Financial Wellness

Financial Wellness

In today's fast-paced world, people face financial concerns that impact their present and future. These can extend beyond just worrying about having enough saved for retirement to include paying down debt, planning for college, purchasing a home, or covering unexpected expenses.

The Consumer Financial Protection Bureau (CFPB) defines financial wellness as having both financial security and the freedom to make choices—both now and in the future. Specifically, having financial well-being is when you:

• Have control over your day-to-day, month-to-month finances.
• Have the capacity to absorb financial shock.
• Are on track to meet your financial goals.
• Have the financial freedom to make the choices that allow you to enjoy life.

Improving financial health can be extremely empowering, enhancing your sense of security and contributing to your overall well-being. IU offers a variety of educational resources and tools to help employees improve their financial well-being. Explore the links below to learn more. 

When it comes to personal finances, there’s a lot to consider. Whether you’re just starting out or nearing retirement, having a clear picture of where you are and where you hope to be can help bring that picture into focus.