Our contestants have been working hard at their financial goals for over a month! See their progress below. Job well done and keep up the great work!
Do you have some financial goals of your own? You don’t need to be part of ConneXfactor to reach your goals. Connex Financial Advocates will work with you to set a financial plan and a budget to help you achieve your goals. Stop by any branch or get started online today.
Robert is sticking to his budget, but he is always looking for ways to save. Robert recently switched his insurance carrier and is now saving an additional $50 per month ($600/year!). Robert is staying on track with his goals of savings for a home down payment, paying extra to lower his personal loan balance and to save for mechanics tools. –Gezim Stroka, Meriden Branch Manager
Consistency has been key for Cristina over the first month of the ConneXfactor challenge. She has stuck closely to the budget and savings plan that we set to help her reach her goals. Cristina has been making her weekly savings contributions and has continued to put extra money toward her credit card payments. Paying down her credit card balance and making on-time payments for the rest of her bills, has already helped raise her credit score. Seeing her credit score rise has been very encouraging for Cristina and I am confident this is just the first of many accomplishments she will achieve over the next several months. –Troy Cassidy, Branford Branch Manager
Susan’s proactive activities this week were many. She called her internet provider to see if they would reduce her bill. She saw a competitor price and tried to get them to match it. They wouldn’t completely reduce it, but she was able to get $10 taken off her monthly bill. Susan also called about various increases to other fixed expenses like her car insurance to see where there was opportunity to save. Overall Susan has been able to reduce housing costs by 7%, groceries by a whopping 64%, gas by 22% and completely cut out office supplies & gifts. She tends to shop sales after Christmas to buy gifts for people throughout the year reducing the amount of money that she spends on gifts. Her game plan for June is to try to completely cut out eating out, but the goal is to reduce it to at least 50%. She would also like to try to reduce her entertainment spending by 50% and keep her gas/car costs below $200. Susan remains on track with her goals by saving in an emergency fund, saving for her daughter’s education and paying down her credit card balances. –Frank Pomarico, Hamden Branch Manager
A big advantage out of this journey is conquering procrastination! For years Janet has wanted to open an education fund for her son, but never knew what would be the best option. This month she finally opened up an education fund for her son to use when it’s time for him to go to college. Janet set up a monthly allocation to fund the college account so she doesn’t even need to worry about it. There is no time like the present and she feels great to get started! –Melissa O’Connor, Guilford Branch Manager
Be sure to visit www.conneXfactor.com, like us on Facebook and follow us on Twitter to get updates on the contestants each week!