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 fifth annual ConneXfactor competition! Below is our update on Alyssa W.
Alyssa W.: How to Put in the Work
Coach: Hannah Dewey, Guilford Branch Manager
The end of September marks the end of the ConneXfactor competition, but not the end of good financial habits for Alyssa and her family. During the month of September, Alyssa worked hard to put all of her newfound financial tips and techniques into action that she has learned the past six months.
Alyssa and her wife continued to look for low-cost entertainment options and were able to have another fun-filled month without breaking the budget; in fact, they were able to lower their average monthly spending to almost nothing in this category. They also continued to work hard at shrinking their average grocery bill and now have decreased it significantly without sacrificing quality or flavor! Alyssa also made a huge conscious push to place any extra funds into her savings account rather than spending them on something she really didn’t need. This is a complete turnaround for her, and she is seeing the results of her dedication already!
Alyssa is looking forward to continuing her journey with saving and paying down her debt. During the competition, Alyssa has made huge progress towards her goals of:
1. Paying down her credit card bills
2. Setting up an emergency savings fund and a down payment for a new home
3. Paying down her student loans
Alyssa has surpassed two of her goals by a significant margin and has made great progress on the third. It’s amazing what you can do in just six months when you put your mind to it! Sometimes we think that little changes won’t affect our budgets in a sizeable way, but over time they really do make a huge difference. It takes patience, commitment, and a plan to achieve anything worth having and Alyssa has demonstrated this throughout the competition. I’m happy about her growth and excited to see what goals she accomplishes in the future!
Have you been enjoying the tips from Alyssa’s six-month financial fitness journey? 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.