Start Saving is a matched savings program designed to help people buy their first home, pay for education or start / upgrade a business.

Every dollar put into the account is matched by three dollars.

Eligibility

• 18 years or older
• Minnesota resident
• Household income is at or below:
  1 person = $19,600
  2 people = $26,400
  3 people = $33,200
  4 people = $40,000

Program Requirements

• Save $40 per month in a special savings account, also called an individual development account (IDA).
• Enroll in financial education classes to reduce debt, repair credit and meet savings goals.
• Meet with a coach for support in reaching financial goals.

Getting Started

Contact any of the Family Assets for Independence Minnesota (FAIM) agencies and ask for the FAIM coordinator.

• 763-783-4747: ACCAP (Anoka)
• 763-783-4747: Community Action Partnership for Suburban Hennepin
• 651-603-5881: Community Action Partnership of Ramsey and Washington Counties
• 651-322-3500: Scott/ Carver/ Dakota Community Action Program:
• 651-646-3808: WomenVenture

More Information

• View our Start Saving flyer (PDF)
• Read about Kristy, who bought her family home through a FAIM account.
• Need budget help?  United Way 2-1-1™ is a free and confidential helpline available 24/7.  Information and referral specialists can help connect you to over 40,000 community resources.  Just dial 2-1-1 or 651-291-0211.