**Financial Tip of the Month**

Consider saving all or part of your refund this tax season. Although paying off debt is important, it can be equally important to save money to help with future expenses. Have your tax refund directly deposited into a savings account, or get a US Savings Bond available at free tax preparation sites across the state. Money saved could serve as a rent or mortage payment in a time of need.

 

 

The Maryland CASH (Creating Assets, Savings, and Hope) Campaign is a state-wide network of organizations that promote financial stability for working families. Our coalition includes Volunteer Income Tax Assistance (VITA) partners that provide free tax preparation services, promote access to high-quality financial services, and offer financial education and coaching.

 

 

Maryland CASH coordinates a network of practitioners, while focusing on three main initiatives: capacity building and training, financial education, and research and advocacy.

 

1. Capacity Building and Training: The Maryland CASH Campaign provides training opportunities for our partners and practitioners throughout the state.

        Examples include:

                          VITA training resources

                          Financial Stability Toolkits

                          Financial Social Work Initiative 

 

2. Financial EducationThe Maryland CASH Academy is set to launch in mid-February, 2010. Free and low-cost financial education courses will be offered throughout the state to all Maryland residents. Registration online and through the phone will be available.

 

3. Research and Advocacy: The Maryland CASH Campaign advocates for policies at the state and national level that support financial stability for working families.                 

       

  

If you are an individual tax filer making $25,000 or less in 2009 or a family of 2 or more earning $49,000 or less, you may qualify for free tax assistance. Our VITA coalition partners offer free tax preparation services for Maryland residents. Click here to find a free tax preparation site in your area.