Can $500 a Month Change Your Life?

Can $500 a Month Change Your Life?

Jovan Bravo and his wife knew they wanted to move, but could never quite make it happen: They would sock away $100 to $150 a month and then have an expense come up—a car breaking down, their daughter’s gymnastics lessons—that would deplete their savings. Then they’d start over again. “The hardest part of it was trying to save up a $2,000 deposit when you’re living check-to-check,” he said.

Bravo, a soft-spoken 32-year-old, grew up in Stockton, a diverse , high-poverty city in California’s Central Valley. He had a decent job working in cement but still found himself struggling with rising […]

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