The Challenge: Save $40 a month for 10 months & get a savings boost of up to $100.
Winning at life starts with small steps. QUBER works by automatically withdrawing money from your bank account and setting it aside (like a pre-authorized debit). These savings do add up, and you may find you have enough to go back to school, purchase a home, start an emergency fund, or plan for your family’s future.
Momentum has been supporting Calgarians to save money for more than 20 years. We are now partnering with QUBER to offer this Challenge for free and make the habit of saving even easier.
What incentives can I get and when?
For each month you save $40, you’ll earn up to $100 in cash incentives
+ Starting bonus, get this right away just for signing up ($5)
+ Saving boosts, each time you move money ($50 total)
+ 3-in-a-Row boosts, when you move money 3 times in a row ($30 total)
+ Completion bonus ($15)
Plus, by participating in this Savings Challenge, you are automatically eligible for QUBER’s Save to Win prizing.
Who can join the Momentum Savings Challenge?
- Anyone who lives in Calgary and area
- Is 17+ years of age
- Is currently living on a low income (your household income is below this cut off chart, before tax)
Anyone can use QUBER, free, regardless of income. However, your income must meet the below cut off to participate in the Momentum Savings Challenge.
|1 person||$ 3,083.03||$ 36,996.40 |
|2 persons||$ 3,838.22||$ 46,058.60|
|3 persons||$ 4,718.58||$ 56,623.00|
|4 persons||$ 5,729.03||$ 68,747.40|
|5 persons||$ 6,497.75||$ 77,973.00|
|6 persons||$ 7,328.30||$ 87,939.60|
|7 or more persons||$ 8,159.08||$ 97,909.00|
How do I join?
- Download the QUBER app
- Select Group Savings Challenge (the purple, or second button)
- Select Momentum from the list of challenges
- Complete the eligibility questions and start saving! Each month you save $40 you will earn different cash incentives
What QUBER users are saying
Frequently Asked Questions
The QUBER savings app is free to download. When you sign up for the Momentum Savings Challenge on QUBER, your bank account will be linked in the app securely. Money will be automatically withdrawn from your bank account bi-weekly or monthly (you choose!) and moved to the QUBER bank account, the QUBER Vault, for safe keeping. Each time you reach pre-defined challenge milestones, you will earn incentives. View your incentives balance in QUBER.
Click here to view our QUBER demo video if you are a new user.
Click here to view our QUBER demo video if you are already a QUBER user.
We are a Registered Charity. Since 1999, Momentum’s Matched-Savings Programs
have empowered people who are living on low incomes with limited assets. The funding for this program is from our financial partners who support our organization. Learn more about our funders here.
QUBER is a Canadian fintech company and recent winner of the Desjardins Fintech Challenge in 2020.
The starting bonus is earned as soon as you join the Savings Challenge. All other incentives that are tied to withdrawals from your bank account will be earned 5 business days after the money starts to transfer to the QUBER Vault.
Stop the Challenge by clicking, “Cashout”. You can then choose to ‘Cashout and Continue” which transfers your savings and incentives to your linked account, but you can still continue the Challenge. Or, choose to “Cashout & Quit’.
If you are worried that you might not have money in your bank account for your next savings withdrawal, you can skip a withdrawal (watch how to video by clicking here). First, open QUBER and navigate to the Momentum Savings Challenge. Under the Details section, you will see ‘Next withdrawal’ with a date. Look for the ‘Skip withdrawal’ link. This will skip the next withdrawal and automatically continue with the next withdrawal. Please note, by skipping a withdrawal, you may lose out on some incentives.
BE AWARE: if QUBER attempts to withdraw money that is not available in your account, you are at risk of paying a Non-Sufficient Funds (NSF) fee to your bank. NSF fees can be upwards of $50.
There are many different ways to save on QUBER. The Momentum Savings Challenge is one way. Setting up a QUBER jar is a different way. What you save in a QUBER jar will not count towards your Momentum Savings Challenge.
We recommend that you avoid using jars until you have completed our challenge. Our most successful savers focus on one thing at a time. However, if you've already set up a jar and want to pause it, watch this video to learn how.
Download the QUBER app to start the Savings Challenge now!
If you’re not quite ready to join yet, sign up for our Savings Challenge emails instead.