Free Financial Wellness Program for the Workplace

Help Your Employees Stress Less About Money — At No Cost to Your Company

Financial stress doesn’t stay at home.

Employees may come to work worried about credit card debt, rising expenses, damaged credit, saving for emergencies, buying a home, wage garnishment, or simply making their paycheck last until the end of the month.

DebtWave’s Employee Financial Wellness Program gives your employees access to personalized financial guidance so they have somewhere to turn when money questions arise.

Financial Stress Can Become a Workplace Problem

An employee struggling financially may be thinking about much more than the task in front of them.

They could be wondering:

How am I going to make my credit card payments?
Why does my paycheck disappear so quickly?
How can I improve my credit?
Can I afford to buy a home?
Should I refinance my car?
How do I start investing?
What should I do about a wage garnishment?
How can I earn additional income?
How much should I have in emergency savings?
Where do I even start?

HR teams want to support their employees, but personal financial problems can be complicated — and HR shouldn't have to provide financial counseling.

DebtWave gives employees a place to go for financial questions and guidance.

One Financial Wellness Benefit. Help for Real-Life Money Problems.

Financial wellness isn't just about creating a budget.

Employees face different financial challenges depending on their income, debt, family situation, age and financial goals.

DebtWave's program is designed to help employees understand their options and identify practical next steps across a wide range of personal finance topics.

Credit Card Debt

Employees struggling with high-interest credit cards can receive help understanding their debt, evaluating repayment strategies and exploring available options.

DebtWave has provided nonprofit credit counseling and debt-management assistance for decades. Debt management plans may provide eligible consumers with benefits such as reduced interest rates, lower required payments and one structured payment covering participating credit cards, depending on creditor guidelines and the individual's circumstances.

Budgeting & Cash Flow

Help employees understand where their money is going and create a realistic spending plan based on their actual income and expenses.

Topics can include:

Creating a monthly budget
Reducing expenses
Managing irregular expenses
Prioritizing bills
Building an emergency fund
Finding opportunities to save

Credit & Credit Scores

Employees can get help understanding the factors that affect their credit and the steps they can take to build healthier credit habits.

Saving Money

Whether someone is trying to build their first emergency fund or save toward a larger goal, we can help them develop a practical savings strategy.

Investing & Retirement Questions

Employees who are ready to think beyond today's expenses can receive educational guidance about investing concepts, retirement planning and questions they should consider when making long-term financial decisions.

Home & Mortgage Questions

Employees considering buying, refinancing or managing the costs of homeownership can get help thinking through the financial implications and understanding their available options.

Auto Loans & Refinancing

A large vehicle payment can put significant pressure on a household budget. Employees can get help evaluating their auto loan, refinancing considerations and the impact different options may have on their overall finances.

Wage Garnishment & Financial Hardship

A wage garnishment can be stressful and confusing. Employees can receive guidance to better understand their financial situation, reorganize their budget and identify appropriate resources or next steps.

Increasing Income

Sometimes cutting expenses isn't enough.

Employees can also explore realistic ways to increase household income, including:

Part-time work
Side jobs
Freelance opportunities
Using existing skills to generate additional income
Evaluating whether a second job makes financial sense

The objective isn't simply to tell employees to spend less.

It's to help them make better financial decisions with the resources they have.

Why Offer Financial Wellness as an Employee Benefit?

Your organization already provides benefits designed to support employees' physical and emotional well-being.

Financial well-being deserves attention too.

By giving employees access to a dedicated financial wellness resource, your organization can provide meaningful support without asking managers or HR professionals to solve employees' personal financial problems.

Give Employees Somewhere to Turn

Instead of searching online and trying to determine which advice applies to them, employees can have a resource dedicated to helping them understand their options.

Support Employees at Different Income Levels

Financial stress isn't limited to employees with low incomes.

An employee earning $40,000 can have financial questions.

So can an employee earning $140,000.

Their questions may be different, but both can benefit from having someone help them think through their finances.

Provide a Benefit Employees Can Actually Use

Employees don't need to be in a financial crisis to use the program.

They can seek guidance when they're trying to:

Pay off debt
Create a budget
Improve their credit
Build savings
Purchase a vehicle
Buy or refinance a home
Start investing
Prepare for a major life expense
Increase their income
Work toward greater financial stability

Reduce the Burden on HR

When an employee approaches HR with a personal financial problem, your team can point them toward DebtWave.

HR doesn't need to analyze the employee's debt, recommend a budget or answer complicated personal-finance questions.

We can help with the financial conversation.

A Financial Wellness Benefit at No Cost to Your Organization

Adding another employee benefit often means adding another expense. This one doesn't.

DebtWave's Employee Financial Wellness Program is available to participating employers at no cost.

Your organization can provide employees with access to financial education and guidance without adding another line item to the benefits budget.

We can provide your HR team with information explaining the program and resources for introducing the benefit to employees.

