Miketa, a single mother, sought assistance to strengthen her credit and recognized the importance of building savings for better money management and achieving her short-term goals. She has been living in her current rental unit for five years and receives rental assistance, which helps her manage her household expenses effectively.
During her participation in the rental housing program, Miketa successfully navigated various financial challenges by actively implementing the strategic plans discussed in ongoing counseling sessions. Her gross monthly income is derived from part-time employment and child support, and she is currently living within her financial ratios.
Miketa has a long-term goal of becoming a substitute teacher in the local school system, and she continues to make strides toward this ambition. Each follow-up appointment includes discussions about her progress and the steps needed to reach her goals.
Original Short-Term Goals:
- Increase credit
- Build savings
Completed Action Plan Tasks:
- Established a savings account with regular deposits
- Purchased a washer/dryer with saved funds to reduce laundry expenses
- Negotiated and paid off one collection debt
- Negotiated a settlement for a second collection debt
- Filed a dispute on an unknown item on her credit report
- Received an offer for an unsecured credit card (client is still deciding)
- Began self-reporting her monthly cell phone payment
- Reduced spending on non-essential items after a budgeting session
- Managed household expenses successfully after food assistance was decreased
- Wisely utilized her delayed income tax return to cover essential bills and expenses
- Applied for a temporary employment position with local schools
- Obtained letters of reference for employment
- Returned signed action plans
Amended (Current) Short-Term Goals:
- Build savings
- Increase credit score above 600
- Pay off a single collection account
- Obtain a temporary-to-permanent position with local schools
- Mid-term goal: Restore use of personal vehicle to reduce transportation expenses
Miketa regularly expresses appreciation for the opportunity to participate in the rental housing counseling program, highlighting the positive impact it has had on her financial management and overall well-being.
