Group Launches Program To Help Montanans Save - ABC FOX MONTANA NEWS, WEATHER, SPORTS - KTMF/KWYB

Group Launches Program To Help Montanans Save

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MISSOULA -

A Montana company launches a program to help Montanans save and manage their money more effectively.

Saving money can be difficult, especially when you're looking to buy a house, get a higher education or start a business. This is a fact Missoula resident Jenny Brown is all too familiar with.

"Saving money is pretty hard, especially being a single mom of two kids," Brown said.

Brown was working with the Missoula Housing Authority to become more financially dependent, when she was offered the chance to be apart of a program by Neighborhood Works Montana, a group that helps people find affordable housing.

The program gave her the chance to make a savings goal and once it was reached, the company matched her savings goal.

She's now working to build her very own house with the help of the program.

"I had to be debt free and had to clear my debt, and be out of debt, and not be in any more into debt," Brown said.

To help more people like Brown, Neighborhood Works Montana and several of its partners are launching a program called Montana Saves Together.

"Savings is something as we know as Americans really struggle with, and home ownership, entrepreneurship and education are three ways that people can really improve their financial situation," said Kaia Peterson with Neighborhood Works Montana.

The statewide program helps Montanans save money by matching their savings to help them reach their goals of not only home ownership, but of getting higher education or starting a small business.

"We had an idea to go out to everyone in Montana, and say hey if you want to help support neighbors working to make these goals, any goal, we'd reach a broader audience, then if we tried just in our own separate areas," said Peterson.

Participants are provided free financial tools, savings services, advice and resources through the program. Once they reach their savings goal, the money is matched with contributions from Montanans across the state.

"It's pretty important, because being a single mom, it's there to help you put funds away that you normally can't do on your own," Peterson said.

People across the state can make contributions to help participants trying to save money reach their financial goals.

To find out how you can help head to Montana Saves Together.

 

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