Turning finances Around: Detroit Mom Finds Success Through Financial Literacy Program
Table of Contents
- 1. Turning finances Around: Detroit Mom Finds Success Through Financial Literacy Program
- 2. Unlocking Financial Freedom: A Free Webinar for You
- 3. How does the HarMoney programme specifically help individuals improve their credit scores?
- 4. Unlocking Homeownership Dreams: How HarMoney is Empowering Families
- 5. Building a Foundation for Financial Success
- 6. Real People, Real Success Stories
- 7. Unlocking Your Financial Freedom!
- 8. Unlocking financial Freedom: A Free Webinar for You
The new year often brings resolutions focused on personal improvement, and for many, that includes tackling financial challenges. Paying down debt, saving for a home, or simply gaining control of spending can feel overwhelming. However,one Detroit mother,Latoya Kelly,discovered a program that empowered her to navigate these difficulties and achieve financial stability.
Latoya, a single mother of three, faced a particularly tough situation when she lost her job in October. Her credit score hovered around 580, burdened by credit card debt and outstanding collections. “So, my credit score was about 580. I did have some debt with two credit cards and then also some collections from accounts,” she shared.
The financial strain took a toll. “Very stressful,” Latoya admitted, describing the constant worry of making ends meet.Her struggles extended to housing, as repeated applications were met with rejection.
A turning point arrived when a relative recommended Gesher Human Services’ HarMoney program, a comprehensive financial literacy initiative. Through HarMoney,Latoya gained valuable insights and practical strategies to manage her finances effectively.”One of the things that they taught me was to prioritize my needs versus my wants,” she explained, highlighting a crucial lesson learned.
LatoyaS newfound awareness extended to identifying unneeded spending habits. “When I was out dropping my kids off at school, I would promptly go to get a coffee or a frappé. And that right ther, doing that every day, that’s costly!” she realized, demonstrating how small, seemingly insignificant expenses can accumulate.
Gesher Human Services continues to empower individuals like Latoya through its HarMoney program, offering a free, virtual class once a week for six weeks, starting in February. Their commitment to providing accessible financial education underscores the importance of equipping individuals with the tools to achieve financial well-being.
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for many, the dream of homeownership feels far out of reach. Finances can seem like an insurmountable obstacle,leaving individuals and families feeling discouraged and stuck.
However, a program called HarMoney, run by Gesher Human Services, is working to bridge that gap, providing individuals with the tools and resources they need to achieve their homeownership goals.
Jason Charnas, Director of Business and Career Services at gesher, explained, “Yeah, for the last few years, we received $50,000 from Huntington Bank to be able to operate this program, to be able to assist potential homebuyers with some down payment assistance.And this year they were able to increase that to $75,000, which will allow us to help a lot more individuals and families to hopefully purchase their first home.”
HarMoney tackles financial challenges head-on by offering a structured, webinar-based program designed to improve credit scores and help participants manage debt effectively.
Laltsha Cunningham, Gesher’s Financial Education Manager, emphasized that the program caters specifically to low-to-moderate income families whose credit scores fall below 620. Participants learn practical strategies designed to boost their financial literacy, alleviate stress, and pave the way toward homeownership.
”Folks will learn a lot of tips and tricks in this course?” Laltsha encouraged.“You know, we’ve had participants that have come, and we’ve seen credit scores increased over 200 points from some of the families that have come in our program.”
Laltsha explained the process, saying, “It’s, you know, I’ll give you an example. It might potentially be writng down all of your credit card dates and due dates. We talk about the best time to make those credit card payments and how to sometimes make them twice a month to boost their score up a little bit quicker.”
These actions translate to tangible benefits, empowering participants to achieve a brighter financial future. Those who successfully complete the webinar program are awarded a financial boost of up to $2,500. They can use this funding to tackle existing debt or apply it towards a down payment on their future home.Latoya, a program participant, shared her experience, saying, “Don’t be embarrassed.” She used the HarMoney grant to focus on paying off debt in hopes of improving her credit score and eventually purchasing a home.
