Individual Development Account (IDA) Client Builds New Business

BH recently began the IDA program with the goal of home ownership. While driving a school bus and attending school at William Paterson part time, she was offered a twelve-month teaching position at $40,000 annually. Despite many financial setbacks, she was able to save $2,900 with her new job. She attributes much of her success to the financial education she received through the IDA program, including budgeting and how to be an educated consumer. Ironically, by attending the home ownership education, she realized that now was not the time for her to buy a home. Instead, she changed her goal to building her own tutoring business

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