Log In


Reset Password
  • MENU
    Local News
    Saturday, September 24, 2022

    New United Way program allows families to make money by saving

    The United Way organizations in Connecticut have joined together to create a program "designed to help families develop a lifelong habit of saving and other positive financial behaviors," called ALICE Saves.

    "ALICE" stands for asset-limited, income-constrained, employed, or low-income families. ALICE Saves is designed to encourage such families to enroll in two free programs: SaverLife from the nonprofit EARN, and Trusted Advisor from Neighborhood Trust Financial Partners.

    SaverLife is a six-month program that allows people to earn $10 for each month in which they save at least $20.

    Trusted Advisor enables people to chat with a counselor — through Skype or on the phone — to develop financial action plans.

    The program is open to all Connecticut residents over age 18 through 2019, with registration open at bit.ly/ALICEsaves.

    United Way's 2018 ALICE report found that 46 percent of Connecticut households do not have enough savings to cover three months of expenses.

    Comment threads are monitored for 48 hours after publication and then closed.