5 Key Steps to Financial Wellness: Step 1

Defining what financial wellness is can be difficult.  When asking HR managers, you will likely get a range of answers.  With wellness being all the rage, we will break it down to the five critical aspects of wellness starting with the most important one (in our humble opinion).


When conducting enrollment meetings for retirement plans, we frequently focus on how much you need to save to fund the same lifestyle in retirement.  Before we even get to that point however, we have to make sure people know where their money goes.  Housing is likely a huge chunk.  Taxes are another.  What about health, savings, transportation, education, food, utilities, etc.

This is the most important step because to change spending behavior, we have to know where are current spending occurs.

Stay tuned for steps two thru five!