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Our handy financial wellbeing toolkit is a valuable resource for employers to offer to employees. It provides an outline of what financial wellbeing is, as well as steps employees can take to build their financial fitness, no matter what stage of life they are at.
What is financial wellbeing?
Financial wellbeing is when an individual feels in control of money and feels financially secure, not only in the short-term but also under adverse circumstances and in the future. They are able to meet their expenses and have money left over. Being ‘financially well’ is something we should all aspire to, but it can be difficult to achieve – especially during times of high inflation when the cost of living is on the rise.
How can this toolkit help?
We’ve broken this toolkit down into three different sections which cover these scenarios. These are:
Every day: Your day-to-day money management
Rainy day: Your back up when things don’t go to plan
One day: Your financial goals and plans for the future
Each of these sections contains practical exercises that employees can undertake to build their financial resilience and education. For example:
Listing income and expenses
Estimating and tracking spending
Building a personal budget
Reviewing unexpected previous expenses to minimise future shocks
Building a rainy day fund – a step-by-step guide
Creating SMART (specific, measurable, actionable, realistic, time-bound) future financial goals
Understanding superannuation and the steps required now to ensure future financial stability
Packed with helpful checklists and links to external education tools, this toolkit will ensure your employees have the confidence to take control of their financial wellbeing. It’s just one way that Humanforce Benefits, our financial wellbeing benefits suite, can benefit everyone in your organisation.
Download your copy today by filling out the form on this page.