Financial Wellness
Why is Financial Wellness important?
Financial wellness means more than just your ability to manage day-to-day finances. If you have ever asked yourself the below questions, then you have thought about your financial wellness!
- Am I saving enough for retirement?
- How do I make the shift from renting to buying a home?
- Saving for my child’s college is so daunting, where do I even begin?
- I have no trouble paying my day-to-day bills, but how do I handle an emergency expense?
Employees in all life stages can benefit from ensuring they have a financial plan. These are often uncomfortable topics to discuss, however taking your time to evaluate the health of your finances is important. The below resources are available.
Want to explore more tools and resources?
The Employee Assistance Program includes a website that offers articles, webinars and tools on a variety of topics. Visit the EAP page to learn more.
Prudential
Prudential offers a website to EAB employees that allow you to create a profile and explore financial and budgeting resources, tools, articles and webinars based on your financial interests and goals.
Prudential Financial Wellness Center
Prudential’s Financial Wellness Center combines digital learning and interactive tools with personalized content to help you take action. A few examples of what the Financial Wellness Center offers are:
- Over 100 short and relatable educational articles
- Monthly webinars
- Engaging, topic specific videos
- Tracking spending by category
- Interactive and insightful tools, including self-assessment and budgeting tools
- Managing personal finances and budget on a single site
- Consolidating bank and credit accounts from 15,000 institutions and providers
If you would like more information on all resources available to you visit Prudential’s website or check out this flier!
Do you know if you are financially healthy?
Take Prudential’s financial wellness assessment to see where you stand!
Fidelity
- Creating a Will can be a daunting task that frequently gets put off. While the below templates do not replace the services of a legal advisor, they can be helpful for preparing for the future.
- Growing your family through adoption can be financially stressful. There are many resources to assist with adoption, but they can be hard to navigate. This Adoption Credit and Adoption Assistance Program article provides useful information to help you learn more about the financial requirements associated with adopting.
*This is a free tool through Fidelity and may offer or recommend Fidelity products.
Did you know that Fidelity has scheduled webinars that you can attend? These sessions have topics that apply to all employees, whether you are just starting your retirement planning, thinking through your budget, interested in investing or want to make sure you are getting the most out of your retirement savings, these session are a great resource for you!
Resources for Student Debt
Student Debt is a universal problem from which few are immune. According to Fidelity, in the United States alone, 44.7 million people have an aggregate $1.56 trillion in student debt. While it is easy to think of student debt as a Millennial problem, it’s actually Boomers and Gen Xers who owe the most.
Just when many Boomers and Gen Xers had paid off their student loans and started gaining some momentum with their retirement savings, they’ve had to re-board the student debt train, to help their dependents tackle the cost of higher education.
Fidelity Student Debt Tool
The Fidelity Student Debt Tool was built to help borrowers get a complete picture of their student loans and provide actionable strategies for repayment and consolidation. For some, that may mean finding a lower payment with and income-driven federal repayment plan, while others may be interested in making extra payments or applying to refinance.
Additionally, borrowers can learn about federal loan forgiveness programs, step-by-step instructions for making changes to their repayment plan, and read a variety of loan-specific FAQs.
SoFi Student & Personal Loan Assistance
EAB has partnered with SoFi to offer flexible financing options for student loan refinancing, personal loans, mortgages and more. Whether you want to lower your monthly student loan payment, save money on your total debt, purchase or refinance a home or use a lower cost private loan to pay off a high-interest credit card or make a major purchase, SoFi can help reach your financial goals faster.
SoFi: Additional Benefits and Contact Information
Additional benefits include:
- Serious savings: Members save thousands by refinancing.
- Low rates: Low variable and fixed rates with options for short and long-term repayment periods.
- No extra fees: No application fees, no origination fees, and no prepayment penalties for paying off your loan early.
- Easy Experience: Apply in minutes online to refinance your loans or borrow for any kind of personal use.
- Support when needed: Access to live customer support 7 days a week.
- Membership perks: Exclusive networking events, access to free financial planning, educational workshops and more.
Questions about these SoFi products? Visit sofi.com/EABGlobal to start an application then contact SoFi customer service by calling 855.456.7634 or emailing ask@sofi.com.
PNC
PNC offers a website to EAB employees that includes financial wellness education resources and select employee offers through PNC Workplace Banking. Use this link to learn what rewards or offers may be available to you and to apply for an eligible PNC Workplace Banking Virtual Wallet product.
Check out pnc.com/workplacewellness to view financial education articles, videos, webinars, and more.
Select Employee Offers Available through PNC Workplace Banking
PNC Virtual Wallet includes money management tools that provide digital banking experience to keep your money organized. Take control with easy-to-use interactive tools. Low Cash Mode is also a feature in the PNC Mobile app to help you avoid overdraft fees. Click here to learn more.
Select Customer Offers from PNC WorkPlace Banking
This bank-at-work program can help improve your financial wellness in every stage of your career. When you open a new, eligible PNC WorkPlace Baking Virtual Wallet, you can enjoy Low Cash Mode in the PNC Mobile app to help you avoid overdraft fees. You may also earn certain cash rewards on select products and services, including credit card, mortgage and more. Click here to learn more.
