Savings enables you to prepare for the unexpected while establishing resources to meet your financial goals like education, homeownership and retirement. Savings breaks the cycle of living payday-to-payday and provides greater financial stability.
Virginia Saves - Set a goal, make a plan and save automatically with Virginia Saves. Virginia Saves encourages every citizen to create a savings goal and begin saving automatically to build a financial cushion that will protect you from unexpected expenses and help you achieve your dreams. In 2013, Virginia Beach residents pledged to save more than $116,300 annually for their goals.
Virginia Individual Development Accounts - Provide matched savings of $2 for every $1 saved toward education, homeownership and establishment of a small business.
Virginia 529 Plan - For as little as $25 per month, you can establish savings for a higher education to advance financial future for your family. Students with a college savings account are significantly more likely to pursue higher education in building a career. Equip your child or grandchild for a secure future, start saving today! Contributions to Virginia 529 programs can reduce your taxable income by up to $4,000!