Saving Makes A Difference
How much money do you have in the bank? Do you have a rainy day fund? Money saved for retirement? A new car fund? A home repair fund? Education fund? Yikes!
I just lost you didn’t I? Did your stomach start to tie up in knots?
An individual who has her taxes done through The River Center’s free tax preparation program told us how saving money helped her. She was able to save the equivalent of several months’ wages due to a surprise gift. She decided that she would treat herself spending 10% of this gift and save the rest. Because now she has a financial buffer, she was able to make some life decisions that felt too risky before. She left her job and found another job she enjoys. She made some relationship decisions. She is happy and feels more in control of her life.
Not having any money in the bank for ‘just in case’ leaves us vulnerable. We don’t have a fall back in case something happens.
I googled ‘Saving Money’. There are 7 Ways, 8 Simple Ways, 35 Realistic Ways, 100 Great Ways, etc. to save money. There is the Secret to Saving Money. Take a look sometime. Everyone is weighing in on how to save money. We understand we should save, but we have difficulty putting it into practice.
Did you know that The River Center offers money coaching? A team of trained volunteers are ready and able to help anyone demystify their finances. Because truly, many times our finances are mysterious. Money comes, money goes. We aren’t exactly sure where it went, but our bank accounts tell us it’s gone.
Why do people come for money coaching at The River Center? They come because they have maxed out their credit card debt and need help figuring out how to pay them down. They come because they would like to buy a house and want a plan to make it happen. They come because they are graduating from high school and want to avoid excessive education debt or fund a gap year. A couple with six figure income needs help organizing the chaos of their finances which has resulted in late fees and bill collectors.
A newly single parent is always running out of money before the end of the month. Income is not enough to cover basic expenses for their family. We connect them to assistance programs to supplement their family needs until they can stabilize their life and increase income.
Our money coaches are here to help. Anyone, any income, any need. They are at The River Center for drop-ins every Wednesday from 12:30-2:00 or appointments can be made anytime by calling 924-6800 or firstname.lastname@example.org.
Our free tax preparation program for low and moderate income households is in full swing until April 13. Appointments can be made by calling 924-6800 If you or someone you know might qualify for this program, have them give a call. Our IRS certified volunteer preparers are trained to make sure that tax payers take full benefit of earned income, child, and educational tax credits. Every tax payer is encouraged to split their refund to save a portion for those rainy days.
Questions? Interested in meeting with a money coach? Give us a call at 924-6800.
The River Center Family and Community Resource Center