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
How to create a simple budget
Want to know where your money is going? Creating and adhering to a budget will help you evaluate your current spending habits. It is also shown to provide you with a financial cushion and can help you identify and accomplish your financial goals. Follow the steps below to create a simple budget.
- List all sources of income. Start with your net income (the amount after deductions).
- Subtract your expenses. Start with fixed expenses i.e. mortgage, car note, insurance, then move on to your variable expenses like transportation and food.
- Subtract contributions to financial goals. How much should go into savings, how much towards paying down debt, etc.
- Determine what you have left for miscellaneous spending.
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.