5 Elements of Financial Wellness
There are five elements of financial wellness that every individual should know: Spending: Have an understanding of what you’re spending your money on: groceries, clothing, coffee shops, and how much you are spending. More importantly, spend less than what you earn so you are able to set aside money to reach your financial goals. Emergencies…
Financial Wellness Tips for College Grads
During college, no one really teaches you the importance of establishing a good credit. But as you enter into the real world, it’s important to be aware that your credit history will affect you getting a mortgage, car loan, apartments, and even potential jobs. Your credit history is a key factor making up your credit…
Why You Should Carry Cash
Most people don’t carry cash nowadays …but if you are trying to improve your financial wellness in 2017, you should consider doing so. Reviewing what you’re spending on each transaction makes you focus on the amount and frequency of your spending, whereas a credit card, you’re less likely to think about how much and how…
Set Up Weekly Money Chats
Discuss upcoming bills and expenses, as well as savings goals you’d like to reach. Together, you can check your accounts to see where you stand. It’s also a good idea to check your spending against your budget to make sure you’re on target for the month. Click the Banner Below for Free Financial Wellness…
Set Annual Goals Together
As part of your financial wellness goals as a couple, set some annual goals together. Talk about what each of you would like to accomplish over the coming year. Do you want to pay off debt, establish emergency savings or start investing? Talk about those goals and prioritize them; then map out a strategy together…
3 Financial Wellness Tips for College Students
Oh, carefree high school days – how I long not to worry about paying a mortgage or grocery shopping or, ya know, responsibility in general. When you’re young, you don’t truly grasp how much college actually costs and how long your loans will actually haunt you for. If you’re not fortunate enough to have parents that…
6 Ways To Save Money
When it comes to saving money, most people know they should build an emergency fund and pay off their debts, but saving doesn’t end there. Try these tips to help you save more money: The Envelope Budget System. Trouble overspending? Try setting a certain amount of cash in an envelope for spending. And once the cash…
Debt Consolidation: Good or Bad Idea?
A debt consolidation loan allows you to pay off your current debts with a new loan that has different terms than your current loans/ credit cards. Whether consolidating your debt is a good idea or not depends on your personal financial situation and the type of debt consolidation your considering. How is this type of…
Save, Then Pay Off Debt
You should have an emergency fund. If not, start with at least $1,000. This way you don’t have to use a credit card. After you have filled your emergency fund with at least $1,000, begin a short, mid, and long term savings goals. Once you have savings established, focus on paying off debt. Paying off debts…
What Can Financial Wellness Programs Do For You?
What Financial Wellness Programs Can Do For You Financial wellness programs are becoming more popular, and it’s no wonder companies are promoting financial wellness initiatives with results like higher worker productivity, reduced absenteeism, and reduced healthcare costs. But what can financial wellness programs do for you? Financial wellness programs educate employees about overcoming personal finance challenges and prepare…
