Ever wondered why some women are better than the others at handling finances? Is managing money in a better way rooted in genes? Are some just more intelligent or more qualified? A bit of both perhaps. A 2017 Fidelity study shows that women save a larger proportion of their income than men. Another study built […]
Category Archives: Financial Health
What is Financial Literacy and why is it important?
In major corporate institutions, the HR and finance departments work together and attempt to create financial harmony for the organization’s assets – its employees. It is the HR professionals who are in the position to partner with the finance function to deliver a direct impact on improving financial literacy among employees at every organizational level. […]
The Most Reliable Strategies for Promoting Financial Wellness in the Workplace
Have you ever considered: How many employees are living salary to salary or paycheck to paycheck? The relationship between productivity and financial wellness? How many employees have their retirement savings exhausted before actual retirement? How many employees, both men, and women, actually agree that their compensation is keeping up with their cost of living? Most […]
Here’s How to Recession-proof Your Finances
India found itself among recession-affected countries when its first quarter’s (April-June) GDP growth rate fell by 23.9% – the worst contraction in Indian history. Unemployment rates are historically high, and the economy is in bad shape due to the worldwide pandemic. This is similar to the global recession from the 2008 financial crisis. Over 43 […]
Tips for adjusting your budget when facing a crisis
After the 2008 global financial recession, this is what Martin Khor, the then Director of South Centre, wrote – “ The causes of the global financial crisis are to be found in the financial and economic policies of the developed countries, primarily the United States (US). Developing countries are not responsible for it, but they […]
Bolstering Financial Wellness Programs for Remote Employees
After the pandemic, work from home has become a norm rather than an anomaly. A sudden, big shift in the corporate landscape has been witnessed, and organizational activities such as meetings, deadlines, action plans are now well-tuned to work while we sit comfortably in our living rooms. However, there is a major problem – related […]
Extending Financial Wellness Into Retirement, With Technology
Financial Wellness is an integral part of everyone’s life. Essentially, financial wellness refers to effectively managing one’s economic life. It can include different aspects, such as spending while keeping one’s financial capacity in mind, being prepared for emergencies, having access to and making use of tools and information necessary for making sound financial decisions, and […]
Financial Wellness – All about having the financial freedom to make choices.
In the present evolving workforce, businesses are revaluating how they approach employee benefits. In the endeavors to draw in and hold top ability, organizations are meaning to make all the more engaging advantages programs. They are thinking about new, progressively extensive ways to deal with benefits. Considerably more significantly, they are pondering the make-up of […]
The Relationship Between Yoga & Financial Wellness
“Do not save what is left after spending, but spend what is left after saving”. This infamous quote by investing tycoon and philanthropist Warren Buffet summarises the criticality of managing your finances effectively and consistently. Financial wellness or financial well-being can be summarised as efficiently managing one’s economic life. It includes many factors such as […]
This Father’s Day, Let’s Remember His Financial Advice With #PapaKehteHain
In many homes across the world, especially within our nation, fathers have been traditionally responsible for the financial well-being of their children. This has extended to their role of teaching a child how to sustain themselves when they are on their own. This Father’s Day, let’s celebrate some of the absolutely vital, key pieces of […]