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Individual Development Accounts, or IDAs, are an innovative way for low-income Oregonians to gain greater financial security. IDAs teach savings and budgeting skills. IDAs make it possible for hard working Oregonians to build financial assets by matching monthly savings for the purchase of an asset. Participants select an asset goal – perhaps their first home, paying for post-secondary education, or starting a small business – attend financial education classes and work to achieve their savings goal.
