Taking Back Control Over Finances

After becoming a Virginia Saver and getting help from BankOn classes and coaching, Nadine Bialo 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

  • Get some much needed relief. Apply your #taxrefund to your outstanding #debt >> http://bit.ly/2hTDPg2 @AmericaSaves

Share Your Tip or Story

And if we feature you in our newsletter, you get $25.

Share

Saver Stories View all »

Taking Back Control Over Finances

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

Read more...

Saving Early: Key to Successful Future

For Johnnie Lovett, a Young Illinois Saver, saving has been a habit since he was a teenager. “As a teenager, I was responsible for buying certain things with my allowance,”

Read more...

The Gift of Homeownership

Quaneka Willis, a single mother of three children, was receiving rental assistance through the Housing Authority of the City of Milwaukee when she decided to take control of her finances. So, in September of 2013 she attended the Make Your Money Talk program and pledged as a Wisconsin Saver. In less than 12 months, she had maximized her savings and was beginning the process of purchasing her first home.

Read more...

Receive Updates

Sign up for Texts

Sign Up

Sign up for Emails

Get Emails

Take the Pledge

Start Saving