article thumbnail

Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

Allwork

Employers offering a range of financial support options — such as retirement planning workshops, debt management counseling, and savings incentive programs — can lead to a more stable, productive, and health-conscious workforce. Here are some options: 1.Retirement

article thumbnail

Dry promotions: Definition, considerations, and guidelines for employers

BMT Office Administration

Getting a promotion is an exciting event for employees. However, some of that excitement is probably due to the pay raise that they expect will come with the promotion. But sometimes employers offer promotions without an increase in pay, a growing phenomenon called dry promotions. What is a dry promotion?

Insiders

Sign Up for our Newsletter

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

article thumbnail

The 6 Biggest Financial Mistakes to Avoid in Your 30s

Success

It could be down payment money for a home, putting [funds] toward a young child’s education or investing in retirement. Not saving enough for retirement and not diversifying investments Saving the right amount for retirement varies based on factors such as lifestyle, time horizon and available resources, such as a pension.

article thumbnail

How to Define and Plan for Financial Freedom

Success

Conventional financial advice tells us to earn more money and increase our net worth, and the internet is full of tips to help you get a promotion or start a side hustle. Once you have a target number in mind (be sure to add a cushion for unexpected expenses and then add 4-6% for inflation), you can start to fine-tune your vision and budgets.

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. “I

Travel 306
article thumbnail

How to Know If You’re Financially Ready to Start a Business

Success

Marketing and sales strategy: How will you get in front of your target audience and promote your offering? Are you currently earmarking 15% to 20% of your income for retirement? But if you’re starting a business, then you generally won’t have income to put toward retirement at first. What are their responsibilities?

Expenses 342
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. “I

Travel 246