Endings and New Beginnings: ConneXfactor 2019

2019 connexfactor contestants

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 an update on Nikia B.

Nikia B.: Endings and New Beginnings

Coach: Frank Pomarico, Hamden Branch Manager

It’s hard to believe this is my last blog post on Nikia’s ConneXfactor journey. Time really does fly when you’re having fun working with such a dedicated contestant!

Her biggest challenge was finding opportunities to save because she was working hard just to make ends meet. She also wanted to reduce her credit card debt, and ultimately her reliance on using them.

I’m happy to say that she has made great progress towards reaching these goals, but just as importantly – she’s picked up new habits that will serve her well going forward. Nikia recently told me that she now has more of an optimistic outlook on the changes happening with her finances, and the steps she’s taking to be more structured. She realizes how disciplined she really can be when it comes to saving money.

One area where she has been finding it a bit of a battle is saying “no” to her daughter when it comes to purchases. It’s been an adjustment for her daughter, but Nikia is hoping she will one day see this as a good example and lesson for her and her baby brother in the future.

I’m still working with Nikia on investigating if her mortgage can be refinanced to save some money. Every little bit helps!

It has truly been a pleasure working with Nikia these past 6 months. She has always been available to supply information whenever needed throughout the contest, and willing to accept my recommendations. She was consistent on depositing to her savings and retirement accounts we set up for her in the beginning of the competition. We’ll soon see if she takes this year’s title of “Most Fiscally Fit” for ConneXfactor 2019!

Do you need help improving your finances? 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.



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