A holistic financial wellness solution must enable an individual to identify their financial goals, assess the specific areas where financial wellness assistance is needed, and provide tools and resources that allow the individual to achieve financial freedom. FinFit’s financial wellness programs support the key financial elements that impact an individual’s overall well-being: Spend, Save, Borrow and Plan.
Financial wellness is a term used to describe the state of one’s personal financial situation. There are many dimensions to financial health and well-being, including the amount of savings you have, how much you’re putting away for retirement and how much of your income you are spending on fixed or non-discretionary expenses.
There are many benefits when it comes to financial wellness and wellness programs. To be successful, these programs need to do more than just provide education but need to result in employees’ making positive behavioral changes that lead to financial success. The first step for employees is to identify their current financial health and establish their financial goals through a personal financial assessment.
With relevant recommendations and solutions, they can apply what they’ve learned immediately to create positive behavioral change and establish healthy habits through the use of budgeting tools, financial calculators or a savings program.
Financial counseling from certified professionals can provide the additional encouragement and motivation they need to develop a plan that works for their unique situation. For individuals that need support to overcome current financial challenges, FinFit offers financial solutions that provide an affordable alternative to help them end the cycle of debt and regain their financial health.
Improving employees’ financial well-being will lead to healthier individuals which in turn, benefits the entire organization by creating a workplace culture of motivated, focused employees. Reduced absenteeism, decreased turnover rates and increased employee satisfaction and morale are a few of the benefits financial wellness programs can bring to an organization.
Delivered via a 24/7 online platform, FinFit delivers financial wellness to employees when and where they need it.
Unlike education-only methods, FinFit provides financial solutions that allow employees to assess their unique financial situation and compare their options.
Employees should be informed and empowered to solve today’s challenges, so they have the opportunity to plan for their future. FinFit is a powerful way for employers to attract and retain talent by helping employees focus, transform their financial situation and become more productive at work.