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April Volunteer Coach Spotlights: Vicky and Gabriela

By Programs & Partnerships

Our volunteer coaches are the heart of Women’s Money Matters’ unique programs. More than workshops, our programs match participants with dedicated mentors who commit to a full three months of connection, support, and encouragement.

We have profound gratitude for the thoughtful, consistent care demonstrated by our volunteer coaches. During April’s Volunteer Appreciation Month, we’re highlighting several outstanding coaches and giving them an opportunity to share their experiences with our wider community.

Thank you Vicky and Gabriela! 

Volunteer Spotlights in April

 

“Last November, following my mother’s passing, I discovered Women’s Money Matters while searching for a meaningful volunteer opportunity to fill the void in my life.

This organization has proven to be the perfect fit, allowing me to share financial knowledge instilled by my mom and refined through my three decades in the financial industry. In her memory, I’m deeply honored to serve as a volunteer coach for Women’s Money Matters, supporting its mission to empower women and girls to transform their financial situations and build brighter, more secure futures.” Vicky Vergara

 

“I believe everyone has the power to achieve their goals and make their dreams come true. But we can’t do that alone. We may be missing information, or a sounding board for our ideas, or we simply may need someone to walk with us on our empowerment journey. That is when coaching comes in. 
 
And that is why I love coaching. Coaches can listen, support, and help unleash participants’ power. But the beauty of coaching is that it is a two-way street. As a coach, I am constantly inspired by WMM program participants, those real-life warriors who are building a better financial future for themselves and their loved ones with determination, creativity and grace.
 
I am thankful for this community, including the amazing WMM staff, participants and coaches. Our work is about achieving financial health, but ultimately, it is about improving lives, one financial decision at a time.” Gabriela Mondino

Financial Literacy In Uncertain Times: A Roundtable Discussion

By Programs & Partnerships

Financial Literacy for Uncertain Times: A Roundtable Discussion 

Online, Tuesday, April 29 at 12:00 – 1:00 p.m.

 

In times of uncertainty, financial literacy isn’t just important—it’s essential.

Join us for a powerful midday roundtable to explore the critical role financial wellness can play during periods of change. As we face sweeping policy shifts, the ripple effects are being felt across every community—and especially by those already facing economic instability.

While no one can predict what lies ahead, we know the path to financial stability is becoming more uncertain, and the stakes are higher for the most vulnerable among us. Low-income women, especially women of color, immigrants, and single mothers, often bear the brunt of economic disruption. Access to accurate information, supportive networks, and trusted guidance is more vital than ever.

The full WMM community is invited to attend: coaches and volunteers, participants, partner organizations, supporters, and donors.

Let’s come together to listen, learn, and lead—with resilience and resolve.  

Register in advance for this meeting here

After registering, you will receive a confirmation email containing information about joining the meeting.

April Volunteer Coach Spotlights: Ramonia and Adekunbi

By Programs & Partnerships

Our volunteer coaches are the heart of Women’s Money Matters’ unique programs. More than workshops, our programs match participants with dedicated mentors who commit to a full three months of connection, support, and encouragement.

We have profound gratitude for the thoughtful, consistent care demonstrated by our volunteer coaches. During April’s Volunteer Appreciation Month, we’re highlighting several outstanding coaches and giving them an opportunity to share their experiences with our wider community.

Thank you Ramonia and Adekunbi!

Volunteer Spotlights in April

 

“I have been a Life and Empowerment Coach for the last 12 years and I absolutely love motivating, coaching and empowering others. Though I’m very intrinsically motivated at heart, due to my prayer life and spiritual relationship with God, I still have my human moments.  I’ve learned over the years that when life gets busy and challenging,  it can be hard to stay motivated. I love reminding others that we are all a collective, although we have individual experiences. We are all in this together.  Without extension, there will be extinction. 

