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Navigating Financial Health – Loans, Mortgages and Insurance During a Recess

Financial health can be defined as the ability to absorb unexpected financial shocks, save and repay debts on schedule, and make progress toward long-term goals. Furthermore, it allows individuals to reduce stress, improve relationships with money and self, and feel in charge of their finances.

Financial wellness checkups provide an overall assessment of your overall financial health. GreenPath (Opens in new window) certified counselors will analyze key indicators like budgeting, credit score, and emergency savings.

Loans

Financial health disparities exist and widen. Women consistently report poorer outcomes in all areas of financial wellness – spending, saving, borrowing, and planning. This gap can be explained by several complex factors, including unequal pay, occupational segregation, and discrimination as well as unequal caregiving responsibilities. These factors contribute to lower incomes and increased costs for goods and services, further widening financial gaps between individuals. There are concrete, actionable steps available that could make a meaningful difference in the lives of many women, benefitting not only themselves but their families, businesses, and ultimately our economy. Our research was made possible thanks to funding from The Principal Foundation – learn more about their work by viewing our full report here!

Even when controlling for income, race/ethnicity, marital status, and age; women remain five percentage points less likely than men to be considered financially healthy.

Mortgages

Our modules offer bite-sized learning, making it easier for you to fit financial education into your busy lifestyle. The information helps create financial slack and relieve the strain associated with money management. We will show you how to create a budget and debt repayment plan, create an emergency fund and save for retirement; ultimately our aim is to assist with short- and long-term goals while remaining financially healthy – whether learning on your own or working with a financial professional, we are here for your journey – we take seriously our responsibility in keeping financial health!

Insurance

Many of us understand the significance of getting regular checkups and taking steps to improve our physical health, but less is said about financial fitness and tactics that could help people stay financially sound.

Studies reveal the serious repercussions that finances can have on both mental and physical wellbeing. Financial issues have the power to create stress that has detrimental repercussions for mental and physical wellbeing – including decreased productivity and even depression.

An individual financial wellness checkup aims to assess key aspects of an individual’s financial wellbeing, such as emergency savings, debt repayment and long-term goals. At GreenPath’s year-end recess checkup sessions with our certified counselors (NFCC), such as emergency savings accounts, debt repayment plans and long-term goals are comprehensively examined – particularly useful for those experiencing economic uncertainty due to inflation or shortages. Participants in these checkup sessions learn strategies designed to increase slack and decrease anxiety – engaging modules designed with bite-size content easy digested bite-size modules designed with bite-size content easily consumed.

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Your financial health and mental wellbeing are intimately interlinked. Individuals struggling to afford basic expenses often suffer anxiety and depression; indeed, money matters are one of the primary sources of stress among Americans.

As with physical health checks, financial health checkups help ensure you’re in top form financially. At GreenPath (Opens in a new Window), their NFCC-certified counselors offer financial health assessments which cover everything from your budget and debt, credit history and score to setting savings plans and meeting long-term goals.

By providing clear, bite-sized learning modules, we help demystify financial concepts and reduce stress. With these tools at your disposal, we empower you to take control of your finances and make sound decisions; additionally they can be used to build slack in order to better absorb shocks when they arise, creating Financial Wellness in the form of paying bills on time while meeting unexpected expenses and progress toward long-term goals.

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