For six 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 100 applications for the fourth annual ConneXfactor competition! Below is our update on Brittany C.
Brittany C.: How to Save? Go Back to Basics
Coach: Mike Nowicky, Meriden Branch Manager
Brittany has come out of the gates full steam ahead towards meeting her goals in the ConneXfactor competition! Her goals for the next six months are as follows:
- Pay off existing credit card and her husband’s car loan
- Start 529 plans for her two children
- Start an Emergency Savings account
Having met with Brittany, I have found myself impressed that she is already working on creative ideas to help her family save money to meet her competition goals. For example, they have planted a large garden to offset the costs of fruits and vegetables during the summer. She also hangs out her laundry to dry, thus saving on electricity costs.
Brittany also welcomed a new member to the household last month – a daughter. Having a baby is a joyful time, but can also be an expensive one. However, Brittany is again being resourceful and finding different tactics to cut down on costs. One of her ways to save money is by using cloth diapers since plastic diapers are so much more expensive. She will also be using her older daughter’s clothing to hand down to her newest daughter which will, again, save money that will go towards her competition goals.
She has a bunch of great ideas and tools that she is using, but I don’t want to give all the secrets away just yet! Her excitement about the competition and her great ideas will keep you all coming back each month to see how Brittany progresses and what new money-saving tips she might share.
Do you need help with ideas on how you can save money on everyday expenses? 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!