My first coaching experience with WMM was amazing – I was given tools and information by the mentors that were my support team during my cohort at WMM. These ladies are wonderful,  including Liz, Ariana, and Nancy.  They are a part of the collective that I am speaking of.  Remember, there is a strength even in our struggle. Have an amazingly blessed and beautiful day!”  Ramonia Henderson 

 

“I chose to become a financial coach because I knew my story could touch at least one woman’s heart, showing her that there is light at the end of the tunnel. I am a living testimony of that journey.

As a first-time coach, I embraced empathy, accommodation, and relationship-building.  I knew the only way to enrich my mentee’s life and be a successful coach was to make her feel comfortable and authentic with me. I shared my personal stories to give her hope, worked at her pace, and encouraged her even when she felt others were progressing faster. I reminded her that her journey is unique and that reaching her goals at her own pace is what matters most.  

Today, she is flourishing. Our coaching sessions lasted three months, but the bond we formed continues to blossom. She is now in a place where she can create a better future for herself and her children, and with the knowledge she gained, she can educate her children and pay it forward to others around her.”  Adekunbi Ajayi

WMM Graduates Receive Reliable Transportation with ‘Second Chance Cars’

By Programs & Partnerships

Brooke’s Car Award at Second Chance Cars, April 2025

 

When it is time for a car award at Second Chance Cars, Dan Holin likes to gather the “community of goodness” in his office and pause. The community he’s referring to includes the donor of a car to his organization, the recipient of the car, the mechanics, and the organizations and sponsors who facilitated the connections.

Sitting in a circle in his light-filled office, he opens by saying, “I like to take a deliberate effort to pause on a happy moment.”

He encourages the circle of people to tell the story of what led to this moment. “Most of us live in spaces that have people that are like us, people that we have known for a while, people that come from the same social circles. But these car award events bring people who likely would have never come together into the same room. So at a minimum, it’s interesting, and at the outside, it’s rewarding and fun. So this is another reason to pause.  And it never fails in these kinds of meetings that we discover what we have in common.”

The circle gathered for Brooke and her family included Women’s Money Matters. A year ago, Brooke enrolled in a three-month financial wellness program with WMM and was paired with a personal coach. Brooke impressed her coach, Suzanne, with her dedication to learn and take advantage of the opportunity to manage her finances with the next level of skill and planning. Suzanne was so impressed by Brooke’s determination and progress that she drafted a personal recommendation for her to be eligible for a car award through Second Chance Cars.

Brooke’s personal story includes years of profound challenges, and at 50, she has accomplished a personal transformation that includes over 15 years of sobriety, reconnection with her children and family stability, and the beginning of a new career in relief work. Through the Open Sky Community Services, she has trained as a mental health worker and is poised to begin a new job in a shelter.

Her face beams with warmth and joy as she describes how excited she is to enter work every day as a supportive and encouraging presence for others who are struggling.

With the new job comes the new challenge of transportation, and this is where Second Chance Cars comes in to help. One of the criteria in selecting applicants is the need for transportation to work, “Let’s get to work” being one of their taglines. Brooke’s WMM coach, Suzanne, crafted her recommendation, and the team at Second Chance Cars worked with them to review the financial options and details.

“I have no debt, but I also have no credit, and this car is providing much more than transportation to my new job.” With an interest-free loan, Brooke’s credit score will increase, opening more options for the future.

This is the synergy of factors that is needed to truly support someone as they work to overcome the challenges, stay positive, and transform their financial future.

It takes the circle of goodness, a mix of mission-driven organizations, and individuals who are determined to make a difference.

Holin’s invitation to pause on a happy moment had all of the elements of a new beginning—gratitude, tears, a network of community support, and the keys to a reliable car for the road ahead.

See the video Dan recorded for Brooke’s car award on YouTube

Carla Poulos, Senior Manager of Programs & Advocacy, worked closely with Brooke’s WMM coach to move through the application for Second Chance Cars.


Dan Holin together with Brooke’s family next to their new-to-them Prius.


The donors of the Prius and Brooke connect over a shared background in social work.

