2/25/2015

WEATHER ALERT

Bank On Virginia Beach classes are being postponed due to impending weather this week.  If you are scheduled to attend the TCC Joint Use Library class on Feb 25th or the Potter's House class on Feb 26th, please watch for updated information about reschedule. 

MAKE UP CLASS: Scheduled March 12th at TCC Joint Use Library 6:30 PM

2/02/2015

30-40-30 Plan Refund Savings

Virginia Saves has offered us a great tool at tax time called the 30-40-30 plan for refund savings.  With this plan you can address past, present and future needs with your tax refund.


Investment Workshop

We all want to make the most of our nest egg for the future but often don't know how to get started.  Bank On Virginia Beach is offering a special workshop to help you learn some of the terminology and strategies for investing.  No sales, no gimmicks just good, no cost information to help you grow your portfolio!  You will learn about different types of accounts to use when investing and how to minimize taxes while maximizing your earnings.  Even if you are a beginner, this is a great workshop for you!

When:  February 23, 2015
Where: TCC Joint Use Library
Time:  6:30-8:00 pm

RSVP: bankonvb@vbgov.com

Matched Savings is Back!

The Interfaith Alliance at the Beach (IAB), an ecumenical group of faith organizations has made it possible for financially challenged families to establish their own emergency fund to keep them from falling prey to high cost alternative lenders.  IAB offers a matched savings program in which $150 is offered for Bank On participants who:

1. Establish $150 of their own savings
2. Maintain perfect attendance at Bank On Classes
3. Attend 9 coaching sessions during the Bank On program
4. Complete the Mayor's Action Challenge for Financial Fitness by submitting their Financial Empowerment Passport
5. Are Virginia Beach Residents
6. Have household income less than 400% of poverty.

To get a list of the eligibility requirements for the matched savings program, click here.
Emergency savings provides a layer of protection against the unexpected.  Thank you to the IAB for helping Bank On families stay focused and incentivized to stay with the challenge of building a financial plan for financial security!