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 Marilisa A.
Marilisa A.: Instead of a Shopping Spree…
Coach: Michelle Panzo, Orange Assistant Branch Manager
Marilisa has been on a spree this past month! But not the kind you probably think. Instead of a shopping spree, she was on a SAVINGS spree in May.
She did purchase new boots recently for a work ceremony, but she had shopped and shopped until she found a pair at a great price. Sometimes patience can actually pay off! She also played in several hockey games, but she paid for the league in full when she joined. Paying up front resulted in significant savings than if she had shelled out money each time she played. She was invited to a housewarming party, and shared the gift expense with three other friends. They were able to get several great gifts, and Marilisa saved money in the process!
These are all things she would not have done a year ago or even three months ago, but Marilisa has learned that thinking ahead, being prepared, and sharing the expense can save you a lot of money.
With the onset of June, we have already begun talking about her upcoming expenses for the month. Father’s Day, her father’s birthday, and a vacation at the end of the month are all items we are planning for now in her budget. She has a great idea for her dad’s gifts that will make EVERYONE involved happy AND will be cost-effective, but can’t say too much about it yet! Her father may be reading this post, and we don’t want to spoil the surprise. We will, however, have an update on how everything worked out in the next post.
So, as you can see, you don’t have to stop your fun activities cold turkey in order to make room in your budget. It just takes a little preparation and creativity in the short run to see big savings in the long run!
Would you like to find creative ways to cut down on costs while also enjoying your life? 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!