| Description |
1 online resource (260 pages) |
| Contents |
Cover; Half Title; Title; Copyright; Contents; List of figures; List of tables; Introduction; 1 Jobs, money and happiness; The role of money in your life; Financial well-being; The role of work; Financial rewards from working; The present and the future; How to control your spending impulses; Actions; The power of self-belief; Conclusion; References; 2 Work and financial planning; Human capital: the foundation of wealth creation; A long life: staying young for longer; What is financial planning?; Having a long-term financial plan improves well-being; Getting started with planning your money |
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Financial planning prioritiesWhere do you want to go?; Your income and expenditure; Learning how to control and direct your spending; Other planning points; Conclusion; References; 3 Building resilience and wealth through saving; Having an emergency fund; Other goals; Household finances in the UK; What steps do you need to take to save money?; How do you successfully save?; Invest; The main types of investment; Ownership of assets in the UK; Why people make bad saving and investment decisions; Ownership of property; Conclusion; References; 4 Protecting against dying too young |
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Why protecting your family is importantHow can you protect your family against the financial impact of death?; Support from the government; What are the different life insurance policies available?; Why people don't buy life insurance; Conclusion; References; 5 Protecting your income; Why do you need to protect your income?; What are the consequences of ill health?; Help from the government and employers; How do you respond to a loss of income due to ill health?; What do you need to do to protect yourself and your family?; Why people don't buy income protection: behavioural biases; Conclusion |
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Barriers to regulated adviceHow to choose the right adviser; What to do if things go wrong; Conclusion; References; 9 Conclusion; How work helps you reach your goals; Building on help from work; Know yourself; Conclusion; References; Glossary; Useful contacts; Index |
| Summary |
There is increasing pressure for all of us to take responsibility for our own financial security and wellbeing, but we often overlook how the benefits that come with a job can help us do that. Essential Personal Finance: A Practical Guide for Employees focuses on these valuable work benefits and shows how you can build on this important foundation to achieve financial security and your life goals. This unique book explores how making effective and practical use of these work benefits (such as pension scheme, life cover, sick pay, cheap loans, savings schemes and even financial coaching), means facing up to the behavioural biases we are all plagued with. Given that these can get in the way of even the best intentions, Essential Personal Finance tackles these biases head-on with practical ideas and tips for overcoming or harnessing them for good, and will help you to develop a positive and fruitful relationship with your money. With financial stress being a major cause of absenteeism and sick leave, low morale and lost productivity, the advice in this book also offers employers enormous benefits. By empowering employees through financial education and financial awareness, progressive employers will help them feel more in control of their lives, and experience less stress, resulting in higher morale and productivity. Offering a distinctive approach which combines academic insight with practical financial wisdom and tools, this is a must-have book for all employees. It will help you make the most of everything your job has to offer so you can worry less about money and live life to the full |
| Bibliography |
References6 Love your workplace pension; Retirement saving basics; How to build up your savings; Different pensions you might have; Thinking about pensions if you're over 50; Getting advice; Conclusion; References; 7 Managing loans and credit; Good and bad debt; Borrowing to buy a home; Borrowing for other reasons; Loans and credit at work; Why you might pay more for credit; Dealing with debt problems; Conclusion; References; 8 Getting help and advice; When to get help and advice; Why you might seek help or advice; Types of help and advice; How to choose the right help |
| Notes |
Print version record |
| Subject |
Employees -- Finance, Personal
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BUSINESS & ECONOMICS -- Personal Finance -- General.
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BUSINESS & ECONOMICS -- Personal Finance -- Budgeting.
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behavioural biases.
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behavioural sciences.
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debt management.
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employee benefits.
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financial awareness.
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financial planning.
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financial security.
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financial wellbeing.
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life goals.
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MINDSPACE.
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pensions.
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personal finance.
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Employees -- Finance, Personal
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| Form |
Electronic book
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| Author |
Butler, Jason
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Luu, Lien
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| ISBN |
9781351041652 |
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1351041657 |
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