It’s World Savings Day on 31 October, and it’s the perfect time to put a spotlight on our personal relationships with money.
If you’re an employer looking to educate your colleagues on money habits to leave behind, then our top tips can help you have those important financial conversations.
Steer your colleagues in the right direction so they can take control over their financial education and optimise their finances in 2025.
Here are some money habits to leave behind in 2025…
Sticking to the minimum share plan contributions
Why to leave it behind: Colleagues who are contributing the minimum required to get an employer match might may be saving money now, but it could cost them later down the line. Higher contributions, even slightly, can boost their retirement savings and quality of life. Why not provide financial education resources to help them explore other income streams and investments?
Avoiding workplace benefits
Why to leave it behind: Not taking full advantage of workplace benefits like health insurance, wellness programs, or professional development can result in missed savings. These benefits are often more cost-effective than their alternatives.
Skipping professional development
Why to leave it behind: If your colleagues are missing out on valuable training courses to save money or because of a busy schedule, this could be limiting their career growth. Encourage them to invest in their skills for potential higher earnings and better career prospects.
Ignoring commute costs
Why to leave it behind: If you offer flexible working, make sure your colleagues know about it and have explored their options. Overlooking the cost of commuting, whether it’s petrol, parking, or wear and tear on a vehicle, can stack up a hefty unwanted bill.
Cutting back on networking to save time
Why to leave it behind: Avoiding networking events or professional associations to save time or money can hinder career growth. Remind your colleagues that networking can open doors to new opportunities and even promotions within your organisation.
Using basic budgeting tools
Why to leave it behind: Relying solely on basic financial tools or budgeting apps could be impacting your colleagues’ ability to save well. If you have the capacity to offer your colleagues access to advanced budgeting tools or services, you’ll be helping them to manage their money better.
By rethinking these money habits, your employees can better align their financial strategies with their career growth and long-term financial health in 2025 and beyond.
Get in touch if you’d like our help to elevate your financial education communications. We’d love to chat!
