New Ventures Maine (NVME) can help you

  • Learn to budget
  • Repair your credit
  • Make a savings plan

Core class:

  • My Money Works: Tools for Smart Money Choices

Other training

  • Budgeting Basics
  • Clean Up Your Credit
  • Build Your Savings

Matched Savings Programs

Family Development Account (FDA) Program

Please note: The FDA program is funded through federal grants. A limited number of accounts are available each year.

The Federal FDA Program offers a matched savings account for income-eligible individuals and families who want to save money to:

  • Buy a home
  • Pay for education or training
  • Start or expand a small business

Maine FDAs: The match for the following asset goals is provided by the Maine Department of  Health and Human Services Office for Family Independence and accounts require a minor child in the household:

  • Home repair
  • Vehicle purchase
  • Vehicle repair
  • Emergency savings

This program matches each dollar you deposit in your FDA with up to $4 from public funding and private donors. It also gives you guidance on how to save and manage your money effectively, how to build good credit, and how to reach your goal.

FDAs are for individuals and families with household income under 200% of the Federal Poverty Level. Those eligible for TANF or the Earned Income Tax Credit usually qualify.  The program has a household asset limit and a training requirement.

FDA Income Eligibility 2017

FDA Questions and Answers 2017

       FDA Pre-application

Rainy Day Savings Account

The Rainy Day Savings Account (RDSA) Program offers a matched savings account for income-eligible individuals and families who want to save money to pay for unexpected emergency expenses. This program matches each dollar you deposit in your RDSA with $1 from private donors.

Rainy Day Savings Account Income Eligibility 2017

Rainy Day Savings Account Questions and Answers 2017

ClassDateProgram AreaLocationRegion
My Money Works2017-05-02 May 02, 2017
(ends May 30, 2017)
Manage your MoneyFort KentNorthern
Clean Up Your Credit2017-05-30 May 30, 2017Manage your MoneyPresque IsleNorthern
My Money Works2017-05-09 May 09, 2017
(ends June 06, 2017)
Manage your MoneyEllsworthNorth Central
My Money Works2017-05-22 May 22, 2017
(ends June 12, 2017)
Manage your MoneyPresque IsleNorthern
My Money Works2017-09-11 September 11, 2017
(ends October 02, 2017)
Manage your MoneyBrunswickMidCoast