This process of saving begins with an understanding of how much money you have and where it goes - a budget! In its most basic form, a budget details out how much we make in a given time, how much we spend, and what we spend it on. As a company, you know the importance of keeping a budget, but that knowledge isn’t always shared by our staff. Helping to improve our employee’s financial literacy will make a difference for the company, as well.
By writing out their spending, your employees can easily recognize spending trends and make changes. It also forces them to face the reality of what they buy.
While 4 streaming services may feel necessary, spending $60 a month on TV is much less appealing. Everybody has their own spending struggles. Maybe other people need to look at their spending on eating out., including snacks and coffee. It’s crazy how fast those 4$ items add up, huh!
This doesn’t mean that employees can’t spend their money as they want to. It’s about being aware of how much you spend and what your options are.
It’s about making informed decisions.
Once employees see how much they have left at the end of their budget, they can be intentional with those funds. This can lead to reasonable debt reduction and savings goals, and help them to be less stressed and more prepared for things that come up. It can also help them to prioritize work by removing distracting stressors.
Register for a starter account with us, and your employees can access budgeting sheets to help them get started. There is even a basic savings sheet to help them make financial goals and see how long it would take to reach them. Help your staff to feel confident in their finances.
Reach out if you have any questions. We are more than happy to help.
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