Financial wellness should encompass many things, including: Financial education and counseling Financial tools and solutions that work Incentives to save and invest Today, many financial wellness programs focus only on financial education. What they’re lacking in are actual solutions or tools that help employees resolve debt or start saving. TrueConnect was founded as a small-dollar […]
Introducing a New Financial Wellness Platform… Read More »
Getting back to the basics today… Let’s break down two very important concepts when it comes to consumer finances. Both credit scores and credit reports are equally as important to understand when it comes to how they’re used by creditors and how you can access them. Definitions of the two… Both credit scores and
Credit score vs. credit report – what’s the difference? Read More »
Okay this topic is nothing new… Proposals to change the current credit score model have been around for the last 20 years or so. These proposals to change the model come from policy makers who want the credit score models to be more transparent and defined. On the other side, the major credit bureaus are
Will the weight of your credit score change soon? Read More »
Your definition of financial stability may not necessarily be the same as how your friends, family, neighbors or colleagues describe it. Though we can all agree that financial stability really boils down to how confident and secure you feel with your finances. According to the CFPB, financial wellness is defined as: “A state of being
How confident are you in your financial health? Read More »
Unfortunately, financial stress is still alive and well. Earlier this year, 63% of workers claimed their financial stress has increased since the start of the pandemic, according to PwC’s 2021 Employee Financial Wellness Survey. Now, with the Delta variant taking hold of the nation who knows what that will do to the economy and personal
Why your employer should care more about financial wellness solutions Read More »
Is the hybrid work model here to stay? Unclear right now. One thing we do know though is that the hybrid work model may have a negative impact on personal financial stress. First, what is the hybrid work model? Many organizations are offering the opportunity for employees to work two or three days a week
How the hybrid work model could affect personal financial stress Read More »
Payday loans are scary. And frankly they’re not just scary, they should also be illegal. Payday loans trap Americans, especially lower-income Americans, in a cycle of debt that could take years to get out of. What happens when you have a family to feed? Or your air conditioner breaks? Your electricity turns off? Your roof
How you can help stop the debt trap Read More »
Which should you do first: build your emergency savings fund or pay down debt? Right now… 56% of Americans are living paycheck to paycheck 70% of Millennials specifically are living paycheck to paycheck (more than any other generation!) 69% of adults have less than $1,000 in their savings account Average American debt stands at $6,270
Should saving still be a priority if I have debt? Read More »
Why is talking about money frowned upon so much? Sure, bragging about how much you make is tacky. And divulging how much you spend on something extravagant isn’t always needed…but it is important to talk about the other side of money. It’s important to start talking more about saving, investing, how to get out of
Why It’s Important to Talk About Money Read More »
2023 TrueConnect
