Financial Wellness Programs Definition

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.

Financial wellness programs definition. As a result a growing number of organizations are launching financial wellness programs for their employees to help them get their finances back on track. 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. Financial wellness is a topic that increasingly pops up on the agenda of employers. 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.

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. Mint mint is a budgeting tool that helps you create and stick to budgets. Cash course cash course is a budgeting tool designed for students.

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.