Savings

When it comes to managing your finances, don’t overlook the valuable resources your employer offers through benefits packages. From healthcare to retirement plans, these benefits can play a significant role in your financial well-being. Here, we’ll explore four ways employer benefits can help you save money and secure your financial future. 1. Evaluate Your Health Care Needs Healthcare costs can be a significant financial burden, but your employer’s benefits package can help you mitigate these expenses. Start by evaluating your healthcare needs and consider whether your current health plan still…

The pandemic-era cushion of savings that many households built up is rapidly diminishing. According to an estimate from Goldman Sachs, Americans have already spent down about 35% of their extra savings accumulated during the pandemic as of mid-January. By the end of the year, the company predicts that roughly 65% of that money will be exhausted. In 2020 and early 2021, government pandemic stimulus and reduced spending on non-essential items such as dining out and travel, led to an accumulation of extra savings by households. According to Moody’s Analytics, households…