Ways to Get Free Money From the Government
By Jack R. —
Published March 21, 2018
A large number of people do not know that there are different ways in which you can get free money from the government. This type of savings can help you when you are in need of some money. Most of the government operations are funded by taxes and there are legit methods you can use to avail free money from the government.There are a number of possibilities, some of which you may not even have thought of. If you thought that the only way to get money back from the government is through annual tax refunds, you are in for a surprise.Unclaimed moneyUtility deposits, lost savings bonds, and uncashed paychecks are the money that you are owed. In some cases, these funds may not reach you if it so happens that there is no indication of your current mailing address anywhere. These funds go into the unclaimed money of the government. At times, these may be posted in the Public Notices section of the local newspaper. But, you can always find if you are owed unclaimed money by simply visiting the website: unclaimed.orgThe site will help you make a claim to whatever money you are owed legally.Mutilated currencyIf you happen to possess mutilated currencies of any sort, the U.S. Treasury Department will replace this money, dollar for dollar, provided that the serial numbers on such currency are legible. All you have to do is submit a Damaged Currency Claim.Child care assistanceThe Childcare and Development Fund in each state offers parents income-based assistance for taking care of their children. These funds cover medical bills and any other expenses that fall under this category. This eases the financial burden on parents who do not make a large income.Home energy assistance programThe Low Income Home Energy Assistance Program helps families that have trouble paying their heating and electricity bills. The program uses funds to help such families to set up heating and cooling systems in their homes. The program also offers household appliances for free.Home Mortgage Payment AssistanceA home mortgage is a heavy financial burden for many homeowners and there are times when you are struggling to pay off your mortgage. Home Mortgage Payment Assistance will help you prevent foreclosure on your home in the event that you are unable to keep up with your payments. They also have a helpline that offers advice on rising interest rates, loan scams, real estate, and so on.Potential benefits for veteransThe government has a portal called the Military OneSource that is targeted at helping military personnel to find jobs and medical benefits. They deal with any distress experienced by veterans and help them to locate the nearest center that deals with veteran affairs.College grantsPell Grants offers eligible students college grants up to $5,920. With the rising costs of higher education, these college grants could prove to be extremely helpful in funding the higher studies of your children. Students have to fill out the Free Application for Federal Student Aid to apply for the grant. There are a number of other grants to help students fund their college education. The funds granted depend on the financial status, whether the course is part-time or full-time, and a few other factors.Affordable Medical InsuranceYou can avail federal health insurance and based on your income, you may even be eligible for a premium credit. This means that you might not have to pay for your medical insurance. These credits can also help reduce your premium costs. Visit healthcare.gov to sign up for a federal health insurance plan.