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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

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Financial wellness programs can help alleviate financial stress and improve overall employee well-being by providing education, resources, and tools for effective financial management. They offer strategies for asset allocation, compounding interest education, and guidance on navigating retirement accounts such as 401(k) plans and IRAs.

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The 6 Biggest Financial Mistakes to Avoid in Your 30s

Success

It could be down payment money for a home, putting [funds] toward a young child’s education or investing in retirement. That keeping up with the Joneses can lead to expenses surpassing income—and the debt that comes with it. have maxed out their credit cards to cover expenses due to inflation. in 2011 to 27.3 in 2021.

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Want to Retain Your Team? Offer Financial Well-being Programs

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Ladder, a life insurance insurtech company, has suggested that companies would give themselves a leg up in recruiting and retention if they promoted a comprehensive financial well-being program for their employees. . Educational offerings. Companies can offer financial literacy programs, continuing education, webinars, and more. .

Finance 290
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Travel Blogger Karen Akpan Shares How She Journeyed From Debt to Economic Freedom

Success

With an expensive California mortgage, car payments and student loans, the emergency fund she and her husband, Sylvester, had dutifully built quickly depleted. With books, blogs and YouTube (or as Akpan calls it, “YouTube University”), she began educating herself on financial literacy and how to budget. Then, in 2019, she lost her job.

Travel 306
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Travel Blogger Karen Akpan Shares How She Journeyed From Debt to Economic Freedom

Success

With an expensive California mortgage, car payments and student loans, the emergency fund she and her husband, Sylvester, had dutifully built quickly depleted. With books, blogs and YouTube (or as Akpan calls it, “YouTube University”), she began educating herself on financial literacy and how to budget. Then, in 2019, she lost her job.

Travel 246
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Can COVID Booster Shots Save Your Business? 

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hard this winter and resulting in an explosion of cases , business executives need to take the lead on promoting the newly updated, Omicron-specific boosters. billion California Public Employees’ Retirement System. . Educate, Incentivize, and Gamify To Promote Participation . So what should executives do?

2022 246
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16 Rich Habits

Success

Try to stash six months of living expenses in an emergency fund in case you lose your job or your business goes belly-up. Contribute as much as you can afford to a retirement plan. 79 percent read educational career-related material. Any change, even positive changes such as marriage or a promotion, can prompt feelings of fear.

Mentoring 317