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Program

Matched Savings for Youth

Program starts: Wed Mar 20, 2024

Save Money. Manage Your Finances. Build Your Future!

A young man with dark skin and black hair, sitting on steps, holding educational binders and paper bills.

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. If you are older than 24, our Matched Savings for Adults programs may be for you!

Matched Savings Program Success

  • "I’m grateful that this program exists. I have learned so much and have met many wonderful people, in person and online. As a young adult that did not have much experience with managing money in the beginning, I can say that after finishing this program that I am very confident in managing money now than I did before."

    AS

    Matched Savings for Youth Participant
  • "This program has been so rewarding to me and my future. It feels really good to have started saving money on my own terms and putting it towards my education, which I greatly value. Thank you Momentum!"

    DF

    Matched Savings for Youth Participant
  • "Prior to being a part of this program, I had little to no knowledge of financial education on how to manage my savings, taxes, credit, etc. However, now that I have completed the program, I feel that I am able to manage my financial well-being to a great extent than before."

    GH

    Matched Savings for Youth Participant

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

  • Close view of a person's arms pressing a button on a calculator and holding a document, with a computer keyboard out of focus on the foreground.

    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

Next available sessions

Program starts: Wed Mar 20, 2024

Financial Partners

  • United Way of Calgary and Area logo on a transparent background
  • Family & Community Support Services (FCSS) logo on a transparent background
  • RBC Foundation logo on a transparent background.

Community Partners

  • Aspire Calgary logo on a transparent background

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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