Financial Wellness Programs Definition

Each employee has different financial priorities and obligations so a successful wellness program requires solutions tailored to an employee s unique circumstances.

Financial wellness programs definition. Those looking to improve financial wellness among the people they know can partner with the efforts of financial educators to bring a quality. Financial wellness programs should work in the same way offering holistic support and advice to employees so they can meet short term needs while working toward long range goals. Liz davidson founder and ceo of financial finesse in el segundo california says we must ensure that all financial wellness providers act in the best interest of employees by following an established set of standards or we run the risk of this movement becoming a euphemism for financial services companies payday lenders high interest rate purchasing programs and others who want to. Such programs do not replace the financial education programs of the past that concentrate on investments and preparation for retirement.

Aggie blue to gold financial wellness program the aggie blue to gold financial wellness program has online resources and student advisors you can meet with to help you improve your financial wellness. With 69 of workers being stressed about their finances and 72 worrying about their personal finances at work it s not hard to see why. Mint mint is a budgeting tool that helps you create and stick to budgets. While it will be wonderful someday to see financial wellness programs include these services as well it is important to know that day to day money management addressed by the new generation of financial wellness programs requires a very different skill set.

A financial wellness definition recognizes that a lack of proper financial planning leads to increased stress lower academic performance and lower productivity among other negative consequences.