You are at:Home»Category: "Financial Wellness" (Page 6)
Browsing: Financial Wellness
You want to take more control over your money. We have the top financial wellness tips. These personal finance tips can help you reach all your money goals.
or most people working for a company, a significant part of the job is sifting through a whole lot of emails to determine which contain vital information. That means a bunch of potentially useful stuff—like updates on employee benefits—gets weeded out simply because there’s not enough time to engage with everything. But now, during this month when open enrollment typically happens, give yourself time to review the offerings for each of these potentially valuable employee benefits:
It’s that time of year again. No, not football season. Or the start of the holiday shopping season. It’s open enrollment season. As you review your current healthcare selections and research your options, there are two financial options we hope you’ll keep top of mind. Health savings accounts and Individual retirement accounts. Here are a few things to consider.
your online baskets with presents, it is essential to set a plan and create a realistic budget. It is easy to overspend with all of the excitement, but spending too much now could mean months of bills and high credit card charges in the new year.
l expenses – even if you have health insurance – can be steep. However, if your policy has a high deductible, you may be able to use a Health Savings Account (HSA) to pay for some very common (and often pricey) out-of-pocket medical expenses at a tax advantage.
The 2×2 System is where you set aside two hours on the calendar two times a month to complete a predetermined financial task. This modest but consistent effort can help you sustain financial health and build wealth in bite-sized chunks.
nterest rates are always a hot topic, whether the go up or down. As of this writing, the Federal Reserve has raised interest rates four times in 2023 in its effort to curb inflation. While there’s much debate on whether this is a smart move, there’s little doubt that an increase in interest rates for home and auto loans and credit cards makes it more challenging for consumers. But there is a silver lining: increased interest rates mean increased rates for CDs and Certificates.
Medical expenses, even if you have health insurance, can be steep. However, if your policy has a high deductible, you may be able to use a Health Savings Account to pay for some very common (and often pricey) out of pocket medical expenses at a tax advantage.
With so many moving parts in personal finance, it can be tough to know where you stand. By calculating your net worth at least once a year, you can get a snapshot of your progress and better identify areas that might need some work.
your spending limits now and top up savings for gifts, activities, and travel. Calculate how much you’ll need for each category and divide by how many months you have left. Then have that amount deposited automatically into the respective accounts.
