Articles Posted in financial wellness

pig-money-300x213

Everyone has dreams. It might be starting a family, buying a house, or anything requiring a sizable cash investment. Recent college graduates, unfortunately, feel their dreams are slipping away. The reason is their student loans

The Debt Is Staggering

Many of these young employees leave school with five or six figures of debt burden. The obligations will take years or even decades to pay off. The size of the debt is life altering for many. They must either delay certain decisions, such as starting a family, or even forego dreams entirely. There are college graduates who are making good wages but don’t understand budgeting. The entire situation increases anxiety and frustration in highly talented workers. Countrywide Pre-Paid Legal Services wants to help these young people realize their dreams. We offer a financial wellness program that works.

stockfresh_5401095_money-jar-with-retirement-label_sizeS-300x200
Retirement is coming sooner than you think. There will come a day when an employee cleans out the workstation and leaves. What happens next depends on prior planning. An individual must be financially ready. He or she cannot rely only on a company pension. Preparing for retirement requires knowing what you have and what you owe. Countrywide Pre-Paid Legal Services can help.

We have a financial wellness program to give people a better sense of their finances. We have a nationwide network of certified counselors who could assist plan members.

Gaining the Information You Need

stockfresh_2581878_sad-couple-in-financial-trouble-in-their-living-room_sizeS-300x200

Employers want to help with medical bills. Decision makers know the stress and anxiety of health issues and benefits such as health savings accounts (HSA’s) are appreciated. Organizations can go one step further by having a financial wellness plan in operation.

Offering a financial wellness benefits plan will assist employees in addressing issues such as medical bills. The better plans have a nationwide network of certified financial counselors there to help plan members. Countrywide Pre-Paid Legal Services is one of the best in the industry. We not only aid with medical bills, we also have certified counselors all over the country waiting to provide guidance and support.

Medical debt can come from other places besides a hospital. Dental expenses can be as high as minor surgery and a root canal can be costly. The group dental plan will not cover all the fee. Employees might not understand the cost structure of health care. They might think an EOB (Explanation of Benefits) is a bill (it isn’t). Some education about medical charges would help. Countrywide furnishes the instruction.
Continue reading

 

stockfresh_548333_people-standing-around-of-money-isolated-3d-image_sizeS-300x225

Money does matter. It is central to any independent living and younger employees find that out in a hurry. These employees might not have a good idea of how to handle cash. They are receiving their first sizable paychecks and are uncertain what to do.

It could happen that a person does not know where the money is going and ends up at the end of the month using a credit card to get by. That can cause a problem because credit cards charge double-digit interest. It helps to understand budgeting when it comes to financial wellness. Countrywide Pre-Paid Legal Services recognizes that, and our certified counselors are experts in personal budgeting. Continue reading

credit-cards-300x200

Quite a few people have found themselves in financial trouble since the Great Recession of 2008. They are still trying to recover from the losses and some are deep in a financial hole. Debt brought on by many circumstances will put enormous pressure on individual employees. Their financial wellness is in deep jeopardy.

Countrywide Pre- Paid Legal Services is aware of the suffering of these folks. They might make drastic decisions, and these might lead to life-altering events. Some are willing to risk credit catastrophe because they do not know their options. We know there is a better way. Countrywide has a financial wellness program that we ask employers to consider. Our services are exactly what a person in dire straits needs to get back on the right course. Continue reading

stockfresh_1701311_stethoscope-and-dollar_sizeS_f73430-300x200

Learning is not always easy. Too many people are forced to learn life’s lessons the hard way. It is especially true when it comes to financial wellness.

There is a new generation of employees, the Z Generation, coming out of colleges and universities and ready to work. They have great technical skills but are naïve about finances. Those new employees are not used to simple budgeting or domestic finances. They will make bad decisions, like relying on credit cards too much.

They Could Use Some Financial Wellness Education

They need some education and Countrywide Pre-paid Legal Services will furnish it. We have a network of certified counselors who are well versed in personal finances. These professionals will teach a good lesson and not deliver a sour sermon.

College debt is a big concern for new graduates. Countrywide counselors can explain all the payment options. The counselors will help young employees develop a realistic budget to meet ordinary expenses, and plan for future purchases. Other employees will also benefit from our services. Continue reading

debt-relief-pill-2-300x255

No one should assume their group health insurance covers everything. It doesn’t. There are certain medical procedures the plan will not pay. There are other kinds of healthcare where the insurance company will pay only a fraction of the cost. Combined with a high deductible, a person’s financial wellness may be in trouble.

Medical Expenses Can Be A Challenge

Medical expenses will hit hard. The final bill can be in the thousands of dollars. People may panic and make hasty decisions when confronted with the entire cost. Countrywide Pre-Paid Legal Services is aware of the anxiety. We offer a financial wellness plan to make sense of those large doctor bills.

stockfresh_3576539_stressed-female-graduate-holding-stacks-of-hundred-dollar-bills_sizeS-200x300

Graduation is a special time for any student. The long hours and the sacrifice paid off and the individual will walk down the aisle in front of a proud family towards the diploma. This needs to be a time of celebration but that is not always the case. Too many students walk out of the graduation ceremony into a world of debt.

We are talking about student loan debt which can be comparable to the cost of a house. It is a burden that many have a hard time carrying. The amount of the monthly obligation can harm financial wellness if there is no outside support available. Continue reading

stockfresh_132712_senior-couple-meeting-with-agent_sizeS-300x202
Millennials and recent graduates take center stage in a lot of business discussions. They certainly are important, but they are not the only people in the office. Middle-aged employees can be found in cubicles and on project teams, contributing their knowledge and experience to the youth and enthusiasm of other employees. They cannot be ignored and they have financial wellness issues. Employers need to recognize that.

There Can Be Some Anxious Moments

Those who have loyally worked for years are looking at the future with much anxiety. They are not in college, but they have children who will be going into college and facing major debts. Medical bills are not something middle-aged employees take lightly Paying these obligations can destroy fragile budgets. Countrywide Pre-Paid Legal Services knows about the worry level of employees who are over 40 years old. We have a financial wellness program that also benefits these people.

debt-relief-pill-300x255

Millennials have a good reason to celebrate a job offer. It is perhaps the first real job they have ever had, and it means a regular paycheck. Everything seems to be going just right until a certain bill comes into the house which can threaten their financial wellness. It is a notice that payment on their college loan is due. It doesn’t necessarily have to be a government loan, either. It could be loan payment required by a bank or some other institution that does not offer a grace period. The notice can turn a person’s world upside down.

College Debt Cannot Be Ignored

College debt is a major problem and the amount a new employee owes can be substantial. The payment requirement can be as much as their current rent or house payment. The new employee is not someone who is financially savvy. This person might either ignore the notice entirely or seek some drastic means like filing for bankruptcy. It doesn’t have to be this way at all. Countrywide Pre-Paid Legal Services is here to help.

Ignorance, or not knowing what to do, is the biggest obstacle for any Millennial. Their friends might recommend forbearance but that only delays the inevitable. Countrywide believes that education and good advice is the best remedy for college debt. We have a nationwide network of certified counselors. These people are professionals who are there to help people in need of good information; the kind to get them out of a financial mess. Continue reading