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 our fifth update on Paul S.
Paul S.: Three Jobs+One Program=Dumping Debt Fast
Coach: Gezim Stroka, Branford Branch Manager
Things are looking good so far for Paul and his family. His wife decided to go to school this fall for her LPN certificate, so this has put some pressure on Paul to step up a little more on the home front with taking care of the kids. Even with her new school workload, his wife has not cut down on her job hours and is still working fulltime. They are 100% committed to meeting their set goals for the competition!
They have also decided to consolidate his wife’s credit card debt in the same program he used, which will save them extra money on monthly payments. They can use this additional cash towards other goals.
Shopping in bulk is another way that they continue to save even more money on a monthly basis. Entertainment has been mostly confined to local events around town and spending time with their family. It can be very tempting to “just make one splurge,” but the Skoras are remaining focused in the face of every day temptations.
Paul and his wife are also looking forward to adding another $1,000.00 to their total monthly income once she finishes her program in 22 months. He is also still working two jobs to pay down debt faster.
They are excited about the approaching final stage of the ConneXfactor competition to see if they have a shot at winning the grand prize of $3,000. It has not been an easy road since starting the competition in April, but they are letting the prospect of living a debt-free life and buying their first home be their motivation. – Gezim Stroka, Branford Branch Manager
Ready to be debt-free and on the road to financial freedom? Join our ConneXfactor contestants and let our Financial Advocates work with you to create a financial plan and a budget to help you achieve your goals. Stop by any branch or get started online today!