Friday, February 10, 2012

Budget - the Work/Life Bridge

http://moneyland.time.com/2012/02/03/personnel-finance-productivity-down-employers-target-debt-stress/

This article presents an intersting viewpoint: employers have incentive to teach employees about personal finance.

What I found even more interesting, however, was this tidbit "There are ideological blocks too: many think school is for Shakespeare and Nietzsche and that teaching kids about money is best left to parents."

When I compare the classes I had in highschool to what my mother had in highschool, I noticed something interesting: classes teaching skills useful to an individual operating their basic every day life, such as cooking, nutrition, and personal finance, have nearly vanished from public schools.

What are a vast majority of American's problems stemming from these days? OBESITY AND DEBT!!

No wonder the private sector has begun to hone in on this lack of information - organizations like http://www.fitbit.com/ and http://www.myfitnesspal.com/ are easy, nifty tools to help people set exercise and nutrition goals, and keep track of their progress.

Similarly, programs such as http://www.mint.com/ and celebrity-like figures such as Dave Ramsey and Clark Howard have popped up trying to help people learn how to manage their money and reach their financial (as well as other) life goals.

Accordingly, employers can benefit tremendously and quite selfishly from helping employees conquer their own health or finance issues. Who would you want on your staff? The unhealthy, broke employee who continually calls out sick or is late due to car troubles that she cannot afford be fixed (unreliable), or the healthy, financially stable individual (reliable)?

Could your organization benefit from implementing Financial Success program?

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