Your Road Home: CHFA Homeownership eNews

five tips for managing your money

Developing habits of good money management can pay off—and they’re especially important to keep in mind during the holidays. Consider the following five tips to save and manage your finances wisely:

1. Adopt a "money mantra." Choose a personal money rule or mantra for yourself. It can be long or short term. For example, “I will put away my credit card this month;” “I will pack my lunch from home each day this week;” or “I will use my tax return to pay down debt.”

2. Automate your savings. Saving can be tough, especially on a tight budget. To make it easier, try having funds automatically transferred from your checking account into your savings account.

3. Take a closer look. Speaking of automation, sometimes it makes us too comfortable. Regularly analyze your statements to ensure there are no surprise fees, deductions, or other unauthorized transactions.

4. Be a safe consumer. Safeguarding your money is especially important in an age when fraud and security breaches happen often. Invest in computer security software, habitually change your pin numbers and account credentials, and check your credit report annually.

5. Resist too many sales. Flash sales, coupons, promo codes, rewards programs… they’re everywhere and they can be enticing, especially when we’re trying to save money. However, taking part in too many seemingly good deals may end up costing you more in the long run.

like it forward 2023: how you can support children in need

Like It Forward is CHFA’s annual social media giving campaign to benefit nonprofit organizations in Colorado. Like It Forward 2023 benefits Kids at Their Best, a Fort Morgan nonprofit whose mission is “to inspire, educate, and empower young people from low-income families to build resilience and strengthen their life trajectory.” They serve over 600 kids who speak 26 languages across the Eastern Plains from kindergarten through college and into the workforce. Programs include a food distribution service, as well as leadership, after-school, and job shadow programs.

From November 27th through December 11th, CHFA is posting information and photos related to Kids at Their Best on its Facebook, Twitter, Instagram, and LinkedIn pages with the hashtag #LikeItForward23. Be sure and connect with CHFA on these platforms so that you can “like” or “share” posts during the campaign. For every “like” and “share,” CHFA will donate $5 to Kids at Their Best.

Did You Know?

Across rural Colorado, one in six children grows up in poverty.

Your participation in our Like It Forward campaign this year will help children in challenging living situations access important programs to realize their goals and dreams.

Free CHFA webinar

Attend a free, one-hour webinar to learn the steps to homeownership and about CHFA’s homeownership programs.

Learn more

Online resources

Learn more about and prepare for homeownership:

Help for Homebuyers

Mi Hogar

Colorado Housing and Finance Authority

www.chfainfo.com

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With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority prohibits unlawful discrimination against applicants or employees on the basis of age 40 years and over, race, sex, sexual orientation, gender identity, gender expression, color, religion, national origin, disability, military status, genetic information, marital status or any other status protected by applicable federal, state or local law. Requests for reasonable accommodation, the provision of auxiliary aids, or any complaints alleging violation of this nondiscrimination policy should be directed to the Nondiscrimination Coordinator, 1.800.877.2432, TDD/TTY 800.659.2656, CHFA, 1981 Blake Street, Denver, Colorado 80202-1272, available weekdays 8:00am to 5:00pm.