Introducing our Financial Wellbeing Expert

With conversations surrounding financial wellbeing gaining momentum, we would like to introduce you to our financial wellbeing expert Charlotte Jessop. Charlotte launched Looking After Your Pennies in 2018 and has been supporting people with their money ever since. She has been featured in many high-profile newspapers and publications and has worked with high-profile organisations supporting their employees to improve their money-related wellbeing. She is excited to see her book launch in 2024. 

Let’s quickly delve into what financial wellbeing entails, its effects, and strategies for improvement.

Financial wellbeing encompasses a sense of control over present and future finances, manifesting as money security and the absence of money-related stress. Conversely, poor fiscal wellbeing can lead to physical health issues, worsened by neglect due to stress. It also signifies a bleak long-term economic outlook, potentially causing mental health decline and creating a vicious cycle. These affects can have a significant impact on the workplace by reducing productivity and contributing to absenteeism and presentism. 

Attaining good money-related wellbeing involves managing debt, building emergency funds, maintaining a good credit score, saving or investing, practising conscious spending, securing appropriate insurance, and planning for retirement. Integrating financial self-care into one’s wellbeing strategy requires consistent planning, communication, monitoring, and seeking professional help if necessary. 

In conjunction with Charlotte, we have created a suite of wellbeing services to help employers ensure that their employees have the support they need to reduce the burden that poor fiscal wellbeing can have on an employee. Our financial coaching programmes, educational courses, and resources offer support tailored to individual needs.

Summary

·     Financial wellbeing is feeling in control of present and future finances, leading to money security and reduced stress. Conversely, poor fiscal wellbeing can lead to health issues and mental health decline.

·      Poor financial wellbeing can significantly effect workplace productivity, contributing to absenteeism and presentism.

·      It includes managing debt, building emergency funds, maintaining good credit, saving or investing, practising conscious spending, securing insurance, and planning for retirement.

·      Financial self-care into overall strategies requires consistent planning, communication, monitoring, and seeking professional help if necessary.

·      Employers can support their employees’ financial wellbeing through coaching programmes, educational courses, and resources tailored to individual needs.