Greylock can help you make choices today to help you achieve a brighter future tomorrow
By John L. Bissell, President and CEO of Greylock
Our world is a challenging place to live. Personal finances are just one of many areas of life where we're all feeling pressure. Necessities like groceries, clothing, home goods and pet food are increasingly expensive, and fuel prices have been on the rise. Buying or upgrading your home, family vacations, and higher education may all feel out of reach for your current budget. It's easy to feel like you're treading water - or drowning - waiting for the flood of inflation to ease back to normal levels.
Whether or not inflation tapers down, prices are likely to remain high - so it's vital for us all to exercise mind over money and look honestly at our financial situations. All of us can make choices today that will support a brighter future, no matter what tomorrow brings.
Here are a few stories that show how Greylock can help:
- Two Greylock members earning decent salaries had been struggling with their monthly cashflow. Working with a Greylock Financial Wellness Coach, they identified ways to save on cell service, groceries and utilities, freeing up more than $600 a month. They also targeted $400 of additional spending on "money gobblers" like salon visits, Dunkin' Donuts and streaming services. In total we helped them cut monthly spending by $800 and move from a mindset of living paycheck-to-paycheck to one of economic security.
- Another member came to see one of our financial coaches because she was really struggling. Combing through her budget revealed that she was $1,200 in the negative. With her coach, she crafted a plan to increase her income and reduce expenses, including some immediate cost-saving measures for groceries, meals out and other bills. By retooling her spending habits, this member cut her monthly expenses by $850. She also took on some overtime hours and pulled herself from the red into the green. Today she even has a little wiggle room in her budget, and she's started saving for an emergency fund.
These are real people with real struggles - and these are real solutions. Whether you're swimming for your life or floating comfortably, you don't have to journey through life alone. Financial coaching at Greylock is totally free of charge, and offered in real time, face to face or digitally. Our team can help you prepare to ride out any storm and achieve true autonomy in a time when so many of us may feel helpless.
Helping to educate our community and assist members with real life challenges is woven into our credit union mission.
Greylock is here for you - today, tomorrow and always.
What do you want to build for your future? Whatever it is, let's build it together.