Articles Posted in financial wellness

by

Better Finances Reduces Anxietydollar-sign-stones-240x300

 

Depression is a financial term, but it also is a condition brought on by personal finances. The amount of debt a person has can affect their mental well-being. Financial wellness in jeopardy makes a person feel less than enthusiastic about almost everything. We live in a society that appears bent over from debt. It doesn’t matter how old you are; finances can cause problems. Millennials worry continuously about their college debt while older employees face medical bills that are starting to climb. One trouble is being able to budget; there are those who cannot do it at all. These people need help, and Countrywide Pre-Paid Legal Services is there to provide support. Our financial wellness plan helps employees of all ages.

Offering the Best Counsel

This benefit features the advice of experts. Countrywide has a nationwide network of certified counselors. These people deal with all kinds of personal debt and how to lighten the load. A budget analysis is the beginning of all the services. Countrywide counselors will take a close look at the income and expenses of the plan member. This investigation uncovers where there are problems in the cash flow. The analysis also pinpoints where the greatest expenses are and how much out-of-control they are. The discovered data permits the counselor to begin the process of re-instituting financial wellness. Continue reading

by

They Have Unique Problemsstockfresh_2776410_senior-adult-couple-going-over-papers-in-their-home-with-agent_sizeS-300x200

 

Senior employees are essential to the financial health of any organization. It is not simply their experience that makes them valuable. These staff members are ordinarily decision-makers, and the organization relies on them for getting things done. Their jobs require concentration without distraction. A primary distraction is their financial wellness. Worries about money and bills can cause a senior employee to think less about the job and more about the bank accounts.

New Expenses to Deal With

The troubles can be coming from several places all at once. A middle-aged employee may have children in college and is trying to help them. Taking out certain loans have obligations that the parent should follow through with, or else risk consequences. Older employees use medical coverage more often. It means that the deductible must be satisfied and it gets to be a problem. Out-of-pocket payments for various surgical treatments and therapy can cost thousands of dollars each year. This is all in addition to credit card debt that may be mounting. Continue reading

by

It Can Lead to Hurt Feelings

stockfresh_3266726_benefits-concept_sizeS_39f284-300x200

 

 

Employees appreciate health insurance. They are grateful when their employer provides coverage to handle medical costs. Nevertheless, there is the deductible to worry about. Modern deductibles are as high as $5000 or more. These impact on financial wellness. It can be difficult to pay a deductible when you are already cash-strapped. Some people will borrow the money to pay the deductible. They will ask family and friends to help. This gets old quickly.

Parents are willing to offer assistance, but they have their own problems, and the same is true for friends. A person ends up owing money to those closest to him or her, creating bad feelings which can last for years. It is better to be able to budget sensibly. There are employees you don’t know much about budgeting and could use some advice. Countrywide Pre-Paid Legal Services is here to help out.
Continue reading

by

Our Service Comes in Many Fashionsdebt-relief-pill-300x255

Financial wellness has become more than just a topic of discussion. Employees are increasingly more concerned about their personal budgets and want management to help. Financial wellness programs are benefits that can resolve problems. However, the success of any plan depends on the tools used. The wrong procedures will result in no real changes.

Countrywide Pre-Paid Legal Services has worked with organizations for 30 years to develop sensible benefits for employees. Our financial wellness program has a number of benefits such as help with medical costs or dealing with college loan debt. These have good intentions, but success rests on how we provide service to the plan members. Here is how we do it. Continue reading

by

Countrywide Offers Home Buying Advice

stockfresh_2142927_family-holding-a-sold-sign-outside-their-home_sizeS_62ad93-300x200

 

 

Apartment living has its setbacks. The neighbors can be very noisy, and the landlord can be unpredictable. The rent is not always stable and can go up without warning. These are some reasons why people want to buy a house and live there. It is not out of the question even though prices seem a bit high. A good financial wellness program is going to help somebody find a house and make it home.

