Matched Savings for Youth
Program starts: Wed Mar 19, 2025
Save Money. Manage Your Finances. Build Your Future!
Do you want to save for school or need money for textbooks? Maybe you need to buy tools for work or want to start your own business?
Matched Savings for Youth will teach you how to save and manage your money during 2-hour evening workshops, twice a month, for 6 months. Momentum will match the money you save 4:1, which you can spend on tuition, textbooks, a laptop for school, tools for work, RESP, RDSP, or starting your own business. If you save the maximum $75/month for 6 months, you will have $450 of your own funds and $1,800 of Momentum’s funds. That’s a combined savings of $2,250 towards your future!
Intake begins in March, and again in September of each year. Contact our Welcome Team below to learn more about the program, and to be connected with our facilitator.
This program is for participants between the ages of 16 and 24. Students or non-students may apply.
If you are older than 24, our Matched Savings for Adults programs may be for you!
Matched Savings Program Success
Income Criteria
To qualify for this program, your household must be living on a low income, below the following cut-off chart (before tax).
Household Size
1 person
Monthly:
$3,052.60
Yearly:
$36,631.23
2 people
Monthly:
$3,800.32
Yearly:
$45,603.89
3 people
Monthly:
$4,672.04
Yearly:
$56,064.50
4 people
Monthly:
$5,672.43
Yearly:
$68,069.19
5 people
Monthly:
$6,433.62
Yearly:
$77,203.43
6 people
Monthly:
$7,255.96
Yearly:
$87,071.55
7 or more people
Monthly:
$8,078.49
Yearly:
$96,941.92
What you will get from this course
Take-home resources
You will be provided with planning tools, worksheets, and other resources to support you on your journey.
Is this program right for you?
Do you qualify?
You are between 16 & 24 years old.
You are a permanent resident or citizen of Canada.
You live in Calgary and area (or if you are Indigenous, Inuit or Metis living in surrounding Treaty 7 territory).
Your household income is under the Low Income Cut Off.
You have a net worth no greater than 50% of the Income Criteria stated above (some exceptions apply).
You carry debts amounting to no more than 50% of your total gross annual income (some exceptions apply).
If you have questions about these qualifications, scroll down to contact our Welcome Team.
Students or non-students may apply.
Next available sessions
Program starts: Wed Mar 19, 2025
Contact our Welcome Team
Our knowledgeable Welcome Team is happy to support you. Please contact us by clicking our Contact Form below, or by walk-in or phone. Form inquiries will receive a response within 3 business days.
Contact Us
Matched Savings for Youth
Save Money. Manage Your Finances. Build Your Future!
Dates vary
Part time
Evening
Youth, Lower income
Free
In person, Online
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