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Volume 3 Issue 10October 2012



The Choctaw Asset Building (CAB) program is now taking applications for CAB2. CAB2 is the second matched savings program offered by CAB. Participants in CAB2 can save for a first time home purchase, to pay for education, or to start or expand a small business. CAB2 will match up to $2000 of participants' savings $2 to $1 for savings for education or entrepreneurship or $3 to $1 for a first time home purchase. Participants open a savings account with $50 and then save at least $25 each month for at least six months. Participants can save for as long as 3 years. While they are saving participants receive personal financial education, asset training that is specific to their asset choice, and financial/credit counseling if needed. The qualifications to participate in CAB1 or CAB2 are as follows:

  1. Must be a Choctaw Tribal Member
  2. Must have participated in Choctaw Career Development
  3. Must live within the service area, which is the entire state of Oklahoma, the 5 counties in Arkansas that border the Choctaw Nation's boundaries, and the 5 counties in Texas that also border the Choctaw Nation's boundaries.
  4. Must meet the income guidelines

CAB clients that have successfully completed CAB1 are eligible to participate in CAB2, if they still meet the qualifications. This is a great opportunity for those who were able to use CAB1 for part of their education, but still need assistance and for those who have used CAB1 to start businesses, but now need to expand.   Spaces are limited so interested parties should apply quickly. More information, including the CAB application and the income guidelines, can be found at  



Sec 184 Invite  



CAB Client Spotlight

Justin & K'Lee Robinson


Justin & K'Lee Robinson   

CAB clients, Justin & K'Lee Robinson have just purchased their first home. "K'Lee and I would like to thank the Choctaw Nation and the Choctaw Asset Building program.  We greatly appreciate the time and resources that helped us purchase our first home.  It could not have happened without this program," says Justin.  Since both Justin and K'lee are Choctaw Tribal Members, they were each able to save $2000.  CAB matched their $4000 $3 to $1 and they were able to go to closing with a total of $16,000.



Make no mistake: An undergraduate degree can improve your employment prospects and paycheck size. A high school graduate earns 40% less than someone with a bachelor's degree and is more than twice as likely to be unemployed. But college majors are not created equal. In fact, grads with certain majors sometimes fare worse in the labor force than workers who stopped studying after high school.

Considering the time and expense that goes into earning a college degree, knowing whether your course of study is a career-killer is powerful knowledge indeed. That's why we analyzed the jobless rates and salaries for graduates with the 100 most popular majors to come up with our list of the 10 worst values in college majors.

Using data from PayScale and Georgetown University's Center on Education and the Workforce, we looked for majors whose graduates -- both recent grads (within the past five years) and those well into their careers -- face a brutal combination of low compensation and high unemployment. We also worked with PayScale to determine the likelihood that recent graduates from each major would end up working in retail, where a college degree isn't always required, rather than in their field of study. A ratio of 1.0 is the norm; a ratio of 2.0 means a graduate of that major is twice as likely to work in retail as the average college grad.

Click ahead for our list of the 10 worst college majors for your career.


CAB Coach Questions




Many Millennials grew up hearing that they should study what they love. While that's a nice sentiment, it's also landed countless recent grads in quagmires of student debt and unemployment. In today's tough economic climate, some college majors simply offer better prospects than others-and savvy students should want to know the difference.

That's why we came up with our list of the ten best college majors for your career. We analyzed the unemployment rates and salaries for graduates of the 100 most popular college majors, using data from Georgetown University's Center on Education and the Workforce and
What did we look for? Fields of study with grads-both recent grads within the past five years and those well into their careers-who enjoy an attractive combination of big paychecks and abundant employment opportunities. The undergraduate programs that we ranked can take from two to five years to complete.

Take a peek at our list of the ten best college majors for your career.



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In This Issue
CAB2 Is Now Taking Applications
HUD Sec 184 Event
CAB Client Spotlight
10 Worst Majors For Your Career
10 Best College Majors For a Lucrative Career
On The Road? 13 Ways To Eat Cheaply
Warning Signs Of A Debt Problem

Quick Links 


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Little Dixie CCA Homebuyers Education Workshop





My recent move to Anchorage meant driving for three and a half days. I stopped at restaurants only twice: a McDonald's somewhere in Canada and Fast Eddy's in Tok, Alaska. My goal was to keep moving -- I had more than 2,500 miles to cover and winter was peeking over my shoulder. A cooler ($7.99, Goodwill) full of perishables and a bag of more durable
grub (good bread, apples, nuts, chocolate) meant quick hotel-room breakfasts and meal stops that lasted 10 or 15 minutes.Not everyone wants to do meal prep while traveling. But there's more than one way to keep down the cost of road food.



Do you have problems sleeping at night? Do you dread getting mail, fearing the arrival of a bank statement? Do you have to do relaxing meditation before checking your online bank account?

You may feel like your life is getting out of control. And it could because, as National Foundation for Credit Counseling spokeswoman Gail Cunningham says, "the dark cloud of debt follows you around 24/7."

In some cases, a little financial belt-tightening or a few accelerated credit card payments are enough to get that cloud to dissipate. But sometimes a debt crisis becomes too overwhelming to handle on your own. How do you know when you need help to get it under control? The tipping point won't be the same for everyone, but here are some general guidelines to assess your situation.