When it comes to getting ahead in the world, a lack of savings can be a big hurdle, especially for low-income families. Most don’t have enough money set aside for emergencies, let alone for college or a house. Some people think the answer is to make savings more fun, like the lottery, with the chance to win big prizes.

It’s called prize-linked savings, something that’s been available in Great Britain for decades. Now, it’s starting to catch on in the United States.

One of the newest programs is called SaveYourRefund, launched recently by a nonprofit group called Doorways to Dreams. It’s one of many organizations trying to find ways to encourage low- and moderate-income people to save more, especially at tax time. For some people, their federal tax refund is the biggest check they’ll see all year. [click here for more]