Top 3 Ways To Get Free Money From The US Government
Wouldn’t it be nice to have a bit of a financial cushion? The government doesn’t always work for us the way we want it to, but that doesn’t mean there aren’t some beneficial avenues you haven’t explored – and some of those could result in money in your pocket.
Let’s take a look at three legal and common ways to get money from the United States government.
A Note About Government Money Scams
Before we begin, it’s important to note that there are a lot of scams out there. If you find a good opportunity (and especially if one seems to fall in your lap), make sure you verify its validity with the government itself. This will help you avoid scams and further loss of assets.
Low Income Home Energy Assistance Program
Do you have trouble paying those heating and cooling bills? This is one reason many people feel that they can’t afford to stay in their homes – and if you’re renting, it eats into rent money, too. If you qualify as low income, you can get low income energy assistance from the government to help with those expensive costs.
While you’re at it, ask your utilities companies if they have a fixed payment plan. They’ll average out your energy usage and charge you a flat monthly rate. That way, you’ll always know what you have to pay and you won’t worry about fluctuating rates throughout the year.
Child Care Grants
If you have children, you understand the expense of child care. For some, child care expenses are so high that it might not seem like a good idea for the parents to even work! If you find yourself in that type of situation, a child care grant may provide some relief, ensure you keep working, and make sure your children are in a safe environment while you’re away.
This is called the Child Care and Development Fund, and it varies by state.
Unclaimed property is one of the more common ways people are able to claim money from the government. This is usually cash that the government keeps track of. This cash is due to you or one of your deceased relatives, and you can learn more about it here.
Before you begin looking for money from the government, it’s advisable to have your own financial affairs in order. Have all of your tax paperwork ready and in one folder, which will help you sail through the paperwork and red tape with ease.
Additionally, remember that many government programs run only through the state or only federally. Other programs have both state and federal versions, meaning you can double qualify or select the program which is most effective. Complete research is your friend: it also ensures you get the most amount of money back from the government. Check out a detailed lists for grants, loans and subsidies.
When you do get an influx of money, retain your records: sourcing that income is imperative come tax time. Best of luck in finding your fortune.