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Do you manage money, or does money manage you? Simple, basic question and yet the answer will go a Balance-transfer-large-1 long way to determining how stressed you are, how many hours you work, or how many unpaid bills or credit card debt you have.

We obviously all have bills, but when we properly manage our money, our full-time job is sufficient to pay creditors on time; we’re stressed, sure, but not to the point of exasperation; and we may even be salting away some money for the future.

On the other hand, when money manages US, creditors are clamoring for their money, we’re working overtime or even taking on another job – and still have unpaid bills. And saving money? Are you kidding?

Unfortunately, the latter is all too common compared to the former. Many Americans struggle with day-to-day finances – the typical American spends $1.33 for every $1 earned, and one in four have more debt than savings. But financial wellness IS possible. What is financial wellness? Reeta Wolfsohn, Financial Therapy Network founder, defines it as, “having a comprehensive understanding of your current financial circumstances.”

But what does this have to do with EAP? Quite a bit it seems. There is no doubt that financial woes spill over into the workplace. Employees receive calls at work from creditors, and are more prone to steal, lie, and cheat to deal with their situation. In fact, an EA individual who attended Reeta’s session on this topic at the 2015 World EAP Conference, pointed out that at least several employees at one of her clients deal with eviction each month!

Employers seem to be recognizing this need. Seventy-two percent of companies believe financial literacy will help employees, yet only 27% of them offer these services through the EAP, according to Reeta, as opposed to 57% that offer them through HR.

“EAPs understand the dimensions of financial wellness, but they need to look at it from a different perspective, in terms of emotional support and maximizing the person’s effectiveness,” Reeta says.

To find out more about Reeta’s services, and perhaps even see where YOU stand in terms of finances, as opposed to just employee clients, check out her “My Money Myself” one-hour webinar, Thursday, January 21 at 2 p.m. ET. Email reeta@financialsocialwork.com or visit https://www.financialtherapynetwork.com/.