Alok Deshpande | Source | Co-Founder and CEO at SmartPath
Alok Deshpande
Alok inspires, teaches and builds tools to help main street families get on track with their money.
-
SmartPath
Co-Founder and CEO
-
-
Grouping Benefits to Enhance Financial Wellness | PLANSPONSOR
Instead of giving employees a list of benefit products, plan sponsors should consider presenting them as resources for different life stages, which can lead to better participation.
Article
-
As employers think about their communication strategy, the first step is for them to let employees know that they can use their employers as a resource. Employers should be able to provide some format of tools and support that they couldn’t get on their own.
-
Determine the amount you expect to spend, then divide that number by 12 months to determine how much you need to add to your monthly budget. Every month, transfer that amount into your savings account or a separate ‘vacation/travel’ account. Typically, we recommend setting aside 3-5% of your take-home pay for vacation and travel.
