FINANCIAL HEALTH
AN EAP
OCCUPATIONAL
STRESS
PROGRAM
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1
OBJECTIVES
• Establish a Budget
• Set Financial Goals
• Take Action to Build a Financial Safety Net
• Learn to Manage Debt and Live Within Our
Means
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BUDGETING
• Controlling financial affairs requires a budget
• Think of a budget as a means to achieve
financial success
• A budget is the first and most important step
toward financial freedom
• A budget is a means to track ALL expenditures
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BUDGETING
• How do you spend your money?
• Is your spending a necessity or indulgence?
• Can you afford to continue the current spending
pattern?
• Reference Handout – Budget Worksheet
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BUDGETING
• Review the budget worksheet
• Identify essential items (necessities)
• List non-essential expenditures (habits –
indulgences)
• Reference Handout – Non – Essential
Expenditures
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SET FINANCIAL GOALS
• Identify and list (record) financial goals
• Categorize each financial goal as short term
(less than 1 year), medium-term (1 – 3 years),
or long term (5 years or longer)
• Educate yourself about money management.
Make educated decisions that will increase your
net worth. Take small, measurable steps to
achieve financial goals.
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SET FINANCIAL GOALS
• Evaluate your progress
• Review your progress daily, monthly, quarterly
or at other designated intervals
• Re-evaluate your approach and if necessary
adjust your strategies
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BUILD A FINANCIAL
SAFETY NET
• Enroll in long-term disability insurance through
your employer via payroll deduction
• Purchase life insurance
• Build an emergency fund to cover living
expenses for six months
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MANAGE DEBT AND LIVE
WITHIN YOUR MEANS
• Develop a positive attitude about budgeting
• Set simple, realistic financial goals
• Rethink the meaning money has in your life and
the way money is used
• If necessary seek professional guidance
regarding personal financial management
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MANAGE DEBT AND LIVE
WITHIN YOUR MEANS
• Pay yourself first
• Use automatic transfers
• Use payroll deduction
• Every cent counts…
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QUESTIONS - DISCUSSION
• Wrap-Up
• Evaluations
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RELATED LINKS
MU Office of Financial Success
http://pfp.missouri.edu/financial/index.html
Personal Finance
http://missourifamilies.org/features/financearticles
/budget.htm
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RELATED LINKS
Financial Tip of the Week
http://pfp.missouri.edu/financial/tipoftheweek/free
budgettools.pdf
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