Articles Posted in financial wellness

stockfresh_479551_house-in-hand_sizeS-300x200Some sobering news is making headlines: recession may be possible in the next couple of months. That is depressing for someone who is hoping to purchase a house and people looking for their first home are wondering if they should hesitate. Well, there are ways to buy a house, even in the middle of challenging economic times.

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young-family-stressFinancial concerns are a common source of stress for young families. The financial burden can sometimes seem impossible, from living expenses to healthcare and managing college debt. However, knowing how to manage finances and prepare for unexpected events is critical for long-term financial wellness.


Major Challenges 

One of the biggest financial obstacles is the burden of college debt. It is not uncommon for graduates to owe tens of thousands of dollars in student loans. In addition, healthcare costs continue to rise, making it difficult for a young family to maintain financial stability. People want to be able to buy a house but saving for that purchase is still another challenge that many young families face.

These are problems, but they are not impossible obstacles. Employees who have small children can take steps to improve their financial wellness. It can require careful planning, but the everyday worries can be minimized.

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Credit Card SwipingEmployees want to be responsible for their finances. They know that credit cards need to be managed and used carefully. Concern can lead to anxiety caused by fear of debt, overspending, or unexpected expenses. This type of negativity can be distracting and make employees less productive. Credit card anxiety must be dealt with. Continue reading

stockfresh_636353_stethoscope-laying-on-stacks-of-money_sizeS-300x200Healthcare costs are rising, leaving many people feeling overwhelmed and anxious about managing their medical bills. Feeling apprehensive about the recommended treatment plan and associated costs when facing a medical diagnosis is natural.

However, a way to ease the concerns is by seeking a second medical opinion. It can provide a fresh perspective from another experienced healthcare provider, allowing you to compare and contrast diagnoses and determine the optimal procedure. Additionally, a second opinion helps identify unnecessary or redundant tests or procedures, making it a powerful tool for lowering medical bills.

Finding the Right Physician 

stockfresh_5532754_home-mortgage-concept_sizeS-300x300Buying a home is a lesson in large-scale investing. A person goes into mortgage debt to purchase a home that will appreciate in value as the years go by. The first time anyone buys a house is a learning experience where major mistakes are possible. It helps to know who participates in house buying and what situations must be avoided. We suggest the following ideas.

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stockfresh_4170119_what-is-next-black-marker_sizeM-300x200Some significant changes in college debt will take place in the coming months. First, the US Supreme Court is expected to rule on the Biden Administration’s loan forgiveness plan on or about June 30. In addition, the student loan moratorium is due to expire on August 30. Either way, the college debt situation for many employees will be affected.


The moratoriums have certainly helped, but people may have stopped expecting to provide a monthly payment. If payment requirements start up again on September 1, these same people may need help. It is crucial, therefore, to be ready for any possible outcome to avoid problems with financial wellness. Here are some ideas: Continue reading

Negotiating Medical Bills

An organization’s group health insurance plan protects an employee from the burden of the total cost of a surgery or medical procedure. However, it does not necessarily mean the employee pays nothing. There are copayments and deductibles that need to be met, and these can be substantial. Family coverage is ordinarily available, but paying for a loved one’s medical bills has unique problems.

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stockfresh_8961920_students-watching-together-a-funny-online-video-on-a-laptop-duri_sizeS-1-300x200College debt will cause a young employee to panic. A five- or six-figure loan obligation can compel anyone to make drastic decisions, including foregoing marriage or buying a house. However, there are ways to manage college debt that does not require destroying your financial future. One possibility is a repayment plan.

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stockfresh_94987_family-sitting-on-beach-smiling_sizeM-300x200Many employees come from families where everyone lives in the same house and shares activities and responsibilities. A family budget is as essential as a personal budget because it guarantees that the bills are paid and that there is an acceptable level of tranquility and no anxiety. A family budget helps people better manage their money by tracking their expenses and income over a period of time. It allows them to make more informed financial decisions and prioritize spending.

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