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Back to School Savings

June 20, 2014

savings

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back to school

It’s never too early to start saving for “Back to School”. The summer days will fly past so quickly, that before you know it September will be here. You don’t want to find yourself wading through tons of people, just to get to the items your child wants. It’s always good to plan ahead, so you and your child leave the store satisfied. Here are some tricks and tips to help you get ahead of the pack.

Shop summer sales - Go to your child’s favorite store to find out when they are having sales and plan to shop when the inventory has been marked down. If you shop now and the store marks down the items you purchase; you might be able to get the difference refunded. It always feels good getting the most bang for your buck!

Shop for the basics - Try to only buy the basic supplies and hold off on the popular gear. Retail stores are constantly stocking new items. You don’t want your child to change his/her mind after you’ve bought all of their supplies.

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Financial Wellness and its Impact on Employees

June 11, 2014

Financial Wellness

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financial wellness

Finances can be a stressful topic for many people. Especially when you feel like you have no control over your income, bills, and future.

Stress-Related Illnesses

Unfortunately, worrying about how you are going to pay your next bill or not having enough money to pay for an unexpected crisis is called financial stress. This stress is known to cause a number of physical and mental illnesses such as depression, anxiety, migraines, insomnia, ulcers, back pain, and heart attacks.

According to Isles.org, 75% - 90% of all doctor visits are stress related.* Furthermore, 40% of employee turnover is due to stress. **

When employees experience high levels of stress, their ability to perform efficiently on the job is directly impacted.

 

Work Productivity

Employees tend to use more sick leave and are absent or tardy to work when they are financially stressed.

Additionally, these personal issues affect their quality of work.

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What Does a Valuable Financial Wellness Program for Employees Require?

Executive Summary:

0da446d.jpgOur very own Jennifer Creech explains the key elements that make a financial wellness program successful for both employers and employees.

Jennifer Creech believes financial literacy is an essential skill that everyone should have access to in today’s society. As director of business development at FinFit LLC, a Virginia-based provider of employee financial wellness programs with clients in the Roanoke region, including Goodwill Industries Central VA and Blue Ridge Medical Center. Ms. Creech and the FinFit team works closely with businesses to bring a sense of stability into the workplace through a combination of financial assistance and educational support.

 Although the economy is on the mend, she is seeing that many employees are still struggling to make ends meet, often living paycheck to paycheck. With a lack of financial literacy tools available to the working-class individual, companies that offer a financial wellness program as part of a holistic benefits package provide a valuable service to their employees and can gain a strategic advantage over competitors. As a result, financial wellbeing and employee retention are increasingly becoming top of mind for employers nationwide.

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