Professional financial coaching decreases consumer stress, survey reveals
Workplace financial wellness program shown to assist employees in reaching financial goals
SUGAR LAND, Texas, March 8, 2017 /PRNewswire-USNewswire/ -- A recent survey conducted by Money Management International (MMI), the nation's largest nonprofit credit counseling agency, reveals the positive impact financial coaching and education has had on the lives of the employees of an Oregon-based company.
MMI has provided Samaritan Health Services (Samaritan), a nonprofit healthcare provider based in Corvallis, Oregon, with financial wellness programs and services through its Mapping Your Future Financial Solutions division for more than 10 years.
"Samaritan Health Services is actively engaged in fostering a healthy workplace and workforce," said Andrew Bartels, Compensation & Benefits Manager for Samaritan Health Services. "As a part of that objective, we want to make sure that our employees have access to financial coaching. Samaritan Health is committed to employee wellness services that help us achieve our overall goal of providing quality, innovative health care in all of the communities we serve."
During the course of their ongoing partnership, MMI has provided one-on-one financial coaching to 150 Samaritan employees. Of those Samaritan employees polled, 86 percent stated that their financial stress was reduced as a result of the financial coaching and education they received. Many respondents also reported that they had achieved certain financial goals as a result of the coaching, including reducing debt (60 percent); contributing more money to a retirement plan (38 percent); improving their credit score (30 percent); and buying a home (8 percent). Samaritan employees who received financial coaching also reported paying off a total of $182,900 in debt in just the last year.
"I was stunned by the survey results," said Julie Griffith, Mapping Your Future account manager. "At MMI, we know that financial coaching, counseling, and education work, but seeing the incredible, positive impact this program has made on the financial outlook of these clients is simply amazing. The employees we assisted are thriving and they are deeply appreciative of Samaritan for caring so much about their wellbeing and providing this service."
To learn more about financial coaching, this survey, and about Mapping Your Future Financial Solutions, please call 1-800-374-4072 or visit MappingYourFuture.com.
Contact:
Jeff Davis
817.302.4726
[email protected]
[email protected]
About Money Management International
Money Management International (MMI) is a nonprofit, full-service credit counseling agency, providing confidential financial guidance, financial education, counseling and debt management assistance to consumers since 1958. MMI helps individuals and families deal with unmanageable debts and improve overall financial health through personalized one-on-one counseling programs, including debt and budget, foreclosure prevention, student loans, credit report review, and bankruptcy. Most counseling is available by appointment in branch offices and 24/7 by telephone and internet. Services are available in English or Spanish. To learn more, call 866.864.8995 or visit MoneyManagement.org.
About Mapping Your Future
Mapping Your Future Financial Solutions offers online and person-to-person financial counseling, education and tools to help employees, customers, or members overcome setbacks, reach goals, and confidently take control of their personal finances. For more information on Mapping Your Future, visit MappingYourFuture.com or contact us at 800.374.4072 or [email protected]
SOURCE Money Management International
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