Ms. Taylor, a divorced mother of four, entered the Save Up Program in March of 2013 with dreams of becoming a homeowner.
Getting to the six weekly financial management workshops was a challenge for Ms. Taylor. Her plate was full as a mother, a graduate student, and a full-time social services worker. In January 2014, she was able to purchase her home.
Ms. Taylor believes that being a part of the Save Up Program enhanced her life in many ways.
She says that Save Up has helped her to set financial goals. She said, “I want to be sure that I take the knowledge that I have gained one step further by saving and investing my tax returns this year. I have been doing the research so I can make an informed decision on how to invest my money."
She has also shared with her children the importance of developing good spending and saving habits. She says, "I want them to grow up making financially sound decisions.”
Ms. Taylor was able to make her dream of homeownership a reality with the knowledge and skills that she acquired in the Save Up program!
We just completed a busy week of report card redemptions in the Goal Card program! Our students brought their report cards and met with volunteer coaches, who helped them to tally up their points and set goals for the next 9 weeks.
We have over 500 students enrolled in the Goal Card program - more than 400 of those students banked their points this quarter! The students are learning to save their points, to use to buy something bigger and better for themselves at the end of the year.
One of the students shared that he thought about redeeming his points this quarter for headphones. He realized after talking with his Goal Card coach that he could save his points for this quarter and he would have enough points for a gift card, which he could use to buy his headphones AND music to listen to!
We are building a community of savers, who are learning important financial literacy concepts, like the importance of delayed gratification!
Erica, a Save Up participant, worked in manufacturing and wanted to make a better life for herself and her two sons. After completing the financial literacy component of Save Up, Erica began saving. She saved enough to purchase her first asset - a new computer! She and her sons use the computer for schoolwork. Erica has gone back to school and hopes to open her own business after completing her education. She is still saving and working towards her next asset goal!
She has found having a computer to be especially helpful for her family because her sons are able to do their homework without having to go to the library. She also finds it helpful in advancing her career because she is able to fill out job applications online. She says that the computer has been a lifeline for her family.
Your support helps savers like Erica - and the 550 current savers and graduates - learn the skills that they need to help their families build better lives. We look forward to sharing more of the successes of our program participants!