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 Christine C.
Christine C.: Minding Your Financial Business
Coach: Kerry Perrotta, Guilford Branch Manager
Throughout this process Christine has been open to really developing habits she can take with her throughout her financial life. She has done a great job fully immersing herself in the process and delivering on the promises she made to herself during the challenge. In her own words, Christine was putting off the financial areas most important to her because it “seems like a century from now, but in reality it is right around the corner.” I know from talking with Christine that she has learned a very valuable lesson: “No matter how busy life is, there is never too much going on to plan for your financial future.” Christine always knew how important this was, but with being a business owner and mother of three, life just always got in the way.
Another learning point for Christine was understanding that not every financial institution carries the same suite of financial products. When she was turned down for a mortgage refinance, it was because that bank didn’t take the time to truly understand the situation and work it would take to get the refinance completed for Christine based on her needs. On the contrary, we were able to help her get her mortgage refinanced, saving her and her family $1,500 a month. This is proof that if you are persistent with your financial goals, the pieces will usually fall into place. The process is not always easy, but in the end your financial well-being should be one of the focal points of your life. Christine has embodied this throughout the ConneXfactor process.
Do you need help with planning your financial future? 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!