Financial Wellness Overview Presented by Kathleen Greer September 23, 2014.

Financial Wellness Overview

Presented by Kathleen GreerSeptember 23, 2014

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Session Goals

This session is designed to help you understand:

• What is the Employee Assistance Program (EAP)? • What is financial wellness?• What is the “Financial Fitness Quiz”?• What is the psychology of money?• What are your financial wellness resources within the

EAP?• How do I contact the EAP?

KGA, Inc. More Human. More Resources.

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What is Financial Wellness?

• A healthy understanding of your individual financial situation.• Self-awareness about how your underlying thoughts and feelings influence your

management of money.• Self-confidence around money that is fueled by your knowledge and self-awareness.

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Financial Fitness Quiz

• Personal Habits• Expenses • Savings • Retirement• Insurance• Estate Planning• Credit and Debt

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The Psychology of Money

• In what way does your upbringing influence your handling of money?– Savings, debt avoidance, openness to talk about money

• How do you make decisions when you are shopping?– Judgment, compartmentalization, rationalization, buying on

sale

• Impulsivity and emotions– Cash vs. credit, saving up before buying

• Spending Addiction– Gambling and lottery tickets, emotional shopping

KGA, Inc. More Human. More Resources.

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What is Your Money Story?

You can change one money behavior at a time. With self-awareness and confidence about money, you can develop a balanced approach to managing your money.

KGA, Inc. More Human. More Resources.

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Online Resources

• http://www.kgreer.com• HR and manager tool kit• Multiple self-searchable databases• Information sheets, articles,

and skill builders• Self assessments and calculators• Learning center• Monthly webinars

– Username: xxxx– Password: 9557

KGA, Inc. More Human. More Resources.

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How the EAP Can Help

• Stress/Counseling Support• Financial Consultation• Parenting Resources• Elder Care Resources• Legal Assistance• Career Assessment• Work Life Resources• Nutrition Consultation

CounselingConsultation Research Referrals

Access: • Phone • Live chat• Email• Face to face

KGA, Inc. More Human. More Resources.

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Top 10 Reasons Employees Call the EAP

19%

11%

8% 8%6% 7% 7%

4% 4% 4%

0%

5%

10%

15%

20%

25%

KGA, Inc. More Human. More Resources.

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EAP Overview

• Free, confidential resource available 24/7• Open to employees and household members 18 and

older• Accessible by phone, chat, online and occasionally

onsite at work– 800-648-9557; www.kgreer.com ; [email protected]

• Financial consultation– Credit counseling– Financial planning– Legal

KGA, Inc. More Human. More Resources.

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Contact us

• Telephone– Toll-free number: 800-648-9557– Counselors are available via phone, face to face or online

• Online– www.kgreer.com – Live chat available 8:30am-5:00pm EST

• Email– [email protected]

KGA, Inc. More Human. More Resources.

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Thank you!

KGA, Inc. More Human. More Resources.