Rolling with the Punches: ConneXfactor 2016

X-factor logo (3)

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 final update on Natalya C.- B.

Natalya C.- B.:  Rolling with the Punches

Coach: Mike Nowicky, Meriden Branch Manager

Natalya experienced many ups and downs during the contest.  She experienced the highs of a new baby and obtaining a summer job.  She also had to navigate a severe financial hardship when her husband’s vehicle died and his new one was involved in an accident just weeks after being purchased.

natalya-c-b

Since the beginning of September, Natalya has gone back to her normal job of mentoring high school students and is starting to get back on track with her finances.  She is able to pay all of her creditors and weekly bills even though her credit card debt increased due to the auto accident.  She has also been able to cut expenses on other items by doing the following:
• Making more meals at home
• Packing lunch
• Eating breakfast at home
• Controlling miscellaneous expenses

In addition, her husband has been using the tools that Natalya has learned through her coaching sessions and he has been able to pay down debt with the remaining funds going more towards the overall household bills.

Natalya stated that at first, not reaching her goal was stressful.  However, she now feels that she has learned the skills to “roll with the financial punches” that may face her going forward.

Lastly, Natalya said that her two children are the most important.  She will work fewer hours in order to avoid the extremely high costs of day care and will spend more time at home raising them.  She said that by being a ConneXfactor contestant, she has learned how to make this a reality.  It was a pleasure to work with Natalya during the competition and I will continue to work with her to help her gain financial success.

We hope you’ve enjoyed reading about and learning from this year’s ConneXfactor contestants’ financial journeys! Our Financial Advocates can also 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!

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Posted in ConneXfactor 2016

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