ConneXfactor is a competition between four Connex members as they work with Connex Coaches to reach their financial goals. Contestants have been looking for opportunities to lower their bills and save even more money. Read below to see what our ConneXfactor contestants are doing to reach their goals. Plus, learn how you could lower your monthly bills.
Robert H. – Two peas in a pod
Robert and his girlfriend recently moved in together. While his cost of rent remains about the same, there is opportunity for Robert and his girlfriend to save money on other household expenses. Utilities, cable, internet, and other monthly household costs are more manageable with two people. If you live alone and want to save money, consider getting a roommate. –Gezim Stroka, Meriden Branch Manager
Cristina B. – Reaping the rewards of saving
Cristina is reaping the benefits of her hard work and recently took a vacation! She set aside a portion of her paycheck each week so that she was able to afford taking a week off. One of the keys to Cristina’s success so far is that she rewards herself for all the sacrifices she has made. It is not always easy to make the financial choices necessary to meet her goals, but rewards like this vacation show that hard work pays off! –Troy Cassidy, Branford Branch Manager
Susan O. – Planning meals and saving money
Susan has started meal planning each week. She used to have a few nights where she just didn’t want to cook because she didn’t take anything out to thaw. The old norm would have been to get take-out, which can get expensive. By planning what’s for dinner ahead of time, she takes the guess work out of her night and saves money. She also has started to really use one of the more underappreciated kitchen appliances…the crock pot! She can set dinner and it’s done when she gets home….all that’s left are some quick sides to make. Less time spent cooking means more time to go to the park or library. –Frank Pomarico, Hamden Branch Manager
Janet C. – Dealing with parental expenses
This month a new challenge was tackled under the single mom, single income budget. There is a lack of academics over the summer and implementing academics at home can be difficult when summers are way more fun outside than in a book! Janet made the decision to enroll her son into a learning center over the summer so he will not fall behind at the start of school. Although this is a temporary new monthly bill, it has not stopped Janet from reaching her monthly goals. It has been a wonderful experience and worth every penny! –Melissa O’Connor, Guilford Branch Manager
Lowering Your Bills
It might sound too good to be true, but giving your billers a simple call could save you hundreds of dollars a year. Try giving your cable provider a call and see if there are any special deals or bundles you could get. Maybe all your favorite shows are on an online streaming service and you can cut your cable all together. Notice your auto insurance going up and you haven’t had any claims? Give your agent a call to see what’s going on. If you have high credit card interest, try calling your card company to see if they will lower your rate. Another way to save on interest would be to consolidate credit card debt into a personal loan, home equity loan, or home equity line of credit. These are just a few ways you can lower your bills. What tips do you have?
How Connex Can Help
Connex Financial Advocates are here to help. We will sit with you one-on-one to help create a plan and a budget to reach your financial goals. Together, we’ll help guide you to where you want to be. Stop by any branch to get started today.