Small business advice for National Financial Literacy Month

Seventy-six percent of Americans are stressed about money, according to research by the American Psychological Association, and more than two-thirds of employers say that contributed to higher health costs, employee absences and lost productivity. To combat this growing trend, the President’s Advisory Council on Financial Capability and the Better Business Bureau of Minnesota and North Dakota (BBB) recommend financial literacy education for employees.

Regardless of the kind of business you own or the financial benefits you provide, every employee should have access to financial literacy planning tips. By giving employees the tools they need to succeed in their personal finances, you are giving your business the gift of dependable employees who aren’t distracted by personal financial woes.

Employers do not need big budgets to provide financial literacy education. Check with your local BBB to see if they offer financial literacy programs or if one of the many BBB Accredited Businesses in your area can assist (banks, credit unions, financial planners and others in the sector often offer this kind of programming).

The BBB also offers “Managing Credit – Made Simpler” for online learning. The Small Business version helps business owners manage credit and business debt, while the Consumer version offers three tracts depending on your financial situation. The BBB has also partnered with FINRA Investor Education Foundation to provide assistance to consumers on investment issues and avoiding investment scams.

For more business tips or to check out businesses in your area, visit www.bbb.org .

Tags: news, updates, money, bbb, financial