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Do Women Need to Save More When Planning for Retirement?

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While the gap shifts based on age, race and other factors, the harsh truth is, when planning for retirement, most women have to work harder to save the same amount as men. While we work on changing this reality for our daughters, women can also take steps now to ensure they’re ready for whatever comes their way in retirement.

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A Single Mother Struggling to Budget Weighs the Balance Between Just Surviving and Really Living

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So, I had to learn to stick to my budget , which wasn’t easy, especially for someone who’d had to repeat a year of high school math. If I wanted them picked up from school, or to go for a quick after-work run, I had to pay a sitter. It added up. How did I rationalize spending money that put me slightly over budget?

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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

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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. businesses approximately $40 billion in lost productivity in 2022 alone. Here are some options: 1.Retirement

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How Financial Wellness Programs Can Benefit Employees and Employers

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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. In 2022, YNAB launched a financial wellness benefits package for employers that includes access to online classes, workshops and more.

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Using a Financial Planning Checklist Can Help You Meet Your Goals

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Although there are multiple ways to ‘tidy up’ your money , a list that you return to monthly or quarterly allows you to keep track of specific areas each time, giving you better data. See how your spending breaks down and determine where (or if) you need to adjust your budget. It also gives you time to make corrections if needed.

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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

Employee financial stability dropped almost 10 percentage points in 2022; more than half of the country’s workers are living paycheck to paycheck. According to Betterment’s 2022 Financial Wellness Barometer , 64% of respondents claim that financial wellness isn’t about saving for the future or planning for unsuspected situations.

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2023 Financial Forecast: How to Prepare for the Year Ahead

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It’s become more difficult in the past year, however, to know what your expenses will be each month—and that makes it all the more challenging to stick to a budget. In the past year, two dynamics in the broader economy have made it especially difficult to stick with a budget and avoid racking up debt.

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