{"id":1480,"date":"2021-05-23T19:15:20","date_gmt":"2021-05-23T19:15:20","guid":{"rendered":"https:\/\/www.cbhiemployeecenter.com\/external\/cbhiexternal\/?page_id=1480"},"modified":"2025-07-08T00:36:24","modified_gmt":"2025-07-08T00:36:24","slug":"financial-dimension","status":"publish","type":"page","link":"https:\/\/www.cbhiemployeecenter.com\/external\/cbhiexternal\/financial-dimension\/","title":{"rendered":"Financial Dimension"},"content":{"rendered":"\n
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\n <\/a>\n Eight Dimensions \u2013 Financial<\/span>\n<\/div>\n\n
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Financial wellness consists of finding an equilibrium within the diverse aspects of your relationship with finances. This includes understanding financial processes related to savings, income, and debt, while utilizing resources to achieve long-term goals towards future financial objectives. Financial wellness also includes learning to live within your means, making informed financial decisions and investments, and setting short and long-term goals. Learning and developing financially smart habits will help to achieve your future goals.<\/p>\n\n

Fidelity offers free classes on a variety of financial topics, including live web workshops and on-demand workshops. Click here for a schedule of live web workshops<\/a> and register for classes<\/a> on Fidelity\u2019s website. To find on-demand classes, use the registration link, login, then click the \u201cBrowse\u201d menu at the top of the page.<\/p>\n\n

Here are 8 steps that can facilitate your financial wellness:<\/p>\n

\n Income<\/summary>
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Make sure to understand your paycheck: How often it comes (Pay Calendar<\/a>) and the withholdings you set up (How To Change Tax Info<\/a>). When you experience an increase in pay \u2013 celebrate \u2013 then live off your previous budget for a while to achieve your financial goals.<\/p>\n <\/details>\n\n

\n Budget<\/summary>
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\nIt can be a painful word to some but necessary to achieve your goals. Budgeting for your known expenses, combined with understanding your income, will reduce the need for loans and other programs that cost you more money. \n <\/p>\n <\/details>\n\n

\n \n Emergency Fund\n <\/summary>
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Store up an emergency fund for those unplanned expenses. There\u2019s nothing worse than a tire blow out or school pictures that spring up and blow your budget putting you back in a cycle of borrowing. Experts suggest starting with building $1,000 emergency fund<\/p>\n <\/details>\n\n

\n \n Reduce Debt\n <\/summary>
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Once you have an emergency fund and you\u2019re in the budget rhythm start paying off your debt. Some experts say start with the debt with the lowest amount and keep going to achieve a \u2018snowball\u2019 affect. Others say start with the highest percentage rate. Either way, get started. <\/p>\n <\/details>\n\n

\n Build Savings\n <\/summary>
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Start that rainy-day fund! Depending on your life stage this could be a kid\u2019s college account, saving for a car, or a down payment on a house. Making your savings automatic makes it even easier – look for ways to have it automated from your account to keep yourself accountable.<\/p>\n <\/details>\n \n

\n Understand Credit\n <\/summary>
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If previous financial choices have impacted your credit score, time heals all. Work the plan above and make sure to pull your free yearly credit reports to keep track of it but don\u2019t obsess over it. <\/p>\n <\/details>\n \n

\n Plan Retirement\n <\/summary>
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All full and part time employees are automatically enrolled in our Fidelity 401K plan. Visit our Retirement<\/a> page.

\n For more helpful information related to your financial wellness or go directly to Fidelity<\/a> if you\u2019re ready to dive in.<\/p>\n <\/details>\n \n

\n Identity Theft\n <\/summary>
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IDENTITY THEFT:<\/strong><\/p>\n\t

Things you can do to protect your financial information:\n