Financial Wellness Increases Savings & Preserve Retirement Accounts

FinFitLogo-300x127.pngVIRGINIA BEACH, Va., Sept. 16, 2014 /PRNewswire/ -- A new survey assessing financial wellness programs in the workplace reveals that the combination of financial education with employee lending solutions significantly increases employees' ability to save money and reduces instances of borrowing from 401(k) retirement accounts when faced with financial emergencies. The survey also shows that employees taking advantage of these programs are more focused and productive on the job.

Commissioned by FinFit LLC, a financial wellness and benefits company, the survey asked employers and employees for feedback on their experience using the programs. Nearly 1,000 individuals participated, with companies ranging in size, from approximately 150 to 2,000 employees, and operating across a broad spectrum of industries, including healthcare, manufacturing, education, and automotive.

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Do You Have a Financial Plan For When Mother Nature Strikes?

FinFit_Final_Logo_jpg.jpgAs the impending Tropical Storm Arthur concerns those along the east coast ahead of the July Fourth holiday weekend, one can’t help but think of that fact that harmful weather conditions are gripping regions across the U.S., leaving a wake of destruction. Damage from natural disasters not only wreaks havoc on families and their property, it places an enormous financial burden on everyone affected, especially those who aren’t prepared with a rainy-day fund. Even people living in regions of the U.S. that are inclined to severe weather, armed with insurance to cover damages, often are faced with significant reimbursement delays.

When a catastrophic event takes place, such as the recent tornadoes in Nebraska or the flooding in the Midwest, the initial reaction is to assess the damage and deal with the emotional stress, but inevitably, financial stress is not far behind.

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Back to School Savings

June 20, 2014

savings

FinFit Staff

 

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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Tips to Saving Money

May 29, 2014

tips, savings

FinFit Staff

budget.jpg

Are you in a financial rut? Can’t see a way out?

Don’t fret!

There is always hope. Here is how you can get out of your financial depression and get on your way to financial progression!

 

Calculating your Net Worth

Your net worth is the difference between what you own and what you owe. So, make a list. Write down your assets (what you own) and your liabilities (what you owe). Subtract your liabilities from your assets and you will get your net worth figure. Knowing your net worth allows you to find out exactly where your money is going.

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