Financial Empowerment
Financial literacy programs are quickly becoming a valuable employee benefit. In fact, in recent years, many corporate human resource departments have recognized the importance of providing their employees with financial literacy education in the workplace. An Aon Hewitt study revealed that 93 percent of 250 employers surveyed said they need to do more to help employees’ financial well-being than just providing 401(k) matching.
Today’s employees also require a different kind of financial literacy education — one that provides employees with guidance on how to educate their children and grandchildren on money matters.
Just as conventional company benefits, such as health insurance and 401(k) plan matching, enhance the overall well-being of an employee’s family, companies can provide financial literacy education programs to benefit their employees’ entire families as well.
Financial Empowerment
Understanding Budgets
In order to accumulate wealth and a proper retirement account, we must understand how to budget our income and expenses. We must learn about the various types of financial statements which will guide us through this process, as well as how and why we must set up and maintain an emergency saving plan.