Programs & Services

Saving Circle

filipino couple with son

Apply for Saving Circle. Is there something you or your family need, but it seems like you will never be able to save enough money? This program can support you to improve your financial situation.

How it works?

Saving Circle is a matched savings program. For every $1 you save in the program (up to $250), you receive a $3 match (up to $750). Your savings and the matched savings combine for up to $1,000 that you can use to buy things that:

Help you save money

For Example: a washer/dryer, a freezer

Help you with education or getting a job

For example: a computer, job-related training, books, cellphone, a Registered Education Savings Plan (RESP), a Peg City Car Co-op membership.

Are related to your health or quality of life

For example: eyeglasses, dental work, disability supports, a Registered Disability Savings Plan (RDSP)

Make your home better

For example: a damage deposit on a new rental, basic furniture

Help you build up emergency savings in a Tax-Free Savings Account (TFSA) at Assiniboine Credit Union

Please note: this must be paired with another eligible goal

As part of the program, you will attend an eight-week Money Management Training course on topics include:

  • Setting goals
  • Problem-solving
  • Budgeting
  • Banking
  • Credit, debt, and more

 

Eligibility for Saving Circle

  • Live in Manitoba
  • Have a strong desire to improve your financial future
  • Be willing and able to attend workshops
  • Have a gross household income less than the amount listed below. Enter the number of people who live in your household to see the maximum household income for this program. Your household includes you, your spouse (if you have a spouse), and children under 18 (if you have children) who live with you.

Household size

Income program cut-off
1 person $24,992
2 persons $35,345
3 persons $43,288
4 persons $49,985
5 persons $55,884
6 persons $61,218

7 persons

$66,123

 

APPLICATION  available here

 

Find Out More

Roxanne Cristobal | rcristobal@norwestcoop.ca |  (204) 782-8793
NorWest Co-op Community Health | 785 Keewatin St