For six months, Connex Credit Union will be working closely with four 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 sixth annual ConneXfactor competition! Below is the next update on EJ H.
EJ H.: The End of the Financial Road
Coach: Mike Nowicky, Meriden Branch Manager
EJ has completed his 2019 ConneXfactor journey with some new skills to help improve his financial livelihood today, and to carry forward throughout the rest of his financial life. EJ’s goals for the contest were as follows:
• Pay off $2,250 in credit card debt
• Create college savings account for two children with $500 in each account
• Open an Emergency Savings account and save $1,000
We worked with EJ’s detailed budget to look for strategies to help towards meeting his goals, and he was able to open up college savings plans for his children as well as starting an emergency savings account. He also was able to cut some unnecessary expenses to realize some immediate savings that could be used to help in other areas.
The foundation for his financial future has been laid and EJ can now use this experience as he moves forward. During our first meeting, EJ told me how important it was for him to be able to provide for his children while being able to enjoy quality family time. Participating in the competition has lit the spark to help ensure that he can continue to do so for many years to come.
Do you need help laying the foundation for your financial future? 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.