Jenny Valentino: Managing Limited Finances

photo of Jennie ValentinoWhen I reached out to NVME in 2020, I was a newly single mom caring for three children while working two jobs in healthcare. There were limited finances for paying the mortgage and all of our bills. And our house needed repairs.

I took the My Money Works class and learned about home spending plans, increasing savings, cleaning up debt, and using resources such as matched savings programs. I was approved for a Family Development Account (FDA) to save $1,000 and get a match of $4,000 towards repairing our home.

As it turned out, there were so many needed repairs that I wondered if I should sell my home. This was followed by going from two jobs to one, decreasing my earnings, and I fell behind in mortgage payments. Luckily, because I had been saving for over six months, I was able to change my FDA goal from home repairs to emergency savings and use the funds to pay my mortgage and bills and purchase a reliable car. After selling my home, I used my remaining FDA funds in 2023 when we experienced health challenges and my earnings fell short of our financial needs. Again, my savings and the match helped me pay the rent and bills.

I’m now working in education–my new job pays better and my schedule aligns with my children’s schedules, which is much easier to balance and manage. I am very happy in my new job, renting a home that is near my work, and building my savings up again. My next goal is to buy an affordable and safe home for my family.

ClassDateProgram AreaLocationRegion
Budgeting Basics2024-04-23 April 23, 2024Manage your MoneyONLINE DaytimeStatewide
Matched Savings Information Session2024-05-06 May 06, 2024Manage your MoneyONLINE DaytimeStatewide
My Money Works2024-04-10 April 10, 2024
(ends May 08, 2024)
Manage your MoneyONLINE DaytimeStatewide
Budgeting Basics2024-05-09 May 09, 2024Manage your MoneyONLINE DaytimeStatewide
Let’s Talk About Credit2024-05-16 May 16, 2024Manage your MoneyONLINE DaytimeStatewide
My Money Works2024-04-24 April 24, 2024
(ends May 22, 2024)
Manage your MoneyPresque IsleNorthern
Build Your Savings2024-05-23 May 23, 2024Manage your MoneyONLINE DaytimeStatewide
Matched Savings Information Session2024-06-03 June 03, 2024Manage your MoneyONLINE EveningStatewide
My Money Works2024-05-06 May 06, 2024
(ends June 03, 2024)
Manage your MoneyBrunswickMidcoast
My Money Works2024-05-14 May 14, 2024
(ends June 11, 2024)
Manage your MoneyBangorNorthern
My Money Works2024-05-16 May 16, 2024
(ends June 13, 2024)
Manage your MoneyONLINE EveningStatewide
Matched Savings Information Session2024-07-01 July 01, 2024Manage your MoneyONLINE EveningStatewide