We think about improving our physical wellbeing through things like eating well and exercising. But what about your financial wellbeing? Financial worries or concerns can affect your physical and mental health, impairing sleep and concentration. Four in ten workers say money worries have made them feel stressed over the last year, 25% of those say they have lost sleep over money worries and one in eight workers report that money worries have affected their ability to concentrate at work. So, it’s an issue the University takes seriously.
Financial Wellness Advice
Information sessions are delivered by local partners (Bank of Ireland, Ulster Bank, Advice NI, Kith & Kin), and can help to break down some of the barriers to financial wellbeing by providing you with the guidance and resources you need to make more informed decisions and help improve your financial wellbeing.
Topics such as managing your money, borrowing sensibly, buying your home, planning for your family’s future, and more will be covered. The sessions also highlight external organisations that can further enhance and support your financial wellbeing.
One to One Financial Health Clinics
The Wellbeing Team are engaged with local partners such as Bank of Ireland, Ulster Bank and Advice NI to assist staff with Financial Health Clinics. These clinics help staff view their finances to help plan for the future through short term, medium term and long term goals. This includes applying for mortgages, loans and savings. Information is also provided on how to manage debt. Workshops will also be provided to staff to give an overview of information.
Supporting Good Financial Wellbeing
Financial worries can negatively impact on our mental health and, in times of uncertainty, this stress can escalate. Business in the Community have developed a factsheet that outlines steps that support good financial wellbeing for individuals and provides signposts of where to seek financial and wellbeing support and advice, during and beyond the Covid-19 crisis.