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Financial wellbeing resources: Ways to help employees become financially healthy

When it comes to the financial wellbeing of your employees, it is important to consider a whole plethora of things. Not only are you concerned about overall financial wellness, but you may wonder how employees are being supported in varying life stages. As a comprehensive financial wellness resource, Your Money Line has considered the needs of each individual and has a solution to help. 

Self-paced courses and specific stage-of-life guides

Have you ever had a question about your finances, and you wanted a reliable answer right then without having to wait? Have you ever dreaded watching a financial course because they always seem to be so dry and dull? Have you avoided starting a course because you “didn't have time”? Yeah, us too! That's why we created financial courses that are quick, witty, and to the point and available 24 hours a day 7 days a week! Not only do we have topic-based courses that cover topics from paying off debt and budgeting to investing, but we also have age-based courses. These courses will help learners feel confident learning about different financial milestones they can expect around their age. They also include financial wellness tips to better prepare for a stable financial future. Our dashboard also includes self-guided learning paths for those who learn better by reading the material. They will find hundred of articles and blog posts to guide them through some of life's most complicated financial situations. 

One-on-one financial coaching 

Personal finance is personal. While general information is essential and can help build financial literacy and provide individuals with financial wellness tips, it’s still crucial for your employees to receive one-on-one individualized guidance highlighting the importance of individual financial well-being. Our Financial Guides are all nationally certified by organizations leading the nation in financial education. Through a non-judgmental and confidential approach, everyone can feel comfortable that they are going to be met where they are and provided the best financial resources available. Financial guides are available 12 hours a day from 7:00-7:00 EST to accommodate the different time constraints your employees face. 

Online account integration 

New to Your Money Line is a financial health assessment tool to help your employees get their eyes on all their financial accounts in one place. It can be hard to have a comprehensive view of your finances when you have a million different accounts with different platforms. This is why we have brought YML+ as an offering to you to help your employees get to their financial goals faster. Not only does this technology allow them a comprehensive view, but through AI intelligence, they will receive nudges to help keep their finances front of mind. This can be helpful in reducing financial stress because they have another set of eyes on their budget at all times. They will also receive suggestions based on their financial goals and preferences. 

Quick, reliable, and consistent answers through text messages and online chat 

We get it; it can be uncomfortable to talk to a stranger about some of your most intimate financial details. We are using innovative technology to remove barriers to communication so your employees can get the answers they deserve. On each individualized dashboard, participants can chat with a trained professional financial guide about any question they may have. Not only will they be able to express their concerns and get answers, but they will be provided with real-time links to financial well-being resources to help them move forward. Now, because we like to be a little extra sometimes, we have also enabled a new feature for our plus participants to allow them more convenient access to our financial guides via text message. That's right, a financial expert literally in your back pocket, ready to answer your financial questions. 

Stability Academy 

Stability Academy is a unique community here at Your Money Line that groups individuals in similar financial situations and enables them to gain more excellent financial stability through monthly pep rallies. We often see financial advice being given out strictly on age and assumed financial health. We know this approach is simply lacking by making some big assumptions, and we all know what it means to assume! While we do offer age-based courses we have also developed a proprietary tool to measure one's financial stability. You can then learn with those who are experiencing similar financial events as you are, regardless of age, income, or family status! As financial professionals, we are not only passionate about your current financial stability but your long-term stability as well. 

Financial calculators and tools. 

Financial well-being resources can take on many forms, as we’ve already explored. I firmly believe that numbers don’t lie, and while they aren’t the end-all-be-all, they should be considered when creating a financial strategy. Our proprietary financial calculators and tools help individuals assess their financial health in a different way so they get a comprehensive view of what they are doing and the powerful changes they are making.

Employee financial wellness resources are of paramount importance in today’s workplace, recognizing that an employee’s financial stability significantly impacts their overall well-being and job performance. With that in mind, Your Money Line has pulled together some of the best collective tools in the industry to provide you with innovative education and one-on-one guidance to reduce financial stress in your workforce, leading to increased productivity, reduced absenteeism, and improved employee morale.