As some of you may know, Set for Life is the inaugural sponsor of this year’s EBA-EBN Financial Fitness Challenge, a national financial wellness program offered to employees by 17 employers across the U.S. After the conclusion of the Challenge, SFL will be attending the Employee Benefit News Benefits Forum & Expo from September 9-11, 2012 in Phoenix, Arizona to promote financial wellness in the workplace, as well as the importance of financial health at any age. With the Financial Fitness Challenge drawing to a close in the next few weeks, perhaps it is a good idea for all of us to reevaluate our financial wellness and how we control our financial lives.
The Financial Fitness Challenge was designed to provide an engaging and interactive platform for employees to learn about financial issues and better manage their finances. However, programs like the Fitness Challenge can only help so much – it is up to the individuals to take control of their financial lives and continue to do so even after these educational programs have ended. With 76% of Americans saying they are stressed about money, it is apparent that financial problems affect physical health as well, and financial wellness becomes even more important (link).
Regardless of how you plan on becoming more financially fit (whether it be by consulting a financial professional or simply educating yourself), we can all agree that having a firm grasp of financial issues and being financially literate will pave the way to bettering our financial health. Programs like the Financial Fitness Challenge are certainly good starts to financial wellness. However, financial wellness is an ongoing process, and achieving it will require us to evaluate our finances frequently and consistently.