PYMNTS’ Post

Thinking your employees just have to be better with their money isn't the answer anymore. With today’s economy, rising costs and uncertainty make traditional methods like working harder and saving more insufficient to support your employees’ financial well-being. Would you want your employees facing financial hardships that lead to early 401(k) withdrawals, high-interest debt, or predatory lenders? Most Americans are living paycheck to paycheck, as this article reveals: (https://lnkd.in/eTZaVswn) We offer a solution—at no cost to you. Where can you find a benefit that helps your employees and your organization all at the same time. All we need is 15 minutes. #payactiv, #EWA, #ondemandpay, #employeebenefit

Do you find yourself spending each paycheque just to cover bills, leaving nothing for savings or extras? When even monthly expenses become a struggle and credit cards are the only lifeline, frustration sets in. The good news? You're not alone, and there's a way out. Discover tips to break free from this cycle and regain control: https://bit.ly/4d0J5XL

Can I afford this?" It's a question we often ask ourselves. But what does affordability really mean?** Many people mistakenly define affordability in terms of their salary, leading them to a life burdened by debt and financial stress. True affordability isn’t about whether your salary can cover a purchase—it's about whether you can comfortably pay for it after taking care of your essential financial responsibilities. Affordability means being able to cover the cost of a product or EMI with the cash that’s left after you've already paid for the most important things: savings, SIPs, recurring deposits, medical premiums, contributions to your emergency fund, living expenses (like rent, other EMIs, groceries, dining out), and utility bills. Before making any financial commitments, ensure you’re not compromising your financial freedom for short-term satisfaction.

Do you find yourself spending each paycheque just to cover bills, leaving nothing for savings or extras? When even monthly expenses become a struggle and credit cards are the only lifeline, frustration sets in. The good news? You're not alone, and there's a way out. Discover tips to break free from this cycle and regain control: https://bit.ly/3TieUUp

Need to downsize your spending after a pay cut? Jeff Mandel, CEO of Credit & Debt, recently spoke with GOBankingRates about important strategies that can help during challenging financial times. Discover more in the article below! 

A leap year, adding an extra day in February, subtly influences personal and business finances. 💫 It can lead to more earnings for hourly workers, slightly higher labor costs for businesses, an additional day of interest for banks, minor changes in investment returns, and a slight increase in daily operational expenses. While the impact on annual subscriptions, rent, and utility bills is usually minimal, it's a noteworthy factor in financial planning. #LeapYear #Finances #SFG #SnowFinancialGroup #CovingtonFinancialAdvisor #WealthManagement #FinancialPlanning

With demand deposit accounts, cash withdrawal is a breeze. From Instant Access to term deposits, to the thrilling world of investment accounts 🤝 When it comes to banking, knowing your options is key. Discover more insights here: https://lnkd.in/dNCjJGBi  #digitalpayments #epaymentsystems #paymentsolutions #realtimepayments

✨ **This or That?** ✨ 💸 Wait and see what’s left at the end of the month OR Automate your savings and pay yourself FIRST Great news! Saving for your goals doesn’t have to be stressful. Set it and forget it by automating your savings straight from your payroll or bank account! It’s the easiest way to make sure you’re always putting yourself first and stacking those coins. Which one are you doing? Comment below! ⬇️ #PayYourselfFirst #AutomatedSavings #FinancialGoals #2nstorywealth

High Income Earners may struggle with their finances like everyone else. Here’s 5 things to avoid financial woes when earning a high salary: ➡️Lifestyle creep. Obvious one I know. And easier said than done. Focus on yourself and what matters to you. Not what society wants from you ➡️The emergency fund. Think about stashing cash away for a rainy day. Unexpected expenses, loss of work, family in need of help. ➡️Credit Cards. They can be a great tool. But don’t abuse them ➡️Neglecting taxes Consider tax advantaged accounts and don’t neglect tax credits where you can. ➡️Neglecting employer benefits. Do your best to utilize your workplace benefits. Study them. Understand them. Use them. What would you add?

Surviving on £109.4 per week? Let's Talk Financial Security! 💼 That's your statutory entitlement, up to 28 weeks, if poor health keeps you away from work for longer than 3 days. Great employers will offer to pay your full salary between 3 to 24 months. (Ask your employer?) When this lifeline ends you will need to dip into your savings to cover mortgages, bills, groceries, and everyday expenses. Depleting savings can leave you in a vulnerable spot. Want to secure your income, reach out and Ill make it happen! If you're an employer and want to provide employer benefits for your staff, pencil in for a coffee and I'll explain how not only can you incentivise your staff but also reduce your tax bill. #FinancialSecurity #HealthInsurance #EmployeeBenefits