Financial Wellness
Happy young woman at laptop watching webinar and taking notes. Happy young woman at laptop watching webinar and taking notes.

Financial Check-in with FAME

Join us for our free monthly series covering a variety of financial topics. These live sessions are held the first Friday of most months at noon and are recorded for later viewing. Check out the schedule of upcoming sessions!
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College student learning new tools to help afford higher education College student learning new tools to help afford higher education

Financial Wellness Resources

FAME provides a variety of free tools and resources to help you afford education after high school, as well as build financial capability and reach your financial goals.
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Understand Taxes and Insurance

When it comes to managing your money, it’s just as important to understand taxes and insurance as it is to learn about saving and investing. Getting a handle on how taxes work can help you keep more of what you earn, while learning about insurance gives you peace of mind by protecting what matters most. These can be complicated topics, but taking the time to learn about them can help you feel confident and prepared for whatever life brings your way. 

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4-MINUTE
READING

Taxes, Taxes Everywhere:
The Most Common Taxes and How They Impact You

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VIDEOS &
COURSES

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Key Ideas

Taxes

  • Taxes may be due at the federal, state, and local levels, and many factors influence how income is taxed. 
  • In Maine, the CA$H Coalition provides free IRS-certified tax preparation for households and individuals who meet certain income requirements. Visit their website to see if you qualify. 
  • For a comprehensive guide on income tax filing for individuals, visit the IRS website. 

Insurance

  • Insurance is a tool that helps individuals manage risk in the event of an unexpected accident or injury, and it is a critical component of a sound financial plan.
  • An insurance premium is the amount you pay regularly to keep your insurance policy active.
  • In Maine, all drivers are required to carry a minimum amount of auto insurance coverage.
  • Many colleges require students to have health insurance and may automatically charge for it. If you already have health insurance (through your parents, for example), be sure to waive your school’s health insurance coverage.

Activities

  • Need help understanding your Maine health insurance options? Consumers for Affordable Health Care (CAHC) is a Maine-based nonprofit dedicated to connecting Mainers with the resources and advocacy they need to navigate their health coverage options. Learn more at MaineCAHC.org.
  • For comprehensive information and consumer guides on different types of insurance as well as a list of helpful resources, visit The Department of Professional and Financial Regulation at the State of Maine’s Bureau of Insurance.