Easy to use resources to keep financial plans on track
Targeted webinars, articles and other resources
Investment/account/debt aggregation tools
FINANCIAL
Get Fiscally Fit
Managing money is the number one cause of distress for most people. It can take a toll on your health, putting you at higher risk for anything from high blood pressure to heart disease.
Financial wellness is the ability to manage day-to-day and month-to-month finances, so you can create a safety net for unexpected financial demands. Meeting financial goals in the present and the future creates the financial freedom to make choices that allow you to enjoy life.
Financial wellness can also be defined as being in a place where an individual is spending and saving money thoughtfully and their behaviors and thinking around personal finances contribute positively to their short-term and long-term goals. We’re here to help you meet your goals through our Financial Wellness programs. Through these programs, you can learn how to de-stress and make the most of your hard-earned dollars.
TIPS TO FOLLOW FOR FINANCIAL WELLNESS
Develop a budget based on your monthly income, your expenses and savings, and then live within your means. Should a shortfall occur, adjust your budget rather using a credit card. If your budget can’t be adjusted, be sure to use your savings to cover the expense. Try Voya’s budget calculator.
Review your purchases and make adjustments if you notice that your expenditures aren’t aligned with your budget. For example, if you are spending money on daily coffee or you are eating out more than cooking at home, making small behavioral changes in these two areas can get you and your budget back on track. Try Voya’s budget calculator.
Always pay yourself first. An easy way to do this is to set up an automatic deposit or transfer into a separate account. Updating your direct deposit in Workday.
Emergencies happen. Your savings account is the helping hand you need when the unexpected arises. A good rule of thumb is to have a minimum of six months of income stashed in your savings. Learn more about prioritizing your savings.
Big purchases can come with hefty price tags. If you plan to take a trip or buy a large-ticket item like a washer/dryer or a new car, adjust your budget to build your savings specifically to cover that item. Learn more about prioritizing your savings.
Saving for retirement takes good planning on your part. Your employer offers a 401k plan with a generous match, take advantage of it along with any employer contributions. Also be sure to make funding your retirement savings automated. Try Voya’s retirement calculator.
Use credit wisely. Don’t overuse it and pay off credit card balances each month. Set a monthly limit and stick to it. Things like late payments, too much debt or high balances negatively affect your credit score. Keep watch over your credit report and credit score with a free annual credit report from annualcreditreport.com.
Develop a system for keeping your financial records in order and securely store items such as receipts, pay stubs, tax records, banking and insurance information and any other documentation that is relevant to your financial situation. Also, use programs such as Quicken and online tools such as Mint.com to help manage your financial records with ease.
Financial planning isn’t only for wealthy individuals managing investments. There are planners who specialize in money management, debt and credit counseling and budgeting. The National Foundation for Credit Counseling is one resource for financial education programs to help you get your financial house in order.
Financial Fitness For You!
Financial planning isn’t only for wealthy individuals managing investments.
Purchase Waste Connections shares at a discounted price through our Employee Share Purchase Program (ESPP). Contribute through payroll deductions. For additional information, watch this video.
Scholarship Program
Waste Connections has established a scholarship program to assist children of employees in pursuing their vocational, technical and university education goals. Read more here.
Employee Relief Fund
The Waste Connections Employee Relief Fund was set up to help employees who experience significant financial hardship following a natural disaster or other catastrophic event. For more information, speak to your direct manager or HR manager.
Morgan Stanley Financial Wellness Program
Reduce your financial stress, increase your financial knowledge and plan for your financial future. Get started with our new financial benefit offering featuring easy to use resources and tools to keep your financial plans on track.
Did you Know?
Waste Connections offers a 401(k) retirement plan with a generous employer match and wide variety of investment options to help you prepare for retirement. You are eligible to participate on the first of the month following 60 days of continuous, active employment.
For Account Holders To view or make changes, please view your online account.
Your Financial Resources
Whether it’s making sure that you are taking advantage of the Waste Connections 401k plan, working on credit repair, or looking to protect your credit and identity, below are helpful resources for you to access.
