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Free Online Financial Wellness Resources to Support your Employees

Employee well-being is one of the critical factors driving business success, and employers have been giving it more focus since Covid-19 became a part of our lifeWith wellness having many different facets, it’s predicted that 2021 will be the year of financial wellness.  

Financial wellness is one of the dimensions of wellness which focuses on improving financial well-being and financial literacy. It is one of the most important workplace wellness concepts because the poor financial well-being of employees has a direct impact on the overall well-being of employees and their productivity. Employees who have financial issues are more likely distracted at work and not engagedAccording to Manulife Financial Research, poor financial wellness in the workplace means lower productivity, high absenteeism and presenteeism rates. 

For so many people, Covid-19 is continuing to have an adverse impact on their finances and causing people not to be able to meet their financial obligations. According to PwC’s 2020 Annual Employee Financial Survey Report54% of employees stated that financial challenges are the primary cause of their stress. And the MetLife Annual U.S. Employee Benefit Trends 2020 Study shows that 52% of employees are more concerned with their financial health than their physical, mental, and social health. 

Often when organizations look to improve the financial wellness of employees, they immediately focus on benefits. However, there is more you can do for your employees. Employers need to take a holistic approach to financial wellness and help employees improve their financial literacy and apply their financial knowledge and skills into practice. Employees with a high-level financial well-being will not have financial stress which impacts their productivity, and they will have the confidence to successfully manage their finances. 

Below, we have compiled a variety of free financial wellness resources available online for you to support your employees’ financial well-being and help them in the long run.

1. Consumer Financial Protection Bureau (CFPB) 

CFPB has various financial well-being resources. They provide a guide specifically designed to help employers of all sizes implement a workplace financial wellness program that gives their employees the knowledge, skills, tools, and resources they can use to improve their financial well-being. They also have a financial well-being questionnaire which gives you a score after you answer the questions and allows you to compare your financial well-being score to other adults in the United States. 

Here are the links to CFPB’s Workplace Financial Wellness Program Implementation Guide and Financial Well-being Questionnaire.  

Financial Wellness - man at food truck

2. Financial Health Federal Credit Union 

Financial Health FCU has free financial health resources that address budgeting, credit, retirement, savings, emergency planning and assist you in building a healthy financial life. Some of their tools are retirement fund estimator, retirement planning quiz, savings challenge, personalized spending plan, debt-to-income ratio calculator, etc. 

Here is the link to their free financial health resources webpage.  

3. Free Financial Planning Software 

Financial Planning Software helps individuals to keep track of their income and spending, create budgets, and work toward personal financial goals. It is a useful tool to have all the financial information in one place and it provides a clear picture of your current financial situation.  

Below are some of the free financial planning software: 

  • Personal Capital – Personal Capital has a free version in which you can have access to free tools to manage your personal finances and plan your retirement. 
  • PlansWell – PlansWell provides free financial planning where anyone can fill out a short survey and get a free financial plan. They also have an information page called Financial Planning 101 that has definitions of financial terms and concepts. 
  • HomeBank – HomeBank is a free, personal financial planning software that assists with managing personal finance and budget in detail using filtering toolscharts, and reports. 
  • KMyMoney – KMyMoney is a free, open-source financial management software. It is easy to use and allows users to import their information. 
  • Firefly III – Firefly III is a free and open-source personal finance manager. It helps you keep track of your expenses and income and allows you to create and edit transactions, accounts, and give them budgets, categories, and tags. 
  • GnuCash – GnuCash is an easy-to-use, personal financial accounting software which helps you track bank accounts, stocks, income, and expenses. It supports different currencies, can run on different operating systems and allows creating recurring transactions. 

4. YouTube Channels

YouTube is the world’s most visited website. It is a great place when you want to learn basically anything. There are amazing channels that can inspire and teach you anything.  

Below are some of the personal finance channels you can share with your employees: 

  • The Financial Diet – The Financial Diet talks about personal finance and everything else you want to know about money. It explains complex financial information with digestible videos and provides practical recommendations for everyday life. 
  • Two Cents  – Two Cents is an educational channel about personal finance. Hosts come from a finance background in which they had a financial firm assisting entrepreneurs in the past. In this channel, you will find a number of videos about career, work, retirement, family finance, investment, etc. 
  • The Money Resolution – Creator of this channel, Frankie Calkins, uploads helpful videos about personal finance with actionable, up-to-date tips to help people save money, invest, manage debt, plan for early retirement, etc.   

Financial wellness is an important facet of wellness no matter where you are in the world. Although WorkTango operates in 100+ countries, we were founded in Canadaand wanted to offer our Canadian community some additional Canadian-specific resources: 

Financial Wellness - Woman with mic

1. Financial Consumer Agency of Canada (FCAC) 

FCAC promotes financial education and raises awareness about financial wellness in the workplace. There are various resources and information for employers on their website, such as videos, infographics, and a guide to plan your workplace financial wellness program. You will also find an interactive financial toolkit with different modules which provide basic financial information and tools to help adults manage their personal finances and gain the confidence to make better financial decisions.  

Here is the link to FCAC Financial wellness in the workplace webpage.  

2. Chartered Professional Accountants Canada (CPA) 

CPA Canada has free resources and tools to improve your employees’ financial literacy and help them manage their finances. They provide financial information related to the Covid-19 crisis, a detailed financial wellness guide that has an interactive questionnaire that helps you understand money basics and how they apply to you, and a financial literacy podcast that talks about key issues, trends, and tips as they relate to financial education.  

Here is the link to the CPA website. 

3. Free Online Webinars

  • Sun Life hosts financial wellness webinars that are designed to boost financial literacy and help to achieve financial wellness.  
  • Here is the link to their 2021 financial wellness webinars schedule.  
  • Manulife’s webinar series covers a variety of topics such as internet scams, budgeting, building an emergency fund, investing, and retirement income sources. Their 30-minute live learning sessions provide simple tips and ideas to help you make healthy financial decisions.  
  • Here is the link to their 2021 financial wellness webinars schedule.   


While investing in employee well-being, make sure to take a holistic view of wellness and incorporate financial wellness into your wellness strategies. There are plenty of free resources available online, however, it starts with a concentrated effort and strategy by an organization to prioritize the financial wellness support of employees. Helping your employees improve their financial literacy and apply that knowledge into practice will help you reduce your employees’ financial stress, improve their overall well-being, and promote a healthy culture and engagement in your organization. 

Additional Resources

Check out our guides on workplace culture, employee engagement, and employee surveys. Learn about every aspect of a successful employee voice initiative!


We write on the current challenges HR and organizations are facing in order to support our community. Check out more of our articles here.


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