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Saving Circle

Excited woman in eyewear putting coin into piggybank
Get $3 for every $1 you save towards a goal up to $1,000

How Does It Work?

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, cell phone, 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 including:
 

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

Am I Eligible?

To qualify, you need to:

  • Live in Manitoba
  • Have a strong desire to improve their 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.

Low Income Qualification Calculator

Please note: You are not eligible if you, or someone in your household, has previously received matching funds from any Asset Building Program in Manitoba.

How Do I Apply?

Note: Saving Circle spots at SEED are currently full for 2024.

Saving Circle is also offered through Empower Manitoba partner sites across Manitoba. Please reach out to one of the following partner sites to apply:
 
Immigrant and Refugee Communities of Winnipeg (IRCOM)
Open to newcomers to Canada in the past 5 years
 
The Link
(204)-949-6500
Must be a program participant of The Link
 
NorWest Co-op Community Health
(204)-782-8793
Open to anyone who meets the eligibility criteria. Priority is given to Inkster residents.
 
Pluri-elles
(204)-223-1735
Open to French speakers
 
Manitoba Possible
(204)-975-3103
Open to anyone living with a visible or invisible disability
 
Urban Circle
(204)-589-4433
Must be enrolled in an Urban Circle training program
 
Ma Mawi Wi Chi Itata Centre (Ma Mawi)
(204)-925-0340
Open to anyone who meets the eligibility criteria

Healthy Muslim Families
(204)-202-6491
Open to anyone who meets the eligibility criteria

Who Do I Contact If I Have Questions?

Please call (204)-927-9947 or email ABPAdmin@seedwinnipeg.ca for more information.

participants assets icon

Program participants purchased assets worth over $445,000 in 2023.

See More Impact Measures
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Lori joined the program on a recommendation from a friend with the goal of saving for a new bed. For every dollar she saved, she received three dollars from SEED.

Read Lori's Story