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PRESCRIPTION FOR FINANCIAL WELLNESS: Developing financial skills applicable for all stages of lifePRESCRIPTION FOR FINANCIAL WELLNESS: FINANCIAL LITERACY PROGRAM Term 3OrientationTerm 1Prior to GraduationTerm 6 2PRESCRIPTION
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Financial wellness programs are initiatives designed to help individuals improve their financial health by providing education, resources, and support in various areas of personal finance such as budgeting, saving, investing, and debt management.
Employers or financial institutions may be required to offer financial wellness programs to their employees or customers.
Financial wellness programs can be filled out by providing information on current financial status, goals, challenges, and desired outcomes. Individuals can then work with a financial advisor or utilize resources provided by the program to develop a plan for financial improvement.
The purpose of financial wellness programs is to help individuals better understand and manage their finances, ultimately leading to improved financial well-being and stability.
Information reported on financial wellness programs may include income, expenses, debt levels, savings accounts, retirement accounts, investments, and financial goals.
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