By Janell Robinson:
Kim was pregnant, unemployed and homeless. She came into Hope’s Front Door because she needed help obtaining medication and transportation vouchers for a job search, but found a resource that would not only change her life, but that of her unborn child, Noah, as well.
“I have never been a saver. I was like, I need some help here. I thought to myself, I am here anyway, maybe I should meet with bank counselors. During my sessions with the bank counselors, the bankers helped me create a plan to pay off my debt. I just started paying the smaller ones first and then putting the larger ones on a payment plan as they suggested. My credit score is now at 735. I also started a savings account at that time with the help of the program. I wanted a rainy day fund.”
“Noah knows I was homeless before he was born. So, it was important to show him that we were saving money. Each time I would get a receipt from the bank after making a deposit I would show Noah and tell him, ‘Look! That is what we have now in the bank.’ When he saw the amount growing, Noah decided he wanted learn how to save too. So, we went to the bank and they gave him his own little piggy banks, which he filled for his college fund.”
“Noah has been saving since he was five years old; he just turned 10 years old last month. He likes going to the bank. He likes to collect change from everyone’s pockets. The bank tellers’ print out the receipts with how much has been put in the account and how much money we have. He likes to tease me saying, ‘I have more money than you, Mom!’”
“I have taught him about saving and budgeting his money using Legos which are his favorite toy. I ask him, does he want to save his money to buy the big Legos that he really wants or spend right now for the smaller ones. He is very disciplined with his money. I hope that he realizes the more you save, the more you can get, and the more self-sufficient you can become. At his age, I would have just spent all of the money I could have saved!”
“Basically, by going through the financial literacy program, I wanted to share with him some of the things I learned. I wanted to show him that if you spend everything you won’t have anything, you will have to be dependent on others and no one wants to live like that.”
Kim and Noah’s journey from being homeless to becoming financially secure started with help from the community.
HOPE’S FRONT DOOR (HFD) often acts as a “first responder” to neighbors who are facing financial and/or medical crises. They serve the homeless, as well as those seeking assistance in the communities of:
- Downers Grove
Hope’s Front Door will be hosting The Traveling Feast fundraiser on October 5, 2017. Guests will be tasting delectable food offerings from five downtown Westmont restaurants before traveling down the road to their next culinary destination. We’re looking to raise to raise $20,000 that will be used in support of our Financial Literacy Program – helping area residents, like Kim and Noah, gain financial self-sufficiency through baseline financial literacy including budgeting, savings and credit repair.
For more information about the event or to purchase tickets, please visit www.hopesfrontdoor.org or call 630-322-9804.