Learn how your brain and your money can work together to help you achieve financial success and stability.
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Olivia sits down with an Accredited Financial Counselor® candidate to further discuss what financial wellbeing is and is not, reviewing observations of the financial wellbeing class hosted at Redstone Arsenal’s Wellness Summit. If you haven’t already, take the financial wellbeing assessment then listen to episodes 17 and 18.
Olivia continues to dissect the CFPB research on financial wellbeing, focusing on the sited opportunities to advance financial wellbeing. This includes increasing confidence and a multitude of actions that are not income-driven but BEHAVIORALLY driven. Listen to part one in Episode 17 first! To discover your score, and where you can target improvement, take the CFPB financial wellbeing assessment below. If you are a military member, remember to take you financial milestone/touchpoint Common Military Training as an additional opportunity to advance financial wellbeing. Click on the appropriate branch link below. The DoD Financial Readiness Program has also created a military-specific financial wellbeing assessment just for you at https://finred.usalearning.gov/FWBA/DigitalToolCFPB Financial Wellbeing Assessment: https://www.consumerfinance.gov/consumer-tools/financial-well-being/Common Military Training: ARMY https://www.financialfrontline.org/soldiers/Common Military Training: Air Force https://myvector.us.af.mil/myvector/PublicHome/NoticeAndConsentCommon Military Training: Navy https://learning.nel.navy.mil/ELIAASv2p/
Olivia dives into the exciting CFPB research on Financial Wellbeing, defined as “a state of being wherein a person can fully meet current and ongoing financial obligations, can feel secure in their financial future and is able to make choices that allow them to enjoy life.” Key findings are processed, including the variables that impacted financial wellbeing scores most. Hint, hint, it’s not your income!!! To discover your score, and where you can target improvement, take the financial wellbeing assessment below.CFPB Financial Wellbeing Assessment: https://www.consumerfinance.gov/consumer-tools/financial-well-being/Wellness Summit registration link: https://forms.osi.apps.mil/r/D9M5JEbscB
Recapping August’s P$yFi class, Olivia highlights the larger discussion points on the multitude of steps in the home-buying process. Home-buying is a daunting one, so take it seriously. Learn as much as you can before you commit to purchasing a home!Wellness Summit registration link: https://forms.osi.apps.mil/r/D9M5JEbscBJoin us for the next P$yFi class on 7 SEP 2023 at 11CST, Cover Your 6: Six Things to Know about Credit, Debt, Consolidation, and Settlement https://dod.teams.microsoft.us/l/meetup-join/19%3adod%3ae91c32128d4b4b2b956ad5b46b317d88%40thread.tacv2/1678486849409?context=%7b%22Tid%22%3a%22fae6d70f-954b-4811-92b6-0530d6f84c43%22%2c%22Oid%22%3a%22a98f9218-6f1d-45b5-bb2a-6fc43e9a3099%22%7d