What are your thoughts on
“Financial Stress at Its Peak: Canadians Facing a Deepening Financial Crisis” ?
discuss below.
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The Financial Fitness Evaluator is a great way to understand your personal financial situation. Thanks for sharing this resource.
Glad it helps 🤩
Adding Financial Wellness initiatives to your organization’s Employee Wellness Program is more important than ever. There are so many free resources that you can add to your program, in addition to leaning on your benefits and retirement plan providers. One resource that is worth checking out is CPA Canada. They have a Financial Literacy Program that includes the offer of free seminars for certain groups. Check it out here: https://www.cpacanada.ca/en/public-interest/financial-literacy
Thank you for sharing this tool, Lisa 🙌
I think it’s important to offer “pay yourself first” options for employees such as allowing pay to be deposited into multiple bank accounts to encourage saving or an employer-matching pension plan that encourages employees to contribute. Posters and information about why paying yourself first is important and how to do it, on the bulletin boards.
I agree, offering “pay yourself first” options is a great idea. It encourages financial wellness among employees. Additionally, providing educational materials through internal communications is an excellent way to raise awareness and guide employees on managing their finances effectively. Thanks for your comment, Kelly!
I agree with this very much. We offer our employees the option of directing a portion of their pay to a separate bank account as well as RRSP deductions.