Financial programs help Massachusetts residents save their money, get out of debt, and establish good credit. Massachusetts financial programs include debt management programs, IDA matched savings accounts, and free and low cost banking.

Banking Programs

Massachusetts residents can get free or low cost savings and checking accounts at area banks. Children and seniors qualify for free accounts, and other residents can get basic accounts with low monthly fees.

Credit Counseling Programs

Credit counseling programs give free advice to people who are in debt or have questions about their finances. People who need help paying off their debts can enroll in a low-cost debt management plan.

Individual Development Accounts

Individual development accounts (IDAs) are special matched savings accounts that help low-income people put money aside for homeownership, education, or a small business. For every dollar you save in an IDA, the IDA program adds matching funds to your account.