Multiply Your Savings
Want to save for a home, small business, education or assistive technology? UIDAN promotes economic opportunities by providing matched savings accounts called Individual Development Accounts (IDAs), in which you can save for your education, small business, home, or assistive technology. For every $1 you save, UIDAN will match it with $3. You can save up to $1,500 and receive up to $4,500 in matched savings, for a total of $6,000 to invest towards your goal. "The IDA program provided the tools I needed to find my way out of the hopelessness of poverty."
Financial Education Training
Financial education is a key pillar of the program. Participants are required to complete a series of approved financial education training prior to applying to the program. Financial education provides the skills necessary to help participants better manage their finances and achieve their savings goal.
Save Steady. Dream Huge.
We're not only investing in individuals, we're investing in the future of Utah. IDAs encourage savings, investment and asset formation among moderate income working families. Assets - such as a home, a college education, a business, or a work-related assistive technology device - enable low-income families to move into the economic mainstream.
Joel and Cindy, married for five years, are the parents of two children: a 3 year old daughter and a 1 year old son. They were raised in Davis County where Joel works for a national restaurant and Cindy works part time to augment the family’s income. They thought UIDAN was “too good to be true” but did some research and realized that an IDA would help them achieve a dream that seemed unattainable – owning their own home.
IDA Saver Success Stories...
Click here to view and register for the required Financial Management Training classes.
Click here to for additional financial education opportunities.
Click here to request a Call Back.
Follow the Gutierrez family as they build their first home.
Follow Heather as she goes through the process of buying a home.