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The Cost of Being Subprime

The Cost of Being Subprime In today’s financial landscape, many individuals find themselves grappling with the challenges of subprime credit. It’s a situation often brought on by various circumstances, from unexpected expenses to simply not having access to proper financial education. With subprime credit, individuals face many obstacles that can greatly impact their financial well-being. High interest rates on loans and credit cards, limited access to financing options,...

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Bridging the Gap: How Financial Wellness Benefits Go Beyond the Paycheck for Employees

Bridging the Gap: How Financial Wellness Benefits Go Beyond the Paycheck for Employees In the world of employee compensation, the ongoing misconception that a paycheck alone guarantees financial well-being is increasingly proven wrong by the complex realities of personal finances. While a fair salary is undoubtedly crucial, it’s merely a starting point. The truth is that employees are faced with an array of financial challenges. This is where comprehensive financial wellness...

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Embracing Financial Wellness Beyond January

Embracing Financial Wellness Beyond January  January is Financial Wellness Month, and there’s no better time to give financial health the attention it deserves. Studies continuously highlight the staggering impact of financial stress, affecting 74% of Americans, which often translates into heightened anxiety, depression, and an overall decline in mental health. These effects transcend beyond personal life, seeping into professional realms, where financially stressed employees spend an average...

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Setting the Tone for a Prosperous Year: Employee Financial Health

Setting the Tone for a Prosperous Year: Employee Financial Health   As we round out the year, this time can be stressful for Americans as they review their finances and aim to craft financial goals for the year ahead. Employees across the nation are embracing resolutions focused on securing their financial health and bolstering savings for a prosperous 2024. A recent report found 67% plan on making a financial resolution for the New Year, with the top goals being to save more, pay off debt,...

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Happy Holidays from FinFit!

Happy Holidays from FinFit!  Happy Holidays and warm wishes for a prosperous New Year from all of us at FinFit! May this festive season bring joy, peace, and success to you and your loved ones. As we step into the new year together, we’re excited about the opportunities ahead and continuing to support you in achieving your financial wellness goals. Cheers to a wonderful holiday season and a fantastic year ahead! Learn More About FinFit

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The Immediate Need for Financial Wellness Benefits: Trends to Watch

The Immediate Need for Financial Wellness Benefits: Trends to Watch  In an employee’s mind, financial wellness is no longer a luxury—it’s a necessity. As the landscape of personal finance evolves, so do the tools and strategies designed to support financial health. Now, more than ever, is the time to explore the emerging trends and innovations in the field of financial wellness, focusing on emergency savings, personalized financial coaching, and access to affordable credit.   A study reported...

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Balancing Act: The Unseen Financial Toll of Caregiving

Balancing Act: The Unseen Financial Toll of Caregiving  In today’s fast-paced world, many employees are facing an unexpected and often overwhelming challenge: caregiving for loved ones. Whether it’s tending to aging parents or aiding family members with disabilities, the responsibilities of caregiving can take a significant toll on one’s financial, emotional, and physical well-being. For the 53 million Americans providing unpaid care, having to juggle caregiving...

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The Hidden Cost of Employee Financial Stress in your Organization

The Hidden Cost of Employee Financial Stress in your Organization In today’s competitive corporate environment, optimizing employee productivity is a key challenge for employers. Even with 66% of employees stating their personal finances are negatively affecting their work and personal life, the impact of financial stress on workplace performance can at times, be overlooked. Financial concerns can severely derail employees’ productivity. As an organization, it is vital to recognize...

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The Power of Diversity, Equity, and Inclusion and How it Impacts Financial Well-being

The Power of Diversity, Equity, and Inclusion and How it Impacts Financial Well-being In today’s economic landscape, working Americans face an alarming financial crisis. While this crisis affects individuals from all walks of life, it disproportionately impacts individuals in specific DEI groups including BIPOC, women, as well as those of disability and LGBTQIA+ status. With these DEI groups facing specific financial challenges, there is a call to employers to create a path toward lasting...

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Employees are Losing More than Sleep over their Personal Finances

Employees are Losing More than Sleep over their Personal Finances May is Mental Health Awareness Month, a time to foster understanding and support for mental health issues. While mental health is influenced by various factors, one area that often is overlooked is the impact of personal finances. According to a recent Bankrate survey, more than half of Americans believe finances have had a negative effect on their mental health, up significantly from 42% last year. With inflation reaching...

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