Taking Back Control Over Finances

After becoming a Virginia Saver and getting help from BankOn classes and coaching, Nadine Bilowas took back control over her financial affairs.

Nadine admits that after her divorce she made some financial commitments to timeshares that really stressed her monthly budget, forcing her to look for creative ways to make ends meet like finding a roommate. She had budgeted for years, but didn’t feel like she was making enough progress.

After learning how to categorize her budget to show when she would make her final credit card payment and then retiring the credit card, Nadine was able to earmark those funds toward the next debt. Now, she is seeing a debt snowball work for her and as debts are paid, she has more money for savings and current expenses. Nadine is excited to have her income tax bill paid in full and to have a plan in place for withholdings, so that future tax years don’t have to be a burden.

A phone scammer offering to lower her credit card interest rates led Nadine to contact her credit union. The representative at the credit union confirmed the scam, but also was able to qualify her for a lower rate card so now more money pays down debt and less goes to interest.

By taking action to pay down debt, Nadine has seen her credit score increase and debts get smaller, one step at a time.

Nadine feels much better about her financial position today than she did before becoming a Virginia Saver. She is managing her monthly income and expenses. When something comes along that tempts her to spend, she sees if she is on track with her budget and makes a wise decision. Her motto is: “Bills first, then fun.”

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Katie Bryan | November 23, 2013

    Tip to #Save: Pay off Credit Cards as Soon as Possible. http://ow.ly/FJyDM via @Bankrate

Saver Stories View all »

Taking Steps Toward Financial Fitness

Written by Tammy G. Bruzon | November 7, 2014

Nicky Vasquez learned about Virginia Saves when she attended her first class with Bank On Virginia Beach. The instructor shared how important it was to have a written savings goal, and the entire class joined Virginia Saves as the first step toward financial fitness.

Read more...

Coping with a Lost Job

Written by Katie Bryan | October 28, 2013

Aimee Shaffer worked as a Public Service News Director for radio for years until one day her employer downsized the company, resulting in hundreds of lost jobs, including Aimee’s.

Read more...

Another Dream Realized

Written by Tammy G. Bruzon | November 7, 2014

Mary Brown was already a disciplined individual when she came to Wisconsin Saves coordinator Wisconsin Women’s Business Initiative Corporation (WWBIC) in last summer. She had successfully completed her bachelor’s degree with the assistance of her husband and son, and was now ready to tackle her next big dream – homeownership.

Read more...

Receive Updates

Sign up for Texts

Written by Tammy G. Bruzon | July 15, 2014

Sign Up

Sign up for Emails

Written by Super User | September 16, 2013

Get Emails

Take the Pledge

Written by Super User | September 16, 2013

Start Saving