With costs on the rise and wages not keeping up, it’s more challenging than ever for people to stay afloat, let alone save money. However, there are solutions.
Personal Savings
Why Christmas Clubs Went Away and How They’re Making a Comeback
Christmas Clubs, once a popular way for employees to save for the holidays, declined due to legal complexities. Now, emergency savings platforms are reviving them, allowing workers to save conveniently and safely through payroll deductions.
Impact of Financial Pressures on Workplace Performance
The silent undercurrent of financial pressures in the workplace has been laid bare, revealing a pervasive issue across all income brackets and job titles. The weight of financial worries can significantly impair an employee’s mental health, leading to anxiety, depression, and a cascade of cognitive challenges.
How the SAVE Plan Can Boost Your Financial Well-Being
The SAVE plan is a breath of fresh air for those with education debt. It’s a strategic financial tool that enables borrowers to balance loan obligations with financial ambitions. The plan’s flexibility and the potential for reduced payments and loan forgiveness offer a pathway toward a more secure financial future.
Understanding your PLESA Benefits Opportunity
To fully leverage your PLESA benefits, you need to understand the program’s specifics. Established under the SECURE 2.0 Act, a PLESA is a unique type of savings account designed to promote emergency savings. It presents several unique features that differentiate it from typical savings or retirement accounts.
6 Reasons to make an accessible savings account a priority
You may have already read Daniel’s story, which illustrates one of the many reasons individuals are trying to build accessible savings (you can call them emergency savings or personal savings too). In short, it comes down to the idea of dignity and self-determination, not just preparing for the unexpected. But if you’re an employer, why […]