Could the workplace be the key to helping people to save?
Workplace savings are becoming an increasingly critical tool for promoting financial wellbeing. These schemes allow employees to deposit funds into a savings account straight from their payroll. What makes this approach remarkable is the ability for employees to save before their earnings land in their personal bank accounts. This practice enables them to uphold a consistent savings routine, fortifying their financial resilience. Whether it’s for unexpected expenses, rainy days, or just a special treat, workplace savings offer a cushion for all.
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