Nearly half of all employees say financial challenges cause them the most stress in their lives. It’s important to target stress at the source. Through the Financial Wellness Program, the Employee Assistance & Counseling Center provides personalized counseling and various resources designed to help employees cope with financial stressors. This program is here to empower you to take charge of your finances and financial wellbeing.
See the EACC's financial wellness services below for more information.
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Financial Wellness Counseling
Need financial guidance but not sure where to start? An individualized financial wellness counseling session will help you gain a better understanding of your financial situation, while teaching you the best options for managing your finances and paying off debt.
The UAB Employee Assistance & Counseling Center offers free financial counseling services to help you develop a personal financial assessment and take control of your finances. To schedule a one-on-one appointment with an EACC counselor, call 205-934-2281. Appointments available Tuesdays from 9 a.m. to noon and Thursdays from 1 to 4 p.m.
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UAB Financial Wellness Program
The UAB Financial Wellness Program offers financial tools for early, mid and late career employees, as well as student loan assistance and additional financial wellness resources designed to help employees cope with financial stressors, build financial skills and feel confident about their future.
Visit uab.edu/finwell to explore the variety of financial wellness resources available to UAB employees.
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Financial Tip of the Month
Are you on track for retirement?
Retirement is one of the most important events in many Americans' lives. It’s never too early to start preparing. Use the following steps to ensure that you are on track for retirement.
- The key word is SAVE: Get into the savings mindset. Start by setting aside 10 percent of your income for retirement.
- Set savings goals: Decrease your current spending by utilizing a monthly budget. Live beneath your means and eliminate current debt while avoiding new debt.
- Increase your retirement income: Research and participate in ways to save and increase your retirement income. Consider an employer-sponsored retirement plan, individual retirement accounts, and investing.
- Know your retirement needs: Experts estimate you will need at least 70 percent of your pre-retirement income to maintain your standard of living during retirement.
For more financial wellness resources for UAB employees, visit uab.edu/finwell.
Look for the Financial Tip of the Month in the UAB HR Monthly Newsletter.