Story
Family of 7, mother recently was laid off from her employment on May 1st. The husband/step father is working but have mortgage/home insurance of $1800 and a car payment. The family has 5 small children in the home. Recent events of job loss has made it difficult to purchase food, pay utilities, and put gasoline in the car. Mother of the family is seeking employment daily. Family has applied for SNAP benefits and been approved, also signed up for food pantry and kids lunches with local organization. Family however is still in need of $385 for Central Electric (rural) bill, to maintain refrigeration of food, health, and daily living needs.
Family plan in the future is to budget closely to keep bills paid and create a savings account. Mother is seeking to gain competitive employment which will support the needs that the Step- father is not able to meet with his employment. The tax refund will be used next year to place money in savings account to prepare for any unexpected losses or expenses, instead of paying on principal of the home mortgage.