Why Your Financial Wellbeing is Critical

As the cost of living continues to rise in the UK, achieving a sound financial education has never been of greater importance. Financial concerns affect most people at various times in their lives, but the impact on long-term health and wellbeing is rarely considered. With 16 million UK adults reporting low financial wellbeing, and 36% saying they worry when they think about money, taking positive steps to achieve personal financial wellbeing is of the utmost importance.

At the Lloyd’s Wellbeing Centre, we understand both the importance of managing your finances, and the struggle of finding a reliable and easy-to-follow source of financial advice.

That is why we are offering a live Financial Wellbeing Webinar on Friday 19 August 2022, in partnership with Thrive4Life.

Your speaker, George Callaghan, is a Professor of Economics and Personal Finance. He will be offering advice and suggesting top tips to help you better manage your finances and personal money concerns.

Are you an INDIVIDUAL interested in attending the live webinar?

If you are interested in learning more about how your emotions impact your finances, how you can build positive money habits, and how you can improve your financial wellbeing, you can purchase individual access to the live webinar using the button below.

Individual tickets

Interested in WHOLE COMPANY access to the live webinar?

If you believe your employees and/or colleagues will benefit from this educational resource, your HR team can purchase an access pass for all the company’s employees. Find out more info on the Thrive4Life website by following the button below.

Whole company access

Prolonged worrying about your financial situation can result in mental and physical health problems. This is because stress, mental health, and physical health form a ‘triad of health and wellbeing’. Just as having a physical illness can make us feel stressed or deteriorate our mental wellbeing, a lack of financial wellbeing can impact our stress levels and mental health.

Studies have shown that money is a key factor in determining our level of ‘happiness’. It has been found that there is a high degree of correlation between an individual’s financial wellbeing and their life satisfaction.

Related resources:

Beat the blues by focusing on financial wellbeing – Article published by the Money and Pensions Service on 17 January 2022.
If you are a Manager or Team Leader, and you want to learn more about employee financial wellbeing, its impact on businesses, and read about free resources to improve employee financial wellbeing, read this blog on the Thrive4Life website; Employee Financial Wellbeing – A Rising Concern