From ABLE National Resource Center: For Complete Post, Click Here…
Knowing how to manage money in your ABLE account will help the account to grow tax-free to best support you in achieving your goals and dreams. In order to make the most out of your ABLE account, it will be helpful to apply the basics of money management so that you can choose the types of savings options and investments that best fit your needs and goals.
Managing your money – whether in your ABLE account or another savings or investment account – requires building financial skills, Making Smart Financial Decisions, developing goals for your life and finances, putting a plan to achieve those goals into action and being committed to saving.
Smart money habits include controlling spending, eliminating impulse buys, not living beyond your financial means and reviewing and focusing on your goals over time to see if you need to make any changes. If you decide that you need help to keep on track, the ABLE National Resource Center (ABLE NRC) has tips and choices for you to consider. The more you make good money habits a part of your daily life, the easier it will be to meet or exceed your goals and enhance your financial health, independence and quality of life.
