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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 low-income 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.
