Comments on: Encouraging the Working Poor to Save http://allfinancialmatters.com/2006/01/12/encouraging-the-working-poor-to-save/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 20 Nov 2009 19:56:44 -0800 http://wordpress.org/?v=abc hourly 1 By: New York Bankruptcy and Consumer Law Blog http://allfinancialmatters.com/2006/01/12/encouraging-the-working-poor-to-save/comment-page-1/#comment-1068 New York Bankruptcy and Consumer Law Blog Wed, 18 Jan 2006 13:13:26 +0000 http://www.allthingsfinancialblog.com/?p=288#comment-1068 <strong>Tax Savings Plans For The Working Poor</strong> I picked up a story on the All Things Financial Blog discussing a Wall Street Journal article by titled New Programs Spur Working Poor to Begin Saving.According to the article, the new programs match the participant’s savings but only if they consiste... Tax Savings Plans For The Working Poor

I picked up a story on the All Things Financial Blog discussing a Wall Street Journal article by titled New Programs Spur Working Poor to Begin Saving.According to the article, the new programs match the participant’s savings but only if they consiste…

]]> By: Consumerism Commentary http://allfinancialmatters.com/2006/01/12/encouraging-the-working-poor-to-save/comment-page-1/#comment-1059 Consumerism Commentary Fri, 13 Jan 2006 16:42:35 +0000 http://www.allthingsfinancialblog.com/?p=288#comment-1059 <strong>Best Of The Week</strong> Here are some posts from other bloggers that I have enjoyed this week: JLP talks about new savings programs for the working poor. Many of the working poor are inelgible for welfare, so these programs encourage them to create savings. Five Cent Nickel e... Best Of The Week

Here are some posts from other bloggers that I have enjoyed this week: JLP talks about new savings programs for the working poor. Many of the working poor are inelgible for welfare, so these programs encourage them to create savings. Five Cent Nickel e…

]]> By: fivecentnickel.com http://allfinancialmatters.com/2006/01/12/encouraging-the-working-poor-to-save/comment-page-1/#comment-1057 fivecentnickel.com Fri, 13 Jan 2006 15:28:56 +0000 http://www.allthingsfinancialblog.com/?p=288#comment-1057 <strong>Weekly Roundup - 01/13/06</strong> Happy Friday the 13th! Here are some of the best posts that I ran across over the past week. Weekly Roundup – 01/13/06

Happy Friday the 13th! Here are some of the best posts that I ran across over the past week.

]]> By: monkeyjoe http://allfinancialmatters.com/2006/01/12/encouraging-the-working-poor-to-save/comment-page-1/#comment-1053 monkeyjoe Fri, 13 Jan 2006 00:25:31 +0000 http://www.allthingsfinancialblog.com/?p=288#comment-1053 Anyone who is interested in teaching personal finance classes can do so at the grade and high school levels through Junior Achivement (www.ja.org) Anyone who is interested in teaching personal finance classes can do so at the grade and high school levels through Junior Achivement (www.ja.org)

]]> By: samerwriter http://allfinancialmatters.com/2006/01/12/encouraging-the-working-poor-to-save/comment-page-1/#comment-1052 samerwriter Thu, 12 Jan 2006 17:11:12 +0000 http://www.allthingsfinancialblog.com/?p=288#comment-1052 That's a great article, and I like the idea. I'd much rather see my tax money going toward this type of program than other entitlement programs. I'm not sure I like the implication from the article that Ms. Hughes will be using the savings and matched savings for a downpayment on a house. $4,500 is a great start, but in my opinion home ownership should come after she's got her finances straightened out, including a reasonable emergency account (a few thousand dollars would be a good start) and retirement savings. And for Ms. Hughes, I'd think it might be terribly discouraging to go from $4500 in savings to a $84000 mortgage. That’s a great article, and I like the idea. I’d much rather see my tax money going toward this type of program than other entitlement programs.

I’m not sure I like the implication from the article that Ms. Hughes will be using the savings and matched savings for a downpayment on a house. $4,500 is a great start, but in my opinion home ownership should come after she’s got her finances straightened out, including a reasonable emergency account (a few thousand dollars would be a good start) and retirement savings.

And for Ms. Hughes, I’d think it might be terribly discouraging to go from $4500 in savings to a $84000 mortgage.

]]> By: Samerwriter » Blog Archive » WSJ.com - New Programs Spur Working Poor To Begin Saving http://allfinancialmatters.com/2006/01/12/encouraging-the-working-poor-to-save/comment-page-1/#comment-1051 Samerwriter » Blog Archive » WSJ.com - New Programs Spur Working Poor To Begin Saving Thu, 12 Jan 2006 17:06:11 +0000 http://www.allthingsfinancialblog.com/?p=288#comment-1051 [...] I got a link to this article from AllThingsFinancial. It’s a good read, about the difficulty of saving money for those with low-income and the disincentives to save caused by the welfare system. Basically the article advocates a program that matches the savings of lower-income participants in retirement savings programs. I like that. [...] [...] I got a link to this article from AllThingsFinancial. It’s a good read, about the difficulty of saving money for those with low-income and the disincentives to save caused by the welfare system. Basically the article advocates a program that matches the savings of lower-income participants in retirement savings programs. I like that. [...]

]]>