To pay for the American Dream, you've got to wake up from the de - News, Weather, Sports, Toledo, OH

To pay for the American Dream, you've got to wake up from the debt nightmare

  • Special ReportsMore>>

  • The path to a debt-free education? Save early and often

    The path to a debt-free education? Save early and often

    Friday, June 15 2018 6:10 PM EDT2018-06-15 22:10:31 GMT

    Jonathan Sagaser is one of millions of American parents working to send his kids to college. "We had the inspiration to do it early on," he says. Jon and his wife own Sebastiano's Italian restaurant in South Toledo. Their three children, age six, four and two spend a lot of time there as the couple sometimes works 60 to 80 hours a week as small business owners. They plan to pay for half of each of their children's education. "I guess we just want to give them a little b...

    More >>

    Jonathan Sagaser is one of millions of American parents working to send his kids to college. "We had the inspiration to do it early on," he says. Jon and his wife own Sebastiano's Italian restaurant in South Toledo. Their three children, age six, four and two spend a lot of time there as the couple sometimes works 60 to 80 hours a week as small business owners. They plan to pay for half of each of their children's education. "I guess we just want to give them a little b...

    More >>
  • Day tripping: Have an adventure without busting your budget

    Day tripping: Have an adventure without busting your budget

    Tuesday, June 12 2018 10:40 AM EDT2018-06-12 14:40:18 GMT
    (Source: WTOL)(Source: WTOL)

    We're all familiar with our fantastic metroparks, the Toledo Zoo and the Toledo Museum of Art. We have our staples, but if you're up for an adventure this summer, and need to watch your wallet, you need ideas and advice. “The more you can be out and about doing things, the less time they're spending in front of a tablet or a TV,” said Jen Sherwin.  Between nieces and nephews, babysitting, and her own child, Sherwin has finding things to do down to a science.

    More >>

    We're all familiar with our fantastic metroparks, the Toledo Zoo and the Toledo Museum of Art. We have our staples, but if you're up for an adventure this summer, and need to watch your wallet, you need ideas and advice. “The more you can be out and about doing things, the less time they're spending in front of a tablet or a TV,” said Jen Sherwin.  Between nieces and nephews, babysitting, and her own child, Sherwin has finding things to do down to a science.

    More >>
  • Rents with Benefits: How to negotiate a better rent in an owner's market

    Rents with Benefits: How to negotiate a better rent in an owner's market

    Sunday, June 10 2018 6:10 PM EDT2018-06-10 22:10:48 GMT
    The Toledo rental market is tight with more renters looking for a place to live than available units (Source: WTOL)The Toledo rental market is tight with more renters looking for a place to live than available units (Source: WTOL)

    The Toledo rental market is tight. There are fewer units in comparison to demand for them. That makes it an owner’s market.

    More >>

    The Toledo rental market is tight. There are fewer units in comparison to demand for them. That makes it an owner’s market.

    More >>
TOLEDO, OH (WTOL) -

If you find yourself living paycheck to paycheck, you’re certainly not alone. A CareerBuilder survey shows 78 percent of Americans are in the same boat.

So, how can you get out of the financial treadmill? You're going to want some tips to help your dollar go the extra mile.

The fact is, by nature, we love nice things. Homes, dinner out. Vacations. Clothes. It adds up. And you may have trouble paying those bills.

If you have goals of achieving whatever your version is of the American Dream, you're going to need to find a sustainable way to pay for it.

Kim Reyes loves a clean home. She’s been renting over a year, but her goal is to buy a house in the next six months. She's finding that to be a homeowner, like all of us, she needs to clean up her finances. This can be easier said than done.

"They say pay yourself, but it’s kinda hard when you’ve got more bills to pay. They just keep coming and won’t stop," Reyes said.

Reyes joined a program called Northwest Ohio Homeownership Development Agency or NOHDA. Teresa Litz of NOHDA teaches classes on financial literacy that help people buy a home, avoid bankruptcy and foreclosure, or just stop living paycheck to paycheck.

Litz says you should start a "spending plan," which is what she calls a budget. Keep track of the bills, and if you have leftover money, pay yourself. Think of putting half in the savings and with the other half, go to dinner or a movie.

