Achieve Financial Wellness with Enbright!
What is Financial Wellness to you?
Simply put, “Financial Wellness” is defined as Effectively and efficiently managing personal finances to achieve a more stable, healthy, and successful life. Health and wellness programs have grown in popularity as people embrace the idea of a better quality of life. The same can be said about financial wellness.
Many are recognizing that an individual’s financial wellness can positively or negatively affect their mental and/or physical health.
Just Give Me The Tools!
Enbright Credit Union’s financial wealth management partner can supply you with the right tools you need to lower your financial stress and build confidence in your financial wellness journey.
With the Atlas Tool, you have your own personalized financial monitoring website. Effortlessly access and manage all of your information in one place so you can stay organized and have insight into your goals and decisions, in real-time.
Guide Me!
Did you know? Just 22% of people give themselves high scores when it comes to financial wellness. If you’re struggling with financial wellness, you’re not alone! Our financial wealth management partner will be there every step of the way.
From everyday finance management to checking off your bucket list, we’re ready to help get you where you want to be!
FINANCIAL AWARENESS
BUDGET OPTIMIZATION
FINANCIAL HEALTH
FINANCIAL GUIDANCE
Financial Awareness:
How To Get Started:
Learn how to develop the financial principles and practices that can build a solid financial future from now through retirement. By focusing on your financial awareness, you can implement sound investment practices and put your money to work for you.
Developing Financial Literacy
According to the Literacy Information and Communication System (LINCS), financial literacy..’ means having the confidence, knowledge, and skills needed to make financial decisions that promote financial self-sufficiency, stability, and well-being.
1. Be Aware of How You Spend Money
It’s important to be aware of where your hard-earned money is going! Be aware of your spending habits such as buying morning coffee, dining out, or entertainment. Make sure that your spending habits are in line with your budget. Small changes like making coffee at home or more home cooking, can make a big impact on your financial health.
2. Create and maintain a monthly budget
Creating a budget starts by analyzing your income, expenses and savings.
By analyzing where your money is going, you can ensure you are living within your means. Additionally, you can adjust your budget as emergencies or other factors that impact your budget occur.
3. Create an emergency fund
Accidents happen of all kinds – from auto to medical and more, it’s important to be financially prepared.
By having an Enbright Special Savings Account, you can set aside funds for when you need them the most.
4. Check your Credit Report and Use it Wisely
One aspect of being financially aware is knowing your current credit score. For benchmarking purposes, it’s important to know your current credit score, so you can monitor your progress.
A Credit Report will also show you any incorrect or derogatory information that may impact to your credit score. Your credit score is another critical part of your financial well-being. Things like late payments, too much debt, or high balances negatively affect your credit score.
Using your Credit wisely is also important. It’s important to pay the balance each month with a goal of not carrying any credit card debt.
5. Maintain Financial Records
Whether it’s keeping a hard copy or a digital one, it’s important to develop and maintain a system for recording financial records. Important financial information such as banking and tax records should be readily accessible.
One resource available for building financial literacy is your very own credit union!
Enbright Credit Union’s blog frequently posts short financial literacy lessons and infographics to help support and educate its memberships.
Want a more personalized in-depth financial awareness education?
Members can contact our financial wealth management partner, and fully utilize their personalized financial website tool to get started.
Benefits of Budgeting
Although budgeting can feel like a tedious chore, taking the time to create and maintain a personal budget is a critical step to successfully managing your financial wellness journey.
- Better control over your money
- Keeps you focused on money goals
- Makes you money-conscious so you can better organize your spending and savings.
- Enables you to save and prepare for the unexpected.
- Helps determine your debt to income ratio.
Free Budgeting Tools To Get You On Track!
- Best free spreadsheet for anyone: Google Sheets
- Best overall free smartphone app: Mint
- Best free smartphone app for beginners: Goodbudget
- Best free smartphone app for investors: Personal Capital
- Best free desktop software for small business owners: GnuCash
Gravier, E. (2021, April 6). Here are the best free budgeting tools of 2021. CNBC. https://www.cnbc.com/select/best-free-budgeting-tools/
Budget Optimization:
How To Get Started:
Creating a budget is a great way to track spending and get your finances in order. While the tasks may seem overwhelming and tedious at first, creating a budget can be done in 5 easy steps.
Whether you’re using money management software or an Excel spreadsheet, making a budget has 5 basic steps.
- Calculate your net income
- List monthly expenses
- Label fixed and variable expenses
- Determine average monthly costs for each expense
- Make adjustments
Financial Health:
How To Get Started:
Need Some Financial Guidance?
How To Get Started:
If you’re struggling with financial wellness, you’re not alone! Enbright Credit Union’s Financial Wealth management Partner will be there every step of the way.
CFP® | Owner/Financial Planner at Atlantis Wealth
Christy Robinson is the founder of Atlantis Wealth where she has created a fun and interactive process that helps clients bridge the gap from where they are to where they want to be. Christy’s philosophy is helping her clients pursue Wealth -Life Balance, which is about living richly today by having a solid plan to pursue those short-term goals that bring fulfillment, but also with a focus on long-term wealth creation.
Enbright Credit Union introduces our Financial Wealth Management Partner, Christy Robinson
YOU DESERVE TO WORK WITH AN ADVISOR THAT BELIEVES IN…
TRUST
There is trust at the foundation of any successful relationship. With this in mind, as we walk through this journey with you, we are committed to earning your trust through open, direct and constant communication.
TRANSPARENCY
Throughout our relationship, we take the time to fully discuss all of your options and strategies available based on your needs. We want you to understand how you’re invested and why, by having you take an active and informed role in creating your financial plan.
SIMPLICITY
We are committed to providing a client-centered experience based on education. Financial planning shouldn’t be complicated. We will teach you about the financial market with our simplistic approach and you can feel confident in your ability to make wise decisions that will benefit you and those you love
YOUR PERSONAL FINANCIAL WEBSITE
Your Financial Life, All In One Place
Our unique approach to planning combines your vision, goals, and values with our sophisticated technology that illustrates your results to show you how every decision you make impacts your financial journey.
We help you effortlessly access and manage all of your information in one place so you can stay organized and have insight into your goals and decisions, in real-time.
With The Atlas, you are able to access your financial life all in one place so you can stay organized and clutter-free. You’re also able to instantly visualize the impact of your decisions or your financial plan using the interactive decision center. This process will help you feel confident in your decision-making.