HarMoney’s success stories highlight the positive impact a supportive guide and practical resources can have on individuals’ ability to achieve their homeownership dreams. It’s a testament to the power of collective efforts in creating a more equitable and inclusive housing market.
Unlocking Financial Freedom: A Free Webinar for You
Looking to take control of your finances? Gesher Human services is hosting a free webinar designed to empower you with the knowledge and tools to achieve financial well-being.
The webinar, launching on Monday, February 3, 2025, will delve into key aspects of personal finance, including strategies to elevate your credit score, build a solid financial foundation, and achieve your long-term goals.
“You know, don’t feel like you don’t need to reach out. This is a great program. It helped me out tremendously,” says Latoya, a previous participant.
Secure your spot today! Registration is open now through Friday, January 24th, here.
Even if you fall outside the program’s income guidelines, Gesher Human Services is dedicated to supporting your financial journey.Reach out to their experienced team for personalized guidance at (248)233-4299.
How does the HarMoney programme specifically help individuals improve their credit scores?
Unlocking Homeownership Dreams: How HarMoney is Empowering Families
For many, the dream of homeownership feels far out of reach. Finances can seem like an insurmountable obstacle, leaving individuals and families feeling discouraged and stuck. However, a program called HarMoney, run by Gesher Human Services, is working to bridge that gap, providing individuals with the tools and resources they need to achieve their homeownership goals.
Jason Charnas,Director of business and Career Services at gesher,explained,”Yeah,for the last few years,we received $50,000 from Huntington bank to be able to operate this program,to be able to assist potential homebuyers with some down payment assistance. And this year they where able to increase that to $75,000, which will allow us to help a lot more individuals and families to hopefully purchase their first home.”
Building a Foundation for Financial Success
HarMoney tackles financial challenges head-on by offering a structured,webinar-based program designed to improve credit scores and help participants manage debt effectively.
Laltsha Cunningham, Gesher’s Financial Education Manager, emphasized that the program caters specifically to low-to-moderate income families whose credit scores fall below 620. Participants learn practical strategies designed to boost their financial literacy, alleviate stress, and pave the way toward homeownership.
“Folks will learn a lot of tips and tricks in this course?” Laltsha encouraged. “You know, we’ve had participants come, and we’ve seen credit scores increased over 200 points from some of the families that have come in our program.”
Laltsha explained the process, saying, “It’s, you know, I’ll give you an example. It might perhaps be writng down all of your credit card dates and due dates. We talk about the best time to make those credit card payments and how to sometimes make them twice a month to boost their score up a little bit quicker,”
Real People, Real Success Stories
These actions translate to tangible benefits, empowering participants to achieve a brighter financial future. Those who successfully complete the webinar program are awarded a financial boost of up to $2,500. They can use this funding to tackle existing debt or apply it towards a down payment on their future home. Latoya, a program participant, shared her experience, saying, “Don’t be embarrassed.” She used the HarMoney grant to focus on paying off debt in hopes of improving her credit score and eventually purchasing a home.
Unlocking Your Financial Freedom!
HarMoney’s success stories highlight the positive impact a supportive guide and practical resources can have on individuals’ ability to achieve their homeownership dreams. It’s a testament to the power of collective efforts in creating a more equitable and inclusive housing market.
Unlocking financial Freedom: A Free Webinar for You
Looking to take control of your finances? Gesher Human Services is hosting a free webinar designed to empower you with the knowledge and tools to achieve financial well-being.
The webinar, launching on Monday, February 3, 2025, will delve into key aspects of personal finance, including strategies to elevate your credit score, build a solid financial foundation, and achieve your long-term goals.
“You know, don’t feel like you don’t need to reach out. This is a great program. It helped me out tremendously,” says Latoya, a previous participant.
Secure your spot today! Registration is open now thru Friday, January 24th, here.
Even if you fall outside the program’s income guidelines, Gesher Human Services is dedicated to supporting your financial journey. Reach out to their experienced team for personalized guidance at (248)233-4299.
