Tag Archives: Financial Goals

“C” Gets an A in Finances

“C” first came to Easter Seals Greater Houston as a participant in a Credit Workshop hosted by Volunteers of America Conroe.  She decided to set up a one-on-one coaching appointment for herself and her husband.  She entered Easter Seals Greater Houston’s Financial Coaching Program with bad credit, $8,000 worth of debt and a family budget that was out of control.  Her goal was to stick to a set monthly budget, reduce her debt and improve her credit score in order to buy her first home.  Unfortunately, due to COVID-19 and campus restrictions, she was unable to finish her nursing program training, however she has diligently worked to communicate with and pay off creditors, reduce debt and spend less money each month.  Her credit score improved from a 520 to a 637, she reduced her debt from $8,000 to $184, and she decreased her monthly expenses by $1,814.  We are so proud of C!

Did you know that anyone can participate in our FREE one-on-one financial counseling or our classes that help you with your budget, money management, raising your credit score and more? Learn more about Easter Seals Greater Houston’s free Financial Education, Homebuyer Education Services & Public Benefits Programs today!

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Making Houses Homes

Are you a First Time Home Buyer ready to purchase your new home?  If so, congratulations, you have made the first step by reading this blog. My name is Jenny Lopez-Martinez and I am a Financial and Housing Coach for Easter Seals Greater Houston. I would like to invite you to our virtual Homebuyers Education Classes where you will learn the tools needed to become a homeowner.  We will discuss various ways to budget; every participant will receive a budget sheet at the end of session 1. The budget sheet is a tool used to help participants create and reach their financial goal. The class will also discuss the importance of having a savings especially if you are buying a home. The class will introduce the steps on how to pull your credit report, review your credit report and rebuild your credit. We will also review the mortgage loans products, the down payment assistance programs, and every participant will receive additional resources from Freddie Mac.  This is a U.S. Department of Housing and Urban Development (HUD) approve course and open to anyone who is ready to buy their first home. Since the classes are virtual, we are providing the classes in session 1 and session 2. At the end of session 2 or once both classes are completed, you will receive a certificate for your participation. We welcome you to learn more about and participate in our upcoming Homebuyer Education Classes.

Learn more about Easter Seals Greater Houston’s free Financial Education, Homebuyer Education Services & Public Benefits Programs today!

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THRIVE-ing in 2021

Is one of your goals for 2021 to budget or to save money? Easter Seals Greater Houston’s THRIVE team is launching an online Zoom financial education class focusing on budgeting and food. In this class we will discuss a wide range of tips and tricks on how to save money at the grocery store including: why creating a budget is important; how to easily work making a grocery list, checking sale ads and coupons to save money into your life; how to navigate grocery store apps; and how you can implement these cash saving tips in your life.

Check out some of the tips we have for saving money! Join our class and get the in depth knowledge by emailing JGaehring@eastersealshouston.org today.

  • Did you know that there are sale cycles on products?
  • Being aware of when and what goes on sale and combining coupons is the secret extreme couponers use
  • Did you know there’s a way to get a Sunday paper for only a $1.00?
  • Did you know there are now manufacture digital coupons or that some grocery stores will match their competitors pricing?
  • Did you know there are certain tricks you can combine to save the most money?
  • Did you know that there are websites that do all the work for you and recommend where to go for best sale and coupon combinations?

We will be going over how to use grocery store apps, sale ads and coupons to your advantage and how planning ahead can save you money. Learn the secrets and tips to save money on your grocery store trips. Please contact Jessika Gaehring at Jgaehring@eastersealshouston.org if you are interested in this class.

Our THRIVE Program aims to help Veterans, those with disabilities, and their caregivers learn how to budget, one-on-one financial coaching, home buyers education classes and help finding a job.

To learn more about Easter Seals Greater Houston programs please contact

Homebuyers Education Classes & One-on-One Financial Coaching – Jenny Lopez-Martinez at JLopez@eastersealshouston.org

One-on-One Financial Coaching and Financial Classes – Jessika Gaehring at Jgaehring@eastersealshouston.org

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Military Financial Wellness With Freddie Mac

Set any New Year’s Resolutions to help build and maintain better credit? We can help!  Take advantage of our webinar series with Easterseals and Freddie Mac – build and maintain better credit, and prepare for successful long-term home ownership! paull roberts 2

Did you know that Veterans are more likely to have credit card challenges? We meet countless Veterans and military families facing difficult situations, which is why we’ve created more resources and options for military members looking to achieve financial wellness. Check out our video series below!

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Home Sweet Homeownership

If the headlines are to be believed, it’s been a tough few years for the first-time homebuyer.  Reports circulate of homes listed in the morning and under contract by the evening.  Interest rates are inching up, credit scores are tightening, and those pesky student loans mixed in with car loans and credit card debt are creating a debt-burdened buyer with little wiggle room to take on an additional mortgage.

Yet despite the unfriendly market, attendees of our Down Payment Assistance Workshop given by Easter Seals Greater Houston in The Woodlands, continue to realize their homeownership goals. As class settles in Saturday mornings, and we begin to discuss available down payment assistance programs, the conversation around the table always seem to return to two main concerns:  where am I going to get the money for down payment, and how do I dare add a mortgage payment to my already hefty debt load.

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I’m happy to say that the first question has a simple answer.  There are a variety of down payment programs designed for the homebuyer lacking the out-of-pocket funds for a home purchase which may be combined with a number of great mortgage loan products.

