Though times are tough many folks struggle with keeping their wallets shut. But here's the story of a Lubbock woman who decided she wasn't going to let the market get her down.
"I did have second thoughts well with the way everything is going should I or should I not," said single mother Melissa Carta. "I thought, regardless of the economy, I know I can manage my money, manage my credit and keep up with everything, as long as I don't overspend," she added.
Melissa toyed with the idea of buying a home in September but knew the odds were not in her favor. So she placed a phone call to Gloria Mendoza with the non-profit Lubbock Housing Finance Corporation. "What we are trying to do is help families to understand their use of their money. We tell people you work for your money, make your money work hard for you," says Mendoza.
One conversation turned into many and Melissa learned more than she could have imagined. "Credit - it's hard. Just working with it and improving it. Learning how to manage your credit and not to overspend is what I've learned," says Melissa.
Mendoza calls Melissa the "poster child" for making the most of her situation, because of the financial turnaround she's made. "Gloria guided me through my financial situation. How to save money and how to better my credit," said Melissa.
The lessons she learned helped Melissa unlock her dreams. With the help of the organization, and Mendoza, Melissa can call herself a first time home-buyer. "I have a 4-year-old little girl and I'm doing this for her," adds Melissa.
Melissa and her daughter just moved into their new home and are busy unpacking boxes.
The free literacy workshop is Saturday at the Lubbock Housing Finance Corporation, located at 3212 Avenue Q. The event is open to anyone that wants the information. The group has a lot of useful tips planned like budgeting, the importance of credit scores and how to get out of debt.