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 »
Nearly 33% of Americans withdrew or borrowed money from an IRA or 401(k) during the pandemic, and nearly two-thirds (63%) used those retirement savings to cover basic living expenses. In addition to the global health crisis, many Americans are really struggling financially. Where did those payments for living expenses go? 41% said to pay medical
The 2 Major Consequences of Tapping Into Retirement Early Read More »
We talk a lot about financial freedom over here in the office… What does financial freedom really mean? How do you know you’ve achieved financial freedom? What does it take to feel financially free? How different would your life look if/when you achieve financial freedom? Generally, financial freedom is understood as being able to live
What Does Financial Freedom Mean to You? Read More »
Nowadays, new credit cards are popping up left and right. Paypal, Venmo, Apple, and more all have their own credit cards now, which come with different fine prints and APRs. Navigating these different options can be confusing, and some common questions we receive are: How do you know which provider to trust? How do you
Credit Cards 101: Understanding APRs and Potential Risk Read More »
2020 has changed the way many people think about money. There was less opportunity to spend “fun” money on activities like restaurants, movies, sports games, and more. On top of that, many people also struggled to pay their mandatory bills such as rent, mortgage payments, food, utilities, and others. In fact, nearly 14% of Americans
Budgeting 101: What You NEED to Know Read More »
Financial wellness programs are no longer new. Everyone has been talking about them and everybody knows about them. With that said, to ensure we’re all on the same page, what is a financial wellness program? It’s typically an addition to standard employee benefits like retirement planning and investing information. Financial wellness (or financial wellbeing) specifically
What Your Financial Wellness Program is Missing…. Read More »
In 2021, student loan debt hit about $1.7 trillion across 45 million borrowers. Student loan debt has always been a burden for many. In fact, 3 in 4 respondents associate negative feelings with their loans. Of those: 41% feel frustrated 34% feel hopeless 26% feel angry 22% feel ashamed Around 150 million workers are currently
How Student Loan Debt Impacts All Organizations Read More »
Financial wellness is a topic that has gotten a lot of attention lately. In May 2020, nearly 75% of 700 retirement plan decision-makers reported the financial wellness programs they offer were in greater demand, with 28% recording a sizable uptick in employee usage. Though many financial wellness programs today focus on things like financial literacy
3 Actionable Solutions to Include in Your Financial Wellness Program Read More »
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