Matched Savings Program
Britepaths' Matched Savings program is designed to help clients habituate savings skills as part of their Financial Literacy skill building. Financial Mentoring clients who qualify to participate have demonstrated that they are motivated to make changes in their financial habits, and have been working with a Financial Mentor for 12 months or more. Clients must make a minimum monthly deposit of $25 into a dedicated savings account, and not withdraw the funds over the course of the year. At the end of the 12 months, if consistent deposits were made, Britepaths will match up to $500. Client must show their Financial Mentor their monthly bank statement. Lump sum deposits (such as tax refunds) are not considered for participation, as this program teaches the benefit of a long-term saving habit.