Matched Savings for Adults

Save Money. Manage Your Finances. Reach Your Goals! 

We know that managing and saving money can be hard, especially while living on a low income. Momentum has been supporting Calgarians to manage their money and build ongoing saving habits for more than 20 years. We can support you to start saving your money and working towards your financial goals.

Matched Savings programs support you to learn financial literacy skills and for every dollar you save in the program, Momentum matches it at a ratio of 3-1.

Sign Up! | Frequently Asked Questions


How does it work?

Save money and build a habit
  • Build the habit of saving by depositing up to $50 each month in your own bank account.
  • We support you to achieve your savings goals and keep you accountable.
Learn in class and manage your money
  • Come to interactive and non-judgmental financial literacy workshops with people in similar situations as yourself.
  • Together, learn about budgeting, credit, debt management, assets, and other important topics.
Earn matched savings and put it towards your future
  • For every one dollar you save, Momentum matches it times three!
  • Use your combined savings to improve your future through education, tools for work, RESP, RDSP, housing, and more.


Matched Savings Program Success

“We were never taught about our finances. I was living paycheque to paycheque, no savings, nothing to fall back on. I feel like I have a better understanding of my finances. I’m not stressed out and I feel safe now.” – Jacklyn

In a five-year reach back survey, 92% of our program graduates said they are still saving money on a regular basis.

Picture of a lady with a young child.

“I had a really bad habit of spending money burning in my pocket. Momentum really helped me, because I’m no longer spending because I can spend.” – Rain

On average, participants walk away saving $110 every month.


Are you between the ages of 16-24? We offer a Matched Savings for Youth program.

6 to 12 months
Get Started

Momentum’s Matched Savings Program for Adults begin in the spring and fall of each year and fill up quickly. We accept applications year-round. To apply, you must meet the minimum eligibility criteria:

  • You are over 18 years of age
  • You are a permanent resident or citizen of Canada
  • You live in Calgary and area
  • You are not full-time student (some exceptions apply for: English language courses, upgrading, employment training programs, etc.)
  • Your household is living on a low income, and it is below the following cut off chart (before tax)
Household SizeMonthlyYearly
1 person$ 2,751.42
$ 33,017.07
2 persons$ 3,425.37$ 41,104.46
3 persons$ 4,211.08$ 50,532.99
4 persons$ 5,112.77 $ 61,353.26
5 persons$ 5798.86$ 69,586.29
6 persons$ 6,540.07$ 78,480.79
7 or more persons$ 7,281.44$ 87,377.31
If you meet the criteria, feel free to connect by contacting us at 403-204-2650 to speak to an Intake Coordinator, or sign up below!


Frequently Asked Questions

When does the Matched Savings program start and how long are they?

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.

What can I spend the matched money on?

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
How do I apply?

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

Am I guaranteed a spot in the program if I apply?

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.

What do I have to do to participate?
  • 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
I don’t have a job right now, can I still apply?

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.

I receive government benefits, can I still apply?


My money is limited right now (eg: no money to save or have some debts), can I still participate in the program?

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.

Is this a scam? Where does the matched savings come from?

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.

Can I take the program more than once? Can my partner/spouse take the program too?
  • 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.


Sign Up Below!

Upcoming Events
Online Steps2Savings – Matched Savings Programs Info Sessions

October 5, 2022

1:00pm to 2:00pm - This info session gives you all the details you need about our matched savings programs - earn while you learn! Momentum matches the money you save during the program.

Online Steps2Savings – Matched Savings Programs Info Sessions

November 23, 2022

1:00pm to 2:00pm - This info session gives you all the details you need about our matched savings programs - earn while you learn! Momentum matches the money you save during the program.

Financial Partners