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!
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