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

 For more information or to apply for the FDA program, contact your regional NVME office or call 207-621-3434.

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
Your Money Personality2017-08-21 August 21, 2017Manage your MoneySacoSouthern
Clean Up Your Credit2017-08-29 August 29, 2017Manage your MoneyLewistonWestern
Car Buying Basics2017-08-30 August 30, 2017Manage your MoneySouth PortlandSouthern
Clean Up Your Credit2017-09-06 September 06, 2017Manage your MoneySacoSouthern
Budgeting Basics2017-09-13 September 13, 2017Manage your MoneyLewistonWestern
Your Money Personality2017-09-14 September 14, 2017Manage your MoneyIslesboroMidCoast
Budgeting Basics2017-09-20 September 20, 2017Manage your MoneyOxfordWestern
Budgeting Basics2017-09-20 September 20, 2017Manage your MoneyGraySouthern
Budgeting Basics2017-09-26 September 26, 2017Manage your MoneyTurnerWestern
Your Money Personality2017-09-27 September 27, 2017Manage your MoneyOxfordWestern
My Money Works2017-09-11 September 11, 2017
(ends October 02, 2017)
Manage your MoneyBrunswickMidCoast
My Money Works2017-09-06 September 06, 2017
(ends October 04, 2017)
Manage your MoneyFarmingtonWestern
Budgeting Basics2017-10-04 October 04, 2017Manage your MoneyBethelWestern
Budgeting Basics2017-10-10 October 10, 2017Manage your MoneyGardinerCentral
Clean Up Your Credit2017-10-11 October 11, 2017Manage your MoneyOxfordWestern
My Money Works2017-09-21 September 21, 2017
(ends October 12, 2017)
Manage your MoneyBoothbay HarborMidCoast
Budgeting Basics2017-10-16 October 16, 2017Manage your MoneySacoSouthern
My Money Works2017-09-14 September 14, 2017
(ends October 19, 2017)
Manage your MoneyOaklandCentral
My Money Works2017-09-21 September 21, 2017
(ends October 19, 2017)
Manage your MoneySacoSouthern
My Money Works2017-10-03 October 03, 2017
(ends October 24, 2017)
Manage your MoneyLewistonWestern
Clean Up Your Credit2017-10-25 October 25, 2017Manage your MoneyTurnerWestern
My Money Works2017-10-16 October 16, 2017
(ends November 06, 2017)
Manage your MoneyBangorNorth Central
Budgeting Basics2017-11-07 November 07, 2017Manage your MoneyMexicoWestern
Clean Up Your Credit2017-11-14 November 14, 2017Manage your MoneyMexicoWestern
My Money Works2017-10-30 October 30, 2017
(ends November 27, 2017)
Manage your MoneyPresque IsleNorthern
Your Money Personality2017-11-28 November 28, 2017Manage your MoneyMexicoWestern
My Money Works2017-11-07 November 07, 2017
(ends November 28, 2017)
Manage your MoneyOxfordWestern
My Money Works2017-11-07 November 07, 2017
(ends December 05, 2017)
Manage your MoneyCamdenMidCoast