The Importance of Banking and Savings

[Bang•king] noun: The business carried on by a bank or banker when a financial institution (banks, credit unions, savings & loans) holds funds on behalf of a depositor. Financial institutions provide various products and services to customers, including checking and savings accounts or loans.

If you’re like most people, you probably aren’t saving as much as you’d like to. (Or worse yet, don’t save at all!) Now is the time to take charge. Saving money only works if you make it a priority. And that means setting goals for yourself. Sit down and decide what you want to save for – a new car or house, retirement, school or a dream vacation – then use the resources below to help you obtain your goals!

[Bang•king] noun: The business carried on by a bank or banker when a financial institution (banks, credit unions, savings & loans) holds funds on behalf of a depositor. Financial institutions provide various products and services to customers, including checking and savings accounts or loans.

If you’re like most people, you probably aren’t saving as much as you’d like to. (Or worse yet, don’t save at all!) Now is the time to take charge. Saving money only works if you make it a priority. And that means setting goals for yourself. Sit down and decide what you want to save for – a new car or house, retirement, school or a dream vacation – then use the resources below to help you obtain your goals!

Banking & Savings Resources

TIP: Rank your nonessential expenses. Keep the ones you like the most and then cut some of the items toward the bottom of your list.

Brighton Center/IDA Program (Banking Savings)

Brighton Center’s IDA Program allows families to increase assets through providing matching funds toward homeownership, post-secondary education, rehab of an owner occupied home, and vehicle purchase. A 1:1 match is provided, with a total savings of $4,000.

Supports to Encourage Low-Income Families (SELF)/IDA Program (Banking Savings)

SELF offers its IDA Program to Butler County residents. The program offers a 2:1 match up to $1,000. Participants are qualified based on poverty income guidelines. Savings must be used toward: 1) purchasing a home, 2) continuing education, or 3) starting a small business.