UW-Madison Division of Extension’s Financial Education program helps families and individuals across the state achieve financial well being – keeping pace with day-to-day expenses, reaching financial goals, planning for life’s unexpected events and securing their financial future.
In August 2022, the federal government enacted the Inflation Reduction Act (IRA), the largest clean energy investment the United States government has made. It provides many new tax credits, rebates, and discounts to help homeowners make energy efficiency improvements and save on their utility bills. Read more about how the Inflation Reduction Act can help […]
A family hits a benefit cliff when a small income increase makes them ineligible for public benefits they had been receiving (UW-Madison Institute for Research on Poverty). Many public benefits programs in Wisconsin have “benefits cliffs.” It is important for participants in these programs to be aware of benefits cliffs as they make financial and […]
Retirement planning can help you prepare for your long-term financial needs. To successfully plan for retirement, it is important to understand the accounts that can be used. You may have several options to save for retirement including accounts offered by your employer, often called employer-sponsored retirement plans, and individual retirement accounts. You may be able […]
Financial planning involves thinking about all areas of your finances and building a plan to reach your financial goals. Financial planning can help you live the life you want as you plan for the future. However, it is difficult to know everything about budgeting, saving, credit, managing debt, insurance, investing, and other financial topics. To […]