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Financial Wellness

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Financial wellness is an important component of your overall wellness. Be Well Illinois has tools and resources to help you learn how to successfully manage your financial wellness journey. Keeping track of expenses, making a budget, and sticking to it are important skills that can help you live well.

Most recent article

Making the Most of Your HSA

It is common for many people to consider their expenses and look for cost savings throughout the year. Many people have done just thatthrough HSAs or Healthcare Savings Accounts, which work in conjunction with high-deductible health plans (HDHPs).

Other Useful Resources

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Previous articles

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The Doctor Will See Your Wallet Now

 

Whether you need to save up for a medical condition you have, copays for regular expenses or medical emergencies, knowing the amount you may need can save you not only money but also save you stress when you get to the hospital or doctor’s office and don’t have the funds.

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Deferred Compensation Plan Website

The State of Illinois Deferred Compensation Plan website at www.myillinoisdcplan.com is a great resource to help you track your progress toward the retirement you want.

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Medical Debt

How often do you check your medical bills? If you're like most people, not often. It’s common to assume the bill is accurate, make payment arrangements and go on with our lives. Unfortunately, medical billing errors are common in the United States.

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401(k) Plans vs. 457(b) Plans

We all want to be sure that we have enough money in our retirement savings to live comfortably when we reach the age where working and earning wages is no longer possible.

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Being Financially Prepared for a College Bound Child

For many young people, having a college degree is the starting point for getting a job in the career field they desire. College affordibilty has become challenging to manage as the cost of earning a degree has steadily risen over the last several years.

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Everything You Need to Know About Managing Financial Stress

We all make financial blunders and mistakes. Part of being an adult is learning from these blunders and not repeating the same actions over again.

 

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Five Steps Towards Financial Relief

When faced with navigating your financial stressors, you might be feeling as though there’s nothing you can do to improve your finances. However, small changes can make a big impact over time.

 

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The Changing Nature of Emergency Savings Accounts

If you encounter a situation where you need to draw on your emergency funds, the chances are that you will need access to the money right away. For this reason, emergency savings are typically kept in cash or in a traditional savings account.

 

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How to Plan Ahead With an Annual Budget Review

The end of the year is a busy time for everyone. In the midst of all this busyness, taking the time to pause and reflect on the year gone by can help us appreciate the past, live in the present and prepare for the future.

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Prepare Early for Holiday Spending

It may seem a bit excessive to prepare for holiday spending in advance. However, budgeting for this particularly expensive time can be a necessity.

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How To Plan for Financial Caregiving

Many individuals need a financial caregiver who can be trusted to manage their finances, find additional resources, and advocate for the benefits they deserve.

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The Cost of Poor Oral Health

Financial limitations often prevent people from getting timely dental care. More than half of Americans delay dental, and other types of Medical care, due to an inability to afford it.

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Creating Your Budget After Cancer

Even with health insurance, cancer costs can be expensive. One of the best ways to prepare for these expenses is to plan ahead by creating a budget.

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How to Save for the Unexpected

It's important to have money saved for those surprise expenses in an emergency fund. In fact, most experts suggest having about three to six months' worth of expenses saved.

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Managing Finances in a Multigenerational Household

As times are changing, multigenerational households are becoming more common in America.

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Tips to Boost Your Financial Fitness

Just as with exercise and nutrition, the key to your financial wellness involves making simple and effective changes to your behavior to develop a better relationship with money.

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The Economic Impact That Asthma Has on the Economy and Families

Asthma costs the U.S. economy more than $80 million annually in medical expenses, days missed from work, and school according to research published online in the Annals of the American Thoracic Society.

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The Effects that Debt has On Your Emotional and Physical Well-being

Regardless of “good” debt or “bad” debt, borrowing money and being required to repay it in the future can cause several challenges for the human mind.

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Coping With Financial Stress in Your Life

If you are worried about money, you are not alone. Money is a common source of stress for American adults. In fact, according to the American Psychological Association (APA), 72% of adults report feeling stressed about money.

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Planning for Medical Emergencies

Improving your financial health takes work and the sooner you start the better. However, it is never too late to start improving your financial goals

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Do you know where your money is going each month?

Improving your financial health takes work and the sooner you start the better. However, it is never too late to start improving your financial goals.