For 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 update on Natalya C.- B.
Natalya C.- B.: Major Changes, Major Discounts
Coach: Mike Nowicky, Meriden Branch Manager
Since my last blog post, Natalya has continued to work towards her goals and is excited about being able to move even closer to the finish line.
Natalya has completed her maternity leave and is looking forward to going back to work on June 7th. She was given another job offer since the last blog post, and has accepted a position working as a Mentor for “at-risk” youth who are in the Foster system. This is especially great news as this job will also pay her more than what she originally agreed to. Natalya anticipates this will help her reach her savings goal even quicker as she will be putting the extra money aside in her account.
With a new child joining her family, naturally Natalya’s expenses have increased for things like diapers and baby formula. Fortunately, Natalya prepared for this added expense by saving money before maternity leave so that all of her regular bills would continue to be paid on time. Additionally, she has become adept at finding ways to further reduce her expenses by working with the utility companies and her cell phone provider. She also takes advantage of student discounts that are available to her.
Now that she is back in the work force, Natalya and I will work on tweaking her budget and savings. Since she is just starting a new job, over the next few weeks we will want to gain a better understanding of how much money she is bringing home in her paycheck.
Even with a new baby, Natalya is keeping up the pace with achieving her ConneXfactor goals!
Need help with preparing for an upcoming life change? Join our ConneXfactor contestants and let our Financial Advocates work with you to create a financial plan to help you stay on track! Stop by any branch or get started online today!