Real Stories Ep 27: Regina’s Story – 3 Paths to a Brighter Future

  • May 15, 2022
  • By: Greenpath Financial Wellness
  • GreenPath Financial Wellness is a trusted national nonprofit with more than 60-years of helping people build financial health and resiliency. Our NFCC-certified counselors give you options to manage credit card debt, student loans and homeownership.

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

Podcast Website EP Regina
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Music by Hir-O