Set savings goal
Increasing your savings reduces financial insecurity, enhancing your overall wellbeing.
What You'll Do
Set a savings goal to increase your emergency fund by 10% over the next 6 months.
Scientific Basis
Counseling on savings habits increased emergency fund adequacy by 23%, improving mood by reducing insecurity.
Bayer, P. J., Bernheim, B. D., & Scholz, J. K. (2009). The effects of financial education in the workplace: Evidence from a survey of employers. Economic Inquiry, 47(4), 605-624.The Science of Impact
Adequate emergency savings can reduce financial stress, which is linked to improved mental health outcomes.
Increased savings can lead to greater financial stability, reducing anxiety and enhancing quality of life.
Financial education programs can be a cost-effective strategy for employers to improve employee wellbeing.
Pro Tips
Participate in a financial counseling session at least once a month.
Set a savings goal to increase your emergency fund by 10% over the next 6 months.
Review your budget weekly to identify areas for potential savings.