MoneyWisdom Blog

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: Retirement, Business, Financial Wellness

Hanscom FCU's Financial Education Programs Win Excellence Award

Posted by Diana Burrell on Sep 14, 2018 8:42:22 AM

Earlier this summer Hanscom FCU was presented with the America Saves Designation of Savings Excellence Award in recognition of our member outreach during America Saves Week, February 26 - March 3, 2018. The award was given by the nonprofit Consumer Federation of America, which coordinates the week-long spring campaign.

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Topics: Military, Financial Wellness

We Have Answers to Your Money Management Questions

Posted by Hanscom Federal Credit Union on Jul 15, 2018 10:54:00 AM

We created a financial education suite with you in mind. It gives you tools to manage your money wisely. Find our popular MoneyWisdom blog, downloadable how-to guides, and 24/7 access to financial counselors – all available to you in the privacy of your own home and at no cost.

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Topics: Money Management, How-to Guides, Financial Wellness

Free checking with rewards? Say hello to Kasasa

Posted by Hanscom Federal Credit Union on Jul 13, 2018 11:50:17 AM

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Topics: Financial Wellness, Kasasa, Checking

4 Ways to Manage Medical Debt

Posted by Hanscom Federal Credit Union on Apr 11, 2018 7:12:00 AM

Unfortunately, when you get sick or injured, getting better is often not the only concern. Even if you have health insurance, hefty medical bills can hang over your head like an ominous rain cloud. Many people feel that they have no choice but to ignore the bills or eventually file for bankruptcy. However, these are not the only options. There are many ways you can make paying your medical bills more manageable.

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Topics: Debt, Money Management, Financial Wellness

5 Reasons to Start an Emergency Fund

Posted by MoneyWisdom Newsletter on Apr 10, 2018 2:23:39 PM

A number of unexpected expenses could cause you unnecessary financial strain if you don’t have emergency savings. Here are five great reasons to start an emergency fund today.

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Topics: Savings, Money Management, Financial Wellness

Should You Co-Sign?

Posted by Hanscom Federal Credit Union on Dec 26, 2017 7:00:00 AM

It is a question that few want to hear: “Will you co-sign for me?” Typically coming from relatives or friends with no or low credit scores, it can be a difficult request to respond to. Most people do not want to ignore a family member or friend in need, but co-signing comes with risks that make many justifiably nervous to sign on the dotted line. So, should you do it? There are many factors

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Topics: Money Management, Debt, Financial Wellness

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

3 reasons why you live paycheck-to-paycheck

Posted by Hanscom Federal Credit Union on Sep 22, 2017 6:45:00 AM

Does saving money seem impossible? You’re not alone. Reportedly, more than half of Americans have less than $1,000 to their name. 

While it’s hard to imagine keeping extra cash when you live paycheck-to-paycheck, there is hope. If you take a big-picture view of your spending habits, you’ll be surprised at the savings opportunities you might find. 

Here are three reasons that may be preventing you from building a stronger financial future:

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Topics: Money Management, budget, Financial Wellness

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