Are your employees financially fit? Financial well-being has become a popular wellness program focus. Your employees face various financial pressures in their lives, so it’s no surprise that financial pressures could not only impact work performance, but also overall health.
Consider highlighting these tips in your next employee newsletter to encourage financial wellness.
“Fit and Frugal”: Tips for Improving your Financial Well-Being
Set up auto-pay. Auto-pay is a service that many financial institutions provide to help avoid late or missed payments. Look into your financial institution’s rules and regulations around auto-pay.
Fit and frugal fact: Timely payments boost your credit score and help you avoid collection agencies.
Pack your meals. Many of us fall victim to convenience food options, but what if avoiding the drive-thru could save you $1,200 each year?1 That’s right—you could be spending $100 more each month by eating out for lunch, rather than packing it at home. You can start this week!
- Make a plan (and a grocery list). Be intentional at the grocery store and purchase foods that you can prepare for meals this week.
- Set aside 1 hour. We frequently complain about lack of time but set aside 1 hour before the start of your week to prepare and pack that week’s lunches.
- Prepare for the unexpected. In addition to lunch meals, pack healthy snacks like vegetables and hummus, or nuts and berries. You never know when the vending machine will entice you, so be prepared to avoid that unnecessary spending!
Fit and frugal fact: Preparing your own lunches can yield a healthier, more balanced diet. You can control portions and ingredients. When you prepare your own food, you can limit oils, salt, and other ingredients that can undermine your health goals.
Work with a professional. Financial stress can consume your life, impacting your overall health and well-being. Consider working with a financial counselor at your local bank, or a retirement specialist to help you address debt and plan for future expenses.
Fit and frugal fact: It is never too late to take control and make a plan for financial well-being!