For the next five months, Connex Credit Union will be working closely with five participants to see who can become the most fiscally fit to win a $3,000 grand prize. Each participant has been paired with a Connex Financial Advocate who will offer real-world, practical advice on how to reduce debt, build savings, and many other helpful financial tips and advice. Connex received over 140 applications for the second annual ConneXfactor competition! Below is the first update on our contestant Stephanie S.
Every week, each contestant will talk with their Connex Coach to help them stay on course and make any adjustments.
Coach: Jeff Lucisano, Orange Assistant Branch Manager
Stephanie has applied to be a ConneXfactor contestant to achieve three main goals: establish an emergency fund, pay down credit card debt, and increase her credit score.
Recently, Stephanie and her husband celebrated their wedding anniversary. Usually they go to New York City or the casino for the day, however this time they decided to try something different. They started the day with a pleasurable hike, caught a matinee of the movie they’ve been eager to see, and then enjoyed a quiet meal at TGIF. They decided to use the money they saved to make an extra payment on their credit card bill. Saving money does not have to feel like a chore – you can actually have fun in the process while reaping the rewards!
Stephanie is also changing her spending habits by looking for alternatives to save money elsewhere. She has signed up with Groupon and is taking advantage of promotions that are being offered through her job. –Jeff Lucisano, Orange Assistant Branch Manager