Matched-Savings Programs start in the Spring and Fall each year, and they are six or twelve months long.  Programs fill up quickly and seats are limited. We accept applications all year-round.

Accepted Assets:

• Education or training towards a career for self, spouse or an adult / post-secondary child.
• Required supports for learning such as textbooks for a course.
• Computers/tablets or cameras required by the program/institution for the course or program. Note that there may be tax implications for this asset
• RESP for child or self
• RDSP for child or self
• Starting or expanding a small business
• Down Payment for a home purchase
• Tools for work. Equipment for, or to enhance, the practice of a trade or profession
• Household furniture, appliances, household goods
• Courses that will help with work or asset development
• Resiliency fund up to a maximum of $500.00 for the purposes of an emergency
• Eyeglasses and permanent dental work
• Security deposit for rental property

Not Accepted Assets:

• Televisions
• Debt repayment
• Vacation / Travel
• Vehicle
• Renovations / Maintenance
• Wedding
• Day to day expenses and supplies
• Cell Phones

Please connect with us by filling out the 'Request more info' form or call 403-204-2650 , or email matchedsavings@momentum.org to learn more.

No, each completed application that is submitted is reviewed by a committee.  Once your application has been reviewed, a member of the Asset Building Team will notify you of the results.

• Attend cohort based Financial Literacy workshops in person or online
• Save monthly and submit proof of savings to Momentum
• Have a savings goal for an approved asset item
• Be ready, willing and able – commitment to Momentum

Yes, you can still apply. However, it is important that you have a sustainable source of income that is stable and sufficient, enough to cover your basic needs and for savings.  Qualifying income may include government benefits, spousal support, etc.

Note that student loans, access to credit, existing savings do not qualify as income for this program.

Yes!

If money is limited right now, we suggest postponing applying for a savings program until the timing is better for you. We want program participants to be comfortably saving during the 6 or 12-month commitment.

We are a Registered Charity, and Momentum’s Matched-Savings Programs have been walking beside people living on a low to moderate incomes and have limited assets since 1999. The funding for the Matched-Savings programs are from United Way of Calgary and Area, and the City of Calgary the City of Calgary Family Community Support Services.

• Participants may participate in only one Matched-Savings Program at a time.
• Participants may not repeat the same Matched-Savings Program if they have successfully graduated from it
• Participants and their partner/spouse may come to the classes together, but only one Matched-Savings Fund Account per couple.
• The spirit of Matched-Savings Programs is to reach as many people living on a low to moderate income and within the Calgary & Area, so seats would be offered to those who have never completed a Matched-Savings program.