A Single Mother’s Life Changes After a Simple Act of Kindness from a Stranger
In a world where life’s challenges can feel overwhelming, a small act of kindness can sometimes transform everything. This is the story of Jennifer, a single mother of four, whose life took a surprising turn after purchasing a used car.
Jennifer’s life had been filled with hardships since her husband, Adam, abruptly left her and their three children. His departure came at the worst possible time—right when Jennifer discovered she was pregnant with their fourth child. “Another child? I’m done!” he said before walking out, leaving her heartbroken and alone in their run-down trailer.
The following months were a blur of sleepless nights and constant worry. Adam stopped sending money, claiming his inability to find work. As her savings dwindled, Jennifer was faced with the brutal reality of raising her children alone. She knew she needed to find a job, but her situation made it nearly impossible.
Every job interview seemed to end the same way: rejection. Employers hesitated to hire a single mother with four young children, seeing her family responsibilities as a liability. “It’s too risky to hire a mother with young kids,” one employer told her bluntly. “You’ll always have emergencies, and it’s hard for us to accommodate that.”
Still, Jennifer refused to give up. Determined to provide for her family, she expanded her job search to a neighboring city, using the last of her money for cabs while relying on her neighbors to watch her kids. Finally, her perseverance paid off when she was offered a housekeeping job at a local hotel. “We need more staff for the busy summer season,” the HR manager told her, bringing her much-needed relief.
However, Jennifer soon realized she couldn’t afford the daily cab rides to her new job. She needed a car, but finding the money seemed impossible. Desperate, she scoured used car listings and found an old but reliable vehicle she could afford—if she could gather $5,000. With nothing to lose, she explained her situation to the car’s owner, Jeff. “I’m a single mom with four kids, and I desperately need this car to take a job in another city,” she pleaded.
Moved by her story, Jeff agreed to lower the price on one condition: she needed to pay the full $5,000 by the next day. Jennifer was ecstatic but terrified—how could she possibly come up with that kind of money overnight?
After being rejected for a loan due to her poor credit, Jennifer remembered a precious family heirloom her late mother had left her: a gold necklace passed down for generations. Though it broke her heart, Jennifer knew she had no choice. She took the necklace to a pawnshop, where it was valued at $5,500—just enough to buy the car.
The next day, Jennifer returned to Jeff with the $5,000. “You have no idea how much this will help my children and me,” she said as she handed over the money.
Jeff smiled kindly as he accepted the payment. “Congratulations on your new car,” he said, his eyes holding a secret. While Jennifer signed the paperwork, Jeff quietly placed something in the trunk. As she was about to drive away, he called out, “Don’t forget to check the trunk when you get home. I left something for your kids.”
Amidst the chaos of starting her new job and managing her children’s lives, Jennifer forgot all about Jeff’s words. Weeks passed before she stumbled upon a note in the car’s glove compartment. It read, “I hope you and your children like the gift I left in the trunk. May it be of help.”
Curiosity piqued, Jennifer rushed to open the trunk. At first, she saw only a white envelope tucked in the corner—the same one she had used to pay Jeff. Her heart raced as she opened it to find the $5,000 she thought she had sacrificed, completely untouched.
Tears filled her eyes as she realized the magnitude of Jeff’s kindness. Overwhelmed with gratitude, she drove straight to the dealership to thank him. “You needed the money more than I did,” Jeff told her, his voice gentle with wisdom. “Just don’t forget to pay it forward when the time comes.”
Jennifer left that day with more than just a car—she carried with her a renewed sense of hope and belief in the power of kindness. She vowed to honor Jeff’s request, knowing that one day, she would pass on the generosity she had received. In a world that can feel cold and unforgiving, Jennifer’s story reminds us that kindness still exists, often in the most unexpected places.
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How to Own Your Dream Home
For most people, their first home isn’t their dream home. It starts off nice enough. But as time goes by and your family grows, starter homes tend to get a little . . . cramped.
But don’t hate on your current home too much. Because while it gave you a safe and dry place to lay your head at night, it was also setting you up to own your dream home someday.
We’ll show you how it all works and walk you through the steps that’ll get you in your dream home—one you can actually afford!
How to Get Your Dream Home in 5 Steps
Here are the steps:
- Follow the Financial Basics
- Find Out How Much Equity You Have
- Set Your New Home-Buying Budget
- Find the Right Dream Home for You
- Be Picky and Patient
Now let’s cover each step in more detail.
Step 1: Follow the Financial Basics
First thing’s first—you have to get out of debt, get on a budget, and build up an emergency fund of 3–6 months of expenses. Sounds pretty basic, right? If you haven’t completed these steps, then you’re not ready to upgrade to your dream home . . . yet.
Now, when you’ve got house fever, it can be hard to focus on paying off debt or saving an emergency fund before you upgrade your home—especially when you’re feeling the pressure of rising home prices and interest rates.
But whether it’s your second or third house, you should only buy a home when you’ve covered the financial basics we mentioned above. Then you’ll be ready to start the journey toward owning your dream house.
And that journey starts with your home equity. What’s equity? Well, we’re glad you asked . . . that brings us to the next step.
Step 2: Find Out How Much Equity You Have
Home equity is a pretty simple concept: It’s your current home’s value minus whatever you still owe on your mortgage.
