Articles Posted in financial wellness

Millennials Want Assistance from Employers

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Student debt is a big topic at the dinner table. Families with college kids talk about it all the time, but the anxiety does not end once that student graduates. Instead, after the six-month grace period, the bills start coming in, and they are enormous. Undergraduate debt can be in the five figures, and when graduate debt is added a young person faces perhaps $100,000 or more of college debt. This has a major effect on financial wellness.

Avoidance of Forbearance

Recent graduates who have landed that first job are in the process of making the major life decisions. These judgments are influenced by the amount owed to the government or lending institutions. The college debt can force choices a person does not want to deal with. There are cases where young Millennials simply try to ignore the bills they owe and seek forbearance. Countrywide Pre-Paid Legal Services appreciates the state of mind of these young people. We know it is a sobering process to deal with college debt, but it is not an impossible obstacle. We have financial wellness counselors to help. Continue reading

Budgeting is easy the More You Know

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It is an old story about domestic finances. People are living from paycheck to paycheck. There doesn’t seem to be any rhyme or reason to what is going on. It happens when people refuse to budget. That doesn’t seem to be a problem until other expenses besides groceries come into the picture. Financial wellness is threatened by a refusal to itemize expenses against income.

The Source of the Problems

Budget difficulty springs primarily from debt. It isn’t gasoline or the cable bill, but credit cards, mortgage loans, student loans, and perhaps some medical expenses. These can add onto obligations and an emergency bill can make things even worse. People end up spending more than they are making. It can happen to anyone, especially somebody who feels obligated to pay everything at the end of the month. Continue reading

Countrywide Knowledge Saves Dollars

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The current news indicates that the price of housing is starting to climb. The days of the marketing slump are over, and the cost of the house is becoming expensive. It means that many people were looking to buy a house need to take some serious steps right away.

It Is a Major Decision

A home purchase is perhaps the largest investment any consumer will make. A mortgage of over hundred thousand dollars is not out of the question, and you should be careful. Financial wellness will be in jeopardy if the wrong move is made.

The challenge many people face is lack of knowledge. Most first-time homebuyers do not understand the market, and not knowing what to do can cost them thousands of dollars. Countrywide Pre-Paid Legal Services knows how important it is to make the right move in the housing market. Our financial wellness program includes a housing education option. Continue reading

Countrywide Counselors Provide the Best Advice

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More and more surveys are noting that Millennials want help with their college debt. The figures each graduate owes is very high and has a serious impact. The financial wellness and quality of life of the individual can be harmed by college debt. If these bills are left untended, bankruptcy and credit problems will surface. There are other consequences as well.

The amount of money owed will impact on life decisions. Recent college graduates may have to forgo buying a house or saving money for other reasons. The college debt must be paid and other bills are still waiting for cash. Organizations do not have to give direct financial subsidies to these people who are facing tough financial situations. Many times, expert advice works just as well. Countrywide Pre-Paid Legal Services has a nationwide network of certified counselors stands ready to offer assistance. These are professionals who have experience with telling people how to best manage large amounts of debt. Continue reading

The Medical Bills Can Be Staggering

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Employees expect to pay medical premiums either bi-weekly or monthly. They’re able to budget for these expenses and know what the figures will be. Something that is extremely difficult to budget for, and catches a person by surprise, is the medical deductible. It has the potential of harming the financial wellness of anyone.

Employers in the past few years have tried to contain medical insurance costs by raising the deductible. It means that deductibles that were once one or $2000 are now up to $5000 per year. The crisis sets in when someone has an illness or condition that is not temporary. Continue reading

Countrywide Excels at It!

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There are group legal plans which do not understand communication. The vendors provide service at a distance, or through a page on a website. This may look efficient, but it is not. Communication is more important than this.

Quality Matters

A little extra should be part of the services. Anyone can easily forget a question or two, and getting back to the attorney is important. Countrywide Pre-Paid Legal Services allows an unlimited number of telephone calls to the attorney in each situation. It means additional questions can be asked at another time. This ability to further communicate with the lawyer at no cost helps. Continue reading

Better Finances Reduces Anxietydollar-sign-stones-240x300

 

Depression is a financial term, but it also is a condition brought on by personal finances. The amount of debt a person has can affect their mental well-being. Financial wellness in jeopardy makes a person feel less than enthusiastic about almost everything. We live in a society that appears bent over from debt. It doesn’t matter how old you are; finances can cause problems. Millennials worry continuously about their college debt while older employees face medical bills that are starting to climb. One trouble is being able to budget; there are those who cannot do it at all. These people need help, and Countrywide Pre-Paid Legal Services is there to provide support. Our financial wellness plan helps employees of all ages.

Offering the Best Counsel

This benefit features the advice of experts. Countrywide has a nationwide network of certified counselors. These people deal with all kinds of personal debt and how to lighten the load. A budget analysis is the beginning of all the services. Countrywide counselors will take a close look at the income and expenses of the plan member. This investigation uncovers where there are problems in the cash flow. The analysis also pinpoints where the greatest expenses are and how much out-of-control they are. The discovered data permits the counselor to begin the process of re-instituting financial wellness. Continue reading

They Have Unique Problemsstockfresh_2776410_senior-adult-couple-going-over-papers-in-their-home-with-agent_sizeS-300x200

 

Senior employees are essential to the financial health of any organization. It is not simply their experience that makes them valuable. These staff members are ordinarily decision-makers, and the organization relies on them for getting things done. Their jobs require concentration without distraction. A primary distraction is their financial wellness. Worries about money and bills can cause a senior employee to think less about the job and more about the bank accounts.

New Expenses to Deal With

The troubles can be coming from several places all at once. A middle-aged employee may have children in college and is trying to help them. Taking out certain loans have obligations that the parent should follow through with, or else risk consequences. Older employees use medical coverage more often. It means that the deductible must be satisfied and it gets to be a problem. Out-of-pocket payments for various surgical treatments and therapy can cost thousands of dollars each year. This is all in addition to credit card debt that may be mounting. Continue reading

It Can Lead to Hurt Feelings

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Employees appreciate health insurance. They are grateful when their employer provides coverage to handle medical costs. Nevertheless, there is the deductible to worry about. Modern deductibles are as high as $5000 or more. These impact on financial wellness. It can be difficult to pay a deductible when you are already cash-strapped. Some people will borrow the money to pay the deductible. They will ask family and friends to help. This gets old quickly.

Parents are willing to offer assistance, but they have their own problems, and the same is true for friends. A person ends up owing money to those closest to him or her, creating bad feelings which can last for years. It is better to be able to budget sensibly. There are employees you don’t know much about budgeting and could use some advice. Countrywide Pre-Paid Legal Services is here to help out.
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Our Service Comes in Many Fashionsdebt-relief-pill-300x255

Financial wellness has become more than just a topic of discussion. Employees are increasingly more concerned about their personal budgets and want management to help. Financial wellness programs are benefits that can resolve problems. However, the success of any plan depends on the tools used. The wrong procedures will result in no real changes.

Countrywide Pre-Paid Legal Services has worked with organizations for 30 years to develop sensible benefits for employees. Our financial wellness program has a number of benefits such as help with medical costs or dealing with college loan debt. These have good intentions, but success rests on how we provide service to the plan members. Here is how we do it. Continue reading