Author: FinFit

Circumstances we don’t have experience with can cause added stress, making it difficult to focus on the best way forward. The important thing is to keep moving forward. You don’t have to have all of the answers, but you can take small steps in the right direction. And you don’t have to do it on your own. It’s okay to ask for help. We’re all in this together. Don’t sit back and wait for life to happen to you. Have a plan and take the needed steps to create what you want Steve Maraboli Reach...

74% of employees are concerned about at least one aspect of their well-being as a result of COVID-19 (financial, social, mental, physical), and an overwhelming majority of them (52%) are most concerned with their financial health. How can you help your employees right now? Communicate. Inform your employees of current business objectives and forward-looking expectations. Make sure your employees are well-informed regarding the benefits available to them. This could include financial or mental...

Crises like this global COVID-19 pandemic we’re currently experiencing can cause individuals to experience immediate psychological and physical reactions to the situation. This is one of the reasons it is so important that the information we convey is accurate, relevant and timely. Misinformation can increase stress levels that are already heightened during the crisis. In the American Psychological Association’s Stress in America survey, 64% of adults identify work and 60% identify money as significant...

During this crisis, it’s encouraging to see companies, vendors, employers and employees coming together with the hope of mitigating as much financial hardship as possible. In addition to the government programs and funding assistance available, there are many other organizations offering assistance where they can. Depending on your current situation, here is a short list of resources you may find helpful: Mortgage forgiveness and forbearance options Auto insurance refund information Auto loan...

It’s going to take an entire organization supporting each other, both employers and employees, to ride out these tumultuous and unparalleled times. The past weeks have shown many positive examples of organizations and individuals rising to the occasion to selflessly help others in need during this pandemic. We’ve also been witness to the worst in human nature – the rise of opportunistic scammers quickly taking advantage of the chaos and uncertainty to prey on normally diligent, scam-savvy...

Instead of focusing on things you can’t control, focus on what you can control. Challenging times like these test our strength, our willpower and our resourcefulness. Thrive Global conducted a recent coronavirus-related survey that revealed 80% of Americans feel helpless and like things are out of their control —people need tools and resources that empower them to take action. But during times of heightened financial stress, it’s even more difficult to focus on the most effective, appropriate...

The coronavirus pandemic has made it difficult to focus on much else; however, Financial Literacy Month can bring some clarity and focus to various elements of financial well-being that are more critical than ever. What is Financial Literacy? Financial Literacy is defined as “ the ability to understand and effectively apply various financial skills, including personal financial management, budgeting, and investing. Financial literacy helps individuals become self-sufficient so that they can achieve...

Some of us are employers. Most of us are employees. We’re all in this together. Today, it’s not just employees struggling with personal financial wellness. Many of their employers are fighting to stay in business, struggling to maintain the financial well-being of the organization. With limited resources, employers are trying to find ways to retain (and afford to pay) their employees while also paying the bills. Businesses are suffering from significantly reduced cash flow, and no leader wants...

We talked recently about showing yourself some grace during this global pandemic. But what about others? Are you contributing to improving the well-being of the individuals in your digital community? As we unite as a nation and stay home, our main line of social interaction is online. Whether you’re a business leader sharing information with your organization, a family member providing information to your inner circle, or a community member informing the public, it’s important to be mindful of...