Two Ways You Can Help Your Business Now at No Cost to You

Building a business takes the complete and total dedication of all involved. Making sure customers are delighted while ensuring you are getting the best return on your investments is paramount to success.

Finding ways to mitigate some costs can be a challenge.  First there is trying to promote your business with a minimal budget while at the same time ensuring that your employees are focused on building your business.

Here are two ways you can help your business now to address these costs:

First, financial stress is a major contributing factor to employee performance. Employees may miss work or not be focused on work because they are addressing a personal financial crisis.  This can be reflected in absenteeism, poor performance or a perceived need for employers to help these stressed employees by providing an ‘advance on their salary’ or a ‘one-time gift.’

To help alleviate this issue, your Company may have access to the FinFit Financial Wellness benefit.   This benefit helps educate and alleviate many of these financial stresses that your employees may be experiencing.  Encouraging your employees to be a part of this voluntary financial wellness benefit could be all they need to allow them to focus more on your business and not ask you for help when they have a financial challenge.

Secondly, your business may need to be heard more in the marketplace.  Today happens to be National Be Heard Day for small businesses.  We want to help you to be heard.

Share this article through social media and use the hashtags #nationalbeheardday and #finfit.  We will like, share and retweet your status update, connecting you to others doing the same thing.  If you happen to see this post after today’s date, that’s ok – we’ll still help you to be heard.

Taking these steps cost you absolutely nothing and can help your business be heard and help your employees become more financially fit, allowing them to focus more on your business.

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It's the Right Thing to Do Even When Your Big Game is Everyday

financial wellnessJust because people are famous it doesn’t mean that they aren’t susceptible to bad financial decisions.  Popular sports stars from Dorothy Hamill to Terrell Owens and Mike Tyson have all filed bankruptcies, due to poor choices.[1]

Life happens, and there are some decisions people can make daily to better prepare themselves for those moments.  Making more informed decisions could have prevented Terrell Owens, an all-time NFL Wide Receiver, to make better investments.  Instead, he filed for bankruptcy in 2012.[2]

Some decisions offer results that didn’t go as planned, such is the case with Dorothy Hamill, whose failed business venture with Ice Capades resulted in her also filing for bankruptcy.[3]

Popular sports stars have proven that no matter who you are, anyone can make bad financial decisions.

What if these sports stars were better equipped and educated to handle their personal finances?  The potential for battling their financial challenges would’ve greatly improved as they would’ve most likely made better choices.

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What Financial Health Means to Me

Pay-Bills.pngIt’s an odd question to ask someone off the cuff, “What does Financial Health mean to you?

Some people may hear that phrase and focus on the health side, wondering about hospital bills or medical insurance.   Others may quickly understand that this is really about where one is financially, such as if their bills are able to be paid, or if their child can go to college.

But financial health is all that, and much more. It’s a subject that can impact anyone at anytime.  Right now 57% of Americans are struggling financially. This is approximately 138 million adults, and it’s not just the ‘poor’ that struggle with finances, it’s people from across the several demographics. (Source: Financial Health Consumer Segments.)

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Being a FinFit Hero to Your Kids

SuperHeroDad.jpgOur kids already look up to us for so many things, but we know that there’s so much we need to teach them regarding money, savings and being Fiscally Fit.  As we were growing up, we watched how adults handled their finances: paying bills, putting money in savings, giving to others and even simple things regarding shopping for groceries.   So, what can we do to make sure our children are taught to make the right fiscal decisions when they are old enough to do so?  

Here are a few simple tips on teaching your kids about money and as a result becoming their FinFit Hero!

Give them Real work

Remember having chores at home that your parents asked you to do each week?   Things like doing the dishes, cleaning the house, doing laundry, mowing the lawn, etc…?  

Many Parent’s provide a weekly allowance regardless if those chores are done.   The concern here is that kids would be paid for doing nothing, rather than earning their pay – just like real life.    Have a list of chores to be done, but also have items on that list where they have an opportunity to earn more.   This  concept not only introduces them to a commission based system, it also helps encourage a positive work ethic.

Assign Goals with their Earnings
Now that they understand the value of what it takes to earn money, what should they do with it?

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The Financial Fitness Benefit

11909408_s.jpgYour Employee Benefit packets from HR may contain the help you need to get your financials in order.

An increasing amount of Employers are looking at ways to help employees with other financial issues beyond the subject of Retirement.  

According to a study by Aon Hewitt, a benefits consulting firm,  55% of employers already offer a program to help employees with personal budgeting and other financial issues such as investing, debt management, savings and even health care.

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How You Can Help Your Employees Cope with Unexpected Financial Challenges

winterThe first quarter is a busy time for Human Resource Professionals. HR leaders are facing a number of challenges. A growing economy has made it more competitive to attract and retain highly skilled employees. At many companies performance reviews and merit increases are completed early in the year. The rollout of the Affordable Care Act has added to the complexity of day to day operations.

After several relatively mild winters, the Mid-West, Southeast, Mid-Atlantic and Northeast have experienced frigid cold temperatures and record snowfalls. States of emergency, school closings and natural gas shortages has caused stress and reduced productivity at many companies.

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5 Habits to Help You Achieve Financial Fitness

February 07, 2014

financial fitness

FinFit Staff

Football.jpgIt takes time, effort, attention to detail, goals, measurements and good habits to become physically fit. Successful athletes are creatures of habit who follow a routine to achieve their goals. The average person benefits from 30 minutes of exercise 3 or 4 times a week. Regular checkups are critical to improving physical health.

The same is true for financial fitness. Regular financial exercise is important to long term fitness. Financial Fitness requires developing short and long term goals and a plan to achieve your objectives.

Financial Fitness doesn’t happen overnight. A little a bit of effort on a regular basis can produce great results. John Wooden, the legendary basketball coach at UCLA is famous for insightful and inspiring quotes. This quote is the perfect mindset to adopt for achieving financial fitness.

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5 Steps to Financial Fitness

January 31, 2014

financial fitness

FinFit Staff

Budgets.jpgWe started FinFit to respond to the growing need for companies to provide employees Financial Fitness Programs. Financial Fitness is a relatively new term that has become more popular since the 2008 recession. The nation’s fiscal crises caused massive layoffs, a declining stock market and a corresponding drop in 401K values which negatively impacted all workers. Most American workers became very uneasy and at time frightened about their long term financial future. People want to know what steps they need to take to protect their finances in the future. Financial Fitness became everyone’s goal at least for a short time. Many luxuries were cut from budgets and people only purchased necessities.

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