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Articles Posted in financial wellness

stockfresh_765008_help-me-please_sizeM-225x300The holiday shopping season is about to begin. Many people are excited and a little Christmas spirit helps get folks out of a funk. Some employees, unfortunately, are profoundly depressed and worried. These have personal debts, which have stressed their budgets to the breaking point. They face bankruptcy or foreclosure.

They Don’t Deserve Blame

The past year has been extraordinary. COVID-19 has severely hit everyone’s finances. Stimulus checks helped, but economic hardships still prevail. College debt, credit cards, and emergency medical expenses hammered many consumers. Their financial wellness is being compromised. Anxiety will lead to poor decisions that create formal mistakes. Those in financial danger need help as soon as possible. Countrywide Pre-Paid Legal Services knows the risks that financial panic creates. We have a program to help employees regain their economic balance. Continue reading

stockfresh_132711_senior-couple-meeting-with-agent_sizeS-300x201It is the start of the benefits enrollment period for many organizations. Employees are busy either enrolling in a new employee benefit or renewing their status. The medical benefit is the one that concerns people the most. It has the potential to be a significant protector of a person’s financial security.

 

Medical bills are large and a person without insurance can be in a desperate situation. However, having medical insurance does not get anyone out of the woods entirely. Healthcare benefits have changed over the last few years, and deductibles have gone up while the coverage percentage for various treatments has been reduced. An individual needs to schedule any medical procedures to prevent being hit with a sizable cost. Continue reading

stockfresh_7560715_multitasking-woman_sizeS-300x300Remote workers are learning to cope with the challenges of being away from the office. They know how important it is to check in frequently and try to connect with their team. Remote workers do face a lot of anxiety about money. They get concerned that an emergency may cause a financial disaster.

 

Medical emergencies can come like a shot in the dark and they can cost a lot of money. If other emergencies arise, such as an auto accident, an employee needs money right away. Not everybody has saved for a rainy day, and a financial loan is necessary. It is unfortunate, but people may be forced to seek out a payday loan.

 

The cash is immediate, but the interest rates are astounding. It may be challenging to repay a loan that has a three-digit APR. It can damage anybody’s financial wellness, and a compassionate employer needs to find an alternative to help a beleaguered employee. Continue reading

stockfresh_7560715_multitasking-woman_sizeS-300x300Making money is always exciting but managing it can be frightening. Employees appreciate being paid and, ordinarily, the wages received are sufficient to cover daily living expenses. Managing financial resources should not be difficult, but sometimes people lose control of their money, which creates problems.

 

How Is It Being Spent?

 

Folks know where the money is coming from because it shows up on payday. What happens next can be a mystery for those who lived from paycheck to paycheck. Somehow, a person is in trouble only days after receiving wages. Continue reading

stockfresh_765008_help-me-please_sizeM-225x300COVID-19 has changed the working lives of many Americans. The workplace has become a space where facemasks, sanitizers, and newly erected cubicles are used to make people safer. Remote working, doing your business from home and not the office, looks appealing, but it has its drawbacks.

 

Organizations are starting to discover that there are some serious challenges to having people work outside the office. The interaction that was taken for granted now seems to be more critical. There is daily contact with other people that remote working cannot provide. It adds to a feeling of tension and stress. Continue reading

stockfresh_225020_eraser-and-word-debt_sizeS-300x200People are living through some hard times and may have seen their finances stretched to the limit. Mortgages, rent, credit card balances, and emergency medical bills have made life almost unbearable. Some are facing bankruptcy and others have no choice but to file for it.

 

Outside help in ending the financial wellness crisis would be fantastic. Countrywide Pre-Paid Legal Services has benefits to help people facing bankruptcy. The services will also help those in bankruptcy work their way through it.

 

Certified Counselors Will Assist Continue reading

stockfresh_2142927_family-holding-a-sold-sign-outside-their-home_sizeS_62ad93-300x200Folks run into cash problems because of poor money management. It does not always happen that they are not making enough money, but their wages are not well managed. Becoming a better money manager will take an awful of stress off an individual’s shoulders and allow that person to have a more optimistic view of life. Organizations have an opportunity to help their employees become better money managers.

 

Financial security is not built on some complicated economic model. An ordinary person can be an excellent money manager who can meet all recurring bills and save money for sudden emergencies. Getting some good advice is vital for sharpening money management skills. Countrywide Pre-Paid Legal Services can help. Continue reading

 

stockfresh_5532754_home-mortgage-concept_sizeS-300x300The national housing market is currently going gangbusters. Sales and prices are going up and there is a strong demand for houses, fueled by low mortgage rates and a desire to own property. The pandemic has made some alterations to what a buyer wants. Extra rooms make a house attractive since more people are looking to have workspaces.

 

 Some people might be frustrated because they cannot afford a house. The good news is that there is a rhythm to the housing market. The demand might soften and what is a sellers’ market can become a buyers’ market. There is time to get ready. Continue reading

stockfresh_4971788_student-loan-debt-installment-payment-check-money-paid-back_sizeS-300x300College graduates are getting a well-appreciated reprieve from college loan payments. The government is permitting a payment holiday for federal college loans, which reduces the stress on personal finances. This holiday, unfortunately, is short-term. Financial obligations will return later.

 

A Heavy Load

 

College loans are a dark cloud hanging over a person’s head. The balances can take 20 or more years to pay, and many life decisions are postponed or never realized. It is frustrating for any young employee to have a school debt the size of a mortgage. Continue reading

stockfresh_121705_tax-calculator-and-pen_sizeS-300x199Employees are beginning to come back to work and are adjusting to the new normal. Quarantine furloughs were not easy, and the stimulus checks helped make ends meet. These are tough times, but it is an evil wind that blows no good. Now is a good time for folks to put their financial house in order.

The Paycheck to Paycheck Routine

Many have no idea about budgeting. They exist from paycheck to paycheck and they have no concept of their cash flow. Terrible habits jeopardize financial wellness. Good advice and guidance help a person become more fiscally responsible. Countrywide Pre-Paid Legal Services has a benefit that assists people with many financial wellness issues.