Blog
Helping Clients Maslow’s Style
Tina Herndon, Financial Education and Training Manager
It is easy for clients to lose their ability to dream for a better future when they are in survival mode. The pressures of living on the brink of financial disaster can cause clients to make decisions that take them farther away from accomplishing their goals. However, motivating a client to dream is…
Road Trip: Mastering The Strategic Process Of Action Planning
Denise Keiser AFC®, Counseling Programs Manager
People seek financial counseling because they want things to be different in their financial lives. They are looking for change like relief from surmounting debt, less financial stress, or they have important financial goals to reach like buying a home or saving for retirement. Regardless of the individual’s reason, the counseling process is the same. The process starts with…
Swipe Up: Social Media Spending
Lindsey Deinhardt, Director of Organizational Development
Over decades, we have integrated social media into our lives: it is how we connect with people and organizations. Consequently, companies have taken advantage of this and turned what used to be a networking tool into an easy way to advertise. The average American will spend more than…
Multiple Financial Wellness Vendors: A Blended Family With One Goal
Jen Martin, Director of Partner Relations
In the first article in this series, we discussed how searching for the perfect financial fitness partner is like dating. Then in part two, we reviewed that every great partnership requires commitment (similar to a marriage), goal alignment, and working together. In part three, we will talk about how relationships change or adapt over time…
Women And Money: The Motherhood Penalty And The Pandemic
Lindsey Deinhardt, Director of Organizational Development
If you are curious about the life of a working mom during a pandemic—here it is… Remote learning. Working from home. Snacking. Managing simultaneous virtual meetings. Monitoring screen time. Multitasking. Snacking. Sharing funny stories on…
Economic Equality Is Necessary For Racial Equality
Cynthia Campbell, MBA, MEd, Chief Experience Officer
February is Black History month and the best way credit unions can celebrate is by designing their business models to help create economic equality. The first step is admitting we have a problem. The Joint Economic Committee released a report called…
Saving Money Isn’t Rocket Science, Or Is It?
By: Denise Keiser AFC®, Counseling Programs Manager
But, let’s be honest. Saving money isn’t something that comes easily to many of us, including the people we serve. We know it’s important, but so often, it seems like an overwhelming task. Instead of…
Debt Management Plans
By: Denise Keiser AFC®, Counseling Programs Manager
Getting out of debt for many people is like losing weight. As easy as it was to rack-up, just like those few extra pounds, it now seems overwhelming to clear up. Most don’t know where to begin. If they do, they may lack the motivation to start. Turning to a…
Financial Stress
By: Meaghan Hiller, AFC®, Director of Financial Education
I was not always an expert in personal financial management. Years ago, like many other 18-year-olds, I stumbled into the credit card trap and fell…hard. I was finishing up my freshman year in college when I maxed out my first credit card, which was soon…
Upstreaming Financial Services
By: Cynthia Campbell, MBA, MEd, CUDE, Chief Experience Officer
There is a parable used in the healthcare industry that has changed the way I think about serving people. I would like to share this parable, which I heard told by Dr. Rishi Manchanda, the founder of HealthBegins, in a TedTalk called, “What is an Upstreamist in…
Committing to a Financial Wellness Partner is Like Marriage
By: Jen Martin, Director of Partner Relations
You “dated” several financial wellness vendors. You found something that meets your needs, a proposal was sent, and now you are “engaged” to the vendor that best suits your needs. What comes next? Planning your marriage! When an engagement happens…
What Credit Unions Can Learn From Healthcare: Member Centered Financial Home
By: Cynthia Campbell, MBA, MEd, CUDE, Chief Experience Officer
In the healthcare field there is a concept called, “patient centered medical home” (PCMH). It is a model that puts patients at the forefront of their own care. Patient centeredness refers to healthcare that establishes a partnership among practitioners, patients, and…
Are your Employees Financially Savvy?
By: Cynthia Campbell, MBA, MEd, CUDE, Chief Experience Officer
Let’s talk about money. It is a taboo subject—much like sex and politics. We were taught not to discuss these topics “in polite company” but look at where “not discussing politics” has gotten us in America! Perhaps, instead of telling people not to discuss politics, we instead encourage…
Insights from the Front Lines: Housing Counseling
By: Linda Davis-Demas, Senior Director of Housing
Housing Counseling is a core competency of BALANCE. We handle pre-purchase, post-purchase, foreclosure prevention, rental, and reverse mortgage counseling. We are a HUD approved national housing counseling agency. We work with mortgage servicer partners…
Five Steps to Financial Triage
By: Karina Galvan-Torres, Senior Director of Operations
During times of economic crisis and uncertainty, the significance of prioritizing financial stability suddenly leads every conversation with family and friends. For agencies, like BALANCE, that provide services to underserved and financially vulnerable communities every day…
How Choosing a Financial Wellness Partner is Like Dating
By: Jen Martin, Director of Partner Relations
If you are considering implementing a financial wellness program for your members and/or staff you may feel overwhelmed at where to start. Luckily, my team and I have on-boarded many credit unions and have learned a lot along the way about what they were looking for, what they hope to…
Workplace Financial Wellness: Your Employees Have Money on Their Minds
By: Denise Keiser AFC®, Counseling Programs Manager
It’s not enough that money problems stress employees out, all of the time. Employee concerns about money also lower productivity while on the job and often increase the likelihood that employees will miss work. Money woes also account for…
Knowledge Begets Confidence
By: Meaghan Hiller, AFC®, Director of Financial Education
How do you foster your employees’ confidence to love their job? Help them build upon their current skills and learn new ones, increase the “tools in their toolbox,” empower them with knowledge and strike up a new spark in how they approach their day-to-day. In two words…
Are Your Members Financially Healthy?
By: Cynthia Campbell, MBA, MEd, CUDE, Chief Experience Officer
When I first heard of the Financial Health model created by the non-profit, Financial Health Network (formerly CFSI), I was thrilled. This framework offers four main pillars of financial health and under each pillar, there are two indicators. It is beautifully simple. They offer…
The Evolving Workforce
By: Jenna Allen, HR Manager
Over the years, more and more companies are starting to offer their employees the option to work remotely. This gives employees more flexibility, eliminates commute time and the stress that comes with it, and allows employees to be more efficient with their time. Although we have…