SaverLife Savings Program
A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn
–The Richest Man in Babylon by George Clason
SaverLife Savings Program, formerly Earn savings program, is a non-profit organization that help families save and invest to build wealth. The program lasts six months and for every month you save $20, a $10 reward is set aside for you to redeem when the program ends. To see if you qualify for this program, please click here. I sent an inquiry regarding income qualifications and tax implications to the program’s support team and you can see the answer to my question in the picture below.
Income Requirement Update 12/4/17
Earlier today I received an e-mail from Shana Beal, who is the Director of Communications for the program, informing me that the income qualification to participate in the for the program has been removed!
*The threshold required to report income is $600. I will do a future post on the tax implications of side hustles so check back for that!*
*If you are curious about what the median income is for your area, please click here!*
I enrolled in the program six months ago and redeemed my reward this morning! Last month I took some money from my savings account and forgot to transfer it back so I did not get the full $60 reward. The $50 reward I earned will be used toward the purchase of one of my holiday gifts.