Page 33 - A Guide To Financial Health v2

Chapter 04: Progress starts with savings

This is backed up by data from the Financial Health Network (formerly CFSI)

which has done extensive research on what it means to be financially well:

Borrowing Planning

With a lower-cost way to When people have a clear

solve cash flow problems, picture of money coming in,

such as on-demand pay, as well as what's needed for

people can move towards bills, surprise cash flow

building emergency savings problems become less

for future use. frequent.

Spending Saving

Tools to help people spend When all the previous pieces

within their means-while still are in place, people can think

getting bills paid on time- ahead towards long-term

making saving money possible. planning and saving.

Ultimately though, only so much can be done in a world where expenses

outweigh earnings. Another mark of a successful product/service is the

presence of forward-thinking plans to help people not only manage their

savings in the face of expenses, but to also help lower those expenses by

deploying innovative technologies that can act as an accountability partner

and help build and re-inforce successful financial habits.