Building good money habits

Equip your colleagues with the tools to make the best financial decisions. Here are some habits they can start today.

We recently shared an article about how to have the financial education conversation, with our tips for engaging your colleagues and taking them on a journey to better financial wellbeing. Now let’s look at the practical steps to building good money habits, improving their financial awareness and decision-making.

While your internal communications may not be designed to offer financial advice, they can support and encourage your colleagues to improve their financial resilience, mental health and overall wellbeing. Financial awareness can also support your colleagues who are part of your employee share plan or may be considering joining.

Being financially literate

Financial literacy equips us with the tools and knowledge to navigate our relationship with money. It helps us to understand financial risks and empowers us to make effective decisions. Long-term, it can improve our quality of life, financial security and offer generational benefits. Workplace financial literacy is a big trend this year, so actively support your colleagues’ learning with resources on investing, budgeting, share plans, retirement planning and debt management.

Having realistic goals

Setting realistic financial goals can remind us of our priorities and motivate us to achieve the things that are important to us. If you have colleagues who need support in setting short-term or long-term goals, set up a workshop or 121 sessions to get people thinking about what steps they’ll take to achieve them. Whether that’s paying off outstanding debts or saving towards their pension, this approach should give them direction and focus to build good money habits. Our latest Talk Money Week campaign highlights the power or communication and why we should all be talking more about money.

Retirement planning

Do your colleagues understand their pension? Providing regular education around pensions and financial planning can help them to make the best decisions to safeguard their retirement fund. Relying on pension providers isn’t always the best option – communications are often long, overwhelming and full of jargon. The best approach is to communicate little and often, tapping into your audience’s needs and specific life stages. Check out our jargon buster for the dos and don’ts of pension communications.

Remember that building good money habits is a continuous process. Encourage your colleagues to be intentional about their financial awareness and ensure you are supporting them on that journey.


Learn more about our financial wellbeing expertise and get in touch for help with your employee communications.

phone Call us on 020 7420 1984 or send us a message

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    email

    Get unmissable insights

    close

    Everything you need to know about communicating share plans and rewards, delivered straight to your inbox! Sign up to never miss out on the latest industry news and insights. Delivered monthly, unsubscribe at any time.