 

To learn more about our financial wellness programs for women and girls, connect directly with our Program Team through text or email: 617-297-7376 or [email protected]

Women’s Money Matters Welcomes A New Board Member

By Programs & Partnerships

Imran Malek

 Women’s Money Matters, a non-profit dedicated to empowering women to improve their financial health to create a more secure future for their families and communities, with a vision of a world in which all women have a financially stable life, is pleased to welcome the newest addition to its Board of Directors, Imran Malek. 

Imran Malek is an accomplished Mergers and Acquisitions attorney at Skadden, Arps, Slate, Meagher & Flom LLP in Boston. His practice focuses on large corporate transactions, with a specialization in the biotech and technology sectors. Imran’s extensive experience in these fields will be a valuable asset to our organization as we continue to strive towards our mission of providing financial empowerment and support to women and girls from low-income backgrounds.

In addition to his corporate expertise, Imran is deeply committed to community service. He dedicates a significant portion of his time as a pro bono attorney for small businesses and non-profits, aligning closely with our organization’s values and our commitment to fostering financial stability for underserved communities.

Before embarking on his legal career, Imran worked as a software engineer and product manager at several startups in Boston. This background in technology and entrepreneurship gives him a unique perspective that will greatly enhance our board’s strategic discussions and initiatives.

We are confident that Imran’s diverse experiences and dedication to community service will strengthen Women’s Money Matters.  Please join us in welcoming Imran Malek to the Women’s Money Matters Board of Directors. We look forward to his contributions and the exciting opportunities ahead.

 

About Women’s Money Matters:

Women’s Money Matters builds the financial wellness, confidence, and security of women living on low incomes through a unique program that combines instructional workshops and personal, one-to-one coaching. For more information about Women’s Money Matters and its programs, please visit https://womensmoneymatters.org/

Women’s Money Matters Graduate Speaks on Cliff Effects Pilot in the Boston Globe

By Advocacy, Programs & Partnerships

Women’s Money Matters Graduate Speaks on Cliff Effects Pilot in the Boston Globe

One of Women’s Money Matters’ dedicated graduates and passionate advocates was recently featured in the The Boston Globe! She shared her insights on our upcoming collaborative initiative, the Bridge to Prosperity program – a collaborative effort between Women’s Money Matters, Springfield Works, and partners including Boston Medical Center, Department of Transitional Assistance, Western Mass Economic Development Council, and The Western Massachusetts Food Bank. This effort aims to address the cost-of-living gap for Boston residents with funding from The Boston Foundation.

The Bridge to Prosperity program tackles the “Cliff Effect,” where increased income can lead to the loss of public assistance like food, childcare, and housing support, often leaving families worse off despite earning more. This issue discourages families from accepting raises or promotions as it can leave them worse off financially – impacting their financial stability. The program supports working women and families with cash bridge payments and 1:1 coaching, plus a potential savings bonus for achieving long-term goals.

Ariela Reynoso’s story embodies the resilience and determination that the Bridge to Prosperity program aims to support. Balancing multiple jobs while raising her son, Ariela illustrates the determination and resilience needed to navigate the system. Her experience underscores the impact financial empowerment can have, highlighting the pivotal role of community support and personalized coaching in building success.

Join us in looking forward to Ariela’s journey and the impact the Bridge to Prosperity program can have in making a difference to those on a path to economic security.

Read the full Boston Globe article here.

 

About Women’s Money Matters:

Women’s Money Matters builds the financial wellness, confidence, and security of women living on low incomes through a unique program that combines instructional workshops and personal, one-to-one coaching. For more information about Women’s Money Matters and its programs, please visit https://womensmoneymatters.org/

Graduates Testify About the Cliff Effects at Massachusetts State House

By Programs & Partnerships, Advocacy

Graduates Testify About the Cliff Effects at Massachusetts State House

Watch the powerful testimonies of WMM graduates Ariela and Jami at the Massachusetts State House as they courageously share their stories and the challenges they face. Their experiences highlight the struggles faced by many women in WMM financial wellness programs and countless families impacted by the public benefit cliff.

