MoneyWisdom Blog

8 Ways to Show You Care When a Coworker is Sick

Posted by Maria Porto on Nov 21, 2019 7:00:00 AM

When an employee is struggling with an illness for an extended period of time, a strong human resources department will be prepared with regulations and guidelines for working with that employee during and after treatment. And that is a good thing. But on a more personal level, we often want to help in a more human way — person-to-person. The problem is knowing what we, as coworkers, can and should do.

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Topics: Work, Business

5 Tips for Asking Your Boss for a Raise

Posted by Trish Reske on Aug 19, 2019 7:00:00 AM

You’re a great employee. You work hard and have been performing better than average at your job. You get positive input from your co-workers and your manager. But the bottom line is that you’re not getting paid what you know you are worth. How do you go about asking your boss for the raise that you deserve? Below are five tips on how to ask your boss for a raise – and raise the chances of you actually getting it.

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Topics: Money Management, Work, Business

Setting Up a Small Business in 2019

Posted by MoneyWisdom Newsletter on Apr 1, 2019 3:44:42 PM

A recent survey by The UPS Store, Inc., reveals that 66 percent of their respondents dream of opening a small business, motivated by desires such as being their own boss, seeing their idea come to life, and/or forging a new career path. Also high on respondents’ lists was their optimism that it’s a good time to start a small business.

Perhaps you’ve got the itch to strike out on your own and feel like 2019 is the year to take that leap of faith. Or maybe you’ve already hung up your shingle and need assistance as you grow. At Hanscom FCU, we want you to know we have tools and products designed for small businesses like yours, whether you’re an independent contractor, a mom-and-pop operation, or a fledgling corporation poised to be the next big thing.

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Topics: Small Business, Saving Money, Business

4 Strategies to Manage Irregular Income

Posted by Bill Burpeau on Feb 21, 2019 6:48:00 AM

How can you make a budget when you are never sure how money will be coming in? It's a dilemma that many entrepreneurs, artists, and commission-only salespeople face. If doing the work you love to do is important to you, here are four things you can do to manage an unsteady source of income:

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Topics: Money Management, budget, Work, Business

The Challenges of Implementing a Financial Education Program

Posted by Maria Porto on Nov 13, 2018 7:17:00 AM

Are you hesitant to offer financial education as part of your wellness programs or employee benefits? You aren’t alone. Many of the employers and HR professionals I talk to are aware of the benefits of providing financial literacy support to their workers, but they are also mindful of the challenges.

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Topics: Work, Business, Financial Wellness

How to Increase Participation in Employer Retirement Plans

Posted by Maria Porto on Oct 31, 2018 6:03:00 AM

I talk to a lot of small business owners and HR professionals who want to increase participation in their employer retirement plans. They invest a lot of resources into retirement benefits for employees, yet many are frustrated by low participation rates. 

In an effort to get employees interested in retirement plans, some employers try innovative techniques. For example, the office-supply company Staples created a vampire-themed game to make planning for retirement and money management more appealing to its busy associates.

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Topics: Business, Financial Wellness, Retirement

Owner beware: Scammers target small businesses with these schemes

Posted by Hanscom Federal Credit Union on Dec 30, 2017 7:00:00 AM

The three-letter message on the caller ID strikes fear in any American’s heart: IRS. You pick up the phone, nervously, to hear a somber voice with an unsettling message.

“This is the IRS,’’ the voice intones, confirming the caller ID information. Adjustments have been made to your tax account and an immediate payment is due, the caller is informed. Payment must be made over the phone by cash, wire or services, such as MoneyGram. Even iTunes gift cards will suffice. If not, police will be at your location within an hour.

Reading about such an incident should trigger internal alarm bells. This kind of

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Topics: scams, security, Business

Employees Increasingly Taking Money Problems to Work

Posted by Hanscom Federal Credit Union on Nov 16, 2017 7:00:00 AM

What would you do with $300 billion dollars? 

American businesses might want to ask themselves the same question. That astounding figure is the amount that businesses lose every year because of their employees’ stress levels, according to the World Health Organization, and money is a primary source of that stress. 

More than three out of four Americans (76%) cite money and work as their major sources of stress, according to a 2013 report by the American Psychological Association and American Institute of Stress.

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Topics: Work, Business, Financial Wellness

Survey: Americans site money woes as top reason for stress

Posted by Maria Porto on Mar 15, 2016 1:55:20 PM

The annual Stress in America Survey was released by the American Psychological Association this week, and it shows that Americans continue to be plagued by money worries. 

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Topics: Work, Business, Financial Wellness

The Most Important Question to Ask Before Planning a Meeting

Posted by Hanscom Federal Credit Union on Mar 8, 2016 7:31:00 AM

“Nothing productive happens in a meeting,” cautioned Ted Deeley, a retired executive vice president of a Fortune 500 company. “So many times it seems we have meetings just so people can hear themselves talk.”

Ted’s perspective may not be far off the mark. Business solutions company Atlassian reported most employees attend 62 meetings monthly, with half the meetings considered time wasted. For an hour meeting, this means 31 hours spent in unproductive meetings each month! 

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Topics: Work, Business

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