Matched Savings for Youth

Program

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

"This program and Momentum has been one of the best things that's happened in my life."
Dali
Matched Savings for Youth Graduate
"Since taking the program I feel a lot more confident. I don't have any debt now, and I'm trying to put all the knowledge and experience that I've gained over the past couple of years into producing the most stable, efficient future for myself moving forward."
Victoria
Matched Savings for Youth Graduate
"With a new relationship towards money, I feel healthier and happier, and can do more of the things that I love."
Reagan
Matched Savings for Youth Graduate
"The matched savings from this program helped pay for a semester of university – but it also did something much bigger for me. I learned a third language that I was able to translate to my mom. The language of money."
Balteen
Matched Savings for Youth Graduate

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

Monthly

Yearly

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 info sessions

Financial Partners

Community Partners

Contact our Welcome Team

Our knowledgeable Welcome Team is happy to support you. Please contact us by clicking below or by calling 403-272-9323. Inquiries and messages will receive a response within 3 business days.