COVID-19 has been rough when it comes to personal finances. All levels of government went out of their way to help and their efforts alleviated the burden. The support included stimulus checks, interest-free endurance on federal college loans and deportation moratoriums. It has been fantastic, but there is a catch: all this will soon end.
Headaches on the horizon
These interest-free patience will end and the expulsion weekend is over. We know this would happen eventually. Unfortunately, many have forgotten to plan.
Without out of sight it means out of mind. Those with college debt may have forgotten to pay anything in recent months. The feeling of urgency about monthly rent disappeared. People readjusted their budgets and did not take these obligations into account. They will soon have to do so.
Having to pay college debt and rent again can lead to shock and panic. Some incredibly bad decisions can lead to bankruptcy. Many could see their financial well-being in jeopardy. Employers have the opportunity to offer meaningful help.
Employees do not need gifts of money to get out of the mess. Excellent advice on how to manage personal finances is more important. Nationwide prepaid legal services can provide a helping hand to those in trouble. We have a financial health program that can solve financial difficulties.
Our advisors are helpers
The basis of our benefit program is a nationwide network of certified advisors. These professionals constantly deal with common financial challenges. They provide advice on financial health that a plan member can use directly. There is a nationwide advisor in the community for each nationwide client. Planning a meeting that includes social distancing is no problem at all. Our plan members receive priority status.
Advisors give instructions
There are private companies that offer help with student loans. Some are good, but others take advantage of a stressed person. The devil is in the clauses of every signed agreement.
A nationwide advisor is familiar with these programs. He or she can advise a member of the financial health plan and warn of any disadvantages. Some university loans can be renegotiated. The counselor will coach the individual and how to approach that conversation. A nationwide advisor will conduct a budget analysis that examines cash flow. A new budget can be created that facilitates the rental situation. The adviser will also give suggestions on how to negotiate new rent payments with the landlord.
The customer's role in the process
Nationwide will never offer a financial health plan for the boiler. Each one is tailored to the customer's needs. We explain our benefits and ask the organization to choose which ones should be in the final planning document. These choices are part of the paperwork. We provide administration and membership services that make a nationwide financial health plan so beneficial.
The unwritten benefit
There is a nationwide quality that all organizations can expect, and that is empathy. We understand how difficult it can be for someone to talk about their personal finances. We want to solve problems and not criticize. We recruit advisors for their ability to sympathize with plan members. We want everyone to feel comfortable when they seek our help. No one has to wait a long time to get the help they need quickly.
Our plan enables an employer to respond to the needs of its employees. We know from experience that help is appreciated by the hard worker. If you have any questions about benefits throughout the country, we encourage you to contact us when it suits you. This pandemic will one day be gone, but people still need help. We can give some of it. Catalog