Starting Over

Until last summer, Michael Lindman spent money freely. “I was a union truck driver for 35 years and had a good income,” said Lindman. “I owned my own home, saved a little, and tried to live within my own budget. You always think there’s going to be that much coming in, but things can change in a split second.”

The change for Michael began when he was laid off. Luckily Michael had three months’ salary saved for just this kind of emergency. In July, however, disaster struck. Michael was hospitalized for surgery, then complications required a second surgery. With his savings depleted, he couldn’t pay his medical expenses, mortgage, or other bills. In addition, he couldn’t work while he was recovering.

That’s when Michael found Iowa Saves. Michael got one-on-one coaching from an Iowa Saves coordinator who helped him find ways to decrease his mortgage payment and got him hooked up with food stamps. “I don’t know where I would be without the help of those at Iowa Saves,” said Lindman. At their suggestion, he took a financial education class—which helped him figure out other ways to cut down expenses—and a career readiness program that got him interested in school. With the help of student loans and grants, he then completed a one-semester building maintenance program at Des Moines Area Community College. He even made the Dean’s List. 

In the past eight months, Michael has restructured his finances and focuses on saving for the future. “I’m now seeing the light at the end of the tunnel. The first thing I’m going to do is get my emergency fund back on track again. It will take a little time, but it starts a little at time. Even if it’s just $5 a week – it adds up.” 

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

  • What you should know about the EITC delay in 2017 >> http://bit.ly/2hTPLyb v/ @AmericaSaves #taxrefund

Share Your Tip or Story

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

Share

Saver Stories View all »

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...

Starting and Continuing a Personal Finance Journey

When Kiara Hardin, now a junior at Western Illinois University, became an intern with the Chicago Summer Business Institute during her sophomore year of high school, she began her personal finance journey. The program required participants to open a savings account.

Read more...

Inspired to Build Savings By Starting Small

With little-to-no money in the bank and living on a limited income with her adult daughter, Sharon wasn’t sure if building up savings for her future was even possible. “At my age, to put debts behind me would be a relief,” she said, but she wasn’t quite sure how to even get started with a savings plan. That all changed when Sharon attended the Great Lakes Michigan Saves Pay Yourself First Saver’s Summit during America Saves Week.

Read more...

Receive Updates

Sign up for Texts

Sign Up

Sign up for Emails

Get Emails

Take the Pledge

Start Saving