Individual Development Accounts (IDAs) accounts are matched savings accounts designed to help people invest in assets that will become more valuable in the future. IDA participant savings and the matching dollars they receive can only be used towards specific assets such as (i) Home ownership; (ii) Post-secondary education and training; (iii) Developing or growing a small business; or (iv) Assistive technology devices.
All IDA participants must attend 8-10 hours of financial management and life skills training prior to application. The curriculum includes: budget development; money management including financial institutions, keeping financial records and basic investing; the wise use of credit and consumer education. In addition all participants must attend asset specific training to prepare them for their asset purchase. Participants receive on-going financial coaching which includes annual review of their budget and financial documents and are encouraged to attend additional financial education workshops offered by FCF.
Uintah Basin Classes
Date: January 10, 17, 24, and 31
Time: 7-9:30 PM
Location: USU Administration Building, 800 E 200 N, Roosevelt, UT.
Cost: $10 fee per family, Cash or check at the door.
Class cap = 15
Contact Suzanne Prevedel to sign up or United Way of Eastern Utah to get more information.
Office: (435) 738 - 1143
Grand County Classes
A Community Development Forum will be happening and the purpose of this Forum is to engage community leaders in a high level discussion on Individual Development Accounts (IDAs). IDAs build healthy communities by promoting household economic stability and bringing low income people into the financial mainstream. The meeting will take place Monday, February 13th form 12-1pm at the Grand Center in Moab.
Carbon and Emery County Classses