The “Cliff effect” happens when a slight increase in wages results in a disproportionate loss of public benefits, leaving families worse off despite earning more. Ariela and Jami’s testimonies bring to light the real-life implications of this issue.

Ariela shared, “I wake up exhausted every day to get my son ready for school. Make him lunch, making sure I don’t overdo it with his food or snacks because I’m not sure if I will be able to afford any food the following week.” She went on to describe the difficult balancing act she faces: “If I try to apply to DTA for food stamps I will get a denial letter because I make ‘too much money’ but where is that money? WIC is next in line where I am going to get cut off because I make too much money but yet I am still struggling.”

At Women’s Money Matters, we are committed to addressing these challenges head-on. We proudly promote the Bridge to Prosperity Pilot Program, which aims to provide crucial support for families at risk of falling “off” the cliff. This three-year pilot program is designed to ease the transition off public assistance while securing sustainable employment for up to 100 families throughout Massachusetts. Payments made through the Massachusetts Department of Transitional Assistance (DTA) help reduce the impact of cliff effects as workers transition out of governmental assistance programs. By testing a government solution to remove the impact of cliff effects and using data to prove that this policy incentivizes work while reducing costs to the Commonwealth, we hope to create a model for lasting change. The program also deploys a holistic 2 Generation/Whole Family model to ensure family success, incorporating career coaching, mentoring, financial education, and wellness counseling.

Ariela shared, “I wake up exhausted every day to get my son ready for school. Make him lunch, making sure I don’t overdo it with his food or snacks because I’m not sure if I will be able to afford any food the following week.” She went on to describe the difficult balancing act she faces: “If I try to apply to DTA for food stamps I will get a denial letter because I make ‘too much money’ but where is that money? WIC is next in line where I am going to get cut off because I make too much money but yet I am still struggling.”

Jami echoed these struggles, noting, “Without WIC, a small amount of food stamps, and the help of my parents, I couldn’t have provided enough food for my child.”

Ariela further highlighted the daily stress she endures, saying, “I drive my car to work and try not to do any special activities in between because who’s to say I’m going to have the $50 to fill up my gas tank? If I don’t have gas I won’t be able to get to any of my four jobs and if I can’t get to any of my four jobs where am I going to get any money from?” Despite working multiple jobs, she still struggles to make ends meet: “Right now, me having four jobs is not a walk in the park. I’m anxious that I may lose my Section 8 voucher because I’m ‘overqualified.’ But if they take my Section 8 voucher away, I will be right back in shelter but with a son this time around.”

A highlight of Jami’s testimony was her success story and the support she received from our programs: “Through Women’s Money Matters, I bought my own home, I also paid off my car loan, and my credit score is almost 800.”

Thank you for supporting our mission and standing with us as we work to address the cliff effects and promote financial empowerment for all.

Click here to watch the video and hear Ariela and Jami’s powerful testimonies.

 

Women’s Money Matters and Second Chance Cars Partner to Provide the Gift of Mobility

By In The News, Programs & Partnerships

Women’s Money Matters has announced its partnership with Second Chance Cars, a nonprofit organization committed to positively impacting the lives of individuals facing financial challenges and supporting women living on low incomes. Second Chance Cars provides participants with greater mobility through this collaboration by giving our participants and graduates reliable used cars. They help people get, keep, or grow their jobs through affordable car ownership.

In a society where transportation is often a barrier for those with limited financial resources, Women’s Money Matters (WMM) and Second Chance Cars (SCC) recognize the importance of reliable transportation in accessing better opportunities, employment, and education. Danielle Piskadlo, Executive Director of Women’s Money Matters, shares, “We’re so fortunate to have this partnership with Second Chance Cars. Addressing this important need for reliable transportation contributes greatly to our mission of breaking the cycle of poverty and empowering women to achieve financial independence.”

Dan Holin, Executive Director of Second Chance Cars, said, “In 2023, our car recipients increased their annual incomes by 88% on average–from $24,000 to $45,000! This impact is due to a real collaboration with our car donors. Being able to change the lives of women living on low incomes in our community is our goal. Thanks to our partnership with Women’s Money Matters, we can now improve the lives of women and their families. Having a car will help women get better jobs and earn a stable income!”

