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IDEAS

Individual Development Emergency Account for Savings

Individual Development Emergency Account for Savings (IDEAS) is a program designed to assist those with creating an emergency savings account. The program has two components available: Emergency Matched Savings Account and Financial Relief. Both the emergency matched savings account and financial relief can be used independently or in conjunction based on the needs of each individual neighbor. Those who participate will be required to attend counseling sessions and online education as a part of this program. 

Emergency Matched Savings Account

IDEAS provides the opportunity for a one-time match of $250 after one full year of saving. This program is available to neighbors who need an emergency relief account in place of up to $500. Participants will make a year of payments for the $250 match, based upon client affordability and goals.
 

Once the client reaches their successful year of saving, they will receive the $250 match, totaling their emergency matched savings account to $500. Download the application here.

Financial Relief

Individuals facing hardship and needing immediate financial relief may qualify for a maximum loan of $500 for emergency use. Upon approval, the participant will be set up on a payment plan in order to successfully pay back the emergency loan to NeighborWorks Great Falls. Monthly payments are based on affordability. 

 

Participants will complete a spending plan, review their credit, and develop goals and plans to manage debt in the future during a free financial counseling session. 

Family Size

Income Level

3

$64,250

$51,400

$73,888

$77,100

$80,313

1

$50,000

$40,000

$57,500

$60,000

$62,500

2

$57,125

$45,700

$65,694

$68,550

$71,406

8

$94,250

$75,400

$108,388

$113,100

$117,813

7

$88,563

$70,850

$101,847

$106,275

$110,703

6

$82,813

$66,250

$95,234

$99,375

$103,516

4

$71,375

$57,100

$82,081

$85,650

$89,219

100%

80%

115%

120%

125%

5

$77,125

$61,700

$88,694

$92,550

$96,406

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406-761-5861

509 1st Avenue South

Great Falls, MT 59401

Monday - Thursday | 8am - 5pm
Friday | 8am - 12pm

@2018 NeighborWorks Great Falls. All Rights Reserved

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