A Financial Wellness Program is often an addition to plain employee benefits and goes beyond retirement planning and investing information.
A well-rounded Financial Wellness Program will promote the accurate understanding and proper application of using money to maximise the likelihood that the worker (or association member) will develop a healthy relationship together with his or her money and establish stable, fulfilling, and satisfying personal finance scenarios reception and work, now and within the future.
Programs Under Financial Wellness
Financial Wellness Programs offer information, training, and support for the employee’s day-to-day personal finance concerns. Additionally, a powerful Financial Wellness Program should include online, telephone, and, where possible, live counselling, coaching, and/or workshops on the subsequent aspects of monetary wellness:
- Personal and household budgeting
- Employee’s Credit Information Improvement
- Debt Reduction Techniques
- Loan repayment management
- Emergency and short-term savings
- Spending behaviours and consumer attitudes
- Financial goal setting
- Financial crisis management