"You want to have savings so you don’t have to. you wanna have money one check to the next. You don’t want to be in a danger zone," Litz said. "When I do the spending plan I don’t cut everything. We don’t just live to pay bills and work. That’s why we call it a 'spending plan.' Budget sounds so restrictive. I don’t ever like that word. I try to teach ‘em a healthy balance. You can spend a little, save a little and pay your bills."

So Reyes is a step closer to owning her own home. She's paying bills on time, cutting her expenses and saving. It's not easy, but it’s working.

"I had to cut back on a lot of things I wanted for my enjoyment (like) going out to eat. Things like that you just have to sacrifice," Reyes said. "You want to get your credit in line to pay and budget your bills. Yeah, I had to stop a lot for myself."

Living paycheck to paycheck? It’s stressful. We all need to do ourselves a favor -- by spending less to live better.

NOHDA has really helped new homeowners. In the last year about 80 percent in the program are doing just fine paying their bills compared to 62 percent nationally. If you want more information on NOHDA, visit its website here.

  • Headlines from Lucas, Wood, Ottawa, Fulton & Monroe CountiesNewsMore>>

  • Firefighters group provides safety tips for Fourth of July weekend

    Firefighters group provides safety tips for Fourth of July weekend

    Monday, June 25 2018 2:59 PM EDT2018-06-25 18:59:53 GMT
    (Source: AP)(Source: AP)
    (Source: AP)(Source: AP)
    National Fire Protection Association (NFPA) is reminding people about potential summer fire and electrical hazards, and providing tips and recommendations to minimize them. “By knowing where potential fire and electrical hazards exist during the summer months and taking the needed steps to prevent them, people can enjoy activities such as grilling, swimming and celebrating the Fourth of July while keeping their families, guests and homes safe,” said Lorraine Carli, V...More >>
    National Fire Protection Association (NFPA) is reminding people about potential summer fire and electrical hazards, and providing tips and recommendations to minimize them. “By knowing where potential fire and electrical hazards exist during the summer months and taking the needed steps to prevent them, people can enjoy activities such as grilling, swimming and celebrating the Fourth of July while keeping their families, guests and homes safe,” said Lorraine Carli, V...More >>
  • Toledo Roadrunners donate nearly $13,000 to Habitat for Humanity

    Toledo Roadrunners donate nearly $13,000 to Habitat for Humanity

    Monday, June 25 2018 2:44 PM EDT2018-06-25 18:44:20 GMT
    Maumee Valley Habitat for Humanity presented nearly $13,000 from the Toledo Roadrunners. (Source: WTOL)Maumee Valley Habitat for Humanity presented nearly $13,000 from the Toledo Roadrunners. (Source: WTOL)

    Maumee Valley Habitat for Humanity was cut a big check on Monday morning. The Toledo Roadrunners club presented a $13 thousand check to the charity.

    More >>

    Maumee Valley Habitat for Humanity was cut a big check on Monday morning. The Toledo Roadrunners club presented a $13 thousand check to the charity.

    More >>
  • Nickelodeon's 'Double Dare' returns

    Nickelodeon's 'Double Dare' returns

    Monday, June 25 2018 2:31 PM EDT2018-06-25 18:31:15 GMT
    Nickelodeon's "Double Dare" returns with new and old faces. (Source: Premiere TV)Nickelodeon's "Double Dare" returns with new and old faces. (Source: Premiere TV)
    Nickelodeon's "Double Dare" returns with new and old faces. (Source: Premiere TV)Nickelodeon's "Double Dare" returns with new and old faces. (Source: Premiere TV)
    Looking for some nostalgia this summer? Well, look no further than your TV set. Nickelodeon's "Double Dare" comes back from the 90's to give you a fun blast from the past. The show features two teams competing to win prizes by answering trivia questions, completing messy physical stunts and facing the legendary obstacle course, including the human hamster wheel, the classic gigantic mouth, the wringer, the iconic Double Dare nose and more. The original host, Mar...More >>
    Looking for some nostalgia this summer? Well, look no further than your TV set. Nickelodeon's "Double Dare" comes back from the 90's to give you a fun blast from the past. The show features two teams competing to win prizes by answering trivia questions, completing messy physical stunts and facing the legendary obstacle course, including the human hamster wheel, the classic gigantic mouth, the wringer, the iconic Double Dare nose and more. The original host, Mar...More >>
Powered by Frankly