Speeding up debt payoff: Sharrica's LearnLux story

Sharrica shares how, through LearnLux's financial wellbeing program's budgeting tool, she expedited her debt payoff timeline by over four months.
"Now that I'm working on paying off my school debt, which with the plan that I put together with LearnLux, it'll speed up my timeline on paying that off by at least four months." - Sharrica, LearnLux member

For HR & benefits leaders, Sharrica's story highlights the importance of having a trusted financial wellbeing program with a budgeting tool to pay-off debt.

Upon joining the LearnLux program, Sharrica uses the budgeting tool to properly track her monthly spend. After seeing how much she still owes in student loans, she creates and executes upon a plan to pay them off four months faster than she previously thought possible.

Wish Nathan luck as he and his family embark on this journey!

Sharrica's Financial Wellness Story

As a new employee with the bank that I work with, it's been an amazing. Even in the short amount of time that I've had and have been here to learn the things that the company offers, LearnLux is a great program. And I used to always think that I was pretty on the top of the things [and] that I was able to figure out, you know, budgeting alone. But after going through LearnLux and figuring out that my budget putting in my budget [by] putting in my debts, I was amazed to see how much more financially that I was able to do it even though, you know, I never knew how to figure it out on my own.

So, now that I'm working on paying off my school debt, which with the plan that I put together with LearnLux, it'll speed up my timeline on paying that off by at least four months and then going from not having it paid off till next year, to making the changes and it being [paid off] this year is great. I just really love LearnLux, and this was a huge addition to me, already having the great job that I do.

Thank you to Sharrica for sharing her story!

About LearnLux

LearnLux is the leading provider of employee financial wellness that blends fiduciary digital planning with access to one-on-one guidance from Certified Financial Planner™ professionals. LearnLux's award-winning program equips employees with a financial plan to guide them through decision points like budgeting, paying down debt, electing benefits, understanding equity compensation, starting a family, buying a home, saving for retirement, and more.

Advanced reporting keeps our partners in the know, and drives results like reduction in financial stress, increased productivity, reduced employee turnover, greater use of pretax products, on-time retirement, and healthcare savings. Our holistic financial wellness benefit helps employees feel great about their money, allowing their work and wellbeing to thrive.

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