From Twitter 03-12-2010
Mar. 13th, 2010 02:04 amTweets copied by twittinesis.com
A new non-profit, Savetogether.org, makes it easy to spread the message of saving while helping others to reach their financial goals. Using an online philanthropy model, SaveTogether helps low wage individuals triple their savings through the power of matched savings accounts. Here's how it works: A saver puts aside $25, a donor makes a secure, tax-deductible $25 donation on the website, which is then matched by $25 from government and participating non-profits. Prescreened savers are profiled on the website and file reports on their progress saving for college, a new home, or a business start-up.( Here's some more information from the FAQ at the site ) Read more at the FAQ here. I thought this program might be of interest both to people who might like to apply themselves, or people who want to consider it as a charitable option, especially those who have gone through hard times themselves and might like to 'pay it forward' for a modest buy in price.
"These stories of people who are at the bottom of society's pyramid can inspire us all to be better savers," says Dylan Higgins, CEO and founder of SaveTogether.
SaveTogether.org will soon include a map of local programs that sponsor Individual Development Accounts, matched savings accounts for the working poor.