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Happy holidays! I hope everyone is enjoying the holiday season thus far and that the stress levels haven’t gone off the charts — yet. I thought I’d try to bring a little behavioral economics to the holiday season by exploring what I’m calling the”holiday tunnel.” You might remember from our classes that…(Read More)

If you only have one shot to introduce your client to a Financial Health tool then make sure the Receipt Exercise and Spending Journal are your go tos. This is the first step toward building a personal financial plan. First part is to keep all of their receipts for one week in the envelope. Remember…(Read More)

As we’ve been out in the field delivering classes and working with people, we recognized that, while many people have heard of the Equifax data breach, few have really looked into the issue or done anything about it. Additionally, we have heard that many case managers have not been providing information to their clients…(Read More)

Thanks to a partnership between Intermountain Salvation Army and the Financial Health Institute, people who are struggling with addiction recovery at the Harbor Light center are getting back on their feet. The Financial Health Institute developed a program that specifically meets the unique financial challenges of their target population. As we all know, being financially…(Read More)

For the last eight years, the Financial Health Institute has been teaching courses at nonprofits across the country. From this experience, our faculty noticed a recurring trend in the sector—massive staff turnover. We understand that personnel change and movement occurs in all sectors, however, there are additional consequences and effects this may have in…(Read More)

We’re all familiar with the situation. You have a friend who you love to spend time with. The problem is their version of “spending time,” involves spending money and lots of it. You enjoy the night out, but the subsequent financial stress you experience is a recurring issue at the core of your friendship…(Read More)

A new study suggests family-related stress can be linked to childhood obesity, especially in girls. The study examined three types of family stress: family disruption and conflict (divorce, a parent’s incarceration or death, child suffering violence); financial strain (living below the poverty line, mother’s long period of unemployment); and maternal poor health…(Read More)

Financial Health Defined

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What the heck is Financial Health anyway? And why is it important? Ask those questions in a room full of people and you will get an interesting array of answers! Typically, when people respond to this question, they think of better financial plans, having some savings, having little or no debt and the ability to…(Read More)

The Financial Health Institute defines “Financial Health” as: “The dynamic relationship of one’s financial and economic resources as they are applied to or impact the state of physical, mental and social well-being.” There is widespread evidence that a person’s financial health can impact their physical health and vice-versa. People who are…(Read More)

According to the most recent Stress in America: Paying with out Health survey, released by the American Psychological Association, for the majority of Americans (64 percent), money is a source of stress. Unlike in prior years of the survey, this year a clear gap emerged between those living with lower-income households reporting higher overall…(Read More)