Dawn moved out of the women’s shelter in April of 2011. After graduating from our financial education classes, Dawn was able to budget income from her part-time job as a nursing assistant to pay for her rent, utilities, vehicle expenses, and everything in between. Dawn is incredibly savvy at managing her money, in her own words “[i]t’s always beneficial to have something saved up. Spending every penny, you can never get ahead. By saving my refund with CEF last year, when I really needed money and was in a crunch throughout the year, I had something I could fall back on.”
After leaving the shelter, Dawn moved into her own apartment in Hillsborough. Despite all her bills, Dawn consistently saves $20 per month in her CEF savings account. She uses our direct deposit option to deposit $10 out of every bi-monthly paycheck towards her savings dream. Dawn is steadily building towards her goal of having a rainy-day fund of $2,000, and this new savings product will incentivize and reward her success.
Dawn has been in an out of homelessness ever since she left her foster home as a young adult. She is committed to ensuring that this is her last transition out of homelessness, and we know she can do it! Dawn eventually wants to own her own home, and is using her experience saving with CEF to prepare herself and build lifelong assets.
Robert will be moving out of the men’s shelter this month. While living in the shelter, he has been saving with CEF towards a security deposit for his new apartment and deposits for utilities. He is on a fixed income, and has taken the knowledge he gained from our financial education classes to find an affordable apartment that will allow him to continue to save for his future goals.
After he moves, Robert will be continuing to come to our weekly classes to stay connected to the support, resources, and community of the group. Robert has been homeless once before in his life, and when he talks about this move he says excitedly that he “is going to do it right this time. Make plans, keep saving, stay connected.” He is committed to saving monthly towards an emergency fund to make sure that the life’s future obstacles don’t bring him back to the shelter.
Moreover, Robert is excited about the opportunities available through this new program to improve his credit score. He dreams of owning his own business and his own home, and knows this is the stepping-stone to those goals.