Since our partnership with SCC started in Sept 2023, Women’s Money Matters has had five women from our financial wellness programs be recipients of cars. The first car recipient, Sarah, had a few obstacles in her path. Sarah escaped an abusive relationship, taking her three children to find refuge at The Front Door Agency. As she joined their transformational housing program, she had a dream burning inside her: “I want to stand on my own, provide for my family, and be financially secure.” In October 2022, she eagerly attended Women’s Money Matters Financial Futures sessions at the YMCA.

Sarah moved into her own apartment after completing housing support, but without a reliable vehicle, she struggled with carpooling. When she asked for help, Women’s Money Matters sponsored her into the Second Chance Cars program.  While getting back on her feet, lack of access to childcare led to the loss of her job, and she took on a lower-paying barista job to maintain some income. As Sarah went through the application process to be granted a car from SCC, she completed micro-electronics job training and successfully landed a job that doubled her salary. However, transportation was still a challenge. After finishing the application process and waiting for the perfect car to be donated, it was finally go-time, and there was news that there was a vehicle ready. Receiving this vehicle improved Sarah and her family’s lives in different ways.

Similarly, our most recent recipient, Lola, is a Women’s Money Matters graduate who received her license at the beginning of 2023. As a single mom of three kids, Lola knew that having a reliable source of transportation would significantly impact her life.

After getting accepted by Second Chance Cars, Lola was able to get a Toyota RAV4 from a donor who no longer drives. She was extremely grateful as she got a new job promotion requiring a reliable car. Lola was so grateful to both Women’s Money Matters and Second Chance Cars and the Greater Lowell Technical School students for all their hard work repairing and maintaining the vehicle.

Having a reliable source of transportation is not only empowering but life-changing. At Women’s Money Matters, we want our participants and graduates to have great opportunities and stability. Cars help women get to work, save time in caring for children, give freedom, and help provide a stable income

If you, or someone you know, is looking to donate their car, please reach out to Second Chance Cars. Our participants and graduates come from all different walks of life. By providing the gift of mobility, we can collectively contribute to a brighter future for these women and the community at large.

About Women’s Money Matters:

Women’s Money Matters builds the financial wellness, confidence, and security of women living on low incomes through a unique program that combines instructional workshops and personal, one-to-one coaching. For more information about Women’s Money Matters and its programs, please visit https://womensmoneymatters.org/

About Second Chance Cars:

Second Chance Cars’ mission is to mobilize low-income workforce members to better complete living wage jobs through affordable car ownership. For more information on Second Chance Cars and how to get involved, please visit https://secondchancecars.org/

WMM Testifies for Financial Education

By Programs & Partnerships
We are so grateful that we were able to testify yesterday at the Massachusetts State House in support of Ryan Hamilton House Bill 4199- An Act Relative to Personal Financial Literacy- that would make one financial education class a graduation requirement! Our Program Manager, Carla, testified alongside a WMM graduate, Ariela Reynoso .
 
Carla testified to the importance of early financial literacy education so that youth are prepared, as they become adults, to be financially secure. Ariela testified as to how WMM helped her improve her credit score and the ability to become financially independent and was interviewed on WBZ NewsRadio

Raising Voices on Pay Equity

By Programs & Partnerships, Advocacy

Watch the video here to listen directly to how women’s lives would be drastically improved if the gender wage gap were to close.

Women’s Money Matters empowers women to improve their financial health. We asked women in their financial wellness programs what they would do with an extra 30% income, or $6,592 a year, accounting for the 30¢ average gender wage gap. 

The Boston Women’s Workforce Council (BWWC) leads a unique public-private partnership between the Boston Mayor and Greater Boston employers dedicated to eliminating gender and racial wage gaps. According to the BWWC’s 2021 Gender and Racial Wage Gap Measurement results, collected directly from employer payroll systems, the average gender wage gap in Greater Boston is 30¢.