“I have managed to pay off two student loans totaling over $3,000 and decrease my credit card balances to 25% utilization or less which has improved my credit score tremendously.” - Kayla U., Personal Banker
Meet Kayla, a LearnLux member, who grew up in a household without positive financial guidnace. Today she is using LearnLux to manage debt, educate her family, and pay off student loans.
For HR & benefits leaders, Kayla's story highlights the importance of a financial wellbeing program that blends behavioral finance with a holistic set of offerings that are able to meet members where they're at.
Kayla utilizes LearnLux's jargon-free financial education lessons to learn about actionable steps she can take towards making a budget and paying of debt. With the knowledge she gained, she's paid off two student loans, reduced the balance of another, lowered her credit utilization rate, and is now allocating funds towards areas that can build her wealth.
Join us in celebrating Kayla’s financial progress!
“I am the oldest of four with parents who were not the most responsible with their finances, so they gave very limited lessons to my siblings and I.
Finances - specifically, debt - has always been something that has felt like a big rainy cloud and unmanageable to me. Between student debt, credit cards, family emergencies, and monthly expenses, it can be scary to lay everything out on the table. But, doing so allowed me to have access to educational programs that were directly tailored to my financial picture to capitalize on the new knowledge and educate myself, my siblings, and my customers to help prepare themselves and help manage current obligations.
In the short time I have been with [my company], I have managed to pay off two student loans in full totaling over $3,000 and pay down 25% of another student loan. I was also able to decrease my credit card balances to 25% utilization or less which has improved my credit score tremendously! With the money I am saving from paying off / down these debts, I was able to re-allocate these funds to aggressively pay down the next debt in line, and also increase the amounts I can save towards retirement, emergency savings, and my HSA.
I am so happy to work for a company that finds the value and importance in programs like LearnLux because, when utilized, it can be a wonderful benefit!”
Thank you to Kayla for sharing her story!
