Financial Wellness

Our Financial Wellness refers to the overall health and stability of an individual's financial situation. It encompasses various aspects such as budgeting, saving, investing, managing debt, and planning for the future. Achieving financial wellness involves having a clear understanding of one's financial goals, making informed financial decisions, and having the resources and strategies in place to support those goals. Key components of financial wellness may include:

Saving and Investing

Regularly setting aside money for emergencies, short-term goals, and long-term objectives such as retirement.

Debt Management

Strategically managing and paying off debts, such as credit card debt, student loans, or mortgages, to minimize interest costs and improve financial stability.

Budgeting

Creating and sticking to a budget that accounts for income, expenses, and savings goals.

Financial Literacy

Having a basic understanding of financial concepts, such as interest rates, inflation, investment strategies, and financial products.

Financial Planning

Setting specific, achievable financial goals and creating a plan to reach them, which may include retirement planning, education savings, or major purchases.

Risk Management

Protecting against financial risks through insurance coverage, such as health insurance, life insurance, and property insurance.

Financial Awareness

Being aware of one's financial situation, including income, expenses, assets, and liabilities, and regularly reviewing and adjusting financial plans as needed.

Overall, CBG’s financial wellness is about making employees feel confident and in control of their financial life, having the ability to handle financial challenges that may arise, and working towards long-term financial security and success.