To the second question, there is no simple answer.  Creating a realistic budget which controls spending and reduces debt continues to be the subject of scrutiny from social scientists to behavioral economists, with agreement as to the need, but little consensus as to what constitutes a successful plan.

In our present-day digital world, the proliferation of budgeting and spending apps designed for your mobile device of choice has been overwhelming.  Mint.com, the  ‘Cadillac’ of apps, with a reported 20 million users to date, set the standard in app technology for linking all financial accounts, and with one stroke, allowed a user to monitor the flow of dollars in, dollars out.

Pocketsmith.com, referred to as a crystal ball for your bank accounts, generates what ifs scenarios through delightful images of your future if you stick to your budget –  key word here being if.

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YNAB.com, You Need a Budget app, preaches zero sum game approach, with every dollar assigned a ‘job’.  As the app says, you are in effect, the ‘maestro’ in charge of sending every dollar to its pre-determined role; i.e., savings, vacation, credit card debt, etc., before buying that impulse item.  The thinking here is that if every dollar coming in is already pledged to some expenditure, then you are less prone to splurge on that fun spur of the moment experience not included in your master plan.

As software designers have become more bold, recent apps have devised more and more ingenious ways to move dollars from the ‘to be spent’ column to savings.  For example, Acorns.com focuses on your pennies by rounding up your expenses to the next dollar and investing in a pre-determined investment portfolio.

Digit.com app takes an even bolder approach to policing your disposable income by sifting out anywhere from $5 to $50 of your fun money and stashing it safely away in a savings account.  Their website states that this dollar round-up is accomplished so surreptitiously, that “you should never notice its missing”.   (Somehow, I think I would notice!)

Yet despite all these sophisticated apps, we still struggle to control our spending.  For most of us, the recommended emergency fund of 3-6 months of living expenses remains a pipedream, and paycheck to paycheck living is far too common.

Maybe the problem is that budgeting apps have not gone far enough in making spending so unpleasant, that we are forced to become a nation of savers. If we look outside the app world of money management, you find some pretty extreme versions of self-help strategies conceived to reach your goals.

For those people who renew their New Year’s pledge every year to exercise on a regular basis, Equinox, a health club chain, has designed a chatbot that reaches out to members weekly to “encourage” them to stay on track with their exercise regime. (I think the word “encourage” here could be a euphemism for nag or hassle.)hoyo-staff-and-family-close-up

For those people who struggle to wake up mornings, there is a very annoying alarm clock called Clocky on the market which doesn’t just beep you awake, but actually jumps off your bedside table and runs off to the far corners of your room.  Needless to say, if you want to turn off Clocky’s beep, you have to get out of bed and chase it around the room. You would start your day on schedule, but probably not in a very good mood – always trade-offs!  Do we really want or need to design budgeting apps with similarly irritating functions to help us reach our financial goals?

I suggest that there are other approaches to achieving a financial stability that opens the door to homeownership.  Easter Seals Greater Houston offers a variety of classes focused on credit building and debt reduction through our HUD-certified Homebuyer Education Classes.  As a great first step towards homeownership, our Down Payment Assistance Workshop covers a range of assistance programs, mortgage products, and income/debt ratios review in determining how much house you can afford.  The combination of peer-support group classes and one-on-one counseling is invaluable in helping you create a realistic action plan that moves you forward to your goals.

The proper money management app can serve as a great budgeting tool for individuals working towards specific financial goals, but are only part of the equation.  The Easter Seals housing staff is here to provide you with comprehensive counseling services to ensure that your financial plan will take you where you want to go.

Katy Thorstenberg, Housing Program Manager, Easter Seals Greater Houston

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Time To Re-Establish Some Good Financial Habits!

It’s back-to-school time! And even for those of us that are well past our school days, it can be really easy to relax our routines over the summer. That means that this time of year can be a perfect time to re-establish some good habits and get back on track toward achieving financial goals.

Here in the Easter Seals Greater Houston Housing Initiative, we love to remind our clients that small steps can help us reach big goals. Getting ready to purchase a home starts with small steps and good habits, such as making and sticking to a budget. There are lots of easy ways to make a household budget; you can put pen to paper, make yourself an Excel spreadsheet, or use one of the many cool new apps out there for your phone, like Mint. Whichever method you choose, get started right away! With back-to-school shopping out of the way, September is the perfect month to start and stick to your budget; just make it part of your new routine, just like getting to bed early, packing lunches, and all the other good habits that come with getting back into the school swing!house

Still not sure that a household budget will make a difference? Just ask Easter Seals Greater Houston’s client Laura! She came in for an appointment with a coach and worked out a household budget so that she and her husband could pay off some debt and start saving for a house. Three short months later she had paid off two outstanding bills, paid off her vehicle, and started saving toward a down payment for a house! She and her husband hope to purchase by the end of the year.

Another Easter Seals client, Christine, used her household budget to determine how she could pay more than her minimums on her credit cards plus save a little money each month on a very fixed income. With her new budget in place, she received a windfall in the form of a monetary gift from her brother, and since she already had her financial plan in place, she knew just what to do with that money. She opened a high-yield savings account with it and is now on her way to paying off her debt without sacrificing her ability to save for a “rainy day!”

If you’d like help making your budget, give Easter Seals Greater Houston a call! We have lots of great tips and tricks to get you back on track toward your financial goals, whether that means buying a house, increasing your savings, or improving your credit scores. Check out our calendar so you can join us for a class or come in for an appointment!

Dana Adams, Housing Initiative, Easter Seals Greater Houston

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