Posted: Aug 27, 2013 3:23 PM by Cody Proctor - MTN News
Updated: Aug 27, 2013 3:23 PM
GREAT FALLS - For the past two years, Jennifer and Jason Triplett of Great Falls have been saving money to buy a home.
Two week before Christmas, they were finally approved for one by Habitat For Humanity.
Jennifer recalled, "They told our son first. They whispered in his ear and asked if he could keep a secret and then his eyes lit up, so then we knew. It was like...it was the best Christmas gift you could ever ask for."
And as the Tripletts finish saving for their new home, a donor can save along with them.
NeighborWorks Montana recently launched Montana Saves Together, a program designed to have potential donors 'adopt' a saver, matching funds as they do.
Carrie Koppy of NeighborWorks Great Falls says the program creates a personal tie between donors and savers working toward a home, going to school, or starting a business.
Koppy noted, "It's the first time we've tried what they call crowd-funding and that is an attempt to use the internet to get people to help on a one to one basis."
But when a participant finishes saving, the money matched doesn't go to them, but rather into a pool to be used for other savers.
That's because when a saver reaches $1,000, they're matched with $4,000 of already available money.
The donated funds will later be used for future matches, allowing NeighborWorks to rely less on federal grants.
Building on the Triplett's new home starts next month and they think they'll finally be able to move in next April.
Jason said, "It's going to be the coolest thing that's ever happened to us."
Jennifer added, "There will probably be a lot of tears and a lot of joy and a lot of screaming and like excitement. I can just -- I have a feeling that day's going to be a ball of emotions.
Click here to learn more at MontanaSavesTogether.org, including this overview:
You can contribute as little as $25 a month to match the savings of a fellow Montanan trying to improve their lives by going to college, buying a home or starting or expanding a small business.
Your secure, tax-deductible gift goes into a pool of funds to be dispersed to the homeseller, college, or vendor once the saver has participated for at least six months and has completed all the training requirements to reach their savings goal.
MontanaSavesTogether is a statewide campaign involving five nonprofit organizations that are helping Montanans build wealth by setting and reaching goals of homeownership, higher education and small-business work.