Financial Finesse in the News

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Paying for College: Election Edition

Aug 12, 2015

The Editorial Board recently pointed out that the Democratic presidential candidates Hillary Clinton and Bernie Sanders have announced plans to make college more affordable, while the only rumbling from the Republican camp so far is Senator Marco Rubio’s support for linking loan repayments to borrowers’ incomes…


Voices: Linda Robertson, on Helping Women Overcome Financial Stress

Aug 11, 2015

In 2009, a report published by our firm showed that a third of those polled were feeling overwhelming financial stress. In the following years, those numbers began to taper. But recently, despite the economic recovery, they’ve begun to rise again.

One demographic that has expressed particular stress when it comes to finances is women, age 30 to 55 with minor children, and make less than $60,000 annually. More than half of those women said they felt overwhelmed financially–40% more than similarly aged male parents in the same income group…


3 Things Every Successful Financial Plan Should Have

Jul 25, 2015

Americans know they should be saving early and often for retirement, but their intentions aren’t necessarily translating into bottom-line results.

Last year, Financial Finesse released a study that examined the overall state of Americans’ retirement preparedness. The primary finding was that very few people describe themselves as being “on track” to reach their retirement goals. Although the percentage of respondents who described themselves as on track rose to 19.7% in 2013 from 16.6% in 2011, this still means 80% of respondents are, in some way, coming up short. That’s a terrifyingly large figure!


A Plan Sponsor Implements A Financial Wellness Program

Jul 24, 2015

Richter tells PLANSPONSOR, the financial wellness program started with a survey that asked employees to rate how concerned they were with certain areas of finance. Liz Davidson, chief executive and founder of Financial Finesse, explains that the company’s model starts in the Financial Finesse online wellness center; employees can get a personal assessment about their financial priorities and vulnerabilities and on what they need to focus. From that, Financial Finesse can provide employers with a rollup of all employees that participated and identify key issues based on age and income level…


GAO gathers experts to discuss financial wellness

Jul 13, 2015

A forum on financial literacy, convened by the Government Accountability Office last spring, underscored the necessity of improved financial wellness programs and the central role employers need to play in helping advance the country’s financial future.

Twenty experts from government, the private sector, and academia, including Assistant Labor Secretary Phyllis Borzi and Financial Finesse CEO and Founder, Liz Davidson, explored the importance of employers’ role in promoting financial literacy, existing efforts to do so, outreach to low- and middle-income earners, and the government’s role facilitating improvement…


How to Make a Budget: Step-By-Step Instructions

Jun 29, 2015

Budgeting isn’t fun. There’s no way around it. But budgeting is something that we do need to undertake in order to gain financial awareness and, ultimately, control both spending and saving. The process of making a budget can be as simple or as complex as you want it to be, but you’ll want to record overall monthly inflows – take-home pay as well as other income sources – and outflows – amounts spent – at a minimum…


Underfunding retirement adds to workers’ stress

Jun 26, 2015

More than half of lower and middle-income women who juggle work and motherhood say they carry high or overwhelming levels of financial stress, according to data from a provider of workplace financial wellness programs.

That’s significantly higher than stress levels across all demographics and earning levels, as 18 percent of all workers reported high levels of stress, and another 5 percent said they feel overwhelming stress…


Financial Stress Remains, Despite Improving Economy

Jun 26, 2015

While the economy has steadily improved over the past five years employees are still experiencing a great deal of financial stress.

A report on stress by Financial Finesse found that more than half of working moms between the ages of 30 and 55, who make less than $60,000 a year, experience high or overwhelming levels of financial stress…


Financial Stress Hits Moms the Hardest

Jun 26, 2015

As my daughter prepares to start fourth grade next year, my thoughts turn to how close middle school, high school and college really are. In just nine years, my kid will graduate from the 12th grade and be heading off to college in the fall (fingers crossed!). That’s not a lot of time to save up for what are now exorbitant tuitions. I have no idea how we’re going to swing it, and it quickly stresses me out…


5 Common Money Mistakes Many Women Make

Jun 26, 2015

With the possible exception of Warren Buffet, everyone goofs now and then when handling long-term finances. So there’s no need to beat yourself up if you’re not a financial wizard. Still, learning more about managing money can pay off in a big way — especially for women.

Numbers tell the story. On average women earn 77 percent of what men do in similar jobs, yet women live an average of five years longer. The result: a money crunch that can leave women vulnerable. “Income inequality continues to be challenging for many women…