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 third annual ConneXfactor competition! Below is our April update on Marilisa A.
Marilisa A.: Spending AND Saving At the Same Time
Coach: Michelle Panzo, Orange Assistant Branch Manager
It’s the first week of the ConneXfactor Competition and Marilisa is off to a good start. We have met twice already and worked out a savings and spending plan to help her accomplish her goals. We set up a special savings account to set money aside for upcoming bills and unexpected expenses. It’s never too early to start working your plan, and Marilisa has already begun to make deposits to this account.
Marilisa had considered cancelling several trips that were planned prior to entering ConneXfactor. However, part of this competition is about learning how to have fun and enjoy life WHILE saving money and achieving your goals. The first trip was this past weekend. Marilisa kept her plans to see a hockey game in New York and have dinner with family and friends. She had a great time, and what made it even better was that she didn’t overspend! She was able to still save money according to the plan we developed. Sometimes we think that we have to completely cut out all enjoyment when trying to improve our finances, but that is simply not true. It’s about balance, and budgeting for those fun activities. Marilisa did a great job with her first challenge!
Would you like help on finding room in your budget to both save and enjoy your funds? 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!