An obstacle for many home seekers is a glut of information on the market, most of which is useless. Folks get confused by various offers and financing programs. Incidentally, not all those programs are on the level; some have serious flaws. Countrywide Pre-Paid Legal Services can appreciate the frustration. We have a house education program within our financial wellness plan. It seeks to help people make the right decisions about the financing of a home. We have certified counselors nationwide who are there to provide service. Continue reading

by

It is a Lifesaver for Many

stockfresh_4734675_debt-concept_sizeS-300x192

Financial anxiety affects many people. Millennials are worried about their bills, and the same applies to baby boomers. One problem which causes a great deal of stress is the spending habits of a person. People use plastic quite a bit, and the credit cards generate large debt sums. It happens a person owes more than the income he or she makes. Auto repairs or unexpected medical bills can drive credit card balances sky high. These, in addition to mortgages and student loan obligations, can adversely affect financial wellness.

Countrywide Pre-Paid Legal Services has helped many people get out of the financial crisis through our financial wellness program. We understand that some people have situations that have gone out of control and need special help. Our debt management plan means to do that. Continue reading

by

Plastic Cards Do Not Need to Rule Your Life

stockfresh_1211123_upset-woman-glaring-at-her-many-credit-cards_sizeS-300x200

Folks often live by credit, and that plastic will destroy financial wellness. The tragedy happens when people forget the small print credit card companies are so famous for writing. Within the agreement for a credit card are stipulations for penalties and interest rates. They can be very sobering.

Make no mistake about it; financial institutions make a lot of money from credit card interest. Double-digit interest charges are standard, and this is at a time when the prime rate is incredibly low. The loss of financial wellness may not be due to the purchase but of the interest charged on the credit balance. People look for ways to get out from underneath the load but don’t always understand what to do. Continue reading

by

It is a Valued Part of Financial Planninglastwilltestament-300x200

Smart financial planning considers an end game. It is what will happen if you die unexpectedly. It is not something many employees care to think about it but it should be on the table. What is going to happen to your family if you die and leave no will? Concern for loved ones is a primary reason why drafting a will a basic part of any group legal plan.

The document does not have to be the size of the telephone book. Most people can legally describe their wishes in six pages or less. Countrywide Pre-Paid Legal Services offers the writing of a simple will as one of our benefit options which can be in a legal plan document. Continue reading

by

The Legal Paperwork is Critical

stockfresh_6387113_gavel-and-stethoscope-on-table_sizeS-300x200

 

Hospital surgery is not something to be terrified about. Advances in technology, anesthesia, and necessary medical procedures make a trip to the hospital much safer than many years ago. However, there is still the chance something could go wrong. Failure to prepare can make it even worse.

The hospital is committed to keeping a person alive unless instructed to do otherwise. It means that life support systems maintain individual. It may not be what the patient wants, but if there is no authorization the life support continues indefinitely.

A reaction to anesthesia or a certain procedure could result in an individual becoming comatose That’s a dangerous situation if there are no instructions on what to do. A group legal plan that allows for medical powers of attorney is essential. Continue reading

by

College Debt Must Be Managed

stockfresh_3576539_stressed-female-graduate-holding-stacks-of-hundred-dollar-bills_sizeS-200x300

 

There usually is a graduation speaker who urges students to take some time off and go exploring. It may sound inviting, but it is not a good idea. Many students have the six-month grace period before the student loan payment bill comes in. That is when reality hits like a slap in the face. That space of time goes by fast, and the new graduate must be ready for a significant cost. It can impact the financial wellness of anyone.

The size of the monthly payment can be substantial. That is very understandable because many students have debt burdens in the high five to even six-figure categories. It can be comparable to a mortgage payment for some. Many young people have their budgets blown off the road trying to make the payments needed. A forbearance is an option, but it is a risky one. Sooner or later those bills have to be paid, and a student may be paying them for decades. There may be some options they are not aware exist. Countrywide Pre-Paid Legal Services recognizes the confusion a young graduate may have. Our financial wellness program includes assistance handling the repayment of student loans. Continue reading