Corporate Wellness

How To Ensure Good Financial Wellbeing From Gympass Partner, Moneyed

12 Jun 2020
Last updated on 1 Jun 2023

Financial wellbeing isn’t about having lots of money or a really well-paid job; </span

</span></span>it’s about feeling secure and in control. </span></span></span>It’s about knowing that you can pay the bills today, can deal with the unexpected, and are on track for a healthy financial future. </span></span></span>Gympass Wellness Partner, Moneyed is here to support you with feeling more financially stable. </span></span></span>We spoke with CEO, Sam Short to understand a little bit more about financial wellbeing and how Moneyed can support us.</span></span></span></span></span>

Hi Sam, great to speak with you. </span

</span></span></b>Can you tell us a little bit more about Moneyed?</span></span></span> </span>

I started Moneyed because, after being enrolled in a workplace pension, I realized I had no plan to make sure I could financially achieve all my important life goals. </span

</span></span>The options available were poor; </span></span></span>they were too short term (budgeting apps) or expensive (financial advisors) or impersonal (workplace workshops and seminars). </span></span></span>The only option was to DIY. </span></span></span>So I did (with the help of my Co-Founder Phil Jones!).</span></span></span></span></span>


</span></span>Why is the focus on workplace financial wellbeing?</span></span></span></span>

79% of companies have a wellbeing strategy, but until recently the focus has been predominantly on mental and physical wellbeing. </span

</span></span>As financial concerns are the biggest contributor to poor mental health, and a recent study found 49% of employees want more support from their employer, we are seeing an increase in employers wanting financial wellbeing solutions. </span></span></span>There is also a clear business case: studies have found that worrying about finances results in productivity and retention issues for companies, which cost the equivalent of 13-17% in payroll costs alone. </span></span></span></span></span>


How can we ensure good financial wellbeing?</span


The key is providing access to the right tools, insights, and education so that people are empowered to take control of their finances. </span

</span></span>Moneyed takes a holistic approach to financial wellbeing and combines budgeting, setting financial foundations, and short- and long-term planning with personalized insights and jargon-free educational articles. </span></span></span>Tech solutions, that can be accessed anywhere at any time, are especially important right now given we’re working in a more remote world and trying hard to achieve a good work-life balance.</span></span></span></span></span>


When is a good time to start?</span


Right now! </span

</span></span>At Moneyed, we understand that the thought of financial planning can seem daunting, especially given how little we learn about finances at school in the UK. </span></span></span>We host financial wellbeing workshops to introduce the concept of financial planning and to show how easy it can be to get on top of your finances.</span></span></span></span></span>


Gympass is a wellness platform that gives you access to a range of live-streamed workouts and wellness apps such as Moneyed, fitness facilities, gyms and wellness apps. </span

</span></span></span>If your company offers you access to Gympass </span></span></span></span>, sign up now for free.</span></span></span></span> </span>



Gympass Editorial Team

The Gympass Editorial Team empowers HR leaders to support worker wellbeing. Our original research, trend analyses, and helpful how-tos provide the tools they need to improve workforce wellness in today's fast-shifting professional landscape.