Freshen up on money matters this month

April 12, 2023  //  FOUND IN: Updates & Resources

It comes as no surprise that managing finances and money can be stressful for many people. In fact, studies continue to find that nearly 9 in 10 in the U.S. feel stress about money. 

Financial stress can occur when there’s uncertainty around finances, a sense of worry about the future or a lack of security. Like most types of stress, this can impact your sleep, physical and emotional health, relationships, performance at work and family life.

April is National Financial Capability Month, a good time to boost your financial knowledge.  Financial literacy means having a basic understanding of how to handle money matters like paying bills, managing debt and saving money. This knowledge is essential when it comes to making good financial decisions for you and your family.

The MHealthy website includes information, programs, and university and national resources to help support your financial well-being. Learn about:

  • What help is available if you have a need
  • The basics of financial literacy
  • Managing your money
  • Managing your debt
  • Understanding and improving your credit score
  • Setting financial goals

MHealthy has partnered with U-M Credit Union to provide expert advice on ways to build your savings and how to build and maintain a high credit score.

Fidelity Investments and TIAA, U-M’s trusted partners in administering its Retirement Savings Plans, are offering several webinars and workshops this month focused on how to start investing, fine-tuning your retirement and more.

The MHealthy Portal, powered by Asset Health includes a self-guided Path to Wellness program and two Knowledge courses focused on financial well-being. 

If you would like to learn more about your health and well-being, including whether finances could be a concern, the confidential health questionnaire (HQ) is also available. It can help you identify what well-being areas are thriving and which may need attention. The HQ is available to active, benefits-eligible faculty and staff through May 31.

View more financial well-being resources on the MHealthy website.