Financial Wellness

Financial Wellness

If you ask most Americans what the major sources of stress in their lives are, the number one answer will almost always be money and finances. The stress and anxiety that come with financial problems have far-reaching effects on our lives — they can lead to marital problems, issues at work, even poor physical health.

Financial wellness, then, is a critical cure too much of what ails us. But what is financial wellness?

Financial wellness is more than having some money in savings or a retirement plan; it’s more than credit repair or debt management. True financial wellness is an overall satisfaction with our financial lives, brought on by a number of things, including financial knowledge and behaviors like budgeting, saving, and the smart use of debt, etc.

At ARECU, the financial wellness of our members is our ONE. It’s our highest priority. That’s why we offer smarter products that bring real value to your life. It’s why we offer programs like Alabama ONE Financial Wellness FinTalk Academy and GreenPath to help you learn, to help you plan, and to help you create a financially healthier life.

Let Us Help You Get There

Take a look at your income

  •     Calculate your consistent monthly income
  •     Other income sources

Set your goals

  •     Think Big.  What does your blueprint look like in 1, 5, 10, or 20 years?
  •     Consider large purchases and life events

Propose a plan

  •     Track all of your income and expenses
  •     Use this information to make choices and changes to what and where you spend
  •     Arrange your choices to line up with your goals and spending plan

Decrease your debt

  •     Look at what you owe
  •     Prioritize debt to pay-off (usually high-interest debt first)
  •     Incorporate these priorities into your spending plan

Prepare and protect

  •     Create an emergency savings fund to prepare for the unexpected
  •     Protect the things you value by insuring them: home, car, life, etc.

Make More Money

  •     Speak with a trusted advisor to assess the best options to fit your life
  •     Put your money to work for you through various savings options and/or investments
  •     Track the investments and make adjustments, if necessary.

Supervise your Spending

  •     Refer back to your spending plan on a regular basis.
  •     Make updates as you see changes in income or expenses.

Financial Freedom has Arrived

  •     You are able to cover expenses (expected and unexpected)
  •     This financial peace of mind gives you the freedom to enjoy the things you love.

Making smart financial decisions starts with the knowledge to make them.

Know better, do better. Our easy-to-digest, bite-sized FinTalk Academy interactive learning modules cover a wide range of topics – insurance, taxes, credit scores, credit cards, and paying for higher education, to name a few – to provide you with the knowledge to make better decisions and accomplish your money goals.

From July 1, 2020 - March 31, 2021, complete a new module monthly to be entered to win a $50 gift card.*

Access our learning modules

*Terms and conditions apply. Contest Rules