See, in most cases, your home’s value increases over time. Similar to other long-term investments (like retirement accounts), homes gradually increase in value. There have been periods of ups and downs in the market to be sure, but the value of real estate has consistently gone up. According to the St. Louis Federal Reserve, the average sale price of a home has increased over 2,300% from 1965 to 2023! And in the last ten years (2013 to 2023), there’s been a 68% increase.1 As your home increases in value, so does your equity. In real estate terms, this is called appreciation.
Other factors that increase your home’s equity include:
- Added value: Home improvement projects like adding square footage, updating fixtures and appliances, or even just slapping on a new coat of paint can add value to your home.
- Mortgage paydown: Paying down your mortgage not only gets you out of debt faster, it also builds your equity. The less you owe on your home, the more equity you have.
The amount of equity you have gives you a pretty good idea of how much money you’ll end up with after selling your house. You can use that money to make a hefty down payment and cover the other costs that come with buying a home.
Find expert agents to help you buy your home.
So, how do you determine your home’s value? Well, you can get a ballpark estimate on real estate websites like Zillow, ask a trusted real estate agent to perform a competitive market analysis (which they’ll do anyway if they’re helping you sell your house), or get a professional appraisal.
Finding out your home’s equity will involve a little math, but it’s third-grade-level stuff, so don’t sweat it.
Here’s what we mean. Let’s say your home’s current value is $355,000. When you sell that house, you’ll have to pay for between 1–3% of the sale price in closing costs, another 6% in fees for the real estate agent who helped you sell it, and whatever’s left to pay off on your mortgage.
That means you can estimate clearing over $223,000 from selling your house. That’s a killer down payment on your dream home! And if your home is paid off, that’s even more money to put down and use to pay for things like repairs and moving expenses.
Step 3: Set Your Dream Home Budget
Once you know how much you’ll clear from the sale of your home, you can start making a budget for your dream home.
The key to owning your dream home (instead of it owning you) is to keep your mortgage payment to no more than 25% of your take-home pay on a 15-year fixed-rate mortgage, along with paying a down payment of at least 20% to avoid private mortgage insurance (PMI). Never get a 30-year mortgage even if the bank offers it (and they will). You’d pay a fortune in interest—money that should go toward building your wealth, not the bank’s.
So, let’s say your take-home pay is $4,800 a month. That means your monthly mortgage payment shouldn’t be any bigger than $1,200. By the way, that 25% figure should also include other home fees collected every month with the mortgage payment like homeowners association (HOA) fees, insurance premiums and property taxes.
Plug your numbers into our mortgage calculator to see how much house you can afford.
And don’t forget to budget for all those other costs that come with the home-buying process in addition to your closing fees—things like moving expenses and any upgrades or repairs you might need to make. You don’t want these hidden costs to catch you off guard or drain your emergency fund.
Step 4: Find the Right Dream Home for You
This is where things get real. After all your hard work building up your equity (and doing a lot of math—don’t forget that), you’re finally ready to start the house hunt. Woo-hoo!
But don’t lose focus. Stay zoned in by making a list of features that make a home fit your budget, lifestyle and dreams—and stick to it throughout your house hunt. Here are a few ideas to get you started.
- Don’t compromise on location and layout. If you plan to be in this home for the long haul, an out-of-the-way neighborhood or a wacky floor plan is a deal breaker. Look for a community and layout that’ll suit your lifestyle now and for years to come.
- Think about how much space your family needs. While your budget has the final say about how much home you buy, you’ll want your dream home to fit your family’s needs through different life seasons.
- Consider the school districts. If you have or want kids, the quality of the nearby school districts is probably already on your mind. But even if you don’t have kids or you’re retired, keep in mind that having good schools nearby could increase your home’s value.
- Look for a house that’ll grow in value. Are home values rising in the area? Is the number of businesses going up? These factors can help you figure out whether your dream home will turn into a good investment.
- Count the costs. Want that fancy master bathroom with the multiple showerheads and the Jacuzzi tub? Be clear on what’s a must-have and what’s nice to have. And don’t forget, upgraded features like that will make your dream home more expensive.
Step 5: Be Picky and Patient
We know you’re anxious to get into those new digs, but be patient. Wait for the right house at the right time. Don’t spend your money on a less-than-ideal home just because you’re tired of looking.
The key is finding a good real estate agent who understands your budget and refuses to settle for “good enough.” They’re as committed to your dream as you are and will have your back throughout the entire process, no matter what it takes.
In addition to teaming up with a great real estate agent, you can take a couple of extra steps to make sure you’re ready to strike as soon as the right home comes up:
- Get preapproved for a 15-year fixed-rate mortgage. Having preapproved financing is a green flag for sellers—especially in multiple offer situations. And because this puts most of your information in the lender’s system, you’ll be on the fast track to closing once your offer is accepted.
- Offer earnest money with your bid. Earnest money is a deposit to show you’re truly interested in a home. Usually it’s 1–2% of the home’s purchase price and it’s applied to your down payment or closing costs. Even if the deal falls through, you can almost always get most of it back.
Find a Real Estate Expert in Your Local Market
Now, you might be thinking you have some work to do before you’re ready to find your dream home. Or you may be realizing your years of hard work are about to pay off! Regardless, if you follow these steps, you’ll find the house you’ve always wanted and avoid a purchase you’ll regret.
Once you’re ready, connect with one of our RamseyTrusted real estate agents. These are high-performing agents who do business the Ramsey way and share your values so you can rest easy knowing the search for your dream home is in the right hands.
Find the only real estate agents in your area we trust, and start the hunt for your dream home!
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