate of deposit, and others.
