Budgeting & Relationships
A spending plan is most effective when everyone involved understands and is committed to its success. Regardless of whether you are single, married or sharing a home with others, it is critical that you consider the effect that relationships will have on your spending plan, and vice versa.
Be Honest It is essential that each person in a significant relationship disclose their financial situation before deciding to combine their lives and finances. Although it can be embarrassing to reveal financial mistakes or challenges, it is much better to do so before planning a wedding or partnership. Once the facts are on the table, a couple can work together to resolve financial difficulties and focus on their common goals.
Consider Your Style & Goals Money problems are often cited as the number one cause of divorce in America. Some of the most common challenges include credit card debt, student loans, bad credit and poor saving habits. Possibly a greater concern is a significant difference in personal money styles. For example, one person may be a saver, while the other is a spender. Remember that a spending plan is not about trying to hold your own personal ground; it’s about accomplishing common life goals together. Some of the most common goals that inspire people to create and live within a spending plan are: Eliminating debt Buying a home or investment property Saving for something special, such as a wedding or a vacation Having children or putting children through college Achieving financial independence- Retiring by a certain age with a generous income
Celebrate Culture, Flavor & Connection!
Looking for a fun way to bring your team together this spring? We’re encouraging employees to consider hosting a local Cinco de Mayo–themed potluck between May 2–9! Whether you whip up a favorite dish or simply stop by to enjoy good food and company, it’s a great opportunity to celebrate culture and connection in a relaxed, festive way. If you’re joining in, don’t forget to share your photos and recipes using this link! We’d love to see your team’s spread—and you might be featured in next month’s Thrive Wellness Newsletter.
Continued>>
Budgeting & Relationships
April is Financial Literacy Month, making it the perfect time to take charge of your financial health. The Master of Wellness Challenge will help you build smarter financial habits—complete 3 out of 4 activities and be entered into a raffle to win! Schedule a call with a financial advisor through Fidelity or EAP services Review & reduce unnecessary expenses – cut out subscriptions or costs you don’t use. Use this sheet to get started. Attend one Fidelity webinar to improve your financial knowledge Read a book or article OR explore a financial podcast or LinkedIn Learning course on personal finance management Challenge yourself to make informed financial decisions— get started today! Ask for Help Conversations about money can be perceived as confrontational, even when they are not meant to be. It is not unusual to become defensive, so Master of Wellness Challenge – Strengthen Your Financial Well-Being! try to listen and understand each other’s perspective with empathy. If money related challenges begin to negatively affect your personal relationships or self-esteem, consider working with a behavioral health specialist, who may be able to help you and your partner work through the emotional process of navigating family finances.
Rally is Evolving – Redeem Your Incentives Before the Deadline! Rally is transitioning! On May 1st, Rally will officially transition to Rally Engage, bringing new features and increased rewards. Be sure to redeem any earned incentives by April 30th, as they won’t transfer to the new platform. Together or Separate? Couples who combine their finances and work from a consolidated spending plan usually end up having more success sustaining their plan and reaching their goals. Although couples can successfully manage their finances separately, it is generally the exception and not the rule. Set Aside Time Set aside time to create or discuss your spending plan as a couple, schedule a time when you are relaxed but not tired -- a time without interruptions or distractions. Several weeks before the meeting, decide what preparations will need to be made, and who will make them. For couples, it is common for one person to handle the finances, while the other manages other aspects of their life together. Regardless of who pays the bills, each person must be fully informed and aware of the household finances.
Don’t lose out—log in today and claim your rewards before time runs out!
Continued>>
Did you know that if you're enrolled in Unum’s voluntary benefits —like Accident, Critical Illness, or Hospital Indemnity insurance—you may be eligible for a $75 wellness credit? Simply complete a qualifying preventive screening and submit your claim to take advantage of this benefit. Unlock Your $75 Wellness Credit with Unum! Budgeting & Relationships
Plan to set aside time for brief, regular meetings to discuss your spending plan, address unexpected challenges and work toward your common goals. Consider All Parties If you have children or other family members who will be affected by your spending plan, include them in the discussion at a level that is appropriate to their age or situation. You may even want to include extended family in your plan at some level. It can be a strain on you if people outside of your household put pressure on you to keep up with them financially; this might include more frequent dinners out than you can afford, expensive holiday gift-giving traditions or other unrealistic expectations. Establishing healthy, regular communication with your spouse, significant other, family and close friends can make the difference between your spending plan succeeding or failing.
Want to dive deeper? Click here to learn more!
Make every effort to remove emotions from your spending plan or money discussions. Once you establish a productive routine, you stand a greater chance of managing your spending and making progress toward your life or family goals. Fidelity is Here to Help Looking to take control of your financial future? PulteGroup employees have access to Fidelity’s financial wellness resources, offering expert support on budgeting, investing, and retirement planning. Explore Fidelity’s resources today and take the next step!
April Wellness Trivia!
Budgeting & Relationships
Put your well-being knowledge to the test and compete against your coworkers for the chance to win a $25 gift card! Don’t miss out on the fun and the opportunity to win!
Questions
What is the name of PulteGroup’s new Lifestyle Spending Account (LSA) program? 1. How much of eligible expenses does the Thrive for Life LSA reimburse? 2. What are some examples of eligible expenses under the Thrive for Life LSA? 3. What is the deadline to redeem incentives before the original Rally platform shuts down? 4. 5.Who can participate in the Thrive for Life LSA program?
Submit your answers using the provided form by April 25th at 1pm EST to be entered into the raffle for a chance to win a $25 gift card! Brandyn Baker, PulteGroup’s Health Promotion Specialist, will email all participants with this month’s trivia answers and announce the lucky winner shortly after the close of the contest. Best of luck to all participants!
Page 1 Page 2 Page 3 Page 4Made with FlippingBook interactive PDF creator