Remove Budget Remove Education Remove Learning Remove Retirement
article thumbnail

Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

Allwork

Financial wellness programs can help alleviate financial stress and improve overall employee well-being by providing education, resources, and tools for effective financial management. They offer strategies for asset allocation, compounding interest education, and guidance on navigating retirement accounts such as 401(k) plans and IRAs.

article thumbnail

7 Apps to Teach Kids About Money

Success

Budgeting and building credit are only the beginning—you also have student loans, mortgage rates and maybe even cryptocurrency and non-fungible tokens (NFTs). A 2017 study found that disparities in financial literacy may account for as much as 40 percent of the wealth gap between those retiring with more and those retiring with less.

Verizon 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Financial Wellness Programs Can Benefit Employees and Employers

Success

Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. Employers are now providing a broader suite of benefits and are increasingly recognizing the importance of financial wellness programs for employees.

article thumbnail

Travel Blogger Karen Akpan Shares How She Journeyed From Debt to Economic Freedom

Success

Karen Akpan, known as @themomtrotter across social media, started her blog in 2017 to document and share budget travel hacks for people. With books, blogs and YouTube (or as Akpan calls it, “YouTube University”), she began educating herself on financial literacy and how to budget. This is when Akpan landed a gig from her blog.

Travel 306
article thumbnail

Travel Blogger Karen Akpan Shares How She Journeyed From Debt to Economic Freedom

Success

Karen Akpan, known as @themomtrotter across social media, started her blog in 2017 to document and share budget travel hacks for people. With books, blogs and YouTube (or as Akpan calls it, “YouTube University”), she began educating herself on financial literacy and how to budget. This is when Akpan landed a gig from her blog.

Travel 246
article thumbnail

Want to Retain Your Team? Offer Financial Well-being Programs

Allwork

Financial coaching on the basics of personal finance is offered by 24% of respondents, and includes advice about personal budgeting, savings, debt and credit management. Educational offerings. Companies can offer financial literacy programs, continuing education, webinars, and more. . They include: . Healthcare from day one.

Finance 290
article thumbnail

Start Talking to Your Kids About Investing—Here’s Where to Start

Success

Learning to invest is intimidating for many adults, so the idea of teaching kids about investing can be a source of stress for many families. It’s essential to get started, though: According to a recent Bankrate survey , “four in 10 teenagers (41%) were not receiving any financial literacy education in school.”

Finance 246