Real Stories Ep 27: Regina’s Story – 3 Paths to a Brighter Future
- May 15, 2022
Podcast: Download (Duration: 1:02:34 — 50.1MB)
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On three different occasions, Regina has been at a crossroads with her finances. Each time, GreenPath has provided different kinds of support.
The first time, after she suddenly became a single parent, she became overwhelmed with debt and was contemplating bankruptcy. While she still ended up going that route, GreenPath was able to provide support for her during this difficult time.
Some time later, she was looking to buy a home and used GreenPath to get a certificate to qualify for home buying programs.
The third time, she wasn’t satisfied with her progress with her debt repayment progress and this time, she was able to enroll in a Debt Management Plan. Reflecting on this experience, she wrote to us, “My life is 1000 times better than it used to be the first time I sought GreenPath’s help and this time GreenPath is helping me keep it this way.”
Take a listen to see how Regina’s life got “1000 times better.”
Detroit Free Press Article about budgeting around inflation featuring Regina.
Key Moments
2:46 Regina reflects back on how her upbringing shaped her outlook on money.
7:26 She shares about a perfect storm of events in her personal life that eventually led to bankruptcy and a new life as a single mom.
16:39 She talks to GreenPath as she considers bankruptcy.
20:37 Regina works towards buying a home and ends up using GreenPath again as a resource.
22:25 As she furnishes and improves her new home, her credit card debt starts to creep back up.
24:31 She decides to reach out to GreenPath for the third time – and this time, she ends up on a Debt Management Program.
25:50 Regina describes how her interaction with GreenPath better helped her to monitor her budget.
31:43 She talks about the role shame has when it comes to deciding when and who to share her story with.
38:00 She reviews how she has been approaching her budget now that things have gotten tighter with inflation.
43:16 Regina explains how she is trying to raise her daughters to be financially healthy.
50:17 She reflects on how she has learned to embrace gratitude and no longer reside in bitterness.
Practical Tips
53:53 Budgeting within the constraints of paying down your debt
56:11 How communication can play a key role in financial health
57:21 How letting go of the past can transform your finances
58:45 Tips for lending money to friends/family
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Music by Hir-O
GreenPath is a non-profit credit counseling organization. GreenPath’s goal is to offer guidance and support to individuals seeking to manage and overcome financial challenges through education, financial counseling and debt management programs. The information provided is for educational purposes only. Consulting with a licensed financial advisor and tax advisor is recommended before making any major financial decisions. GreenPath is not a debt settlement company, credit repair company, credit repair service, nor does GreenPath provide debt consolidation loans. By using this website, you acknowledge and agree that GreenPath is not responsible for any financial decisions you make based on the information provided on this site.