- OSU Wellness Strategy Model
- Wellness Innovators
- 2016 Catapult Health Screenings
- 2016 Fall Innovator Meeting
- Alcohol Awareness Month
- April Challenge Resources
- December Challenge Resources
- Diabetes: a Health Risk
- Eat Healthy on a Budget by Planning Ahead
- Eat Right For Life Challenge
- Electronic Cigarettes
- Financial Wellbeing
- Flu Season is Approaching
- Holiday Spending Survival Guide
- Hot Weather Safety
- Innovator Training Update
- Innovators List
- Innovators are Doing Great Work!
- Is earthquake insurance for you?
- January/February’s Innovator Challenge
- Keep Your Vision Healthy
- Livongo Diabetes Management Program
- March Challenge Resources
- Men's Health Month - June
- Mental Health Matters
- National Breast Cancer Awareness Month
- National Nutrition Month
- Naturally Slim Success
- November is American Diabetes Month
- October 2016 Challenge
- Office Safety is Everyone's Business
- Physical Activity Linked to Reduced Cancer Risk
- Protect Your Bones
- Seasonal Allergies: Reduce Your Exposure
- Spring 2017 Innovator Training
- Standing Desk Ergonomics
- Stay Safe and Healthy in Winter
- Stress Management
- When Possible, Buy in Season!
- Winter Fitness Safety Tips
- World AIDS Day
- Your role as an Innovator
Financial Wellbeing linked to Financial Literacy
Financial wellbeing includes balancing income and expenses, staying out of debt, and saving for the future. Financial wellbeing also means having a healthy relationship with money. As evidenced by the increase in credit card debt, foreclosures and bankruptcies achieving a high level of financial wellbeing is challenging for a number of Americans. In addition, the demands associated with financial wellbeing is impacting the emotional state of Americans. Many adults report one of the greatest sources of stress in their lives is their personal finances. A few basic, however key, concepts associated with high levels of financial wellbeing include learn to budget, be wary of credit cards, get out of debt, and start saving.
In order to improve financial wellbeing, it is important to increase financial literacy. Financial Literacy is a person’s ability to live within their means and manage money in a manner that is comfortable. The US government established the Financial Literacy and Education Commission (FLEC) to help Americans improve financial literacy. As a part of their efforts, FLEC created MyMoney.gov. MyMoney.gov is a website that identifies resources which help consumers learn how to save, invest and manage money better. According to FLEC there are five building blocks to consider when managing finances and planning for the future. The five building blocks include:
1. Earn- A detailed understanding of pay and benefits
2. Save and Invest – Saving during every chapter of life is important
3. Protect – Precautions to protect financial situations
4. Spend – Budget and use money wisely
5. Borrow - Consider credit history and borrow wisely
Each of these building blocks are associated with increasing levels of financial literacy. Enhancing Financial Literacy will, in turn, improve financial well-being. By doing so, the stress of managing finances can be minimized.
Learn about FREE Financial Workshops available on the OSU-STW campus on Wednesday, April 6 and Thursday, April 7.
Benefits-eligible employees can visit www.guidanceresources.com to learn about additional financial resources available to you through ComPsych®.