Vermont Matched Savings Program

The Vermont Matched Savings program (VMS) helps you save towards a goal resulting in a positive change in your financial security. VMS savings can be used towards one of four goals:

  • Starting or expanding a business

  • Buying or repairing a home

  • Buying or repairing a vehicle used to get to work

  • Higher education to help you advance professionally 

When you join VMS, you open a special savings account. For every dollar you save in the account, up to a maximum of $1,000 over two years, you will receive $1 from VMS. If you save the maximum amount ($1,000), you receive an additional $1,000 from VMS towards your goal! By the end of your time with VMS, you will have $2,000 to use towards your goal – the $1,000 you saved plus the $1,000 VMS match.

As part of the program, you will take Growing Money classes on budgeting, saving, and credit. You will also have one-on-one financial coaching to help you set and achieve your financial goals.

For more information on what qualifies as approved expenses, visit the state website

Vermont Matched Savings is a state funded program sponsored by the Office of Economic Opportunity.

Contact Information

vms@cvoeo.org