How the Employee Financial Wellness Program Works

1. Your Company Joins

Talk with DebtWave about making the financial wellness program available to your workforce.

2. Introduce the Benefit to Employees

We help provide information your HR team can share so employees know financial guidance is available when they need it.

3. Employees Contact DebtWave

Employees reach out directly when they have a personal-finance question or financial challenge.

4. We Help Them Understand Their Options

Our team helps employees evaluate their situation, understand relevant financial concepts and identify practical next steps.

5. HR Stays Out of the Employee's Personal Finances

Employees work directly with DebtWave regarding their personal financial situation, allowing HR to provide a valuable resource without becoming the employee's financial counselor.

Financial Wellness Is Personal

Two employees working next to each other can have completely different financial lives. One may be trying to eliminate $30,000 of credit card debt. However, the other may be trying to save enough for a down payment. One may want to understand investing. However, the other may be dealing with a wage garnishment. And one may simply want to stop living paycheck to paycheck.

That's why financial wellness shouldn't be limited to a library of generic articles.

Employees need a place where they can ask questions about their actual financial situation.

DebtWave helps provide that human connection.

Give Your Employees Financial Guidance When They Need It

You don't know which employee is losing sleep over money.

But you can make sure they know where to turn for help.

Add DebtWave's Employee Financial Wellness Program to your employee benefits and give your workforce access to personal financial guidance — at no cost to your organization.

Financial Wellness Program

For Employers that are interested in our Financial Wellness Program

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What is an employee financial wellness program?

An employee financial wellness program is a workplace benefit designed to help employees improve their financial knowledge, address money-related challenges, and make more informed financial decisions. DebtWave's program provides employees with access to financial education and personalized guidance on topics such as budgeting, credit card debt, credit, saving, investing, major purchases, and other personal finance concerns.

How much does DebtWave's Employee Financial Wellness Program cost employers?

DebtWave's Employee Financial Wellness Program is offered at no cost to participating employers. This allows organizations to add a financial wellness resource to their employee benefits without increasing their benefits budget.

How can a financial wellness program help employees?

Financial wellness programs can give employees a trusted place to turn when they have questions or concerns about money. Employees may receive guidance with budgeting, managing debt, improving credit, building savings, understanding financial options, and developing strategies for reaching short- and long-term financial goals. A good program could help eliminate an employee's financial stress which may lead to improved attendance and performance.

Can an employee financial wellness program help reduce financial stress?

Financial education and personalized guidance can help employees better understand their financial situation and identify practical steps for addressing financial challenges. While no program can eliminate every source of financial stress, having access to knowledgeable guidance can help employees feel more informed and better prepared to make financial decisions.

What financial topics can employees get help with?

Employees can seek guidance on a wide variety of personal finance topics, including:

Budgeting and managing monthly expenses
Credit card debt and debt repayment
Credit reports and credit scores
Building emergency savings
Saving for financial goals
Investing and retirement concepts
Home buying and mortgage considerations
Auto loans and refinancing considerations
Financial hardship and wage garnishment
Increasing income through part-time work or other opportunities

When a question requires specialized legal, tax, investment, mortgage, or other professional advice, employees may be directed toward an appropriate resource.

Is DebtWave's financial wellness program only for employees who are in debt?

No. Financial wellness involves much more than debt. An employee may use the program because they want to create a better budget, build an emergency fund, improve their credit, save for a home, understand investing concepts, prepare for a major purchase, or simply become more confident managing their money.

Employees who are struggling with credit card debt can also receive information about debt repayment strategies and, when appropriate, DebtWave's nonprofit credit counseling services.

Is the financial information employees discuss with DebtWave shared with their employer?

Employees communicate directly with DebtWave about their personal financial situations. Employers do not need to become involved in an employee's individual financial counseling or financial decisions. DebtWave would likely share numbers of those that participate but not names.

Why should employers offer financial wellness as an employee benefit?

Money concerns can affect many areas of an employee's life. Offering a financial wellness benefit gives employees a resource they can turn to for personal financial questions without expecting HR managers or supervisors to become financial experts. Removing financial stress from an employee can lead to increased attendance and production.

It can also complement other employee benefits by helping employees better understand and manage their overall financial lives.

Is the program useful for employees at different income levels?

Yes. Financial questions aren't limited to a particular salary range. One employee may be struggling with credit card debt while another is trying to purchase a home, build savings, understand investing, or prepare for retirement.

The goal of the program is to meet employees where they are financially rather than assume every employee has the same needs.

Does HR need to provide financial advice to employees?

No. One of the advantages of offering a dedicated financial wellness resource is that HR can direct employees to DebtWave rather than attempting to answer personal financial questions themselves.

Employees can then discuss their financial concerns directly with DebtWave and receive guidance relevant to their situation.

How can my company offer DebtWave's Employee Financial Wellness Program?

Employers can contact DebtWave to learn more about making the program available to their workforce. DebtWave can work with your organization to explain the benefit and provide employees with information about how to access financial wellness resources.

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